How to Raise Prices on Shopify Without Annoying Customers
Last modified: August 13, 2021
Sometimes it can be a wise decision to raise your prices. There are several reasons why you might need to change the prices on your website. The first can be cost. Inflation normally means that brands have to raise prices because the materials get more expensive and this can push up your costs.
You can just increase costs and expect customers to know it going to happen. However, there are problems when you do this; you can lose trust with customers. Therefore, when you have very loyal customers, subscription businesses and other returning customers, that you explain the price rise.
So here are some of the things that you can do to help you build a great relationship with your customers while you are still increasing prices for them.
Step 1 – Decide on the Value
The first thing you need to do is decide on the value of the price increase. This can be anything you need it to be. However, smaller increments of price increases are often more accepted by buyers. You can do this with some great apps that can increase prices on all products, specific categories or products via tags. This can be a quick and simple way to manage prices and you can do it based on a specific amount or percentage of the price.
Step 2 – Forewarn Customers
Now you need to forewarn customers about the price increase. You can do this in a blog post and you can do this via email. Email is the most effective method, but both methods are probably going to be better for you.
Within the email, you must state why the prices have to increase. It is usually better to soften the blog by giving the customer points at what they will be getting with the price increase. For instance, if you can secure better delivery times, higher quality products or better staffing.
You should also tell customers when the change is going to happen. You should provide at least a week’s notice, if not longer.
Step 3 – Implement the Change
When it comes to implementing the change this needs to be done carefully at the time that you said. This can be done manually or through an app. If you’re looking to use an app, you can use this one here. This can help you make changes to your prices within seconds.
Don’t quickly change the price back at any time, even if you lose sales. This can damage your reputation. You will find that your website won’t lose too much in terms of sales if you’re honest, upfront and explain your reasons.
Final Word: How to Raise Prices on Shopify Without Annoying Customers
There is going to be a time when you must raise prices for your business. This can be very important for your business’s survival. Above are the steps you need to do to increase prices and ensure that your brand is successful.