Many businesses feel the pressure to compete by lowering prices — but what happens when your price is lower than what it actually costs you to make the product? In this 60-minute workshop, you will learn how to calculate your Cost of Goods Sold (COGS) and use it to confidently price your products without guessing. Through real-life examples and simple exercises, you will uncover the hidden costs behind beadwork, clothing, food products, art, jewelry, and other businesses.
We’ll explore questions like:
- “Am I actually making money?”
- “Why does cash disappear even when sales are strong?”
- “What costs am I forgetting?”
- “How do I price my products without undercutting myself?”
You will walk away with:
- An understanding of COGS
- A basic pricing formula you can use immediately
- Greater confidence talking about pricing and profit
- Tools to stop competing only on price and start building a sustainable business
Bring one of your products and we’ll help you break down the real cost behind it!
There will be two options to attend this workshop:
Option 1: 12:00 PM MDT — In-person at the Shiprock E-ship Hub
Option 2: 2:00 PM MDT — Virtual on Zoom During registration, please indicate how you will be attending.