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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.

Go to Item Settings:

  • Go to the item you want to set a minimum price on.

  • Click the item icon to open its settings.

Scroll down the unit pricing section.

Find the Minimum Spend Option:

  • Scroll down the unit pricing section.

  • At the bottom find and click the “Add Minimum Spend” button.

Set the Minimum Price:

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

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.