Gemini Markup

[bigben]

Hi, I will use gemini canada for the first time for an item I can't make myself. My question is, what markup to you put on their pricing with shipping? Thanks.

 

[Billct2]

Their pricing includes a retail/wholesale number.

 

[Signchief]

In the US their catalog lists the retail prices

 

[bigben]

Their pricing includes a retail/wholesale number.

On my quote, I only have one price and I'm assuming it's wholesale. lol.

 

[hcardwell93]

The catalog lists retail pricing. Your price if 40% off of that number, plus shipping.

 

[hcardwell93]

So an order that I pay $300 plus $30 shipping I would price it at $420 + $30 + $Install

 

[bigben]

The catalog lists retail pricing. Your price if 40% off of that number, plus shipping.

In my case, it's a custom quote not a catalog pricing. Would you still add your 40%?

 

[Gino]

So an order that I pay $300 plus $30 shipping I would price it at $420 + $30 + $Install

You don't take your price and add 40%, that's not how you figure it. If you take 40% of $500, you'd end up with $300.

In my case, it's a custom quote not a catalog pricing. Would you still add your 40%?

It would be easier just to ask them. I would think they'll tell you what it would normally be for retail of you ask and it's not already figured in.

 

[CanuckSigns]

Yeah the catalogue pricing has a 40% markup already applied, when you request a quote from them it is your cost.

When pricing from the book, make sure you account for "oversize" items, as the shipping cost is astronomical, like 4-5 times the normal cost.

 

[hcardwell93]

You don't take your price and add 40%, that's not how you figure it. If you take 40% of $500, you'd end up with $300.

Yes you're right. Sorry about the mix up.

 

[Signs Express]

Take that wholesale price x 1.6666.... that should match their retail number...

 

[ams]

I usually mark up 40% - 50% depending on the customer.

 

[visual800]

I always request a quote from them and markup according to the customer.

 

[spectrum maine]

it used to be easy to do a gemini job, now they have all these arbritary charges & the pattern charges are astronominal.
i find 40% doesnt cut it anymore.

 

[Johnny Best]

I double their pricing plus install fee, have to pay designer, salesperson, installer and bookkeeping.

 

[shoresigns]

If you subtract 40% from a number, adding 40% doesn't bring it back to the original amount. That's not how math works.

I've counted 5 people in this thread who have the math wrong, so here's how it works in case math isn't your forte:

To calculate Gemini's wholesale price from their catalog price, you subtract 40% from retail, which, on a calculator, means multiplying by 0.6 or 60%. When you get a wholesale quote from Gemini, you don't multiply by 140% or 1.4 to bring it back up to retail. You divide by 60% or 0.6, or multiply by the reciprocal of 0.6, which is 1.667.

 

[Johnny Best]

That's why you just double the price you pay Gemini. A lot easier to figure out.

 

[Sign Works]

Sounds like a lot of folks need to go back to high school and take basic math again.

Just double your cost and make it worth while. No that does not include installation.

 

[Z SIGNS]

I use a complex method.I figure out how much I want to make off the job than add what Gemini charges.

 

[Texas_Signmaker]

That describes my entire pricing algorithm