Setting a Minimum Price on an Item

A minimum price ensures the total price, including full quantity, meets or exceeds the minimum. If the total doesn’t meet this threshold the markup will be adjusted.

Steps to Set a Minimum Price

1. Go to Item Settings:

• Go to the item you want to set a minimum price on.
• Click the item icon to open its settings.
  

2. Find the Minimum Spend Option:

• Scroll down the unit pricing section.
• At the bottom find and click the "Add Minimum Spend" button.
  

3. Set the Minimum Price:

• Enter the minimum price in the field provided. For example $1,500.
  

4. Review the Pricing:

• After setting the minimum price review the pricing.
• Make sure the price to the customer reflects the minimum price set even if the combined unit cost and unit price is lower.

Example

Item has a combined unit cost of $500 and unit price of $714.29. Minimum price set to $1,500. Final price to customer will be adjusted to meet this minimum so you make a profit.