This page tells you the 3 methods you have of updating pricing on Creaote.
What is Wholesale Pricing
RRP = Recommended Retail Price (this is how much your retailers will sell it for in their own shop)
WSP = Wholesale Price (This is how much you sell it for on Creoate to our buyers)
Margin = The RRP/WSP is the sales margin. This is how much profit a buyer will make on each item (before any shipping/tax) costs.
How to calculate RRP or WSP.
If your store currently uses RRP then we will need to assign a WSP for all products and vice versa.
When you sync shopify you will have to select one of the below options.
This will ensure that your products are visible on our site. IF your prices in Shopify are wholesale prices select 'Wholesale Price' and IF your prices in Shopify are Retail Prices select 'Retail price'
How do I calculate WSP from RRP
Retail Price x (Percentage / 100) = Wholesale Price
If your product is £10 Retail Price and you choose 50%, the Wholesale Price will be £5
How do I calculate RRP from WSP
Wholesale Pricing: (Wholesale Price / Percentage) * 100) = Retail Price
If your product is £10 Wholesale Price and you choose 50%, the Retail Price will be £15
How should I set my wholesale pricing on Creaote.
1. The method we recommend is through using Shopify.
Here is the 'how to guide'
2. Manual updates. On your product dashboard you will be able to manually edit the WSP or RRP per product.
3. File update. You can bulk update your products including their prices using our bulk upload option.
Her is the 'how to guide'