What is a good practice for product cost markup?

Peeyoosh Kumar

Peeyoosh Kumar

Member
Hello:

I have finally decided to start my own Alidropship site. I have chosen a niche and have discussed with some suppliers as well and they agreed to do drop ship for me. :)

Now the point i am thinking is as below and need suggestions from experienced store owners here.

For Example:
  1. The product cost on Aliexpress is 10 USD.
  2. I have got Stripe account approved with payoneer for payments to move to my account. so in total i would be paying 4% + 30cent as transaction charges. That makes it 70 cents.
What should be an ideal selling price for the product?

P.S.: I am requesting this information only to understand what sort of markups store owners make.

Regards
PK
 
jubran

jubran

Active Member
It really depends on your niche, target audience and competition.
If your target audience are young, don't expect them to pay over $50 for an order. If your niche is luxury, then to make it look trust worthy, well you need to make that amount high... Good luck
 
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