Episode 7: In this episode we talk to Michelle Wang, the Founder and Owner of @arithmosskin. Michelle talks to us about the genesis of her brand of super fine body oils and how she manufactures her products using only the finest ingredients. Michelle, a qualified cosmetic chemist, used to be an accountant for ANZ Bank. We talk about Cost of Goods Sold (“COGS”) for younger brands and the real and hidden factors one needs to take into account in determining COGS, which then feeds into a product’s recommended retail price (“RRP”). For brands that want to go into large retailers and big online retail platforms, this episode delves into the importance of setting a realistic RRP, a key component of which is the product's true COGS. Listen now on Apple Podcast and/or Spotify at “The Beauty Business Podcast” or via our website: https://omny.fm/shows/the-beauty-business-podcast

<p>Episode 7: In this episode we talk to Michelle Wang, the Founder and Owner of @arithmosskin. Michelle talks to us about the genesis of her brand of super fine body oils and how she manufactures her products using only the finest ingredients. Michelle, a qualified cosmetic chemist, used to be an accountant for ANZ Bank. We talk about Cost of Goods Sold (&ldquo;COGS&rdquo;) for younger brands and the real and hidden factors one needs to take into account in determining COGS, which then feeds into a product&rsquo;s recommended retail price (&ldquo;RRP&rdquo;). For brands that want to go into large retailers and big online retail platforms, this episode delves into the importance of setting a realistic RRP, a key component of which is the product's true COGS. Listen now on Apple Podcast and/or Spotify at &ldquo;The Beauty Business Podcast&rdquo; or via our website: <a href="https://omny.fm/shows/the-beauty-business-podcast">https://omny.fm/shows/the-beauty-business-podcast</a></p>

A podcast from two industry insiders on the business of Beauty and Fashion! Learn about what happens behind the scenes of the multi-billion dollar Beauty and Fashion Industries and virtues and pitfalls of the "Lipstick Economy". We'll be discussing everything from product development, business development and related commercial plus legal matters. Gain insights and hear interviews from Industry Leaders and Brand Founders!

<p>A podcast from two industry insiders on the business of Beauty and Fashion! Learn about what happens behind the scenes of the multi-billion dollar Beauty and Fashion Industries and virtues and pitfalls of the "Lipstick Economy". We'll be discussing everything from product development, business development and related commercial plus legal matters. Gain insights and hear interviews from Industry Leaders and Brand Founders!</p>

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