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shopify product prices

Published on: July 6 2023 by pipiads

In this video, the speaker reveals their full pricing strategy for Shopify dropshipping to help maximize profits. They emphasize the importance of proper pricing and avoiding the mistake of overlooking it, as it can make or break a store's success.

The strategy involves starting with the price on AliExpress and using a factor to determine the price on your store, depending on the price range of the product. For example, products between $1-2 should start at $7.95-$7.99.

Once sales start coming in, the speaker recommends finding the max price by gradually increasing the price by $1 and monitoring for any drop-off in sales. This allows for finding the highest possible price for maximum profits without hurting sales.

The speaker also stresses the importance of having clean and organized prices for branding and customer perception. Overall, the pricing strategy presented is a powerful algorithm that has proven successful for the speaker and their mentees.

How To Set Sales Prices To Products and Variants || Shopify Help Center

Setting a sale price on products and variants is a way to discount items without using a discount code. This method shows both the original price and the sale price so your customers can see the price comparison. It is a great way to offer incentives for customers to make a purchase.

How to set a sale price on a product:

- Start in the Shopify Admin

- Click on Products

- Select the product you want to set a sale price on

- Scroll down to the Pricing section

- Enter the original price in the Compare at Price section

- Adjust the value in the Price field to show the new sale price

- Save and view how the product appears on your online store

How to add a sale price to a product with multiple variants:

- Go to the All Products tab

- Select the product you want to set a sale price on

- Scroll down to the Variants section

- Click Edit next to the variant that needs a sale price

- Enter the original price in the Compare at Price section

- Adjust the value in the Price field to show the new sale price

- Save and repeat for all necessary variants

- View how the product's price appears on your online store

Note: The sale price displays differently depending on the theme and can be enhanced with sale badges from the Shopify App store.

Setting a sale price on products and variants is a great way to offer incentives for customers to make a purchase. By following the steps outlined above, you can easily set a sale price and compare it to the original price. If you have any questions, don't hesitate to contact the Shopify support team.

PRICING STRATEGY: How To Find The Ideal Price For A Product

- Pricing your products is a crucial decision that can greatly impact your business.

- A strong pricing strategy involves more than just calculating costs and adding a markup.

- In this article, we will explore eight effective pricing strategies to make your business more competitive and increase sales.

Pricing Strategies:

1. Cost Plus Pricing

- Simplest way to price products by adding a markup to production costs.

- However, it doesn't consider market factors like competition or demand.

2. Competitive Pricing

- Setting prices based on what competitors are charging.

- Can attract value shoppers with lower prices or signal quality with higher prices.

3. Price Skimming

- Charging the highest possible price initially and decreasing over time.

- Works best for businesses with innovative products and scarcity.

4. Penetration Pricing

- Using low prices to enter a market and gain attention.

- Can lead to customer loyalty if prices increase gradually over time.

5. Value Based Pricing

- Setting prices based on perceived value by customers.

- Ideal for differentiated products that offer more value than the price.

6. Loss Leader Pricing

- Pricing a product at a loss to attract customers to buy other items.

- Best for larger companies with other products to make up for the loss.

7. Bundle Pricing

- Selling complementary products together for a lower price.

- Increases sales and customer loyalty.

8. Anchor Pricing

- Comparing prices with original and discounted prices to establish savings.

- Triggers the anchoring cognitive bias to encourage customers to buy.

- A strong pricing strategy involves considering market factors and customer perception of value.

- Different pricing strategies can be effective depending on the business and product.

- Experiment with different pricing strategies to find the best fit for your business.

Shopify Price Updates - How to Bulk Update Pricing on Shopify via Flat File

The purpose of this article is to provide an easy way to update pricing for products on Shopify using a flat file. This method eliminates the need to manually update prices and allows for a smoother process.

Steps to follow:

1. Go to the All Products section and export all products using the CSV option.

2. Delete unnecessary fields and filter out any irrelevant information.

3. Keep the handle, vendor, product type, title, variant SKU, and compare price fields.

4. Create a formula to calculate the new price, which is the original price minus a discount amount (e.g. 15%).

5. Import the updated file and check for any errors.

6. View the updated prices on the front-end of the website, which will show the original price with a strikethrough and the new, discounted price.

Using a flat file to update prices on Shopify can save time and make the process more efficient. By following these simple steps, businesses can offer discounts to customers without the need for manual updates or coupon codes.

How to Hide Prices Of Products In A Collection ✅ Shopify Tutorial for Beginners

Welcome to my YouTube channel! In this tutorial, I will show you how to hide product prices in a collection on Shopify. If you are new to Shopify and have started your online business with this platform, then this video is perfect for you. I will share step-by-step guidelines so that you can do this without hiring any developer. So, let's get started!

Steps to Hide Product Prices in a Collection on Shopify:

1. Login to your Shopify admin panel.

2. Click on the Online Store option.

3. Select Action and then click on Edit code.

4. In the search box, type card and open the product.liquid file under the snippet folder.

5. Scroll down and remove the code line render price product card product price class.

6. Click on Save and reload the collection page.

7. Voila! The price has been removed from the collection.

Benefits of Hiding Product Prices in a Collection:

- Increase customer engagement by encouraging them to click on individual products to see their prices.

- Prevent competitors from easily comparing your prices to theirs.

- Build suspense and curiosity among customers to explore your collection further.

I hope you found this tutorial helpful in hiding product prices in a collection on Shopify. If you think this video was informative, please click on the like button and subscribe to my channel. Also, if you need any assistance with your Shopify store, I highly recommend working with Voiceol. He is an expert in both Shopify and WordPress and ensures timely and efficient completion of all your tasks. Thank you for your time, and have a nice day!

How To Price Products on Your Shopify Dropshipping Store

- Jordan introduces himself and his topic of discussion, pricing for ecommerce products

- Mentions the importance of setting the right price to make money and satisfy customers

Perceived Value:

- Jordan explains the concept of perceived value in ecommerce

- Highlights the importance of a well-designed and trustworthy store for customers to spend money on

- Emphasizes the need for products that provide value and solve a problem in customers' lives

Pricing Strategy:

- Jordan shares his process for pricing products on his dropshipping store

- First, figure out the cost of goods sold and shipping cost for the product

- Next, consider Facebook ads cost and desired profit margins (2.5-3 times cost of goods sold)

- Look at competitors' prices, including Amazon, to get a sense of what customers are willing to pay

- Based on all of this, set a price that balances profitability and customer satisfaction

- Jordan encourages viewers to test higher ticket items and focus on providing value to customers

- Invites viewers to join his Facebook group for more ecommerce tips and support

How To Set Sale Price On Shopify Products | How To Set Compare At Price On Shopify | Set SALE Prices

In this video, we will learn how to set sales prices for products and product variants on your Shopify store.

Setting Sales Price for Single Variant Products:

1. Go to the Shopify dashboard and click on Products.

2. Select the single variant product and scroll down to pricing.

3. Set the sale price by reducing the regular price.

4. Put the previous regular price on the compare at price.

5. Keep in mind that the profit is calculated on the selling price.

6. Save the changes and check the website to see the new prices.

Setting Sales Price for Multivariate Products:

1. Go to Products and select the product with multiple variants.

2. Select all the variants you want to set a sale price for.

3. Click on Bulk Edit and set the sale price for each variant.

4. Put the previous regular price on the compare at price.

5. Save the changes and check the website to see the new prices.

Setting sales prices for products and product variants on your Shopify store is easy and can help attract customers. Keep in mind the profit is calculated on the selling price, and customers only see the selling price and compare at price. Check out the video for more Shopify tips and free premium themes.

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