YITH Cost of Goods for WooCommerce

A Plugin to know the profits of your products. A simple and powerful control tool that allows you to constantly monitor your ecommerce trend and analyze the relationship between product costs and your net income.

  • Current version: 1.2.14
  • Updated on: June 1, 2021
  • Author/Publisher: YITH

$8.00

YITH Cost of Goods for WooCommerce

NOT MONITORING THE COST OF YOUR PRODUCTS CAN MEAN THE FAILURE OF YOUR BUSINESS.

Many businesses fail because their owners, as a matter of fact, didn’t plan an in-depth analysis of the relationship between costs and revenues. It’s the story of Jonathan, who bought clothes abroad to resell them on his e-commerce.

The sale price was higher than the purchase price and that was enough for him to believe he had a fair margin of profit. But Jonathan, in his enthusiasm and inexperience, forgot something. He had underestimated his shipping costs, forgot about customs costs and the costs of labeling individual garments. His business, which also had all the potential to succeed,managed to hold together only for about three months.

The most popularly sold product of its e-commerce, a t-shirt that customers could choose to customize, was the cause itself for the total bankruptcy of its business: it may have high sales, but the cost of customization – that were also underestimated from the beginning – they completely cancelled the profit margin.

Jonathan’s story is the story of all the entrepreneurs for whom we created our YITH Cost of Goods for WooCommerce plugin.

A simple and powerful control tool that allows you to constantly monitor your ecommerce trend and analyze the relationship between product costs and your net income.
Through our panel you can include, for example, shipping costs, taxes, VAT charges, payment gateways and a 360 degree overview of your total costs: this will help you figure out which ones of your products have a higher margin of profit (which are not necessarily the ones that sell the most!), what kind of profit you will gain in case of promotions or discounts and which sale prices will cover all costs, especially those that often go unnoticed and that actually can make the difference in your business success.

Not the correct version?

Between thousands of products and growing daily, we may not always catch when a new version is released. If you notice a product needs an updated version, just click on the “Request File Update” right on the product page. Then click “Send the update request list” and send us the email so we can let you know when it’s been updated.  We work hard to get the file updated for you within 24 hours, but give us at least 48 hours before you send us a second message.

How to Use/Update:

How to install or update themes/plugins/extensions manually:

Install the Easy Theme and Plugin Upgrades plugin. You can download it for free  CLICK HERE or download from the “Add New” WordPress repository inside your wordpress installation.

Install and activate the plugin. Once activated, you can update any theme/plugin by simply uploading the .zip file.

1. Download the latest .zip file for the Theme/Plugin/Extension  you want to update.

2. Log into your WordPress website.

3. Go to Theme/Plugins > Add New.

4. Click the “Upload Theme/Plugins” button at the top of the page.

5. Select the .zip file with the updated version of the Theme/Plugin/Extension that you downloaded.

6. Click the “Install Now” button. And then “Activate”.

Important Info:

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