How to Price Products - Print-On-Demand Pricing Strategies with Printful

Share this & earn $10
Printful Custom Printing
Published at : 24 Dec 2020
30361 views
836
29

Get started with Printful today ➡️ http://bit.ly/2KENDaC

Are you pricing your products at a loss? 🤔 Four steps to follow when dealing with print-on-demand product pricing + a REAL example of the whole process at the end! 📋

______________________________________________
📣Checklist and resources:

STEP ONE: ASSESS YOUR PRODUCT COST 00:00
1. DESIGN COSTS
🧬 DESIGN PRICE / NUMBER OF DESIGNS YOU PLAN TO SELL = DESIGN COST PER PRODUCT
🧬 DESIGN PRICE / YOUR PROFIT MARGIN = MINIMUM ORDERS TO SELL
🧬 YOUR HOURLY RATE x HOURS SPENT ON THE DESIGN = DESIGN PRICE
📍 Printful Mockup generator: http://bit.ly/2hSONEi

2. PRODUCTION COSTS
📍 Printful Products page: http://bit.ly/2p9mvUr

3. SHIPPING COSTS
🧬 YOUR RETAIL PRICE + PRINTFUL’S SHIPPING RATE = YOUR RETAIL PRICE WITH FREE SHIPPING
Watch our shipping video: http://bit.ly/37qftBu
Printful Shipping page: http://bit.ly/2AOTClq

4. TAXES
📍Taxes and Billing FAQ: http://bit.ly/345V1U9

5. PLATFORM FEES PER ORDER

STEP TWO: ADD A PROFIT MARGIN 04:42
🧬 PRODUCT COST + PROFIT MARGIN = RETAIL PRICE

STEP THREE: ADD UP OTHER COSTS 05:24
🧬 OTHER MONTHLY COSTS / YOUR PROFIT MARGIN = MINIMUM ORDERS PER MONTH

SUMMARY 05:59

STEP FOUR: REVIEW YOUR PRICES REGULARLY 06:22

PRICING A PRINTFUL T-SHIRT: EXAMPLE 09:23
📍 Excel sheet example: http://bit.ly/35hujbB

_

Printful is the easiest order fulfillment system you'll ever use, free to set up, and with no monthly fees! You sell products on your store, we automatically process and fulfill them when orders come through, and ship them out to your customer. Easy as that!

Master the art of ecommerce:

Printful Ecommerce Integration Tutorials: http://bit.ly/2r6O6eO
Setting up Shop with Printful: http://bit.ly/2QycJvI
Digital Marketing Techniques: http://bit.ly/2LvyryY
Ecommerce Tips: http://bit.ly/2puPTdh
Design, Style & Trends: http://bit.ly/2OnNzNS

Follow us on social media:
Facebook: http://bit.ly/2RJOzLW
Twitter: http://bit.ly/2WKB1n9
Instagram: http://bit.ly/2Vs9jP1

Subscribe to our blog to get the inside scoop and suggestions on how to make the most of your online drop-shipping apparel store: http://bit.ly/2GctN5Y

Subscribe to our youtube channel to help guide you through our drop-shipping paradise: http://bit.ly/2MRU5uN

Get in touch with us at: support@printful.com or (818)3517181
Monday to Friday from 9am to 8pm EST

______________________________________________
About this video:

Product pricing is one of the most important decisions you have to make for your store. It covers everything from your business finances to your product’s place in the market—and it’s not a decision that you’re only gonna make once. Remember that there is no one perfect way to price your products, and there certainly isn’t a perfect price I can just go out and share with you. Each case will be different, but in this video I will show you how to approach every pricing decision with calculated care.

Before you can worry about how you’re priced in relation to your competitors and how your prices meet customer expectations, you need to make sure you’ve found a sustainable base price. That’s why you need to assess your expenses. Your retail price should consist of all of your product costs plus your profit margin. Your product costs may include designing, production and shipping costs, as well as taxes and platform fees per order. You can adjust your profit margin as you see fit and what your competitors dictate, but be sure to take in mind other costs and calculate the minimum number of orders you have sell to cover them. When you have this process set up, you can move on to step four—reviewing your prices.

Use strategies like market or competition-oriented pricing, demand or dynamic pricing, anchor pricing, discount pricing or penetration pricing.

It’s tempting to sit back and leave your prices as they are, but that would be a mistake. Demand for your products might rise or decrease, some additional product costs may come along and your retail product price should always change as a result. The work has just begun, but you’re on the right path.

Come back to your product pricing strategies on a regular basis—go over your product costs and see if there have been some changes, try out something new and keep up the good work.

_
#printful #printondemand #profitmargin
printfulprint on demanddropshipping

SMD CODE in Hindi !! SMD Marking Codes !! How to confirm any Electronics Components by smd codes.

SMD CODE in Hindi !! SMD Marking Codes !! How to confirm any Electronics Components by smd codes.

Cheap PC In Mumbai | Cheap Computers In Mumbai | Mumbai Computer Market | Cheap Desktop | Cheap PC

Cheap PC In Mumbai | Cheap Computers In Mumbai | Mumbai Computer Market | Cheap Desktop | Cheap PC

Set aside 2

Set aside 2

Anly - Karano Kokoro

Anly - Karano Kokoro

Comparatively Speaking

Comparatively Speaking

QI | What Are You Frightened Of?

QI | What Are You Frightened Of?

Congress scrambles to provide COVID relief, government funding

Congress scrambles to provide COVID relief, government funding

Guess who's back…Back again…Alfonso's Back - Cosmetic Limb Lengthening Surgery To Get Taller

Guess who's back…Back again…Alfonso's Back - Cosmetic Limb Lengthening Surgery To Get Taller

5- Black Thumbnail - Kings of Leon ( Because of the times ).wmv

5- Black Thumbnail - Kings of Leon ( Because of the times ).wmv

[MV] 케이윌(K.will) - 이러지마 제발 (Please don't...)

[MV] 케이윌(K.will) - 이러지마 제발 (Please don't...)

The Unmarried Wife | Angelica Panganiban, Dingdong Dantes | Supercut | YouTube Super Stream

The Unmarried Wife | Angelica Panganiban, Dingdong Dantes | Supercut | YouTube Super Stream

Skepta - No Security

Skepta - No Security

Guess Who Has a Criminal Record | Lineup | Cut

Guess Who Has a Criminal Record | Lineup | Cut

sad alex - all the way over [Audio]

sad alex - all the way over [Audio]

Sultaan - Time Out Ft. Big Ghuman Official Music video

Sultaan - Time Out Ft. Big Ghuman Official Music video

THICKER CURVY HIPS WORKOUT! Day 2 (Beginner and Intermediate Levels)

THICKER CURVY HIPS WORKOUT! Day 2 (Beginner and Intermediate Levels)

Kessinger and Watts Email, Did It Predict What Was Coming? Let's Talk About It

Kessinger and Watts Email, Did It Predict What Was Coming? Let's Talk About It

WHEN YOU NEED A FEW MORE TROPHIES... (and this happens) 😧

WHEN YOU NEED A FEW MORE TROPHIES... (and this happens) 😧

SURPRISING FAMILY WITH 20,000 POUNDS OF SNOW IN BACKYARD!!!

SURPRISING FAMILY WITH 20,000 POUNDS OF SNOW IN BACKYARD!!!

QI | Where are 1% Of Americans?

QI | Where are 1% Of Americans?

Becky G, Natti Natasha - Sin Pijama (Official Video)

Becky G, Natti Natasha - Sin Pijama (Official Video)

How to fix the recovery server could not be connected on Mac Book Pro

How to fix the recovery server could not be connected on Mac Book Pro

Wilkinson - We Will Be ft. Matt Wills

Wilkinson - We Will Be ft. Matt Wills

I struggle with my anxiety on a regular basis

I struggle with my anxiety on a regular basis

10 Mins ABS Workout To Get FLAT BELLY IN 30 DAYS | FREE WORKOUT PROGRAM

10 Mins ABS Workout To Get FLAT BELLY IN 30 DAYS | FREE WORKOUT PROGRAM

How Many Of Your Possessions Are Actually Adding Value To Your Life?

How Many Of Your Possessions Are Actually Adding Value To Your Life?

TEAM RETOS DE IAN TIKTOK😂

TEAM RETOS DE IAN TIKTOK😂

Ad Infinitum Legendary PvE Backpack Guide for Guild Wars 2

Ad Infinitum Legendary PvE Backpack Guide for Guild Wars 2

Is my vintage equipment trying to send me a message?

Is my vintage equipment trying to send me a message?

NEULOUS:INSANE X16 REVERSES, HUGE TRIPLES AND ENORMOUS DOUBLES! | ENJOY

NEULOUS:INSANE X16 REVERSES, HUGE TRIPLES AND ENORMOUS DOUBLES! | ENJOY

Test d' Hypersensibilité : 10 Signes que tu es Hypersensible

Test d' Hypersensibilité : 10 Signes que tu es Hypersensible

6 Most Dangerous Ways Kids Get To School

6 Most Dangerous Ways Kids Get To School

Probability with playing cards and Venn diagrams | Probability and Statistics | Khan Academy

Probability with playing cards and Venn diagrams | Probability and Statistics | Khan Academy

Assembly Language Programming Tutorial

Assembly Language Programming Tutorial

Q&A of LARGER THAN LIFE: THE KEVYN AUCOIN STORY with Tiffany Bartok

Q&A of LARGER THAN LIFE: THE KEVYN AUCOIN STORY with Tiffany Bartok

😂CONCERNED?!

😂CONCERNED?!

Zero Venture - Point Of View (Lyrics) feat. Cadence XYZ

Zero Venture - Point Of View (Lyrics) feat. Cadence XYZ

BRIDGE - "It's Ok" (Official Music Video)

BRIDGE - "It's Ok" (Official Music Video)

What Does The Bible Mean When It Says, "Judge Not, Lest You Be Judged?"

What Does The Bible Mean When It Says, "Judge Not, Lest You Be Judged?"

Hot Temperature in Kuwait

Hot Temperature in Kuwait

BACK TO BASICS - PUTTING 1/5

BACK TO BASICS - PUTTING 1/5

THYLACINE - Pleasure ⎜Official Video⎜

THYLACINE - Pleasure ⎜Official Video⎜

The lost art of simplicity | Bryan Byrd | TEDxKatuah 2013

The lost art of simplicity | Bryan Byrd | TEDxKatuah 2013

Gregory Alan Isakov - If I Go, I'm Going

Gregory Alan Isakov - If I Go, I'm Going

HOUSE WORK (Froglicka Remix)

HOUSE WORK (Froglicka Remix)

The Capsize of American Magic

The Capsize of American Magic

All About NamKook Fondness

All About NamKook Fondness

Pre-Authorization Of Shares in Zerodha / How to Authorized of Holding Shares before Selling

Pre-Authorization Of Shares in Zerodha / How to Authorized of Holding Shares before Selling

Although, even though

Although, even though