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Help! being over charged.
Hi, like many people to this forum I’m new to the world of color cosmetics. Ive done lots of research but still a newbie to pricing and formulation. Ive found a chemist in my home town that is willing to revers engineer a liquid foundation from a name brand company and tweak it to my specifications and needs. Based on much research I understand its typical to pay half up front and other half upon release of formulation. In my case they are charging $5k up front and $5k when done, totaling $10k plus 3 revisions. Since it is a liquid foundation for the skin I will naturally need to have it in at least 8 shades for different skin tones. This is the KICKER FOR ME… they want $6,500.00 FOR EACH additional shade. This is the part that has my business sensors tingling. At this point its no more revers engineering they are just changing the coloration a bit to get the shades. Is this normal to charge so much just to change shade, or should I run for the hills? Should I have them reverse engineer the liquid foundation and have some one else create the different shades I need with the formula I would get from them? All thoughts outburst and Help greatly appreciated.
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