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Wholesale Pricing?
Help please!
I've been offered a spot at EC One's open call next Sunday, and they've said to bring along at least 10 pieces of work and a wholesale price list. I've never done one of these before and am a bit lost.
I get the formula for working out the pricing that has been posted here before, but my slight problem is that I have no idea how long each piece takes to make, as I just work on things as and when I have a spare couple of hours and never make a note of it.
Should I assume that a retailer would double my wholesale price and therefore my website prices should reflect whatever I guess my wholesale price at x2? Which probably means I'd have to put my prices up on my website - eek!
It sounds like the open call is more about giving advice rather than expecting a super-professional pitch and finished collections/branding etc, but I'd like to at least be vaguely on the right track with pricing.
Any advice on how to do this would be great.
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Jules
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