HASA98. Posted on Sep 14, 2020
Not sure how much to start for my private label formula, I've seen people charge alot of money. But I dont have a clue how to price mine.
There isn't a lot of detail to go on here, so will just provide some high-level thoughts and ramblings;
It's not as simple as looking at your competitor and matching, undercutting or adding more value because you have no idea how their business is structured and what their costs are, your competitor's pricing should be a factor in your decision but not a driver.
You will need to think about;
How much does it cost to produce your product in full?
Do you have operating/maketing costs?
Delivery of Product - how is his done, does it cost?
Marketing - ads, etc - Are they paid?
So simple example, lets say your
About tree fiddy
Seek out your competition and match their pricing or offer a better value. We have no clue what "cosmetic formulas" means.