Price is the value that is put to a product or service. And pricing is the process where businesses set the selling price of its products. Pricing requires a complex set of strategies, lots of researches and lots of calculations. The price you are going to charge for your products will have a direct effect on your customers and it’s directly linked to the success of your business. So it’s important that you set the right price for your products.
With this free product pricing calculator template, you’ll have a standard and an organized set of documents in which you can record the pricing facts, calculate your material, labor, and production costs, and then come up with the right price for your products.
Product Pricing Calculator Template
Use for Excel, OpenOffice, and Google Sheets
Pricing can be a tricky job. You need to make sure that your given price should cover all costs and profits. You also need to ensure that your established price should assure your sales. Customers must feel that they are getting value for the price they are paying. A good pricing decision requires time and market research. There are several ways to establish a price for your product. No matter which strategy you follow, you have to calculate your costs before establishing the price. With our free product pricing template, you don’t have to worry about it anymore. It is specially designed to keep things simple and make it easy for you. Our free product pricing is consists of two worksheets. First one is the calculator itself and the second sheet is a chart where you’ll be able to see a summary of your total savings and your discounted price. You need to put the base unit cost and initial markup percentage, order quantity, discounts per unit, taxes and other important information to find your products price.
If you understand how pricing affects your business, not just the bottom line, will help you better choose a better price for your products. You can consider price optimization to increase your profitability. Customers are usually motivated by one thing and that is the price of your products. If you are a new business owner and doing guesswork when establishing the price then you need to stop it and take pricing seriously. Try our free product pricing calculator template today and let us know if you want to see any improvements in it.