If you want to be a manufacturer then there is a formula you need to know that is very important. This formula gives you the mark-ups for the whole string of mark-ups, so that you instantly know what to sell your products at retail.
Many years ago I work like a demon for six months to fulfil an order for clipart art for a company that was setting up as manufacturers. They wanted 1,000 pieces of clip art and I managed to produce 600 in six months. This was a good experience for me because I found out my maximum capacity for clipart production – 100 per month or an average of 5 per working day.
When the time came to go into manufacture I gave them the formula for the end costings and explained why it was necessary. About a month later they sent me the finished product and gave me a price for it. The price didn’t reconcile with my pricings so I phoned them up and asked them how they arrived at this end price. They told me that my formula made the price too dear so they chopped 33% of the wholesalers mark-up! I said that they wouldn’t sell any copies at all which is exactly what happened! Why, because the wholesalers wouldn’t carry it, the reason being is that they weren’t allowed to make a profit! Would you work for nothing? I don’t think so!
So this formula is very important to your success as a manufacturer.
It is also important because if you want to manufacture a new item you can simply use the inverse of the formula to find out from an opponent’s retail price what it cost them to manufacture. So if a new item appears and it costs $24.95 retail you can tell to the exact cent how much it will cost you to manufacture that item. If you can’t do it within that price don’t even bother starting.
So I am going to end this story here at this point. If you are interested in manufacturing then simply send me an email and I will forward you a PDF of the full article. This is a secret after all and not available to everyone. But it is available from me to everyone who asks for it.
May Love, Detachment, Health, Happiness, Peace, Success and Prosperity BE yours,
reverend master j’iam
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