Discounts are a great incentive to drive sales to your store and can be applied to Supplier products that are powered by Canal! Below we will walkthrough how to create discounts and how to determine your commission percentage to get the most out of each sale.
Creating a Shopify Discount
You can create discounts under "Discounts > Create Discount" on your Shopify backend. All discounts for Canal powered products need to be applied on a product level to ensure that discounts don't impact shipping rates.
Shopify allows you to set the discount method, value, minimum purchase requirements, and customer eligibility. Under value you will want to be sure to select "Specific products" and select the correlating products.
After completing each section you will select "Save Discount" and it will be live. This article can help you understand each section of Shopify's discounts.
*Discounts will only be applied to your commission earnings, Suppliers will still receive their full agreed upon commission.
Canal's Discount Calculator
If you're crafting a proposal and know you want to offer the product at a discount, Canal's discount calculator can show you what commission to enter on the proposal!
- Product MSRP: This is what the Supplier has the product listed for on Canal
- Product Discount: The value of your discount code or automatic discount. Be sure to enter the percentage into the calculator!
- Amount to collect on each sale: Enter the dollar amount of what you know you need to collect on each product. Ex: If the Supplier product is $10 and you need to collect $5 after discount, enter 5 in this field.
- Proposed Commission Amount: This percentage is the commission you will want to add in your proposal to the Supplier.