In order to successfully profit from dropshipping using the Zonify app, it is essential to implement a strategic pricing markup on the supplier's price. This markup ensures that you are able to cover your costs, account for any additional expenses, and ultimately generate a profit. By setting a reasonable and competitive price that reflects the value of the product, you can effectively maximize your earnings in the dropshipping business.
There are three different options for setting up your product prices through Zonify
Multiplier Price Markup multiplies the original product price by percentage . For example, a product which costs $15 with a multiplier of 200% would cost $30.
Fixed Price Markup markup is commonly calculated as the difference between 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.
Price cents value allow you to set specific cents value for your product listed in your store. For example, if the calculated price after the markup is $75.64 and you want it to be listed in your store as $75.99 all you have to do is set the price cents value to 95.