How to set your price so you never make a loss
Learn how to set your product price on online shops
Pricing can be tricky, but one thing is for sure as a business owner — you don’t want to make a loss.
So how do you make sure that at the end of the day you make a decent profit while still providing value to your customers?
Simple: Let your customers pay for it
Imagine it costs you 20 bucks to make your product and 10 bucks to deliver it. This makes 30 bucks your production fee (20 + 10)
But you need profit, otherwise, there won’t be a shop anymore. Let’s say you decide 10 bucks is a good profit.
Your product price simply becomes 30 bucks + 10 bucks. Production + profit.
On vendors.so when you set a price for your product, we tell you how much of that price is our payment charge. This will give you an idea of how to adjust your price so you’re never at loss. Please note that our payment charge of 5% applies to both delivery and product price.
So when next you’re setting your product price or delivery price on your online shop, consider what you expect the ‘amount you receive’ to be.
We care about your profit and we only make money when you do.
Do you sell items via social media? Sign up for an online shop at www.vendors.so so you never waste time checking your DMs. Vendors.so helps you get binding orders and target paying customers. Say no to DMs that don’t lead to sales.
