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lt1jane said:my C&C comes from my director. She has quite the kitchen store on shelves in her basement. I borrow from her and then replace whatever I sell. I focus on items under $20 because that's what people seem to want to sift through when doing C&C. I take orders for anything else I don't have on hand.
My pricing is pretty simple. Catalog price + 10% (Shipping) + tax (shipping is taxed here in Wisconsin). I tell everyone the prices they see are the catalog prices plus a little for taxes and shipping because I still have to pay those myself.
If you have items from different people, I recommend using the colorful garage sale stickers or painter's tape. Each person takes a different color. I put a piece of clear tape under the sticker (to make removal easier). On the sticker goes the item # and the price you are charging. As I sell items, I remove the sticker and put it on a piece of paper. (I also have a spreadsheet organized by item #, description, price that I use as a backup.) I use the stickers to know what I need to reorder.
lt1jane said:I do report the sales to the government. I do not pay my director for the products. I AM NOT selling her stuff for her. I must submit an order to replace the products I sell. I am selling things for myself and it goes toward my career sales. Because I submit an order to replace the products, I am reporting the income and the sales tax collected. Depending on the event, you can get enough sales to submit a party. Many people don't want to place an order for a small item or two, but will happily buy them on the spot. If I don't have something, I will order that and usually deliver it to them.
Thie first time it was brought up to me, I was wondering the same thing. I am not selling my directors stuff for her. No money excanges hands between the two of us. I am just using her products to get the sales that I may very well have missed by not having anything for sale. I have to return ALL products, even the ones I sell.
The first time I had C&C, I had someone rush up to my booth in a panic, they were on their way to a birthday party and needed a present. They were thrilled to get the stuff on the spot. I got a $300 show out of the effort. It was worth it to me.
The best pricing strategy for a vendor show/booth cash & carry is to offer a variety of products at different price points. This allows customers to choose items that fit their budget and increases the chances of making a sale. It is also important to consider the cost of the event and any discounts or promotions that may be offered.
The prices for a vendor show/booth cash & carry should be set to cover the cost of the products, any fees associated with the event, and a reasonable profit margin. It is important to also research the market and competitors to ensure that your prices are competitive.
Offering discounts or promotions can be a great way to attract customers and increase sales at a vendor show/booth cash & carry. However, it is important to carefully consider the impact on your profit margin and make sure the discounts are feasible for your business.
To ensure fair and consistent pricing at a vendor show/booth cash & carry, it is important to have a clear pricing strategy in place and communicate it to all employees or team members working at the event. Regularly review and adjust prices as needed to remain competitive.
While there are no set guidelines for pricing at a vendor show/booth cash & carry, it is important to keep in mind the cost of the event, the cost of the products, and the profit margin you are aiming for. It can also be helpful to research the pricing strategies of successful vendors in similar markets.