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My Own Formulation Pricing
Together with my partner, I developped a new formulation for a new kind of Shampoo.
It was tested by one of my clients and he wanted that I sell him the formulation. He want to use it in his manufacture to produce this specific shampoo.
This is the first time I am facing this kind of things and I don´t know how much money I have to request to him to reveal my own formulation for that shampoo.
Please, could you advice. -
3 Replies
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That’s more of a financial/legal question. I can say we typically sell our formulas anywhere from $6,000-15,000, but there are plenty of ways to handle it.
Our price is for a fully finished, tested formula that has shown no issues in safety or stability. Make sure you outline what you are selling carefully.
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Yeah, it depends on a lot of factors. Some people might charge as much as $25,000 or as little as $500. I guess ultimately the answer is charge as much as the client is willing to pay.
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IMO you can charge more if you include supplier contacts and cost estimates with your formula.
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