How to calculate the cost of printing?

Cost of printing = (Cartridge cost ÷ yield per cartridge) + a fraction of equipment cost + cost of supplies. To calculate the cost of printing, you need to add the cost of ink, fraction of the equipment cost, and the cost of supplies needed to complete the job. Or you can use the printing cost calculator feature in the web-to-print software offered by OnPrintShop and it will take care of all your quoting requirements.

What happens if a print business has inaccurate cost estimation?

The business incurs a loss in the profit margin or loses the entire project due to inaccurate cost estimation. Other than the loss in business, it might also harm the brand image of the print service provider.

How can print businesses start improving their cost estimation practices?

Print businesses can start improving cost estimation by automating print calculations and regularly updating other costs like material and production. Other best practices include standardizing the pricing models and utilizing a software that has an estimation tool integrated with an order management system.

How does accurate print cost estimation contribute to budget management?

Accurate print cost estimate is the key to making better financial decisions. It helps you to track your expenses, use of supplies, and the profit margin to expect from the project. This allows you to plan your budget more efficiently.

How Accurate Print Cost Estimation Drives Success for Printing Businesses