1. Home
  2. Docs
  3. Cost of Goods Sold (COGS)...
  4. How To
  5. Product Shortcodes for Profit and Cost

Product Shortcodes for Profit and Cost

pasted image 0 52

pasted image 0 1 14

pasted image 0 2 10

In the dynamic world of eCommerce, understanding and managing your product’s profitability is crucial. Cost of Goods WooCommerce, a popular eCommerce plugin

for WordPress, offers a variety of tools to help store owners track and optimize their profits. Among these tools are specialized shortcodes designed to display product profit and cost directly on your product pages. Let’s dive into how these shortcodes work and how you can customize them to fit your needs.

 Displaying Product Profit with [alg_wc_cog_product_profit]

The shortcode [alg_wc_cog_product_profit] is a powerful tool that allows you to display the profit for a specific product. Profit is a key indicator of your product’s financial health, showing the difference between the cost of goods sold (COGS) and the selling price.

Parameters

 product_id: Specifies the ID of the product. If left empty, the shortcode will automatically target the current product being viewed.

 profit_template: Sets the format for displaying profit. The default template is %profit% (%profit_percent%), which shows both the absolute profit and the profit percentage.

 html_template: Determines the HTML structure surrounding the profit display. The default is <span class=“algwccogproductprofit”>{content}</span>, wrapping the profit information in a span with a specific class.

 Displaying Product Cost with [alg_wc_cog_product_cost]

Similarly, the shortcode [alg_wc_cog_product_cost] can be used to display the cost associated with a particular product. Knowing your product costs is essential for pricing strategies and profitability analysis.

Parameters

 product_id: Identifies the product by its ID. If not specified, the shortcode defaults to the product currently being displayed.

 html_template: Defines the HTML format for the cost display, with the default template being <span class=“algwccogproductcost”>{content}</span>

 Customization and Administration

Store administrators can easily customize the appearance and behavior of these shortcodes. By accessing the WooCommerce settings and navigating to the “Cost of Goods” tab, users can modify the shortcode parameters to match their store’s design and reporting needs.

Whether you’re aiming to provide transparency to your customers or need a quick way to monitor product profitability, these shortcodes offer a flexible solution. By leveraging the [alg_wc_cog_product_profit] and [alg_wc_cog_product_cost] shortcodes, WooCommerce store owners can enhance their product pages with valuable financial insights, directly influencing better business decisions and strategies.

 

Cost of Goods Sold (COGS): Cost & Profit Calculator for WooCommerce

Tags