The essential tool for monitoring the cost and profit margin of your products You can find the nulled version of the YITH Cost of Goods for WooCommerce Premium below.
Subtract costs from revenue and you get profit, your actual profit. It seems like an obvious concept, yet we often forget it when launching an e-commerce store and start selling online.
Maybe you wonder why your profit margins are so low when sales are going well. You wonder why, in spite of getting 50 orders a day, your business keeps losing money day after day until the company’s balance sheet is in the red.
The reason is almost always there, hidden in the folds of those costs you haven’t considered.
Therefore, when selling products in an online shop, a control tool that allows you to constantly monitor the performance of your e-commerce and analyze the relationship between product costs and net revenue becomes essential.
With YITH Cost of Goods, you can quickly and easily keep track of all your real costs (shipping, taxes, VAT, fees from various payment methods, etc.) and get a clear overview of which products have a higher profit margin (and are not necessarily the ones that sell the most), how to optimize inventory by removing products with too high costs from the sale, and what is the right selling price that covers costs and generates a real profit.
Not just a plugin but a real analytical tool that can make a real difference to the economic success of your e-commerce store.
What the plugin doesQuickly and easily monitor the real profit margin on the sale of your products.
How you can benefit from it:
- Easily monitor the real cost of the products you sell;
- Set the correct selling price based on the costs to be covered;
- Identify and eliminate loss-making products from the catalog;
- Build effective marketing campaigns on products that have a high profit margin;
- Identify which products do not generate optimal earnings despite the number of sales to define pricing strategies to increase profits.
https://yithemes.com/themes/plugins/yith-woocommerce-cost-of-goods/
