Opinions expressed by Entrepreneur contributors are their own.
The best bet is to set your wholesale price based on your cost to produce the product in volume, the standard or typical wholesale price of your nearest competitors, and what your retailer is willing to pay. The answers will take some homework on your part.
Do you belong to any associations where you could get at least some general wholesale pricing info from other members or their trade publications? You'll need to do some digging, and then some good negotiating with the store buyers.
More from Entrepreneur
Kathleen, Founder and CEO of Grayce & Co, a media and marketing consultancy, can help you develop a brand strategy, build marketing campaigns and learn how to balance work and life.