There’s no better feeling than hearing the cash register chime from your phone when you first start running your business. It’s fun and exciting!
But as you continue to run your business and you find yourself struggling to write yourself a paycheck, the fun seems to stop. You start to question why you’re doing it and if you’ll ever get a paycheck.
I know from years of running my businesses that if I don’t get this one thing right, I have no chance of getting a paycheck from my new Shopify store.
Check out the video below as I go through how to:
- Calculate the amount of margin you need in $
- Set your minimum viable average order value (so you can pay yourself)
- Change your pricing strategy to set yourself up for success
If you have questions, comment below and ask me!
So, here’s what I need you to do next.
First, sign up to get updates in your inbox:
Then, be sure to Like and Follow my page on Facebook. I’ll be posting regular updates there!
That’s it! It will be a fun adventure, all the way from 0 to $50K on Shopify!
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This is a great one Susan!!! Thank you 🙂
Thank you! This was a great information. Can I apply this to a service business?
Thank you, this is great advice and the visuals really help!
I did wonder whats the best app to use to bundle products?
Merle, this would be a good question for the Facebook Group.
I would probably not use an app, but instead, create the products I want to sell.
I wonder whether this would work with jewelry – I will try different bundles and see. Maybe
Necklace + earrings
Bracelet + earrings
Bracelet + Necklace
instead of trying to sell them separately.
This was awesome! thanks for the tip! Such a great way to look at the issue from another point of view.
How do you calculate your cost to ship? Just sum all expenses and divide by average monthly orders?