Ask any number of sellers which are the major factors that contribute to one’s online success, and the majority would always name repricing amongst them. Whether you do it by hand, or automatically, repricing is important because it takes a large number of aspects into account.
At SellerEngine, we focus on a subset of automatic repricing that we like to call Intelligent Repricing.
All of us do repricing one way or another, with different objectives or as per different rules and standards.
One may consider:
- Choosing to lower the price of Christmas decorations in March from what they used be back in December
- Reducing prices on inventory hitting long-term FBA storage fees
- Pricing items with no competing offers different from what you’d price the ones with 10 other sellers fighting for the low price.
- Applying your business knowledge to this is the key to successful Intelligent Repricing. One must factor in the competition, the lowest price on the market, product condition, winning the Buy Box, and much more. So, how about letting Sellery take care of that for you?
7 reasons why you’d need Sellery to take over.
- Sellery would update your items, even when the competition is changing their prices too fast for you to keep up manually;
- Sellery would price your items for you when you’re fighting competition in a different time-zone than yours;
- Sellery would consider aspects that you wouldn’t have thought of on your own, such as excluding competition as per number of feedback ratings;
- Sellery would automatically read important data for you, so that you wouldn’t have to manually consider everything needed for each item in your inventory;
- Sellery would enable you to use Smart Lists for items you wish to apply the same strategy to, so you don’t have math for each of them separately;
- You would be able to accurately track your item costs, so that you’d never sell an item at a loss;
- You would be able to adjust prices (both up and down) quickly and accurately with the use of Pricing Rules.
Remember that investing the time you spend manually repricing your items could make a huge difference for your business.
Want to give Sellery a try? Sign up today for a 2-week free trial with unlimited email support.
Elena is part of the Business Development team at SellerEngine. She explores online expansion opportunities and goes by the saying “If you can’t explain it simply, you don’t understand it well enough”