No Time? No Problem

Price Pointers

Pricing is a major issue in private-label sales arrangements. In order to make money after paying all the marketing and sales costs, a manufacturer has to be able to buy a private-label product at about 30 percent of the final retail price. That means your profit margin on private-label sales will be slim--but you'll still earn more than you would selling your product part-time.

Don't stop trying to come up with new inventions just because you're short of time. If you set up a private-label agreement, you can sell your product with a minimum of effort. You'll generate part-time income and begin building a track record of success that will make it easier to sell future inventions.

« Previous 1 2 3 4 Page 5 6 7 8 Next »

Like this article? Get this issue right now on iPad, Nook or Kindle Fire.

This article was originally published in the July 1999 print edition of Entrepreneur with the headline: No Time? No Problem.

Loading the player ...

How to Start a Business in 10 Days

Ads by Google

Share Your Thoughts

Most Shared Stories

15 Signs You're an Entrepreneur
The Two Words Steve Jobs Hated Most
Want Media Attention? Target Trades First
The 4 Essentials to Starting a Company Whether You Have Money or Not
Is It That Important to Be Nice?