Forums: Discussions for entrepreneurs and small business.

First, are you going to be selling your product through any other outlet, or directly to the customer
( retail).  Second, what is your base price.  Somewhere between your base price and retail you will assign a price to sell to Costco.  You might also want to consider a tiered pricing structure for Costco.  You also need to find out if Costco has a prise they are looking to sell your product at through their stores.


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The older we get, the more excuses we make for not chasing after our dreams. But truth is, goals are attainable at any age.

Costco is a great company.  You will need to make sure you have the ability to manage your inventory as Costco buys on multiple levels so you will need to forecast accordingly.  Most of the time you are dealing with an in and out item.  You need to have your margins set.  I obviously do not know your wholesale selling price but the markup from Costco`s standpoint is based on an equation which is primarily based cost and what the buyer feels the product will move at.  Usually you can bet safe that there will be a markup of at least a 65 - 75 up again, depending on what the product is.  Costco pays pretty well at around net 35 - 45 days which is usual in this business.  If they are bringing the product in as a 30 day test then they will most likely pay net 65 on the test and if the pull through numbers come in apprppriately they will bring it in slowly as an in and out item and pay net 45.

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Michael Bloom is President of Sinotech in Portland, Oregon, which has been engineering and supplying custom mechanical and electromechanical parts to clients across the globe for over 20 years. Michael is certified by the U.S. Small Business Administration as a Global Trade Counselor and by NASBITE International as a Certified Global Business Professional (CGBP). Michael received his B.S. in Electrical Engineering from the City College of New York, an M.S. in Counseling from Long Island University and has done doctoral work in Educational Administration at Hofstra University. He is the former President and current Board member of the Northwest China Council and an advisor to Portland’s Small Business Development Center. Michael is also a speaker for the Jewish Federation of Portland’s Hope for Peace project and a founder and officer of the Oregon-Israel Business Alliance. He has published more than 50 magazine articles and conference papers and has been quoted often in various media outlets on issues concerning China.

 

 i would like to get into costco/ sams with my products.  i am a one man band and i invest my products.  maybe we can partner up if you are doing business and have a track record.  can we talk? 951-522-0822. thanks , Tom

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 Randa,

i would like to get into costco/ sams with my products.  i am a one man band and i invest my products.  maybe we can partner up if you are doing business and have a track record.  can we talk? 951-522-0822. thanks , Tom

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 Hi there would you be able to tell me how to contact costco any number or email Iam from Austalia would like to sell my new patented product

thank you

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 Good day Tim Iam looking for some one to get into costco I reside in Australia and have a patent applied in the US what am I looking here to get into please help

thank you

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