Set the price and cost

The price is what the customer pays. The cost is what you pay your supplier for each product.

When you have both, EcomWeb shows the profit and margin right below the cost field, so you know how much you earn on each product.

Set the price for a product without variants

1. Go to Products.
2. Click the product name.
3. In the Price and inventory card, enter the Price.
4. Enter the Cost per item. The profit and margin show below the field.
5. Click Save.

Profit is the price minus the cost. Margin is the profit divided by the price. Leave the cost empty if you don’t want to track it yet.

Set the price for each variant

A product with variants has a separate price for each variant, and the Price and inventory card no longer shows.

1. Open the product.
2. In the variants table, enter the price in the Price column of each row.

When the table is grouped by an option, a price entered on a group row applies to every variant in that group.

Set the cost for a variant

1. Open the product.
2. In the variants table, click the variant name.
3. At the bottom of the Inventory card, click the arrow More inventory settings.
4. Enter the Cost per item.
5. Click Save.

Change the price of several variants at once

1. Open the product.
2. Tick the variants you want to change in the variants table.
3. Click Bulk edit.
4. Choose Set price, Increase price, Decrease price or Set cost per item.
5. For Increase price and Decrease price, choose Fixed amount or Percent.
6. Enter the amount or the percentage.
7. Click Apply.

The new price is rounded to a whole number and never goes below 0.

Update the cost when you receive stock

When you receive goods from a purchase order, the variant’s cost is recalculated as an average. The stock you already have keeps its old cost, the stock you just received counts at the price on the order, and the two are combined by quantity.

For example, you have 10 units at a cost of 50,000 ₫ and receive 10 more at 60,000 ₫. The new cost is 55,000 ₫.