To set a standard sales price markup in the store, begin in the Products section of your store page inside of the management portal.
You can now view all available products in your store. This page will also display the item cost, sales price, and your profits.
To set a standard markup for the store, choose the "Select all" button at the top of the page, or check individual boxes if you prefer to set prices for only a few items at a time.
The banner at the bottom lets you set the sales price for your products. You have three options:
- Set a fixed dollar amount markup.
- Set a fixed percentage markup based on the item cost.
- Set a fixed sales price.
- Set a fixed price markup ($): Use this option to choose exactly how many dollars you would like to earn as a profit on this item. The final sales price is calculated and shown below. As the market price of blank goods fluctuate, the store sales price will fluctuate and maintain a consistent fixed profit for the item.
- Set a fixed price markup percentage (%): Use this option to choose a percentage that the sales price should be marked up above the item cost. The final sales price is calculated and shown below. As the market price of blank goods fluctuate, the store sales price will fluctuate and maintain a consistent percentage margin for the item.
- Set a fixed sales price: When you set a fixed sales price, the price your customers pay will remain the same, regardless of changes in garment or decoration costs. However, your profit margin may vary because the cost of the items can fluctuate. If the cost of the garment or decoration increases above the fixed sales price, you might end up with a negative balance.
"Set markup" will activate these changes, and your profit will be calculated for each individual item that was selected in the store.
Be sure you have set the Account Disbursement details so there is no delay on receiving your profits!