I have been working on a fair trade import business for a little over a year and it looks like things are finally picking up. (yay!)
I am a bit concerned though because while I am more than willing and eager to learn, I'm afraid I'm going to mess things up with my lack of knowledge!
I'm having trouble calculating wholesale costs. I sell retail and pretty much try to mark my items up 100% and calculate shipping. I generally make this as simplistic as possible, but I am not sure I'm doing it right. Now I have the opportunity to represent my business at a fashion wholesale affair in NYC next month and I honestly have no clue how to go about calculating wholesale prices. Is there some sort of equation to follow?
On another note, there is the possibility of being a distributor in the US for the artisan group I am working with. This is a whole different game I'm assuming than wholesale?
How can I educate myself more on these subjects so I don't blow it?
That said, I am super excited that I am progressing!