It’s time for apparel companies to rethink how they do business, said Stan Przybylinkski, vice president of research at consulting firm CIMdata, who spoke Tuesday at a Product Innovation Apparel seminar in New York titled “Enhancing Supply Chain Collaborative Practices.”
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Here are some time-saving and helpful pointers on pricing to ensure that your brand is getting the exposure, reputation, and traction you want!
Consistency – to maintain consistency for retailers interested in your brand, check to make sure your pricing on different platforms (whether it is on Modalyst or your own website) is the same across the same products.
The Suggested Retail Price (MSRP) you list on Modalyst is imported directly into the dropshipping sites retailers use (Shopify, Big Commerce, WooCommerce, etc) – thus , you always want to list the exact same item for the exact same MSRP. This will help to maintain the integrity of Modalyst, and more importantly, your brand!
Price on Modalyst:
Continue reading “Pricing 101: Pricing Consistency, MSRPs, and Markups”