Setting the price for the products you sell in your stores is crucial. To make a profit, your selling price must be higher than what your supplier charges you. At Zopi, you can take advantage of the Pricing Rules feature to automate the pricing for your products. Read below to learn how to set it up in just a few steps.

Set Pricing Rules

You can simply follow this instruction for setting up pricing rules for your products and it will be applied after you have saved it.

Steps

1. Login to Zopi > Settings & Billing > Product.
   
   
2. In the Price set up tab, turn on Auto pricing.
   
   
3. Click on the ration button to select your desired pricing rule type.

There are 2 options: Basic Pricing Rule and Advanced Pricing Rule (Available from the Advanced plan and above).

Option 1: Basic Pricing Rule

This rule allows you to use a fixed number to add to or multiply by the product cost and set the result as the product selling price. Before you can understand the formula, learn the explanations of some related concepts.

• Product cost: The price of the product on the supplier’s site.
  
  
• Selling Price: the prices you want to show on your storefront. You can use “Multiply” or “Plus” techniques to optionally set products price to ensure your wishful profit.

+ Multiply: Multiply the original product price as many times as you want.

+ Plus: Plus allows you to add a new price on top of the original product price.

• Compare At Price: This will help you to create artificial product sales in your Shopify store. Just add your desired “Multiply” or “Plus” to set up. Disable this button if you don’t want to show the comparing price. But take note that the “Comparing Price” value must be set higher than the “Selling Price” setting value.

For instance, if your product cost is 9 USD from an AliExpress supplier, how much will you price it on Shopify?

       + If you double the selling price, the corresponding Shopify price will be 18 USD.

       + If you triple the selling compare-at price, the item will be listed on Shopify for 27 USD.

Option 2. Advanced Pricing Rule

This allows you to apply a comprehensive pricing formula to price your product prices shown in your stores. Before you begin, delve into the explanations of related concepts.

• Cost range: You can add a cost range to set your new product prices. This feature is especially effective when you are selling different types of products and their cost range is really wide. You can add more than 1 cost range using the “Add cost range” button to set the most reasonable prices for your products.
  
  
• Shipping cost: Select shipping cost as an additional condition to set the selling price.

For example:

       + From the range 1 USD to 10 USD with shipping costs under 4 USD, you set to multiply by 2.

       + From the range 10.01 USD to 20 USD with shipping costs under 7 USD, you set to multiply by 3.

Then, you can calculate the final price as follows:

       + If your product cost on AliExpress is 5 USD and the shipping cost is 3 USD, this product will be on Shopify for 10 USD.

       + If your product cost on AliExpress is 11 USD and the shipping cost is 5 USD, this product will be on Shopify for 33 USD.

Follow the same steps as above for Compare At Price or you can hide this feature if you don’t need it by unchecking the box.

Set Assign cents

Zopi allows you to set a specific cent value for your price.
For example, the product costs $5.70 (on AliExpress), and you have the Pricing Rules set to multiply by 3 times, the product price will be calculated like this: $5.70*3= $17.1 but if assign cents set to 99, then product price will be 17.99 on your store.

Set Taxes for Products

Here we have the option to set products as taxable.
You can use this feature by checking the Set products as taxable box.

Finally, click on the Save button to save and apply the newly saved pricing rules to all your upcoming imported products. After importing products by rule, you can go to Imported products and customize prices if needed. Please note that the newly saved rules only applied for new imported products, it DOES NOT apply for products that already existed in the “Mapped products” or after you push it to your store.