In this guide, we will learn how to customize the importify default settings.
In order to make a profit with your dropshipping business, you need to markup the supplier's product price.
You can set the pricing rules using the importify extension
Or you can do it directly from the Importify dashboard settings page.
Extension image below:
Importify dashboard settings page below:
There are three different types of markup calculation and you can use any of them:
Multiplier Price Markup multiplies the original product price by percentage. For example, a product that costs $15 with a multiplier of 200% would cost $30.
2. Fixed Price Markup markup is commonly calculated as the difference between the wholesale price and retail price. For example, if a product costs $100, the selling price with a 25% markup would be $125.
Price Markup by Amount is calculated by adding the amount you wish to the Retails price. For example, if a product costs $100, the selling price with a $20 markup by amount would be $120.
You can switch between all the 3 types by clicking the dropdown (screenshot below)
Price cents value allows you to set specific cents value for your product listed on your Shopify store. For example, if the calculated price after the markup is $75.64 and you want it to be listed on your Shopify store as $75.99 all you have to do is set the price cents value to 99.
Here is a markup calculator to help you to calculate your profits https://www.omnicalculator.com/finance/markup
General import settings
Below the pricing rules section, you'll find some more settings you can change.
Auto translates Chinese page to English - Activating this option will automatically translate Chinese pages into English.
Shopify Inventory Tracking - Activating this option allows you to set an inventory fix amount that will be applied to all variants.
Product Status after import - This option can be set to "active" or "draft".
By activating this option, your store will automatically publish the imported product
Get Product Tags - The product tags will be automatically imported when this option is enabled.