I never set out to design software. Quite the contrary, my goal in launching Lucky Break was to share the wisdom I’d gleaned over the years as I crawled deep in the entrepreneurial trenches. But I quickly realized that some of the systems I’d established for myself were desperately needed by others. So…
Tag Archives: price-o-matic
The Magical Mystery of Volume Discounts
I’ve fielded this question not once, but twice, in the past few days, so I’m taking that as a cue from the Universe that you, too, might be mulling over how to calculate volume discounts. Here’s my take. 50% is the customary and expected wholesale pricing structure. When an account orders in a quantity that…
Event Recap: The 2015 HSCG Conference
Melissa and I are back from a busy week in Indianapolis and I wanted to share some of the fun with you! For the second consecutive year, I was invited to present at the Handcrafted Soap & Cosmetic Guild’s annual conference. We spent five solid days meeting LBU alumni, answering questions + supporting new brands,…
Price-O-Matic is Finally Here!
For far-too-many years, I struggled with how to price my products. Late nights of cursing and crying and worrying were commonplace as I wrestled to get a firm grip on raw material, labor and overhead expenses and then extrapolate a competitive pricing structure from those figures. Enter my tech-savvy husband: I sweet talked my…
The 2 Most Frequently Forgotten Pieces of the Pricing Puzzle
Lately, my LBU students have been deep diving into some important costing exercises, because the first rule of wholesale is that you can’t afford NOT to know your COGS (cost of goods sold). And this isn’t the sort of thing that you can guess or estimate. This is the very left-brained component of our typically right-brained…