Does Importify automatically sync prices between suppliers and my store?

No, Importify does not automatically update prices in real time. To effectively manage price changes, you’ll need to adopt a proactive approach that shields your profitability and maintains pricing accuracy.

Strategic Markup

• Purpose:
  Apply a markup to the supplier’s price when importing products.

• How It Helps:
  This margin protects your profit even if supplier costs increase. A higher markup allows for price changes without immediately impacting your profitability.

• Tip:
  Determine a standard markup percentage based on your cost structure and regularly review it.

Diversify Your Suppliers

• Purpose:
  Avoid dependency on a single supplier for high-volume products.

• How It Helps:
  Multiple suppliers for the same product give you alternatives if one raises its prices unexpectedly.

• Tip:
  Compare supplier costs periodically to ensure you’re getting competitive pricing.

Utilize Virtual Assistant (VA) Support

• Purpose:
  Monitor and manage price fluctuations across a large catalog.

• How It Helps:
  A dedicated VA can track supplier price changes and update your listings accordingly, especially for best-selling items.

• Tip:
  Integrate a routine review process with your VA to catch significant changes early.

Technical Considerations:

• Manual price adjustments will be necessary if supplier prices change.

• Leverage spreadsheet tools or your e-commerce platform’s bulk update features to streamline the process.

• Keep in mind that frequent price changes might affect customer trust, so communicate any changes clearly.

This streamlined approach ensures you stay ahead of supplier price fluctuations while protecting your profit margins and maintaining a consistent shopping experience for your customers.