Every once in a while, a partnered print lab updates its prices within Pic-Time. You can adjust your automatic Price Change Policy to decide how it will affect your prices when the lab increases their cost prices. By default, the system settings will automatically keep your dollar markup amount the same for all prices, including tiered pricing. So if the cost price increases, then the store price will increase to keep your markup the same (but the percentage markup will decrease). However, you can instead set your Price Change Policy to keep the same percentage markup or do nothing.

1. To get started, click Settings from your Main Dashboard.

2. Under the Store Settings tab, select one of the options from the dropdown menu under the Price Change Policy. You can change the policy for Client Galleries and Art Galleries.

3. Update prices to keep % markup: when the cost prices are increased, the store prices will be automatically increased by your original percentage markup. This will raise your store prices AND your profit amount.

Update prices to keep $ markup: when the cost prices are increased, the store prices will be automatically increased by your original dollar amount markup. This will raise your store prices and your profit amount will remain the same. This means that your percentage markup will decrease, which is important to take into consideration when you’re planning Marketing campaigns and automations!

4. Checkmark if you don't want the product price updated if the updated price would be lower than your already existing price.

We notify our photographers of an upcoming price change through a campaign and by marking the affected prices in a red color within the system.