Tuesday

Inventory and Price

As the personal shopping business is service oriented, you will not sell a specific product. This means that there is not much initial inventory as it would if you started retail business. However, you may find it necessary to mark deal with suppliers of wholesale goods, as some Customers may request such goods.
    
If you buy goods in wholesale customers, it It is important that you maintain a good relationship with reliable suppliers of stock. The better your connections with reliable suppliers, the better your chances of getting these special items for your clients at a good price.
    
Even if you normally would not sell a product, you will will sell the service. And you need to take the same care in the prices of your service provider, as you would a line of products. Most personal shoppers use one of two common methods of pricingCompany:

1) Establish a fee based on the total value of the goods.

2) charge an hourly rate.

What is the price of the selected method should yield enough revenue to cover any overhead costs you your time and labor, and leave you with a reasonable profit. To do this you need to know that the market will bear, and how much you want to Personalization services profitable.

Most home-based services trade Initially Institute board based on the total value of goods purchased. This fee be a percentage of the purchase price. Interest will vary depending on the market square, the type of clientele and In general, prices become a commodity. It's up to individual buyer to determine the appropriate percentage.

Generally, the greater the total value of goods bought, the less the service charge. For example, if you fee equal to 20% on the purchase of $ 500 or more, your minimum fee will be $ 100. To reduce the size of the total purchase goods - say, from $ 200 to $ 500, your service charge may
25%. This will leave you with a minimum fee of $ 50 and maximum of $ 125.

This type of pricing makes sense to business, if you Many pre-sales of newspapers, catalogs and by phone. That By the way, you have located your product actually, before going shopping. This will save you time and result in the highest degree profit on your labor.

All billing for the services of this type usually works best ifYour service offers a lot of consultation and shopping. In most cases, private buyers, which also function wardrobe consulting as part of their service, charge an hourly fee. If your services on the market, which has the potential to Support wardrobe consultant and personal buyer, you may consider billing clients by the hour.

Many personal shoppers who also offer consulting in their services as much as $ 45 per hour. The rates you are installing depends on how much you know that your time and effort are, and how much the market can afford. You need to earn, but You should also be available.
    
If you limit the service to purchase - no consultations -- Then the hourly rate is not realistic. Sometimes you can only trading for $ 50 for goods and charging an hourly from $ 30 to $ 40 will not be appreciated by the client. Your rates be such that each client feels is worth the time savedpay you to make purchases. For purchases services only, fees based on the total price of the goods is more practical, and ultimately more profitable than the hourly rate.




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