Wednesday, December 11, 2013

Market Trading - What price to sell at? -

Hi there,I am planning to do some casual trading at weekend markets. I will be purchasing my stock (Fashion Accessories) from wholesalers. I was just wondering what would be reasonable multiples to sell at. Since this is my first time and I am worried that I might price wrongly. Is it right to think that...For markets, wholesale price x 2?For retail stores, wholesale price x4 or more?Thank you in advance, any tips or suggestions are more than welcomed.

you should work out what the items cost you, then work out how much each one would cost including your petrol or diesel costs and go from there if its to high you wont get anywhere but if its the right price you should do really well good luck

Hi, 1st thing is, are you sure you are buying at the right prize, 2nd to make sure you are buying right things and at the right prize, you will need to survey them or the Internet, there are many things that we think is cheap until we buy them and then see we could have bought them cheaper somewhere else, china is a big market and they have kept all the products well placed in the global market which you must be aware are very cheap, when it comes to price, x2 x3 x4 depends totally after you figure out what the client can purchase up to, do survey before you buy or sell, Good Luck God Bless

In a market, I suggest you try trial and error! However, if it is your first time, you will probably get more sales in the first week or two. If you are looking for trade sales. Start your price high and negotiate with your new regualar punters!

You aren t far wrong with your calculations but some basic trading advice for you is as follows:Buy lowSell highIf you stick to this complex mechanism then you shouldnt go far wrong! Good luck :-)

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