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How Much Should You Budget for Packaging?

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📦 Go to Lumi.com to find the best fit for custom packaging: www.lumi.com
This is the question we get most at Lumi - How much should I budget for packaging? The answer is 1-3% of your product cost. Now, how you spend that 1-3% is up to you. For higher end products, you may want to spend closer to 3% to validate your customers’ purchases, but for lower priced commodity items, 1% may fit the bill. In this episode, we break down your budgeting options and give you some examples of packaging solutions.
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Опубликовано:

5 сен 2024

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Комментарии : 30

@JavaSAINTS9 5 лет назад

I loved that nonchalant self-plug 😉 been binge watching all your videos and I’m so happy I found them! They’ve totally helped me with research and launching my business successfully 👏🏼👏🏼 MVP!

@qyneshagulledge2974 5 лет назад

The wink tho😂😂

@aishwaryasawarna8134 6 лет назад

You're good. This is all really helpful.

@wedonails2172 5 лет назад

ummm Why is she so adorable? I just subscribed.. and i NEVER subscribe.. But gosh darn it she is just contagiously (i hope) adorable.

@tod3608 5 лет назад

I like her voice a lot

@zoetrandoan7305 3 года назад

does the 1-3% rule apply for just boxes? or included boxes, tissue paper, void fillers, thank you cards, and logo stickers?

@karlovacgrad 2 года назад

yes i have the same question....on a $250 product you can spend $7.50 on total package cost....so if you have a $ 100 product you can spend in total $1-3 in total. This seems off. My boxes alone are in that range. Especially if you have a high end product...$1-3 will not go far

@YumitaKim Год назад

I love this video, it’s very informative, well phased, and entertaining. I never really leave comments on videos but I had to leave one for this one. Thanks a lot for the great video!

@Barykada 4 года назад

omg, that spriti and positivity made my day! :D

@jonathan_ayala 5 лет назад

discovered you on the AskGaryVee show. What an amazing show! You were super inspiring. And I love this content. Thanks for doing your thing. It's inspired me as a business owner.

@NelOPooM 6 лет назад

I have a Gucci sweater I want to send overseas from the US, it's worth like 1000 bucks. Is it ok to send in a poly or should I just invest in a boxed shipment. Btw, i found myself watching more of these videos for entertainment haha!

@ShippingThings 6 лет назад

Poly mailers are plenty protective for soft goods and they make for cheaper shipping, but if you're just shipping one item and you'd like some extra peace of mind, wrapping your sweater in some extra layers and shipping it in a box may be your best bet. Glad you're enjoying the show!