FREE Pricing and Profit Calculator: How To Price Your Products Or Services
It is imperative for every business to turn a profit in order to be successful. So, how do you make sure you are making a profit instead of losing money? Do you really know how to price your products or services or are you just guessing?
First, you need to set a realistic, overall profit margin needed in order to afford ALL of your expenses, including your salary. Second, you need to determine if the price you are charging your customer will in turn meet your required profit margin, once you have calculated cost of each product/service. If it does not, then you need to rethink offering the product/service or rethink the price.
We have developed an easy to use calculator that will analyze your cost for each individual product and let you know how much you need to sell the product for in order to meet your profit margin…and the great thing about it, it’s FREE!! It’s a great tool to have and in our opinion, a necessity.
This calculator is ideal:
- If you are just opening your shop
- You have an active shop but are not making ends meet
- You have an active shop and would just like to know how you are doing
- Etsy Shops
- Shopify Shops
- Small Craft Shops
- Small Vinyl Shops
- Any other small businesses that sells products or services
The biggest mistake I see when my clients are calculating their cost is forgetting minimal fees or indirect cost. When you are just getting started or are a small business, this alone can make or break the profitability of your business. Look at it this way: Do you want to work for free from now own? I didn’t think so. So before moving further with your business, I highly suggest you take a look at your cost vs. your price and the amount of money you actually need in order to thrive in this competitive economy.
Terms of Use:
Use of this Calculator from the Site, including, but not limited to uploading, downloading, modification, publication, transmission, participation in the transfer or sale of, copying, reproduction, republishing, creation of derivative works from, distribution, performance, display, incorporation into another web site (whether by linking, framing or any other method), or in any other way exploiting the content of the Calculator, in whole or in part, is strictly prohibited without The Work From Home Evolutions’ prior express written consent.