PRICE-O-MATIC
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PRICE-O-MATIC

Software that crunches true product costs for you? Indeed. Goodbye, calculator. Sayonara "educated guesses." Life will never be the same!
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Can we get real for a minute?


When I first started my product-based business over a decade ago, I guessed at my numbers.


I didn’t know what it truly cost me to bring a product to market.


I sort of followed the crowd when it came to pricing.


I ran promotions and offered volume discounts without knowing if there was actually money left in those deals at the end of the day.


And I lost my ass. Far more often than I care to admit…


I was spinning my wheels more than necessary. I was making less money than I should have been. I was stressed the hell out and missing key opportunities. And then I tagged in my husband to help devise a software solution which became my secret weapon in building a seven-figure, product-based business. It radically changed the way I operate and now I’m doing-cartwheels-excited to share it with you.


Meet Price-O-Matic: my cost-tracking, profit-ensuring, price-strategy-defining weapon of mass satisfaction. It’s my go-to-tool for funneling creativity into dollars. For quickly and almost effortlessly determining if a new sales channel is going to drive me mad or help put my kids through college. And because I’m a big fan of pretty packages, it looks fabulous, too. With its attractive facade, you'd never know it has the heart of a spreadsheet. Think: fun colors, handy visuals (hello pie charts and bar graphs!) and clutter-free screens to help you process the information without blowing a circuit.

WHAT CAN PRICE-O-MATIC DO FOR YOU?

• Create + maintain a database of suppliers so you can order raw materials more quickly and with ease.

Build + store product formulas
(if you create anything, you have a formula)… hello organization!

• Calculate the cost of raw materials, packaging, labor, payroll taxes, overhead expenses and delivery fees. We’re talking truly comprehensive product costs in a way you’ve probably never seen them before.

• Empower you to develop a pricing strategy that ensures profit. Aren’t you tired of leaving money on the table?

• Put the selected pricing strategy into action to further develop pricing structures for retail, direct wholesale, commissioned sales and international distribution.
You can click a few buttons and know- literally, within seconds- if a potential deal would prove profitable. Oh, operating and negotiating from a place of power feels mighty good, too.

• Determine the potential profitability of promotions. No more guesswork!

• Highlight the top cost drivers of each formula so you can quickly + easily recognize opportunities to save some moolah
.

• Generate printer-friendly product expense + profitability reports. Record-keeping has never been so deliciously easy.

• Save your sanity and make you craptons of money. Yes, I said “craptons.” I put it in writing and you’re welcome to quote me.

If you make things (scarves, stationery, bath bombs, earrings, pillows or ceramics) and you want to sell those things (to shops, to spas, to department stores, through sales reps or on the international stage), then you're going to adore Price-O-Matic. Within the first hour of using it, you’re totally going to want to kiss the developer (who just-so-happens to be my husband). Please don’t... though I’ll be happy to pass along messages of appreciation.

PRICE-O-MATIC WILL REVOLUTIONIZE THE WAY YOU DO BUSINESS

Save Time
Calculations that once took hours will now take just seconds. Product launches are easier and faster.

Increase Organization
All of your pricing data is centrally stored and brilliantly arranged.

Minimize Frustration
Say "farewell" to calculators, scrawled notes and pricing headaches.

Boost Your Competitive Edge
You'll know exactly where you stand with those numbers, enabling you to be nimble + accurate when vetting potential deals.

I CREATED THIS SYSTEM FOR ENTREPRENEURS LIKE US

Over the last decade, I've grown my tiny, home-based bath and body business into a burgeoning company with millions of dollars in sales, a 7500 square foot manufacturing facility and an amazing staff who count on my employment to pay their rent and put dinner on the table. Though I live for the hustle and call myself a “dyed-in-the-wool entrepreneur,” I shrink away from spreadsheets like Little Miss Muffet after she sees that damned spider. Somehow, I married an engineer (long, beautiful story!) who delights in mathematics, synthesizes information with ease and gets excited about data management. He’s the yin to my yang and the secret weapon in my entrepreneurial arsenal.

For the past ten years, I’ve frequently come to him in the throes of a panic:

I want to launch this shiny new thing, but I’m not sure if I can make money on it.

I know you keep telling me that I need to include overhead costs in all of my calculations, but how in the hell do I actually do that?

I have a potentially HUGE distribution deal, but they want xyz discount.  If I offer my products using that pricing structure, is it simply going to keep me busy or is it going to make me money?

I need holiday promos. Stat! Pretty please help me understand how these potential promo offers affect my bottom line.
(*insert batting eyelashes*)

My husband usually takes a deep breath, hands me a glass of vino, retreats into his office and emerges victorious with a tool that automatically does precisely what I need. Tell me: how much do we love that man? I finally asked him to assimilate all of that entrepreneurial spreadsheet goodness into an innovative software package designed specifically for makers who want to clear handsome profits while making über-amazing creative goods. And that's how Price-O-Matic came to be. It's smart software for savvy entrepreneurs who are in the midst of building empires. 

PRICE-O-MATIC INCLUDES AN ARSENAL OF AWESOME BUSINESS TOOLS

Put yourself in the driver’s seat of your business financials with Price-O-Matic and I’ll deliver all of this goodness directly to your inbox:

The Mechanics Of Product Pricing Workshop
This 2-hour video workshop decodes the mystery of crunching product costs.

• A Library of Price-O-Matic Video Tutorials
Enjoy comprehensive video walk-throughs of the software's features + functionality so you can hit the ground running.

• The Price-O-Matic Software
Build + Cost + Analyze + Strategize any creative product...without ever picking up a calculator. Hallelujah!

• Two Worksheets
Organize your data for easy entry into Price-O-Matic software.

• Free Lifetime Upgrades
Once you get your paws on Price-O-Matic, you'll enjoy every single new + bigger + better version we ever launch. For ever and ever, amen.

• Complimentary Tech Support
From the most handsome + patient man I know (who also happens to be my husband). He designed the software itself + knows it like the back of his hand.

 

Imagine discovering your true products and finally understanding how to mint money like a mogul. And you can do it all with a glass of vino in hand, snuggled into your pajamas and with complete confidentiality.

HERE’S WHAT YOU NEED TO POWER PRICE-O-MATIC

We recommend carefully reviewing the system requirements before purchasing the Price-O-Matic system to ensure compatibility. Once the system has been dispatched, we’re unable to offer refunds due to system incompatibility. Questions about whether or not Price-O-Matic will work on your machine? Contact tech support and we'll be happy to get you squared away! Please note: You must have Microsoft Excel to power the Price-O-Matic system.

 

For Mac: Price-O-Matic is only compatible with Microsoft Excel for Mac 2011. It is NOT compatible with Pages (for Mac or iOS). It is also NOT compatible with Excel 2016 for Mac. Unfortunately, that Excel release has been hella buggy and the graphics needed for Price-O-Matic don't come through properly on Excel 2016. That fix has to come from Microsoft and we're hoping they come through soon!

Supported OS: OS X v10.8 (Mountain Lion) and OS X v10.9 (Mavericks). Earlier versions of OS X should work so long as Microsoft Excel 2011 for Mac is installed (will be supported on a “best effort” basis).

For PC: Price-O-Matic is compatible with Microsoft Excel 2007, 2010, or 2013 (or Excel as part of Office 2007, 2010, 2013 or 2016). This program is (regrettably) NOT compatible with Excel 2003 (or earlier), Excel 2016, or Office RT.

Supported OS: Windows XP, Windows 7, Windows 8, Windows 8.1 and Windows 10. Please note that Price-O-Matic is not supported on Windows RT.

Other devices (tablets, Apple iPad, other mobile devices): Price-O-Matic is NOT supported on these devices unless they meet the requirements for either PC or Mac.

All devices require display dimensions of at least 1024x768 (recommended: 1280x1024 or greater).

GET THE PRICE-O-MATIC SYSTEM IN YOUR HOT LITTLE HANDS

You could be in control of your numbers by this time tomorrow… ‘tis true! A serial number and personal license will be attached to the software itself and we’ll send a special Welcome Email your way within 24-48 hours of purchase. That email contains the software itself, the worksheets and the links + passwords necessary to access both the pricing workshop video and the video tutorials. We'll tuck those worksheets, the video workshop and the tutorials into your personalized classroom here on the Lucky Break website, so you can revisit them as needed, too.

Your purchase of Price-O-Matic software is subject to the "Limited License of Use for Digital Products" parameters as described on the Client Concierge page.

Reviewed by
01/12/2017 - 03:06:37 PM
Really Like this Product
Very handy costing, pricing, profitability, volume discounting system.
Reviewed by
04/27/2016 - 03:15:55 PM
Whoop, There It Is!!!
DO NOT start a business without this! Knowing your numbers is Priority One.

Pop your info into POM and Whoop, There It Is! You'll instantly know if your product is profitable. Spend a little time with the tutorials, gather your info and you'll be on your way in no time. I can't stress enough what a lifesaver this program is. I wish I had bought it software several years ago.
Reviewed by
04/22/2016 - 04:20:24 PM
No!
No you didn't create something soooooo good and soooooo juicy for my business.

Why Yes You Did!

I thank you ten times over.

I have been losing money for a long time now and the POM showed me just that. I was able to adjust my numbers for booming profits.

I really thought I had my numbers in the bag but I was wrong. If you don't get the Priceomatic just imagine how much money you're throwing away in the trash.


Grow your money with The Priceomatic!

Best

Venessa
Reviewed by
04/04/2016 - 03:43:45 PM
My Hairdresser Thanks You
Price-O-Matic has not only saved me time and money, it has saved me a lot of gray hairs! It has changed the trajectory of my business savings account upward and the stress level way down. Being able to rest knowing I have all the bases covered is a fantastic feeling and the fact that you'll always get the newest and greatest version makes this purchase a no brainer!
Reviewed by
02/25/2016 - 04:30:17 AM
THE BEST SOFTWARE EVER!!!!
Words can not describe how happy I'm with price-o-matic, I used to go crazy trying to calculate my products cost, and after hours and hours and months…just to find out that i had so many mistakes, i was definitely stock not just once but over and over again!!! i used to hate calculating my products cost, but now I'm in haven!!! it is so easy and fast. I definitely recommend this software
Reviewed by
01/26/2016 - 05:16:44 PM
Significant Time Saver
Thank you so much for creating this wonderful program. I am a new business owner with very little knowledge of how I should price my items for success. Price-O-Matic has saved me time and stress, while giving me some needed confidence in discussing my pricing. Last, the program is fun.

Thank you, this program was such a wonderful and wise investment.
Reviewed by
08/24/2015 - 05:27:43 AM
#ducksinarow
So glad that I finally carved out some time purchase this system and discover what my numbers really are.
Things can get pretty crazy around the studio but I'm feeling much better about all of the work that goes on around here after entering my figures into POM and really getting a handle on my numbers. This program allows me to punch in the numbers where I want them to be and then clearly see where I need to make the neccessary adjustments to get them there. I love this program and look forward to being able to launch our new products without all the scary guesswork!
Thanks Lela and that brilliant husband of yours!
Reviewed by
03/12/2015 - 11:11:08 PM
Game Changer
I was spinning my entrepreneurial wheels for a couple of years before Price O Matic showed me that although I was putting in the long hours and doing the work, I had myself a very expensive hobby, not a sustainable business. This software is a game changer. Simple to install, simple to understand, simple to use. I do not do anything, ANYthing now without first consulting Price O Matic and knowing my bottom line before I start a project.
Reviewed by
03/12/2015 - 04:51:33 PM
You Need This Tool - trust me!
This is a must have for any maker that is trying to run a profitable business. I thought I was pretty good at pricing - turns out, I was only half as good as I thought I was. POM will have you factor in all sorts of important things that you never thought of. WELL worth the money. Love this tool!
Reviewed by
03/12/2015 - 02:21:46 PM
Game Changer
It's hard to be honest with ourselves about our COGS sometimes. In fact, the majority of makers I've talked to (myself included), vastly underestimated the cost of making their product before really sitting down and crunching the numbers. But here's the thing--even when we crunch our numbers, there are things sometimes we forget to take into account.

Overhead. Payroll taxes (or projected payroll taxes for that blessed day we'll be able to hire someone!). R & D time.

Price-O-Matic takes those things into account--and while the initial shock of those costs might necessitate a deep breath (and possibly a stiff drink), the benefits of working those costs into your pricing structure saves you oodles of $$ down the road. I know this, because I have two businesses. I got Price-O-Matic halfway through owning one and had to drastically change my prices after two established years, because Price-O-Matic helped me to understand while I was still barely treading water. I started the other business, however, with Price-O-Matic already under my belt. So from the get-go, I took certain things into account when pricing my products--and it saved me a ton of headaches down the road.

Price-O-Matic is a game changer. It's an incredible tool and can absolutely help you wrap your mind around pricing. In addition, its various tools to help you price for various distribution models can help you plan far into the future.

So, so, so worth the money you pay for it. And then some. Highly recommend!
Reviewed by
03/12/2015 - 01:58:58 PM
Game Changer
We wanted to grow, which means we needed to stop guessing. POM took away all the guess work and hard work involved in trying to figure out all the numbers. I feel so much more confident, thank you Lela!
Reviewed by
01/17/2015 - 06:59:39 PM
You need this!
Make sure you have a relatively new version of Excel to run this! I can't recall if the requirements were listed on the earlier version of this page, but I run a Mac and I tried this with Pages and then with OpenOffice -- you CAN run this, but you won't get the full experience! You can now get a subscription to Excel monthly, so it is worth getting it to run the full Price-O-Matic.

I already went through a big pricing upgrade of my products early last year, having not changed my prices in over ten years! (Yes, hanging my head in shame: I was busier than ever, but losing money!) The ease of reviewing prices using Price-O-Matic cannot be under-stated and with this, you have no excuse for reviewing your COGs and pricing structure.

My products tend to be ingredient heavy, so the only pain is to enter all the raw ingredients. Once that is done, its easy and intuitive to use every aspect of Price-O-Matic.

I would like to see: an easy way to change the batch size and a way to control inventory... both would probably be pretty easy to add in a future version.

Is it worth it? Despite the fact that I am a do-it-yourselfer in almost every aspect of my business and I am very spendthrift, this was a great investment! I now know that I am selling a few items at a loss at wholesale! I can't necessarily raise prices on everything, but I know what I shouldn't sell at wholesale. I also can see where I might cut some corners to make the numbers better.

Hat's off to both Lela and her husband for creating an easy-to-use product that truly lets creators get a grip on their pricing! The starving artist scenario sucks, and Price-O-Matic will help give you confidence to price you products appropriately to give your customer value and you an actual profit!
Reviewed by
06/26/2014 - 05:54:07 PM
I can use my Mac!
I really liked the first version of Price-O-Matic, but I am loving this Mac compatible version. Now I can do everything on one computer, super easy peasy and with beautifully fun graphics. Numbers have never been so much fun.
Reviewed by
06/18/2014 - 06:28:28 AM
COGS can be your new friend
I was blessed to receive Price-O-Matic last year. I had thought my pricing was OK & profits were OK but was still not making what I thought I should. This program is a real eye opener to all the intricacies of pricing & really building your empire. I cannot say enough good things but when you have all you need to know in one pricing program you are well on your way to ruling your business. I also just upgraded & the changes made to improve have made several tasks easier to manage. You gotta get it! Marilyn Ritual Waters
Reviewed by
06/07/2014 - 10:17:21 PM
Above my expectations
I have used several other programs to help figure out the cogs but this program in my opinion covered all of the bases. Immediately after running my numbers I realized that I made some major pricing mistakes which would have hurt me in the future. It is really worth the investment.

Yolanda
Reviewed by
05/31/2014 - 01:47:36 PM
Worth every penny!
This software takes all the headache out of crunching the numbers if you sell products. You will know your numbers with a click of a button (after a little data entry). I was in love with the old version, but the upgraded version is even better and now MAC compatible! It is so easy to use and a huge time saver going forward because it keeps all of your suppliers, products and numbers nice and tidy making edits/updates a breeze. Worth every penny!
09/16/2013 - 09:09:49 AM
One of the best purchases I've ever made for my business
When I first saw Price O Matic, I thought, eh, I've got my pricing down, I don't need that. But something made me keep going back to it. Although I had a formula for pricing that I thought covered all my bases, I still always had this nagging feeling that I needed to be sure. What happens when my business grows to where I want it to be and I'm selling though big stores and distributors - how do I figure out that type of pricing? I wasn't clear on that either. So I went ahead and purchased the software and am SO glad I did. There were in fact things I overlooked in calculating my prices and this software showed me that. It's so easy to use and comes with incredibly useful tutorials. Those alone are worth the price of the software in my opinion. And when I had a few technical hiccups, I received help right away. If you're on the fence about buying this, go for it. The ease with which you can create myriad pricing scenarios with Price O Matic will make your life so much easier and it takes every ounce of guesswork out of the entire process. Love it!
Reviewed by
09/15/2013 - 12:14:30 AM
Game changer
I've been in business for 7 years as of 2013. I started to hire contractors to help with piece work and recently saw that Lela had just released her new pricing software. Being in business for a while, I thought I knew what my numbers were. I've always had a handful of people saying I'm priced too high, so I started to doubt myself.

I bought Price-O-Matic and boy, it's one of the best investments I've made, and I spend a lot on business resources, ecourses and books, so that's saying a lot!

Lela provides amazing, in depth training on pricing. Then she gives even more training on how to use her program, which is by the way very cool. I have always loved and done everything in Excel but never knew you could take it to this next level of polish and sophistication!

Purchasing this software and going through the training has really FORCED me to reevaluate my pricing, especially the labor part. Since I am hiring help, it is vital that I pay my assistants the optimal rate, which this software will help me figure out.

I can't wait till I plug all my numbers together and reveal the answer to my big question... am I priced too low, or too high? That will be a major game changing moment for me.

I have to mention however that I have a math degree and a background in programming, so I had to hack the software a bit to make it work for my kind of business. One example: I don't pay my assistants by the hour, instead I pay by per piece. No big deal, just need to adjust the numbers to reflect my own system. But just though I'd put this out there that this software is not 100% one size fits all but will come pretty dang close.

Please do yourself a huge favor and get this software. Doing the math yourself with formulas on a piece of paper is not going to cut it, whether or not you're just starting out or you have your black belt in business!

- Mei Pak
Tiny Hands
www.tinyhandsonline.com
Reviewed by
05/08/2013 - 10:55:09 PM
Know Your COGS!
Oh sure, we 'think' we know, until we actually crunch the numbers. ALL the numbers. You know, like overhead and labor? Yes, you DO have overhead and labor, even if it's just little ole you doing it all. Lela's Price-O-Matic software has helped me get the upper hand on pricing and profit margins...and without the guess-work. Once you know the truth there's no going back. Do yourself a favor and know your true cost of goods sold. I'm grateful to have this tool to make the process a whole lot less painful.

Debbie, Big Fat Soap