This article outlines how to utilize the profit calculator, a valuable tool designed to help you estimate potential profit margins for your products. By understanding your profit margins, you can set informed and competitive prices.
Who Benefits from the Profit Calculator?
The profit calculator is particularly useful for users of e-commerce platforms such as:
Shopify
Etsy
Accessing the Profit Calculator
You can easily access the profit calculator from your Gelato account. Simply follow these steps:
Log in to your Gelato account.
Navigate to the landing page.
Scroll down to locate the profit calculator section.
Utilizing the Profit Calculator
Once you've located the profit calculator, follow these steps to use it effectively:
Select your Gelato subscription plan (Free, Gelato+, Gelato Gold). Your chosen plan determines the production costs and, subsequently, your profit margins.
From the left-hand side menu, select the product category you're interested in (e.g., apparel, wall art, home decor). This narrows down the product options and provides more accurate pricing information.
Choose the shipping destination for your products. Shipping costs vary depending on the destination, impacting your overall profit.
Input your selling price. This is the price you intend to charge customers for the product.
Enter your estimated monthly sales volume. This is the number of units you anticipate selling each month, which directly influences your potential profit.
Factor in your marketing costs. These are expenses related to promoting your products and driving sales.
Select the platform where you sell your products (Shopify or Etsy). This helps tailor the calculations to your specific e-commerce platform.