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Can I set my own price settings? |
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Inventory Source can manage your price settings to allow you to control
and adjust your profit margins to suit your business needs. This is a
powerful service that gives you the ability to completely control,
monitor, and configure your retail price settings without changing
anything.
To use this feature, you must have the Full Inventory Automation Account or a Custom File.Simply contact us using the form from the Custom Price Settings link in your Inventory Source Account, and we will configure them in your account. You can change your price settings as much as you need. You can also select products for individual exception from your price settings and apply product specific price settings.
Pricing Options:
Flat Dollar Amount Markup: For this option, tell us the dollar amount to add to your wholesale cost for all products for a flat dollar amount profit margin.
Flat Percentage Markup: For this option, tell us a percentage to use for all of your products to add to the cost. For example, if your margin is 30% and a product costs $100, your retail price will be set at $130.
Tiered Dollar Amount Markup: We can tier your dollar amount settings based on the wholesale cost of the item. Simply send us the cost tiers to use and the price markup you want to associate with each tier. For example, from $0-20 add $5, from $21-50 add $11, and so on.
Tiered Percentage Markup: We can also tier your percentage settings based on the wholesale cost of the item. Simply send us the cost tiers to use and the percentage markup you want to associate with each tier. For example, from $0-20 add 50%, from $21-50 add 45%, and so on.
MSRP Pricing: We can base your pricing relative to the MSRP of each product. You can specify a dollar amount or percentage to discount from the MSRP, or you can have your pricing set to the actual MSRP. Simply tell us that you want to use MSRP pricing and include any discount below that price if you want one.
To configure or modify your pricing settings, simply use the form at the bottom of the Custom Price Settings page to send us your desired settings and we will configure them in your account.
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