Setting Pricing and Margins
When adding a new product to your store, it’s important to carefully set the selling price and understand
the margin you will earn from each sale. Here’s how you can do it:
- Choose the Product and Size:
- Select the product and size that you want to offer in your store. You can see the available
sizes in the list, as shown in the screenshot.
- Set the Selling Price:
- Enter the selling price for each size of the product. This is the price that your customers
will see and pay when they purchase the product from your store.
- Understand the Imprint Price:
- The Imprint Price (excluding VAT) is the cost associated with producing the product.
This price is provided by Printitle and includes the cost of materials and printing.
- Calculate Your Margin:
- Your margin is the difference between the selling price and the imprint price. For
example, if you set a selling price of 30 and the imprint price is 30, your margin would be 0.
To make a profit, set the selling price higher than the imprint price.
- Update Sell Prices:
- Once you’ve entered the desired prices, click on “Update Sell Prices” to apply the
changes. Make sure to review the prices for accuracy before saving.
- Finalizing:
- After setting the prices and margins, click on “Save Product & Send to My Store” to
publish the product with the new prices. The product will be synchronized with your store,
and customers can start purchasing it.
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