Mastering Shopify Product Pricing: Boost Your Sales
ecommerce General

In the world of e-commerce, convenience and pricing go hand in hand. If your product’s price doesn’t appeal to customers, they won’t perceive it as worth spending money on, regardless of its convenience. But setting the right price isn’t as straightforward as it seems. Let’s delve into the art and science of Mastering Shopify product pricing to attract and retain customers.

The Complexity of Customer Retention for Shopify store owners

Building a loyal customer base is more challenging than it appears. Attracting customers with discounts is one thing, but ensuring they keep coming back requires strategic effort. Pricing is a crucial marketing tool that directly influences your business’s success.

Essential Factors for Shopify Product Pricing

1. Ease of Pricing:

Should you just pick a number, or use logical boundaries to justify your prices? The connection between prices and product types is crucial. E-commerce giants like Amazon excel at retail pricing, and the concept of psychological pricing is vital. People love deals, and $0.99 can often feel more attractive than $1.00.

2. Understanding Numbers:

You don’t need to be a math whiz, but you must understand what your prices represent. Effective pricing, like ending prices in 9, can significantly impact sales.

3. Knowing Your Boundaries:

Understanding your Shopify strategies is essential. Be mindful of your product margins to avoid unnecessary price wars. Always know why you might be losing money before adjusting your prices.

4. Emotional Customers:

Catering to niche markets can give you a monopoly, reducing competition and increasing your brand’s visibility. A strong niche market can lead to maximum sales through positive word-of-mouth.

5. Singular or Bundles?

Consumers often prefer bundles because they offer better value. Bundled products can boost sales while costing a fraction of the individual retail prices.

6. Navigating Business Competition:

Be aware that your competitors are always watching. Adjust your prices according to your brand’s strength to avoid getting crushed in price wars. Even a slight price change can have significant impacts.

7. Diversification:

Never stick to one option. Diversifying your product line can engage more customers and increase sales. Broadening your product range keeps your business dynamic and competitive.

8. Avoiding Overpricing:

Shopify encourages smart pricing strategies. Overpricing can be risky, especially if your product doesn’t justify the high cost. Understand your product’s nature and market position before setting high prices.

Final Thoughts

Pricing your products effectively requires a deep understanding of your business and market. Focus on what your business needs, and let that guide your pricing strategy. Quality often trumps quantity, and the right pricing can elevate your product’s perceived value and drive sales. Mastering Shopify product pricing will help you stay ahead in the competitive e-commerce landscape.

Blog ecommerce

Yes, it’s absolutely true that you can list Your Products for Free on Google Shopping from anywhere in the world to the online shoppers from selected countries and make an empire through your online store. As consumers all over the world increasingly turn to ecommerce to meet their shopping needs, it’s more important than ever for retailers and interested shoppers to easily find each other where so many searches begin: Google. 

How To Start An Ecommerce With Shopify[100% Free coupon]

Every day, hundreds of millions of people come to Google Search for their shopping needs, making the Shopping tab on Google an attractive place for businesses to showcase their products. Google search is too friendly and shows those products that are near to the users approach with preference given to local businesses for local searches. This is the best place where small businesses and entrepreneurs can get targeted sales through an improved google shopping tab.

Previously, the Shopping tab consisted only of paid listings but starting today, free listings will appear alongside paid ads in relevant search results in the following countries: USA, Canada, UK, Australia, Ireland, Singapore, Finland, Netherlands, Greece, Switzerland, Hungary, Czechia, Romania, Slovakia, Turkey, Mexico, Sweden, Germany, Denmark, France, Norway, Japan, Belgium, Brazil, Austria, Australia, Poland, Spain, Russia, Italy, India, Saudi Arabia, Vietnam, Israel, Thailand, Ukraine, Republic of Korea, South Africa, UAE, Portugal, Malaysia, Philippines, Argentina, Colombia, Chile, Hong Kong, Indonesia, and Taiwan.

Shoppers in any of the above listed countries will have a greater selection of products from more stores. And online retailers selling to those countries can now boost product visibility across Google for free and augment paid ads with free listings.

Shopify is partnering with Google to make it easy for merchants to sync, submit, and optimize their products for these free listings through Shopify’s Google channel. If you already have products synced through the channel, your approved products can start showing up in relevant Search, Shopping, Images results—no further action is required on your end. 

Merchants selling in any of the listed countries can access this free feature starting today.

Download Free Listings Guide

With the introduction of free listings, eligible merchants can submit their products to be listed in the Shopping tab on Google. From there, those products have the chance to be discovered by shoppers most likely to purchase them without having to pay for clicks.

While this does not replace Shopping ads, the introduction of free listings in the Shopping tab gives small businesses access to a popular online shopping destination when they may not have the resources to effectively run and scale their own Google Ads campaigns. It also gives merchants who are already using Shopping ads a way to supplement their paid advertising with free listings. 

Getting your products listed on the Shopping tab

Eligible merchants can use Shopify’s Google channel to get set up. The first step is to follow the checklist to make sure you meet all of the Google Merchant Center requirements. You can choose any Comparison Shopping Services via the CSS dashboard available in the Google Merchant Center.

Once you have synced your product feed to Google Merchant Center and your products are approved, they can appear in relevant search results. 

There are also several steps you can take to optimize your listings  and improve their discoverability:

  • Make sure your product and store information is detailed and up to date.
  • Submit high-quality images of your products that follow Google Merchant Center’s specifications.
  • Ensure your product title attributes for each product feed are descriptive—searchers will generally ignore vague titles. 
  • Consider the specific words your customers would type into Google to find your product and incorporate them naturally into the title and description attributes. Conduct some keyword research to validate your assumptions about how people are searching for your products.
  • Include all relevant product feed attributes, such as Size and Gender to help the right shoppers find the right products. 
  • Optimize the product type attribute with at least 3 levels if possible. For example, if you’re selling Dog Blankets, you might use Home & Decor > Furnishings > Bedroom > Blanket > Dog. 

For more information on setting up the Google integration for your Shopify store, check out our help docs.

Install Google Channel for Free

To learn more about how Google Channel can help you get discovered by interested shoppers, check out our guide on Shopping Ads in Google, or our Compass course on Google Ads for Ecommerce.

About the author:
Zabrina Hossain

Zabrina is a Product Manager at Shopify, where she spends her time between leading the Social Channels and Conversational Commerce team. You might catch her on her way to the latest product meet-up in Toronto while on her bright yellow bike.