You can vary your prices for your products by currency, but your prices on NetSymm must be the same or lower than other sales channels for the same currency.
One simple way to think about it is that our buyers (retailers and restaurants) should always be able to find your best prices on NetSymm for their currency.
If you’re new to wholesale, you may be trying to figure out how to make the costs of selling B2B work for your business. In some cases, not every product will make sense for B2B wholesale, based on costs and potential margins.
Here are a few important things to consider when you’re deciding if your products can work for wholesale.
- Cost of goods sold (COGS): The cost of goods sold is the total cost of creating the product, including labor and materials.
- Your margin: You need to feel that the margin you get selling your products is sufficient relative to the costs of producing your products.
- Retailer margin: Retailers who buy your products will need to be able to sell your products at a reasonable margin. Typically that margin is 50%—or 2x the wholesale price.
One thing to also keep in mind is that NetSymm’s commission helps us offer benefits to brands such as our customer management, payment processing, and marketing tools, and exposure and promotion in the marketplace.