With millions of users, Shopify is one of the top e-commerce platforms where your business can sell items. Understanding this, you need to know how to add a minimum order quantity in Shopify. The minimum order quantity (MOQ) is the least number of items a seller is willing to sell to a single customer at one time. This is beneficial for your e-commerce business because it can help with sustainability and efficiency. Let’s investigate why and how to add a minimum order quantity in Shopify.
Why Do Suppliers Use Minimum Order Quantity
To ensure sustainability and efficiency, suppliers have several strategic and operational reasons for implementing minimum order quantities.
- Covering production costs and ensuring profitability.
- Streamlining the production process.
- Improving speed and quality control.
- Preserving business viability.
- Generating mutually worthwhile relationships.
For these reasons, suppliers use a minimum order quantity in Shopify to help their businesses thrive and grow.
Benefits of Adding a Minimum Order Quantity in Shopify
Yes, suppliers benefit from minimum order quantities with a healthy profit margin. However, a buyer’s business also benefits because it helps improve inventory control and keeps purchasing costs down. Let’s look at some other benefits of adding a minimum order quantity in Shopify.
Other benefits of adding MOQ for suppliers include better cash flow, reduced inventory costs, and increased profit margins. For buyers, other benefits include saving on bulk purchases and improved relationships with suppliers.
Types of Minimum Order Quantity
There are two types of minimum order quantity (MOQ): simple and complex. With simple MOQs, the buyer must agree to one limitation, which might include a minimum amount of spending or number of items.
With complex MOQs, buyers have to agree to multiple limitations, which might include a minimum order value and a specified quantity of items or other limits. Before adding a minimum order quantity in Shopify, you must decide which type of MOQ you want to use.
Step-By-Step Process for How To Add a Minimum Order Quantity in Shopify
Once you decide on the type of MOQ you want to use, follow these steps to add a minimum order quantity to the products of your choosing.
- Log in to your Shopify Admin dashboard and go to Products > Catalogs.
- Click on the catalog you want to make changes to.
- Click Manage > Manage Products and Pricing in the Products and Pricing section.
- Then either hover over the product you want to add a minimum order quantity to for all variants, or if you’re going to select a specific product variant, click the link to the particular variant under the product name, then hover over the variant you want to make changes to.
- In the Quantity Rules column, click + Add. A dialog will then appear that says Edit Quantity Rules and Volume Pricing. Once that occurs, you must update the Increment and Minimum fields. You can add a Maximum, but this is optional.
- Once that is complete, click Done.
Shopify has set quantity rules for implementing minimum order quantities, so make sure you follow them when setting up MOQs.
Help Sustain Your Business with a Minimum Order Quantity in Shopify
Now that you know how to add a minimum order quantity in Shopify remember to be transparent with your customers and let them know about the change. This will help you give your customers a positive experience, and they will be more likely to return.
If you need help with wholesale pricing strategies, contact us or download the Website on Demand Wholesale Pricing Now app.