Frequently Asked Questions

Setting your selling price is simple. Follow these steps to ensure you cover your costs and achieve the profit you deserve:

• Step 1: Input Desired Return

  Decide how you want to calculate your profit—by dollar amount, margin percentage, or markup percentage. Choose the option that works best for your pricing strategy and enter the value.

• Step 2: Add Costs
  • Item Cost: Enter the cost of producing or acquiring the product.
  • Shipping Cost: Include any expenses for shipping the product to your business or customers.
  • Sales Tax (Optional): If applicable, add the sales tax percentage for your product.
  • Shipping Charge (Optional): If you charge customers for shipping, enter that amount here.
• Step 3: Specify Selling Costs

  Include any fees charged by platforms, such as marketplace or e-commerce site fees. You can input these as a percentage, a fixed dollar amount, or both.

• Step 4: Include Transaction Costs

  Add payment processing fees, such as credit card or payment gateway charges, as a percentage or fixed fee.