Why you should enter your COGS
Venon pulls your sales data directly from Shopify and calculates profit automatically. However, to show accurate results, Venon needs the real cost of goods for each product.
When your product costs are entered correctly:
✅ Venon can display real-time profit of your your shop, of your campaigns and even of every single ad
✅ You’ll see true net margins after ad spend, discounts, and fees
Update Costs for Products Without Variants
If your product has only one version (no sizes or colors):
Open Shopify Admin:
Navigate to Products:
In the left menu, click Products.
Select a Product:
Choose the product you want to update.
Find the “Cost per item” Field:
Scroll to the Pricing section.
Enter the Product Cost:
Type your cost of goods (COGS) — the amount you paid to produce or source this product.
Save Your Changes:
Click Save in the top-right corner.
🧾 Example:
You sell a dog bed for €59.90, but it costs you €22.50 from your supplier.
Enter €22.50 as the “Cost per item.”
Venon will now calculate your true profit per sale using this data.
Update Costs for Products With Variants
If your product has multiple variants (e.g. different colors, sizes, or materials), follow these steps:
Go to Products in your Shopify admin.
Select the Product you want to edit.
Click “Bulk edit.”
Click the “…” (More actions) button
Select Bulk edit
Add the Cost Column:
At the top of the bulk editor, click Columns
Check Cost per item
Enter COGS for Each Variant:
Type the cost for each variant (e.g. Small: €18.50, Medium: €22.50, Large: €28.00)
Save All Changes:
Click Save to update your costs.
Verify That Venon Shows Correct Profit
After saving the costs in Shopify:
Go to Cost of goods page https://app.venon.io/cogs
Then click on Update COGS
Wait until it's loaded
Check if the COGS are updated like you wanted