Product Costs
Adding costs to your products on Palmetrics allows you to see accurate profit estimations across your sales and pricing decisions.
Why add costs?
- Accurate profit margins — See your true profit per sale, not just revenue
- Informed pricing decisions — When setting or adjusting prices, you can immediately see the impact on your margins
- Auto-pricing insights — When using auto-pricing, the projected profit shown for your min and max prices reflects your actual cost
How to add costs
You can add costs to your products in two ways:
Manually on Palmetrics
- Navigate to the Products page
- Click on a product
- Enter the cost for the product
Automatically via Cost Sync
If you manage your costs on Shopify or WooCommerce, you can have them automatically pulled into Palmetrics using Cost Sync. This keeps your costs up to date without manual effort.
How costs are used
Once a product has a cost, Palmetrics uses it to calculate:
- Projected profit on the auto-pricing setup (min and max price ranges)
- Profit per sale on the Sales page
- Markup percentages if you use markup-based pricing