Hub/Finances/Calculate Profit Margins by Product
Task IntentFinances

Calculate Profit Margins by Product

Calculate and compare profit margins across all products, collections, and variants to identify your most and least profitable items.

What This Sidekick Query Does

Calculate and compare profit margins across all products, collections, and variants to identify your most and least profitable items.

Prompts

Copy, adapt, and run this directly in Shopify Sidekick.

Help me calculate and analyze profit margins across my Shopify store:

Store Details:

  Store niche: [YOUR STORE NICHE]
  Number of products: [APPROXIMATE PRODUCT COUNT]
  Primary currency: [YOUR CURRENCY]


Per-Product Margin Calculation:
For each product (or a selected collection: [COLLECTION NAME]), calculate:

  Selling price (after any standing discounts)
  Cost of goods sold (material, manufacturing, sourcing cost)
  Shipping cost per unit (average or actual)
  Transaction and payment processing fees
  Gross margin = (Revenue - COGS) / Revenue
  Net margin = (Revenue - COGS - Fees - Shipping) / Revenue


Margin Breakdown Views:

  Top 10 highest-margin products (percentage and dollar amount)
  Bottom 10 lowest-margin products (flag any negative margins)
  Average margin by collection or product type
  Margin comparison: full-price orders vs discounted orders
  Margin trend over [LAST 30 DAYS / LAST QUARTER] – are margins improving or declining?


Discount Impact Analysis:

  How much do active discount codes reduce your effective margin?
  Which discount campaigns eroded margins the most?
  Recommended minimum price or maximum discount to maintain [TARGET MARGIN PERCENTAGE]% margin


Actionable Recommendations:

  Products to consider repricing (too low margin for their sales volume)
  Products where shipping costs are eating into profit disproportionately
  Suggestions for bundling low-margin items with high-margin items
  Identify products where a small price increase would significantly improve margin


Present results in a clear table format with dollar amounts and percentages.

Expected Output

Calculate and compare profit margins across all products, collections, and variants to identify your most and least profitable items.

Tips to Improve Results

Copy the prompt above
Open Shopify Sidekick in your Shopify admin
Paste the prompt and replace the bracketed placeholders with your details
Review Sidekick's response and apply the suggestions