Finances
💎 Built for Sidekick
âš¡ Sidekick does this for you
shopify
sidekick
finances
pricing
strategy
Build Pricing Strategy Calculator
Pull my last 90 days of orders and report gross margin by product via ShopifyQL, then use it to recommend pricing across cost-plus, competitive, and value-based models.
📋 Prompt
Pull my last 90 days of orders and report gross margin by product using ShopifyQL. Use those real numbers as the cost/margin basis below, then give me pricing recommendations (this second part is strategic advice, not a live data pull):
Business Context:
Store niche: [YOUR NICHE]
Brand positioning: [BUDGET / MID-RANGE / PREMIUM / LUXURY]
Primary competitors: [LIST 3-5 COMPETITORS]
Target customer: [DESCRIBE YOUR TARGET CUSTOMER]
Current pricing method: [COST-PLUS / COMPETITIVE / GUT FEELING / OTHER]
Cost Basis (Per Product or Product Category):
Product cost (COGS): use the live ShopifyQL margin pull above where available, otherwise [AMOUNT PER UNIT]
Inbound shipping per unit: [AMOUNT]
Packaging cost per unit: [AMOUNT]
Total landed cost per unit: (calculated)
Target gross margin: [TARGET PERCENTAGE, e.g., 60%]
Pricing Methodologies to Apply:
Cost-Plus Pricing:
Landed cost + target margin = minimum price
Calculate for margins of [40%], [50%], [60%], [70%]
Competitive Pricing:
Competitor prices for equivalent products: [LIST KNOWN PRICES]
Position relative to competitors: [BELOW / MATCH / ABOVE]
Justified premium or discount percentage
Value-Based Pricing:
Unique value propositions: [LIST WHAT MAKES YOUR PRODUCT SPECIAL]
Customer willingness to pay (based on market research or testing)
Price anchoring strategies
Psychological Pricing:
Charm pricing (.99 vs .00)
Price tier recommendations for product line
Decoy pricing for bundles
Dynamic Pricing Considerations:
Seasonal price adjustments: [LIST SEASONAL PRODUCTS]
Sale pricing floor (minimum price to maintain profitability)
Volume discount tiers for bulk buyers
Geographic pricing differences by market
Price Testing Plan:
A/B test methodology for price changes
Which products to test first: [HIGH VOLUME / NEW PRODUCTS]
How to measure impact on conversion rate and total revenue
Timeline for price experiments
Discount Strategy:
Maximum sustainable discount percentage by product
Discount frequency recommendations
Impact of discounts on perceived brand value
Loyalty or VIP pricing tiers
Output:
Pricing recommendation for each product or collection: [LIST COLLECTIONS]
Price comparison matrix vs competitors
Projected revenue impact of recommended price changes
Implementation timeline for price adjustments
Provide a pricing calculator template I can reuse for new products.
How to Use
- 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