How can i set up my Pricefox formula?
Pricefox guarantees you an accurate formula that calculates all of your fees and give you the right amount of your net profit.
Now how can i set up my formula and what all these fields mean?
Default Listing/Repricing Quantity: In this field you can select the default quantities for listing or repricing.
Vendor Fees Rate(%) (VFR): It’s the state taxes (basically for US market) and it adds this percent to the cost price. Most states have these taxes, but some not.
It’s suggested to add a value between 0% – 10% (10% is the maximum value that a state has).
Profit Rate(%) (PR): It’s the preferred net profit in per cent.
Fixed Margin($) (FM): This fixed margin replaces the profit % and it gives you the net profit in amount, and not to per cent.
Min Margin($) (MM): This minimum margin replaces the Profit % or the Fixed Margin if both of them is lower than the Min Margin (it gives you again the profit in amount, and not to per cent).
Paypal Fees Rate(%) (PFR): As it’s known, PayPal fees have this type: for example 3.4% + $0.2 This field is about your PayPal fees in percent.
Paypal Fees($) (PF): As it’s known, PayPal fees have this type: for example 3.4% + $0.2 This field is about your PayPal fees in amount.
Selling/Other Fees Rate(%) (SFR): Here you can add your eBay fees or any other fees that be counted on the final selling price.
Include Suppliers shipping: You can choose if you want by the formula to calculate the shipping cost which Pricefox supports from the supported suppliers.
[SOS]: It’s very important for everyone to understand that you can create as many formulas you want and use them of course, BUT each product has its own formula.
For example if i have set up all of my listing with my default formula, i can update one listing of them and choose for example a different profit % or any field of my formula.