Profit Margin Calculator
Quickly find your target cost and product price for products on your shopify store based on your desired profit margin.
Desired margin is %
If your cost is higher for a product, update the cost by clicking the target cost and your product price will change accordingly. You can then export the prices and costs to upload inside your shopify store admin.
If you want to keep your shopify products priced at your desired margin and save time fixing prices based on target costs. Connect your shopify store to Konigle and protect your margins, with the Margin Protector Tool.
A good margin depends on industry, but a 10% net profit margin is considered ok, a 20% margin is considered good, while a 5% margin is considered low.
Understanding your costs and being strategic with pricing is the most impactful way to improve your store profit margins. Here's a detailed guide : How to increase your profit margins on your online store.