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Resources - page 5 of 5

Inventory management, manufacturing, and business strategy for small-batch product businesses.

Markup vs Margin: What's the Difference? [With Formulas]

pricing

Markup vs Margin: What's the Difference? [With Formulas]

Markup and margin sound like the same thing, but confusing them can cost you real money. Here's what each one means, how to calculate them, and which to use for your small-batch products.

· 15 min read
How to Increase Your Manufacturing Profit Margin — 6 Easy Steps

pricing

How to Increase Your Manufacturing Profit Margin — 6 Easy Steps

If you're a manufacturing business, it's important to know how to increase your profit margin. In this article, we'll share 6 easy steps you can take to boost your bottom line — from reducing manufacturing costs to improving sales and marketing.

· 14 min read
How to Factor Overhead Costs Into Your Product Pricing (With Examples)

pricing

How to Factor Overhead Costs Into Your Product Pricing (With Examples)

Most product businesses track their material costs carefully but completely forget about overheads. Here's how to factor those invisible costs into your pricing before they quietly eat your margins.

· 16 min read
Ways to protect your margin on Black Friday

marketing

Ways to protect your margin on Black Friday

Black Friday doesn't have to mean losing money. Here's how to run a successful sale as a product business without cutting into your margins.

· 13 min read
9 Pricing Mistakes Product Businesses Make (And How To Avoid Them)

pricing

9 Pricing Mistakes Product Businesses Make (And How To Avoid Them)

We cover 9 common pricing mistakes product businesses make — from not knowing your true costs to never reviewing your prices — and show you exactly how to fix each one.

· 15 min read
Pricing Psychology for Product Businesses — The Magic Numbers That Make Customers Buy

pricing

Pricing Psychology for Product Businesses — The Magic Numbers That Make Customers Buy

We show you how to use psychology and magic numbers in your pricing to improve your sales.

· 21 min read
Why is traceability important in manufacturing?

compliance

Why is traceability important in manufacturing?

Learn why you should ensure traceability is baked into your production and manufacturing processes, and what records your business needs to do it properly.

· 3 min read
What does GMP stand for in Manufacturing?

compliance

What does GMP stand for in Manufacturing?

GMP stands for Good Manufacturing Practice: guidelines covering documentation, facilities, equipment, and traceability. Here's what it means for small manufacturers.

· 19 min read
How Much to Mark Up Products — Markup Formula Guide

pricing

How Much to Mark Up Products — Markup Formula Guide

How do you find the right markup for your product that both attracts customers and makes a profit? This guide walks through the formula, percentage vs absolute markups, and worked examples for product businesses.

· 22 min read
WooCommerce Inventory Management: What It Does, Where It Falls Short, and How to Fix It

inventory management

WooCommerce Inventory Management: What It Does, Where It Falls Short, and How to Fix It

WooCommerce has decent built-in inventory tools, but if you make what you sell, they run out of steam fast. Here's what you get, where it breaks down, and what fills the gap.

· 15 min read
Why Cake Makers Need Inventory Software (Not a Spreadsheet)

inventory management

Why Cake Makers Need Inventory Software (Not a Spreadsheet)

Most cake makers set prices without knowing their real costs and order ingredients without tracking what's on the shelf. Here's how inventory software fixes both, and when it's time to stop using a spreadsheet.

· 19 min read