Module 3: Pricing
Intro to Pricing
In this video I give you an overview of the pricing module, how it ties in with niching and ingredient mapping, and why all of this matters. I also let you know what to expect from the videos that come after this one.
Video 1: Intro to Pricing
Link to the International Suppliers PDF Here - For where to buy your ingredients.
How to Price a Single Product: Simple Formula
- Baby Oil Example
Video 2: Pricing a Single Product (Easy Example)
Video 3: Let's Map Out Our Calendula Care Baby Line
Video 4: Let's Look at How to Price a More Complex Product
Video 5: Pricing Q & A
VIDEO DEMO COMING SOON ON HOW TO PRICE AN ENTIRE LINE
Questions answered in this video:
I am not sure how to change my essential oils from ml to grams since all the oils have different densities. Is there a way to do this?
And if not what is the best way to calculate the price of essential oils for formulas?
If I buy 10ml of lavender essential oil for $2.00 and use 0.6g in a formulation how do I establish the cost of 0.6g used?
Questions answered in this video:
Why are bulk products cheaper?
Questions answered in this video:
- Are there industry guidelines on margins for different product types or it’s purely dependant on brand perception and product quality?