Many sellers think their cost is what they paid the supplier. Your real cost also includes transport, packing, payment fees and the delivery you don’t charge for. Miss these and your profit disappears.
Plenty sellers think say their cost na wetin dem pay supplier. Your real cost still include transport, packing, payment fee and delivery wey you no charge for. If you miss dem, your profit go disappear.
In this lesson you’ll learn
The costs most sellers forget
How to share one cost across many items
Fixed costs vs costs per item
Why your cost changes over time
Do it in 4 steps
1
Start with the buying priceWhat you paid per piece.
2
Add the trip and transportYour market trip or waybill, shared across the pieces you bought.
3
Add packing and feesNylon, box, label, and the payment fee on each sale.
4
Add any delivery you coverIf you give free delivery, it is your cost.
Your task
Pick your best seller and work out its real cost per item, with every cost in this lesson.
Pick your best seller and calculate the real cost for each one, with every cost wey dey this lesson.
Before you finish, tick theseTap to tick
Quick check
You bought 20 bags for ₦100,000 and paid ₦10,000 for transport. What does each bag cost you before packing?
₦110,000 divided by 20 bags is ₦5,500 per bag. Transport is part of your cost.