There is no magic formula when it comes to pricing your handcrafted soap and skincare products. And if you’re using one, your approach might be too narrow. Pricing products can be overwhelming and confusing. Understanding what a profit margin really is, is the key to correctly pricing.
In this book I showcase the need to set proper goals for your company, understand what it takes to configure your product’s cost, account for all expenses as a company (both fixed and variable) and create pricing scenarios that will dictate potential profit margins. Because let’s face it, you’re in this to make money. Making soap and skincare products is the easy part. Finding your company’s true net profit margin is incredibly difficult. In 27 steps, this book shows you how to not only properly price your products but how to create a sound budget that guarantees profit!