Adding Product Prices in SellerMagnet (Creating Batches)

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Adding Product Prices in SellerMagnet (Creating Batches) - Tutorial

By Unknown | 5 min read

Adding product prices in SellerMagnet is essential for accurate profit calculations and a better overview of your purchases and inventory. By accurately recording purchase prices and inventory quantities, you ensure that profit calculations are precise and that you maintain a clear view of your stock levels.

1. Navigate to the Products Tab

To add your product prices, go to the Products tab at https://dashboard.sellermagnet.com/products. Here, you’ll find a list of all the products you manage in SellerMagnet.

2. Select the Product and Click 'Manage Batches'

Select the desired product by clicking the three dots next to the product name. In the dropdown menu that appears, choose 'Manage Batches.' A popup will open, where you can enter the purchase prices and inventory batches for the product.

3. Add Purchase Batches and Product Prices in the Popup

In the displayed popup, you can enter all relevant information about the purchase batch. Here’s an explanation of each field:

Batch Name: Enter a name for the batch, e.g., 'April Batch' or 'First Delivery'.
Total Units: The total number of units purchased in this batch.
Unit Net Cost: The net purchase price per unit.
Unit Tax Cost: The tax per unit.
Unit Shipping Cost: The shipping cost per unit.
Unit Payment Fee: The transaction cost per unit.
Unit Customs Cost: Any customs costs per unit.
Unit Additional Cost: Any additional costs per unit.
Arrival Date: The date the batch arrived in the warehouse.
Currency: Select the currency in which the prices are listed, e.g., Euro (€ - EUR).

4. Click 'Create' and Save Product Prices

After entering all information, click 'Create'. The purchase prices and inventory information are now saved for future orders of this product.

Tip: Fixed Purchase Price for All Orders

If you don’t want to create separate purchase batches for a product but instead set a fixed purchase price for all orders of this product, simply create a batch with 99999 units. This way, this purchase price will be used for all future orders of this product.

Conclusion

Adding product prices and managing batches in SellerMagnet is a straightforward and effective way to optimize profit calculations and inventory management. By entering precise details on purchase prices and stock, you ensure that all relevant costs are accounted for, helping you make well-informed decisions for your Amazon business.

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