inventory mark up Archive

  • A common question when someone is setting up a new business is about the mark up percentage on their inventory, and if it’s been done correctly. There really is no wrong answer! There are some strategies that could come into play, and should be considered before really setting up the store. Certain forms of marketing will be less competitive than others and you can see large mark up opportunities like 120-150%. Other forms of marketing will be much more competitive, a dollar could be the difference in selling an item or not and you can still make money with a 35%...

    Pricing your inventory

    A common question when someone is setting up a new business is about the mark up percentage on their inventory, and if it’s been done correctly. There really is no wrong answer! There are some strategies that could come into play, and should be considered before really setting up the store. Certain forms of marketing will be less competitive than others and you can see large mark up opportunities like 120-150%. Other forms of marketing will be much more competitive, a dollar could be the difference in selling an item or not and you can still make money with a 35%...

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