How does Shopee Malaysia set prices? Are there any tips?

Shopee has great market potential in neighboring countries. For example, many merchants will choose the Malaysian site with a good market to sell their products when opening a store. However, when selling things on this site, in fact, everyone still doesn’t know how to set the price? So, let me tell you about it next.

1. Shopee Malaysia site pricing method

Profit = Revenue - Cost, Selling Price = Cost + Profit. Freight may need to be adjusted in more ways, and it is not charged according to the actual transportation cost. Hidden freight price will be added on the basis of pricing, so the final price includes cost, profit and hidden freight.

There are definitely some low-priced and some high-priced products in the store. Once the store is opened, it is not the case that you just upload the products and wait for orders. You also need to divide the products into traffic and profit according to the purchase price.

The products that are diverted are those with lower prices. There is no profit in this type, and sometimes even a loss. However, for the type of distribution, diversion is essential. Of course, not all of them will result in a loss. Many customers will buy things in combinations when they enter the store. A single purchase may result in a loss, but if several items are purchased in combination, then it is a profit.

Profit items are also indispensable in the store. If the above-mentioned traffic-generating items have a very good traffic-generating effect, then the profit source of the store will depend on the profit items. Therefore, sometimes the items are not best-selling items.

Most people will choose 1688 when looking for sources of goods, but at the same time, many people go there because of the good prices. However, after a long time, some people will find that not all of them are the cheapest.

Sellers are not all manufacturers, there are also many wholesalers, so the few prices you get are not necessarily the lowest. This requires you to keep your eyes open, compare the prices of the same products on the platform, and strive to get the lowest price.

A website with a complete supply of goods has a rich variety of product categories, including many low-priced products, so the prices for high-end products will naturally be high. After all, the price is related to the product itself.

Another way to use price advantage to guide orders is the combination method, which is also a hard indicator. There is another hard indicator, which is how much money the shopping must meet before delivery. These situations should be communicated with customers in a timely manner when chatting or after placing an order to avoid problems due to delayed information.

2. What are the tips?

When setting prices, you should refer to local prices, prices of peers and your own profits. Secondly, you need to see whether this product is a profit-making product or a traffic-generating product. Different products will actually have different pricing due to different purposes.

If the Malaysian site wants to set the price, everyone should refer to the cost, profit, freight cost, prices of peers and other aspects to determine it. Because different products actually have different prices, so this depends entirely on the situation. Everyone should consider many aspects and then set the price.