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Product Pricing Template

Price products with real cost data. Harvest tracks time and expenses per project, replacing static templates with live profitability insights.

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What should you charge per hour?

Most freelancers and consultants dramatically undercharge. This calculator accounts for what most people miss: non-billable time, taxes, and overhead.

$
Accounting for vacation, holidays, sick days
60%
Most freelancers can bill 50-70% of their time. The rest goes to admin, marketing, proposals, and learning.
$
Software, insurance, equipment, accounting, taxes beyond income tax, etc.
Your break-even rate $0
Recommended rate (+20% buffer) $0
Billable hours per week 0h
Equivalent daily rate $0

Start tracking your billable hours

Walk through the entire flow below. Start a timer, check your reports, and create a real invoice — all in three clicks.

Go ahead — start tracking!

One click and you're timing. Try it right here: start a timer, add an entry, edit the details. This is exactly how it feels in Harvest.

  • One-click timer from browser, desktop & mobile
  • Works inside Jira, Asana, Trello, GitHub & 50+ tools
  • Duration or start/end — your call
  • Day, week & calendar views to stay on top of it all
  • Friendly reminders so no hour gets left behind
Acme Corp
Website Redesign
Homepage layout revisions
1:24:09
Content Strategy
Blog calendar planning
1:30:00
SEO Audit
Technical audit report
0:45:00
Brand Guidelines
Color system documentation
2:15:00
Logo Concepts
Initial sketches round 1
1:00:00
Today's total 6:54:09

Understanding Product Pricing Models

Choosing the right product pricing model is crucial for businesses seeking to optimize their revenue and align with market expectations. A well-defined pricing model directly impacts customer perception and sales strategies. Cost-Plus Pricing is a straightforward model where businesses calculate the total production cost and add a markup for profit, perfect for industries with stable costs. On the other hand, Value-Based Pricing emphasizes perceived value, allowing companies to charge premium prices for innovative products. In contrast, Competitive Pricing focuses on leveraging competitors' pricing as a benchmark to set competitive rates.

Other popular models include Penetration Pricing, which introduces products at low prices to quickly gain market share, and Price Skimming, which initially sets high prices that decrease over time. Subscription models and Tiered Pricing offer flexibility and can accommodate varying customer needs, making them ideal for SaaS and digital products. Each model offers unique benefits and challenges, and selecting the right one requires a thorough understanding of the target market and business goals.

Creating an Effective Product Pricing Template

Creating a comprehensive product pricing template is essential for businesses to communicate their pricing strategies effectively. The first step involves gathering detailed product data, including names, SKUs, descriptions, and images. It's crucial to conduct market research, evaluating competitor pricing and customer willingness to pay. These insights inform accurate pricing decisions.

The template should feature an organized layout using spreadsheet software or dedicated tools, ensuring it aligns with brand standards. Populate the template with all relevant product data and calculated prices, and include essential business information such as contact details and purchasing guidelines. Regularly test the template across various platforms to ensure usability and establish a process for frequent updates to maintain accuracy.

Adapting Pricing Strategies for Different Markets

Businesses must adapt their pricing strategies to cater to different market conditions and customer segments. Regional Pricing involves setting different prices based on geographic location, considering local economic conditions and purchasing power. This approach is effective for global audiences, allowing businesses to remain competitive while accommodating diverse income levels.

Industry-specific strategies also play a significant role. For instance, SaaS companies often benefit from tiered or subscription-based pricing models, which align with varying consumer preferences and economic conditions. By understanding these nuances, businesses can tailor their strategies to enhance market penetration and profitability.

Explore Product Pricing Templates with Harvest

Learn how Harvest can help you track time and manage projects while you customize product pricing templates.

Product pricing template example with various pricing models and layouts.

Product Pricing Template FAQs

  • Common pricing models include cost-plus, value-based, competitive, and penetration pricing. Each model serves different strategic goals, such as maximizing profits or gaining market share.

  • Start by gathering detailed product data like names, SKUs, and descriptions. Conduct market research and calculate costs and margins before designing an organized layout using spreadsheet software.

  • Regional pricing sets different prices based on geographic location, considering local economic conditions and purchasing power. It's effective for global audiences with varied income levels.

  • A pricing template should include product names, SKUs, descriptions, images, prices, and business contact information. It should also feature purchasing guidelines and any terms and conditions.

  • Businesses choose pricing strategies by analyzing market conditions, competitor pricing, and customer willingness to pay. Aligning with business goals is essential for selecting the right approach.

  • Yes, pricing templates can be tailored to specific industries, such as SaaS or e-commerce, which often use tiered or subscription-based pricing models to suit their unique market demands.

  • Pricing templates are commonly available in formats like Excel and Google Sheets, which allow for easy customization and updating to meet business needs.