Calculating My Cost Of Goods & Tracking Inventory

Hey enthusiasts and entrepreneurs! In today's video I will you how I calculate the cost of goods for my handmade soap using Inventora.
Inventora link - inventora.co/?via=charmeas
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/ charmedxhandmade
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[@bethjohnson1068]

Is the software called Inventory? I’m not seeing a link in the description.

[@charmedhandmade]

Sorry about that, here's the link: inventora.co/?via=charmeas

[@bethjohnson1068]

Thank you! I actually found it yesterday and already have my materials loaded in there. It’s a great upgrade from my excel spreadsheet. 19$ bucks a month not bad either!

[@charmedhandmade]

I definitely agree!

[@diagrier9963]

@@charmedhandmade Hello beautiful. I love/appreciate your videos and the wisdom you share with us. I need to know how do you put in your information into the site? For instance... When I make my soaps/butters/lotions, etc. I weigh everything in grams. However, most suppliers sell their products in pounds and or ounces. I'm confused on how to get the cost per item in grams, when I have to enter in the way the suppliers sell their stuff. Please help

[@royalsbeautyshopstore]

I screamed the whole time watching this. 🤯😲. COGS have been one of my biggest struggles.

[@foxybrown2k11]

You are truly a breath of fresh air 🌺. I've been in business over 30 yrs, but recently started a bath and beauty business, making my own handcrafted items. It started small until Faire (LOL), and then took off. Many times Artisans do not share (or half share) information that will help other Artisans, but I genuinely want to thank you from the bottom of my heart for the content you provide. I have been overwhelmed, but now have been able to make so many positive changes and not quit, simply because of the information and guidance you provide. Thank you, Thank you, Thank you ❤.....and I just signed up for Inventora, and looking forward to trashing my excel sheets, and soaking up more knowledge from you. ❤

[@Giizy23]

Love your videos🙌🏼 This one is my life saver, i was struggling wrighting down everything, and doind the calculations and this is game changer🙌🏼🙌🏼🙌🏼💯💯💯 Im so grateful one stress out of the line. Thanks so muchhhhh

[@OrganicCleanSkincare]

Oh, wow, I have just checked out your link. Thank you so much for sharing this valuable information. They even have a free version for us - who hasn’t launched the business yet. I am definitely gonna try it out. ❤

[@brittneydrummond5855]

Thank you!! I definitely NEED this

[@franciscacombey1306]

Thank you for your advice and insights. Very helpful 🥰

[@michellesteward8094]

Thanks, this was so helpful, definitely going to try this system

[@rochellewilliamsn923]

Omg that was a God sent, I'm going to try it out right now!!! Thank you

[@vrandles88]

Thank you so much for sharing this info. Blessings to you.🥰

[@meme03beauty]

Thank you for all the helpful information

[@kendraharer5753]

You are fantastic!

[@duckysmom9700]

Thanks for this information!!! I have never heard of this service. You are terrific

[@healinghandsholisticare]

I love this. Thank you. As I am just started this is a big help!

[@charminglyrella6909]

Thank you for this!! This is very helpful, and I can't wait to utilize the site.

[@ellielynn8219]

I just spent the last 4 days straight making sooo many Excel sheets with ALLL my ingredients and recipes and where I got it and cost per ounce etc…. 😅 ….well…. I’m glad I found this. Idk why I didn’t even think to Google is this type of software existed 🤦🏻‍♀️I’ll definitely be checking this out tomorrow, thanks for sharing! 😂🤦🏻‍♀️🤦🏻‍♀️🤦🏻‍♀️

[@RNatesha]

Thank you for this informative video. I will definitely check it out. I have been searching for something beginner friendly as a start up. TSM (Thanks so much)

[@SteadfastTrailFarm]

Yay!! Definitely going to utilize this! I have Shopify and our farm store utilizing square and currently have to put all my Shopify products on draft when I open up my farm store because I don't want to sell something I don't have!!!! Thank you!!! ~jc

[@prutprut2974]

I watch some video more what l like it how you smile 😂it so nice l smile olso with you😂

[@sudsnsatin]

thanks for sharing. Maybe I'll do this instead of paying for soapmaker 3.

[@JackieCreeks]

Hi Great information, will like to join them, but I have a question first. What if you have the same ingredients but they come from two different companies. How would it calculate that in and how would it pull it from your inventory when you the make your products. As I understand and you are giving information about the site you have to write out your recipe for each batch of products so how would you know which company supplier you’re pulling your ingredients from. I know both questions are a little bit the same but I want to make sure I understand that you were putting your recipe for each product that you are selling. Thank for you help

[@aa.2000]

you would have to add the different suppliers when you add the material, then when you add the recipe you would choose the correct material with the correct supplier. Hope I said that correctly and got what you were trying to find out!

[@JackieCreeks]

OK I think I got it, when I’m making my recipe, I’m listing the products with that company that I pull from my inventory, when you have different suppliers with the same product. So the software keeps up with it that I use and lets me know what to order 👍🏽 this is great 😊

[@JackieCreeks]

Thank you 🙏

[@islandgyol1045]

I would love to sell natural soap. But I need help on how to start and run my business wish I’ve someone to teach me. Nobody but myself in this world 🌎