The Fulton365 team has managed more than 100,000 product SKUs at various times.
Setting price points of products is one of the most important decisions you will make as a business owner. And there are variables that must be accounted for in your modeling that, if overlooked, will cost you significantly in the long term. It's easy to lower pricing, but very difficult to raise pricing, so you need to make sure that your pricing model accounts for everything at the time of product launch.
Fulton365 will deliver a pricing audit that will include the following:
Suggested retail price
Maximum discount price
Margin forecast
Competitive landscape analysis
Full cost components that include:
COGS
Shrinkage
Potential return cost
Warranty cost
Damaged product cost
Yield factors
Shipping costs
3PL costs (when used)
Packaging costs
Assembly costs
All delivered in an Excel spreadsheet with driver cells that can be adjusted to gauge impact of various hypotheticals for final pricing decision making.
We are e-commerce owners helping e-commerce owners. While we can show you how to avoid expensive mistakes that we have made, we will also share our own best practices, making us an experienced consultancy based on real data, not hypothetical insights from consultants that teach, but never execute with their own money, at their own risk.
