If you’re a business owner, you should maintain a pricing sheet template. This is a very helpful and simple tool for customers for mapping out pricing before making purchases. The template may differ depending on the type of your business and your customers. Half of your work is made easy if the customers know the prices of products before approaching you for closing the deal.
Price Sheet Templates
What is a price sheet template?
Using a price list template gives your customer a clearer picture of the products you sell and the prices you charge. For customer convenience, you may add pricing sheets to your catalogs so that they can have an overview of your lists of products. Generally, this template includes:
- the item number
- a description of the item
- a photo of the item
- the price of the item
- optional quantity and inventory fields
You can also create several price lists that cater to different regions, sales channels or customer tiers. You can also maintain individual lists for different niches, target events or product lines.
Customers can readily decide what to buy based on their budget just by seeing the prices of the items. This eliminates any confusion on what items they’re buying along with the quantity. It also reduces the interaction between you and your buyers as they won’t have to ask you about product prices.
Furthermore, when you have a list with photos of your products, the visuals reduce the customer’s time in making a decision. Just make sure that your list has an attractive and professional appearance. The use of this sheet can help make your business more organized.
Price List Templates
Different uses of a price sheet template
Always consider not just the contents of your pricing sheet but also its design to make it more effective. A price sheet template can have different uses and knowing these will help you make a well-designed template. Before you utilize the sheet, you first must first understand how to use it:
- Customers use it for comparing prices
This is especially true for budget-conscious customers. They always want to compare prices before they make a purchase. To do this, they go over your pricing sheet and those of your competitors. That way, they can make more informed decisions when it comes to buying what they need.
To lure the customers into your camp, you may use the sheet to advertise and convince your customers to purchase from you. Of course, you have to make sure that you offer competitive prices.
- Use it to get an overview of your inventory
The basis for your template will be your inventory list. By doing this, you will hit two birds with just one stone – create your list while checking whether you have a full inventory or not.
As for your customer using the sheet gives them the opportunity to see all of the products or services that you offer. This is especially important for businesses that have a large selection of services or goods.
To make sure that all of your customers know how many goods you’re selling, you need to expand your customer base. You can achieve this through a price sheet – use it to make your customers aware of what your business has to offer.
- Use it to sell products or services remotely
These days, because of the internet, remote shopping has become more popular than ever and to many, it is now the “new normal” of shopping. Most customers today are so preoccupied that they don’t have the time to go out shopping.
Instead, they do it online. If you have a price sheet, buying from you will be more convenient and faster. You can send the sheet to interested customers and from there, they can do their shopping from miles away.
- Use it to inform your customers of updated prices
Always save your template in your computer after creating one. As such, you can add information or make some modifications as needed, especially on the prices of your products or services. If you punctually update your price list, this makes your customers more comfortable and as a result, they might feel more loyal towards your business.
How do you make a price sheet?
When creating a price sheet template, you can either have just one standard template or you can make sheets for each part of your business. Whichever way you prefer, there isn’t that much work involved when creating the draft of a price or rate sheet template. Here are some steps for you:
- Start with market research
Before you start on the template itself, you first need to develop a pricing strategy and this requires market research. This helps you determine factors like competitor prices, product-market fit, the willingness of your customers to pay, and more.
- Calculate your profit margins
There is a need to do a few calculations before starting to make the actual pricing chart template. Find out how much it costs to acquire or produce products. Consider these computations when making the sheet.
- Launch the software of your choice
To prevent confusion, add your business logo to the spreadsheet. This promotes your brand and protects your business.
- Add columns for your products or services
If you want to make things easier, go online, and download a template. You can also make your own template by using the software of your choice. Through the software, create columns for your products or services.
- Add a column for the prices
Add the corresponding columns then input the prices that correspond to your products or services. Each of the items needs a line of its own. You may also want to create columns or rows for details like discounts, item numbers, totals, and more.
- Add the contact details of your business
Remember to include your business’ contact details to make it easier for whoever will view the pricing chart template. If they have any inquiries regarding the content of this document, they can reach out to you.
Pricing Chart Templates
How do I create a price sheet in Excel?
If you are familiar with the Excel application, you can easily create a price sheet template with it. Open the software, insert a table, and include these essential details:
- Details about the number of products or services that you have included.
- A price for each product or service.
- The tax amount imposed on each of the products or services.
- An overall expenditure of your business.