Price update options when using Vendino

When using Vendino for dropshipping, you have the option to make use of different settings.

Price update in Vendino - Automatic or manual?

When you get started using Vendino, you have the option to set prices in different ways.

You can either import the products and modify them in your CMS (Content Management System) afterwards, or you can Set a global profit rule and let Vendino manage prices for you. Managing prices manually gives you the freedom to set the price of each product as you wish. However, it is time-consuming as you have to adjust the price for each product (unless you are using Vendino's standard retail prices). If you choose to set a global profit rule, you will be able to set the percentage you want to cover with a single click. Unfortunately, the downside here is that the pricing rule will apply to all Vendino products.

Read more: How to set profit when using Vendino

Manual price management

By managing prices manually, you have the freedom to set prices for all products as you wish.

Pros:

• Freedom to choose the price of each product.
• Better control of prices.

Disadvantages:

• Risk that the purchase price changes and you end up selling at a loss.
• It takes a long time to set the price for each product you import to your shop. If you set the price manually.

Automatic price management

By letting Vendino update your prices automatically based on your set profit margin, you save time setting prices.

Pros:

• Avoid accidentally selling a product for less than the purchase price.
• When you set a percentage for your profit, you'll be able to adjust the price of all the Vendino products you sell with a single click.

Disadvantages:

• Pricing for all products will be based on your set percentage for profit calculation.
• Some of the prices of your products may be higher than the market price, which can slow down your sales.

Conclusion

You should definitely choose the solution that suits you best - there is no right or wrong. If you have few products imported, it makes the most sense to manage prices manually. On the other hand, do you have many products imported? Then we strongly recommend that you use our automatic price management. When you use automatic price management, you are always sure of your profit, as purchase prices may be adjusted by the supplier on an ongoing basis.