Repricer Archives - Seller Snap Mon, 18 Nov 2024 22:16:59 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://www.sellersnap.io/wp-content/uploads/2020/07/cropped-favicon-32x32-1-32x32.png Repricer Archives - Seller Snap 32 32 What is the Best Walmart Repricer? | Things to Consider When Choosing a Repricing Software https://www.sellersnap.io/choosing-the-best-walmart-repricer/ https://www.sellersnap.io/choosing-the-best-walmart-repricer/#comments Mon, 16 Sep 2024 09:05:21 +0000 https://www.sellersnap.io/?p=22350 The Walmart Marketplace is one of the fastest-growing eCommerce platforms, making it appealing to online sellers and entrepreneurs. Apart from its globally renowned brand, many sellers are interested in selling on Walmart because of its advanced tools and resources, including its Walmart repricer

The Walmart marketplace repricer is a powerful tool that can help you not only stay competitive but also thrive in the challenging eCommerce landscape. Its ability to significantly enhance your Walmart business provides a sense of reassurance and confidence. 

To understand the intricacies of repricing software in eCommerce, we’ll explore what a Walmart repricing software is and offer tips on choosing the right repricer for your Walmart business or eCommerce business in general. 

What is a Walmart Repricer?

A Walmart marketplace repricer is a tool that automatically adjusts the prices of items in your catalog based on specific rules you set. Its primary function is to help sellers maintain competitive pricing and maximize profit by responding to various triggers.

Factors Influencing Repricing on Walmart

The Walmart repricer adjusts prices based on different factors. These include competitor pricing, product demand, inventory levels, and profit margins.

Competitor pricing is a crucial factor that the Walmart repricing software considers when adjusting listing prices. It is the key to determining whether to match or undercut competitors, ensuring a strong and competitive positioning in the market.

Similarly, the inventory levels and product demand also play pivotal roles. The repricer’s understanding of product seasonality, popularity, and availability is crucial for optimizing pricing and ensuring profitability.

Lastly, profit margin is a major factor. The repricer adjusts listings to meet the seller’s desired profit levels, balancing competitiveness and profitability.

Walmart Marketplace Repricer Core Functionalities

 

repricer-for-Walmart

 

The repricing software of Walmart offers unique functionalities that enable Walmart sellers to optimize their listing prices, and these include the following:

Defining Strategy: One of the core functions of Walmart’s repricing software is helping sellers define their pricing strategy. With the help of the repricer, sellers can set their pricing rules, including the minimum price, maximum listing prices, and desired profit margins. 

Real-time Price Monitoring: The Walmart repricer can continuously track your listing price and competitors’ listings, whether on Walmart.com or an external marketplace.  

Convenience at Your Fingertips: The repricing software can adjust listing price automatically based on predefined rules and strategies. This feature not only saves time but also reduces the burden of manual price adjustments, making it a convenient tool for Walmart sellers

Buy Box Optimization: To help you win more Buy Box, the Walmart repricer optimizes your listing prices to position your products to win the Walmart Buy Box. The repricer does this by strategically undercutting competitors’ prices.   

Profit Margin Protection: The repricer includes crucial features- profit margin protection. This function is designed to prevent prices from dropping below your profit margins, ensuring a healthy and sustainable level of profitability.

Performance Analysis: The Walmart repricer also provides sellers with important marketplace data and insights, such as price changes, sales, and Buy Box wins. This information can help sellers make strategic decisions that benefit their business

Online retailers, private label sellers, or brand owners looking to obtain an optimal price for their listings can definitely benefit from Walmart repricer tool. By utilizing the features and functions mentioned above, sellers can start repricing with confidence, ensuring their listings are always positioned for success.

Key Strategies of a Walmart Repricer

Using the Walmart marketplace repricer allows you to implement specific repricing strategies that can improve your business’ performance. Here are some of the Walmart repricing strategies you can implement as highlighted by Walmart

Competitive Price Strategy

This Walmart marketplace repricer strategy takes into account the most competitive price between the Walmart Buy Box and external site prices when adjusting the listing price. Take for example a competitor lowering their listing price. With the help of the Walmart repricer, your listing price will likewise be adjusted to a competitive level.

External Price Strategy

The Walmart repricer offers a convenient way for sellers to adjust their Walmart marketplace listing price to meet or beat the prices found on external marketplaces such as the Amazon marketplace. For instance, an external offer of a similar product has been decreased from $10.00 to $9.00, then the repricer will adjust to $8.80 to remain competitive, relieving you of the burden of constant monitoring and adjustment.

Walmart Buy Box Strategy

Similar to the Amazon repricer that assists Amazon sellers in optimizing their listing prices to win the Amazon Buy Box, the Walmart repricer can also perform instant price changes leading to your listing price to match or beat the winning Buy Box price on Walmart.com. This strategy takes into account various listing attributes such as inventory, delivery, content, and price, to help you secure the Buy Box and obtain more sales

How to Choose a Repricer for Your Walmart Business | Repricing Software Checklist

When choosing a repricing tool for your Walmart business, consider various factors to ensure it meets your specific business needs. The right repricer should improve your sales and give your business a competitive edge

Aside from Walmart’s proprietary repricing software, you can also check third-party repricing software that can integrate with Walmart’s marketplace. When choosing a repricer for your Walmart business, consider these checklists. 

Adaptability

Your Walmart repricer of choice should offer flexibility regarding the rules and strategies you can set. This feature will allow you to quickly adapt to market changes and competitive scenarios.

Precision Data Management

When choosing a Walmart repricer for your eCommerce business, choose repricing software that can handle and provide precise and reliable information on which to base your pricing decisions. Having accurate data at your disposal can help you maintain competitive pricing and avoid pricing errors.

Instantaneous Repricing

One of the considerations when choosing a repricer is real-time repricing. A Walmart repricer that can make instant changes and reflect these adjustments quickly on Walmart.com is highly advantageous, providing you with the ease of mind that your prices are always up-to-date. 

Tailored Pricing Strategies

Another consideration when choosing a Walmart repricer is its customizability. The repricer should allow you to create and customize various pricing strategies to meet your business goal or respond to multiple marketplace conditions. 

Affordability

Consider the cost of the repricer and ensure it provides good value for money. Using the repricer should be cost-effective, giving you peace of mind that it won’t break your budget. 

User-friendly Interface

Choose a Walmart repricer that is easy to use. It should have an intuitive and user-friendly interface, which means that it should be easy to navigate and use, providing a sense of ease even for online sellers who are not tech-savvy.

Multi-Channel Integration

If you sell on other online platforms such as Amazon, your repricing tool should be able to integrate with those platforms. A good example of this is the Seller Snap repricer, which offers Walmart PriceSync, allowing sellers to easily manage and synchronize Walmart prices with Amazon.

In addition to integrating with online selling platforms, it is beneficial for your repricer to integrate with other seller tools, such as inventory management systems. This allows you to have centralized control over your business in one place.

When choosing a repricer for your Walmart business or eCommerce business, consider the features mentioned above. These features can help you effectively manage your pricing strategies and remain competitive in the marketplace.

Repricer and Beyond

Whether you are selling on Walmart or other eCommerce platforms like Amazon, having a repricer can significantly increase the profitability and success of your online business. A Walmart repricer helps you stay competitive by automatically adjusting your prices to match or beat your competitors, increasing your chances of winning the Buy Box and attracting more customers

A Walmart repricer not only enhances your business’s efficiency but also saves you valuable time. By automating your pricing strategy, you can redirect your focus to other critical areas of your eCommerce business, such as advertising, customer service, and inventory management. 

However, success on Walmart.com depends on more than just repricing software. Tools like keyword research software, feedback management tools, and listing optimization tools can enhance seller ratings, overall business performance, ensuring you are well-equipped for success.

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eCommerce Market Research: A Comprehensive Guide https://www.sellersnap.io/ecommerce-market-research-guide/ https://www.sellersnap.io/ecommerce-market-research-guide/#comments Tue, 06 Aug 2024 08:17:45 +0000 https://www.sellersnap.io/?p=22165 In the rapidly evolving world of eCommerce, staying ahead of competitors requires more than just a superior product and an appealing website. It necessitates a profound understanding of the market, consumer behavior, and competitive dynamics. This is where market research plays a pivotal role. This blog post will delve into the essentials of eCommerce market research, explore various research methodologies, highlight pertinent technologies, and discuss prevailing trends. Additionally, we will introduce an advanced tool called “Market Analysis” by SellerSprite, which significantly enhances market research endeavors.

What is Market Research?

Market research is the organized process of gathering, analyzing, and understanding data about a market. It includes insights about the target audience, competitors, and industry trends, helping businesses make informed decisions, find opportunities, and mitigate risks. For eCommerce enterprises, market research is crucial for understanding customer needs, refining product offerings, and devising effective marketing strategies.

Market research is not a one-time endeavor but an ongoing process that enables businesses to adapt to dynamic market conditions. It encompasses data collection from diverse sources, rigorous analysis to extract meaningful insights, and strategic utilization of these insights. In the fast-paced realm of eCommerce, where consumer preferences and market dynamics evolve swiftly, continuous market research is indispensable for maintaining relevance and competitiveness.

Relevant Technology in Market Research

Technological advancements have revolutionized market research, enhancing its efficiency and accuracy. Here are some key technological innovations:

Big Data Analytics

Big data tools can process vast datasets from multiple sources to uncover patterns, trends, and insights that traditional methods may overlook. They empower eCommerce businesses to understand customer behavior, predict market trends, and optimize marketing strategies.

Data Collection: Big data tools gather data from diverse sources, including social media, website analytics, sales data, and customer feedback, encompassing structured (e.g., sales transactions) and unstructured data (e.g., social media posts). Data Analysis: Advanced analytics tools analyze extensive datasets to reveal patterns and trends. Machine learning algorithms can identify correlations and predict future behaviors based on historical data.

Data Analysis: Advanced analytics tools can process and analyze large datasets to uncover patterns and trends. Machine learning algorithms can identify correlations and predict future behavior based on historical data.

Data Visualization: Big data tools gather data from diverse sources, including social media, website analytics, sales data, and customer feedback, encompassing structured (e.g., sales transactions) and unstructured data (e.g., social media posts). Data Analysis: Advanced analytics tools analyze extensive datasets to reveal patterns and trends. Machine learning algorithms can identify correlations and predict future behaviors based on historical data.

AI and Machine Learning

Artificial intelligence (AI) and machine learning algorithms can analyze data, predict trends, and deliver actionable insights with minimal human intervention. These technologies enable eCommerce businesses to optimize pricing, personalize marketing efforts, and enhance customer service.

Predictive Analytics: Machine learning algorithms can analyze historical data to predict future behavior. For example, predictive analytics can help identify which products are likely to be popular in the future or which customers are likely to make repeat purchases.

Personalization: AI enables personalized marketing messages and product recommendations based on individual customer preferences and behaviors, enhancing customer satisfaction and boosting conversion rates.

Customer Service: AI-driven chatbots and virtual assistants provide instant customer support, addressing common queries and resolving issues promptly. This improves the customer experience and reduces the workload on human support teams.

Social Media Analytics

Tools for monitoring and analyzing social media activities offer real-time insights into customer sentiments, brand perception, and trending topics. Social media analytics assist eCommerce businesses in understanding customer preferences, tracking brand reputation, and identifying influential figures.

Sentiment Analysis: Social media analytics tools evaluate the sentiment of posts, categorizing them as positive, negative, or neutral. This enables businesses to monitor brand reputation and address customer concerns.

Trend Analysis: Social media analytics identify popular topics and hashtags, keeping businesses informed about current trends and consumer interests. This informs marketing strategies and content creation.

Influencer Identification: Social media analytics tools identify influential individuals with large followings and high engagement rates. Collaborating with influencers helps businesses expand their audience reach and bolster brand credibility.

Trends in eCommerce Market Research

Personalization

As consumers increasingly demand personalized experiences, market research focuses on understanding individual preferences and behaviors to tailor offerings accordingly. Personalization enhances customer satisfaction, increases conversion rates, and fosters brand loyalty.

Personalized Marketing: Market research identifies customer preferences and behavior patterns, enabling businesses to create tailored marketing messages and offers. For instance, personalized email campaigns recommend products based on past purchases or browsing history.

Product Recommendations: Personalization algorithms analyze customer data to provide customized product suggestions on websites and mobile apps, enhancing shopping experiences and driving sales.

Customer Journey Mapping: Understanding the customer journey helps businesses pinpoint touchpoints for implementing personalization, improving overall customer experience and fostering loyalty.

Mobile-First Research

With the surge in mobile commerce, research methodologies are adapting to prioritize insights from mobile users. Mobile-first research helps eCommerce businesses understand how customers interact with mobile websites and apps, optimizing the mobile shopping experience.

Mobile Surveys: Surveys conducted via mobile apps, SMS, or social media gather feedback on the mobile shopping experience, providing insights for enhancing user experiences.

Mobile Analytics: Analytics tools track user behavior on mobile websites and apps, offering insights into navigation and interaction patterns. This helps identify areas for improvement and optimize the mobile experience.

Responsive Design: Research informs the development of responsive design strategies to ensure websites and apps are optimized for different devices, enhancing user experience and increasing mobile conversions.

Voice Search Optimization

As voice search gains popularity, understanding customer usage patterns of voice assistants offers insights for optimizing product listings and content. Voice search optimization helps eCommerce businesses reach customers who use voice-enabled devices for product searches and services.

Voice Search Behavior: Research identifies how customers use voice search, including query types and device preferences, informing voice search optimization strategies.

Natural Language Processing (NLP): NLP technology optimizes content for voice search by understanding natural language in voice queries, improving search rankings and visibility.

Voice-enabled Shopping: Understanding how customers use voice assistants for shopping helps businesses develop voice-enabled shopping experiences, such as voice-activated product searches and guided shopping carts.

Sustainability and Ethical Consumerism

Consumers’ growing awareness of environmental and ethical concerns drives research into sustainable practices and products. Understanding customer preferences for sustainability helps eCommerce businesses develop and market eco-friendly products.

Sustainable Product Development: Research identifies customer preferences for sustainable products, guiding the development of eco-friendly product lines, including recycled materials, biodegradable packaging, and ethically sourced ingredients.

Green Marketing: Understanding customer attitudes towards sustainability helps businesses craft green marketing strategies that resonate with eco-conscious consumers, highlighting environmental benefits and sustainable practices.

Corporate Social Responsibility (CSR): Research identifies opportunities for businesses to engage in CSR initiatives aligned with customer values, enhancing brand reputation and customer loyalty.

Data Privacy Concerns

As data privacy regulations tighten, businesses must conduct research while ensuring compliance and maintaining customer trust. Understanding customer concerns about data privacy helps businesses develop strategies to address these issues.

Compliance with Regulations: Research keeps businesses informed about data privacy regulations such as GDPR and CCPA, ensuring research methods and data handling comply with legal requirements.

Transparent Data Practices: Understanding customer concerns about data privacy helps businesses adopt transparent data practices, communicating clearly about data collection, usage, and protection.

Data Security: Ensuring customer data security is crucial for maintaining trust. Research identifies best practices for data security, guiding the development of robust data protection measures.

SellerSprite’s Market Analysis Tool

SellerSprite’s “Market Analysis” tool offers unparalleled insights into over 20,000 sub-markets on Amazon, empowering sellers to make data-driven decisions with precision. This sophisticated tool allows sellers to select their desired marketplace from a list of countries including the United States, Japan, United Kingdom, Germany, France, Italy, Spain, Canada, and India. After choosing the United States, sellers can set the research time frame, typically defaulting to the last 30 days, providing a relevant and timely analysis of market trends.

SellerSprite’s Market Analysis tool offers extensive datasets based on the top 100 selling products, providing a comprehensive overview of the market. Key features include:

  • Main Keywords Search Volume Trends: Analyze the search volume trends for primary keywords to understand consumer demand over time.
  • Market Sales Trends: Compare sales trends across different months to identify seasonal patterns and sales peaks.
  • Listing Concentration: Understand the sales and revenue distribution among listings. For instance, the “Beckham Hotel Collection” bed pillows dominate with over $3.28 million in sales, highlighting significant market concentration and potential entry barriers for new products.
  • Brand Concentration: Evaluate brand dominance within a subcategory. For example, a 50.5% brand concentration based on 66 brands over the last six months indicates a highly competitive market. Sellers can filter brands by revenue and analyze detailed brand-related metrics.
  • Seller Concentration: Assess the distribution of sales among sellers. A high seller concentration suggests a market dominated by a few key players, which can inform competitive strategies.
  • Fulfillment and Rating Information: Analyze fulfillment methods (FBA vs. FBM) and product ratings to gauge logistical preferences and consumer satisfaction.
  • Countries of Sellers: Identify the geographic distribution of sellers, with a significant proportion often originating from China, followed by the USA, UK, and India.
  • Product Supply and Demand Trends: Track the balance between product availability and consumer demand to anticipate market movements.
  • Return Rate: Monitor the average return rate and conversion ratio to evaluate product performance and customer satisfaction.
  • Launch Time: Examine the launch dates of top products to understand the market’s maturity and the potential for new entrants.
  • Launch Time Trends: Analyze the number of products launched over different years and their corresponding sales proportions.
  • Ratings: Assess the competitive landscape based on product reviews, with a high number of products having over 500 reviews indicating intense competition.
  • Rating Average: Compare average ratings to identify quality benchmarks within the subcategory.
  • Price: Use filtration functions to sort products by price range, helping to identify optimal pricing strategies.

With SellerSprite’s Market Analysis tool, sellers gain access to a wealth of data, enabling them to navigate the complexities of the Amazon marketplace confidently. This detailed analysis helps sellers understand competitive landscapes, identify lucrative opportunities, and strategize effectively, making it an indispensable tool for any serious Amazon seller.

 

ecommerce-market-research-demand-trends

 

ecommerce-market-trend-graph

 

 

Benefits of Using SellerSprite’s Market Analysis

  • Data-Driven Decision Making: Make informed decisions based on accurate and up-to-date market data. SellerSprite’s Market Analysis tool provides actionable insights that can help you make strategic business decisions.
  • Competitive Advantage: Gain a competitive edge by staying informed about market trends and competitor activities. The tool helps you identify opportunities and threats, allowing you to adapt and thrive in a competitive market.
  • Improved Product Performance: Optimize your product listings and marketing strategies to improve performance and increase sales. The Market Analysis tool provides insights that can help you enhance your product offerings and attract more customers.
  • Efficiency and Accuracy: Save time and resources by using a comprehensive and accurate market research tool. SellerSprite’s Market Analysis tool streamlines the research process, providing reliable data and insights quickly and efficiently.

In conclusion, eCommerce market research is an indispensable tool for businesses aiming to thrive in a competitive landscape. You can gain valuable insights that drive growth and innovation by leveraging various research methods and embracing modern technologies. And with tools like SellerSprite’s Market Analysis, conducting effective market research has never been easier. Start exploring the potential of your market today and unlock new avenues for success!

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About the Author:

SellerSprite is an all-in-one tool for Amazon product research, market analysis, keyword suggestion, sponsored ads insight and product tracking for Amazon sellers.

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Walmart: Your Gateway to Online Selling Success! | Important Things To Know About Walmart https://www.sellersnap.io/sell-with-walmart/ https://www.sellersnap.io/sell-with-walmart/#comments Mon, 22 Apr 2024 04:55:35 +0000 https://www.sellersnap.io/?p=21935 One of the fastest-growing eCommerce platforms in the United States is Walmart. With its extensive customer base and established reputation both within and outside the United States, Walmart offers a unique opportunity for entrepreneurs to tap into a vast market. 

Selling products on Walmart can greatly enhance your brand’s visibility and increase sales. Regardless of your experience level, understanding how to maximize this platform is essential.

This article will explore critical aspects of selling on Walmart.com, providing valuable insights and tips to help you start your business and thrive in this dynamic marketplace.

Walmart: From Physical Store to Online Marketplace

In 1962, Sam Walton established Walmart, which later emerged as a dominant force in the retail industry known for its emphasis on affordability and operational excellence. Throughout its existence, Walmart expanded its business and introduced significant innovations, including Walmart.com. 

After more than two decades, Walmart’s online presence was further boosted upon its acquisition of Jet.com in 2016. Currently, Walmart remains a top competitor in the eCommerce industry, rivaling Amazon, Target, and Best Buy.

Walmart’s online platform offers diverse products with flexible delivery options, maintaining its significance in the constantly changing eCommerce environment.

Why Selling on Walmart is Beneficial

If you are hesitating about whether to venture into Walmart as part of your business expansion, consider these reasons to integrate your products into the extensive Walmart marketplace:

Sell with confidence on Walmart

Walmart is one of the largest retail giants globally, with an established reputation and vast customer base. Online sellers and business owners trust Walmart’s impressive global presence and financial success.

In 2023, Walmart reported a staggering revenue of $611 billion worldwide, equating to over $1.56 billion in daily revenue. With a network comprising 10,616 stores and clubs across 19 countries, including 4,618 locations in the United States alone, Walmart serves an astounding 37 million customers daily and over 230 million customers weekly. 

Aligning your brand with Walmart improves credibility and fosters trust among consumers. Walmart’s established credibility and reliability as a marketplace offers a lucrative avenue to access its expansive customer base.

Cost-Effective Fee Structure on Walmart

Walmart offers sellers a competitive pricing structure. Online sellers and business owners can retain a larger portion of their revenue because of lower platform fees and expenses. Therefore, the profitability of online sellers while selling on Walmart is increased

A key advantage of Walmart’s cost-effectiveness is that it does not require sellers to pay a monthly fee for listing their products on its marketplace. Instead, Walmart operates on a commission-based fee system. Sellers are charged a referral fee and a percentage commission for each sale made through the platform. The referral fee percentages are in the table provided below.

 

Product Category Referral Fee Percentage
Apparel & Accessories 5% for items with a total sales price of $15 or less
10% for items with a total sales price between $15 – $20
15% for items with a total sales price greater than $20
15% for backpacks
Automotive & Powersports 12%
Automotive Electronics 8% for categories including Dash & Backup Cameras, Car Speakers, Power Inverters, Vehicle Tracking Systems, Car Video Monitors, Radar Detectors, Automotive Remote Starters, Anti-Theft Devices & Car Speakerphones
Baby 8% for items with a total sales price of $10 or less
15% for items with a total sales price greater than $10
Beauty 8% for items with a total sales price of $10 or less
15% for items with a total sales price greater than $10
Books 15%
Camera & Photo 8%
Cell Phones 8%
Consumer Electronics 8%
Electronics Accessories 15% for the portion of the total sales price up to $100
8% for the portion of the total sales price greater than $100
Decor 15%
Gourmet Food 15%
Grocery 8% for items with a total sales price of $10 or less
15% for items with a total sales price greater than $10
Health & Personal Care 8% for items with a total sales price of $10 or less
15% for items with a total sales price greater than $10
Home & Garden 15%
Indoor & Outdoor Furniture 15% on the first $200 / 10% on amounts over $200
Industrial & Scientific 12%
Jewelry 20% for the portion of the total sales price up to $250
5% for the portion of the total sales price greater than $250
Kitchen 15%
Luggage & Travel Accessories 15%
Major Appliances 8%
Music 15%
Musical Instruments 12%
Office Products 15%, except 8% for Calculators
Outdoor Power Tools 15% for items with a total sales price ≤ $500
8% for items with a total sales price > $500
Outdoors 15% except for 8% for Hunting Trail Monitors, Binoculars, Telescopes, Spotting Scopes, and Night Vision Goggles
Personal Computers 6%
Pet Supplies 15%
Plumbing, Heating, Cooling & Ventilation 10%
Shoes, Handbags & Sunglasses 15%
Software & Computer Video Games 15%
Sporting Goods 15%
Tires & Wheels 10%
Tools & Home Improvement 15%, except 12% for Base Power Tools
Toys & Games 15%
Video & DVD 15%
Video Game Consoles 8%
Video Games 15%
Watches 15% for the portion of the total sales price up to $1,500
3% for the portion of the total sales price greater than $1,500
Everything Else 15%

Table Adapted from Walmart: Overview of  “Walmart Marketplace Referral Fees; Retrieved: March 25, 2024, From Marketplace.Walmart

 

Efficient Software Tools on Walmart 

Walmart offers powerful software solutions and tools to assist sellers in managing their online business operations efficiently. Sellers can leverage Walmart’s advanced software solutions from inventory management to advertising to streamline processes, optimize performance, and enhance overall productivity. 

Below are some of the notable Walmart tools and programs designed to enhance your business on the platform:

Walmart Fulfillment Services (WFS) 

WFS offers Walmart sellers access to sophisticated inventory management features, real-time order monitoring, and dedicated customer support, facilitating operational efficiency and customer satisfaction. Aside from advanced inventory capabilities, Walmart Fulfillment Services affords sellers flexibility in scaling their businesses because it does not require minimum or maximum inventory. 

Walmart Connect 

Walmart Connect is Walmart’s advertising solution that empowers brand owners and sellers to engage with its extensive shopper base. Walmart Connect gives sellers access to ad campaign solutions on Walmart.com and the Walmart app, which helps increase product visibility. Some of the ad campaigns you can utilize for your Walmart business include:

  • On-Site Display Ads
  • Off-Site Display Ads
  • Search Grid Ads
  • Carousel Ads
  • Brand Amplifier

Walmart Brand Portal 

The Walmart Brand Portal provides tools and resources for managing product listings, monitoring performance, and enhancing brand presence on Walmart.com. The Brand Portal is a valuable hub for brand owners to manage all aspects of their intellectual property brand management.

Aside from the main Walmart features mentioned above, other notable Walmart tools and programs include:

Walmart Repricer: This tool helps Walmart sellers manage their listing prices and close the gap between the seller’s price and the competitor’s listing price. 

Review Accelerator: This program helps you obtain authentic reviews for your listings, which in turn can help boost your sales.

Marketplace Capital: This program allows Walmart to provide fast funding when needed.

Listing Quality: This feature can help you improve listing optimization. Walmart’s Listing Quality Dashboard provides insightful recommendations to help you grow your business. 

Pro Seller Badge: This program highlights qualified sellers in the marketplace, boosting exposure and increasing conversion. 

Collectively, these Walmart features, tools, and programs are designed to empower sellers, helping them scale their businesses on the Walmart platform. 

Seamless Omnichannel Integration

Walmart supports smooth integration between its online marketplace and third-party software solutions. By leveraging Walmart’s omnichannel capabilities, sellers can enhance customer convenience and satisfaction while maximizing sales opportunities.

Streamlined Onboarding Process

Walmart provides a streamlined onboarding process for sellers, making it quick and easy to start selling on their platform. From account setup to product listings, Walmart offers comprehensive guidance and support to help sellers get started promptly. In the following section, we will detail the steps to start selling on Walmart.

Quick Start Guide: How to Start Selling on Walmart 

Walmart simplifies the onboarding process for new sellers, allowing for a fast start. Below are four straightforward steps to kickstart your selling journey on Walmart:

Step 1 – Complete Mandatory Details: Visit the Walmart Marketplace signup page, input the required information, review the terms, and create your Walmart Marketplace account.

STEP 2 – Verify Your Business: Start by submitting your business details and completing your Seller Profile. Make sure your tax information aligns with IRS records for swift business verification, enabling you to begin selling promptly.

STEP 3 – Set Up Payment Preferences: Provide Walmart with the necessary information to facilitate payments for your sales. 

STEP 4 – Configure Shipping and Returns: Customize your shipping methods and costs according to your preferences and business needs. Additionally, select your preferred returns method and carriers that align with your budget and service requirements.

Minimum Qualifications Required for Joining Walmart Marketplace

To prepare for your seller application on Walmart, ensure you meet the following minimum qualifications for joining its marketplace:

  • History of marketplace or eCommerce success
  • Products that have GTIN/UPC GS1 Company Prefix Numbers
  • Business Tax ID(s) (SSN not accepted) or Business License Number
  • Supporting documents that verify your business name and address
  • Catalog that complies with Walmart’s Prohibited Products Policy
  • Walmart Fulfillment Services (WFS) or another B2C U.S. warehouse with returns capability

Sell on Walmart with Seller Snap 

walmart-seller-snap-price-sync

For sellers operating on both the Walmart and Amazon marketplaces, utilizing a multichannel repricer is critical to maintaining a competitive edge in the eCommerce landscape. 

At Seller Snap, we understand that selling simultaneously on both Walmart and Amazon presents a lucrative opportunity for you to expand your reach and maximize profit. Hence, we offer our Amazon repricing solution, now seamlessly integrated with Walmart, to capitalize on this opportunity.

With our software’s Walmart PriceSync feature, we empower sellers to effortlessly manage and synchronize prices between Walmart and Amazon, streamlining operations and freeing up valuable time. You can gain centralized control over sales channels, facilitating simplified price management. 

By embracing a multi-channel selling strategy, you can unlock opportunities to diversify revenue streams, expand your audience reach, and boost your eCommerce sales.

We help you stay ahead in the dynamic world of online retail, driving sustained growth and success across multiple platforms. To facilitate such integration, you must undertake these three crucial steps:

STEP 1: Enter Walmart Seller Details.

STEP 2: Create a CSV file to map Amazon SKUs to Walmart SKUs.

STEP 3: Enable Walmart PriceSync.

For comprehensive instructions on activating Seller Snap’s price propagation solution, you can refer to the detailed Walmart PriceSync Integration guide.

Join  Walmart Marketplace Today!

Ready to take your business to the next level? Begin selling on Walmart and connect with millions of customers globally. Benefit from Walmart’s competitive pricing, and software solutions such as Walmart Fulfillment Services & Walmart-Seller Snap Integration to enjoy seamless onboarding. Join Walmart now and open doors to fresh opportunities for success!

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Best Amazon Repricing Tools in 2024 – The Complete List With Comparisons and Reviews From Amazon Sellers https://www.sellersnap.io/amazon-repricer-comparison/ https://www.sellersnap.io/amazon-repricer-comparison/#comments Fri, 19 Jan 2024 01:30:08 +0000 http://54.70.163.241/?p=2044

Having competitive pricing in 2024 is imperative when selling, or considering selling online. The market is saturated with aggressive competitors utilizing what they can to stay relevant. To entice more customers, sellers may offer freebies, free delivery, responsive customer service, and hassle-free returns.

To become a successful Amazon seller in 2024, there are essentially two ways in which you can reprice your products. Manual repricing of goods, or using automated repricing. When deciding which Amazon repricer is right for you, it is important to consider the number of listings in your store and the amount of time you are able to dedicate to repricing.

If you are competing for the Amazon Buy Box, it is likely that you will need to utilize an Amazon repricing tool. We have compiled a complete list of the best tools available in 2024. When selling on Amazon, an Amazon repricing tool can potentially help you improve your sales and save time and resources. Apart from monetary benefits, a repricer can help you streamline your business, so if you want to achieve an effective repricing strategy, choosing the best repricer for your business is an important decision. Here are some recommendations as to what to look for when choosing your Amazon repricing tool, updated for 2024.

What do Amazon Sellers Need?

Amazon repricing tools can differ in cost, speed, available and experienced customer support, user interface, and of course if a repricer is manual, rule-based, or algorithmic.

How do Amazon Repricing tools Work?

Staying ahead of your competition is tough, especially since Amazon sellers coming to market are increasing year on year. One of the ways to outrank your competition in 2024 is with the help of a repricing tool. In brief, a repricing software will adjust your listing price against other FBA and/or FBM sellers, based on different factors and depending on which type of repricing software you use. Your listings are automatically populated into the software by connecting to Amazon’s API.

A repricing tool analyzes offers from all sellers on a particular listing and will either devise the necessary repricing strategy to come up with a competitive price or make price changes based on pre-configured rules and conditions set by the seller. Once the analysis is complete, the repricing software will send the readjusted listing price to Amazon, where it will be displayed for shoppers to see. Again, the way your repricing works is dependent on which type of repricing software you purchase.

How to Use a Repricer     

Using a repricing software varies from one repricing tool to another. However, the general concept of repricing remains the same. Since there is really no singular and uniform way to use a repricer because one software interface is unique from another, below is an overview of what sellers experience when using Seller Snap’s Amazon repricing software. 

When users first log in to the platform, the default repricing method is AI automatic repricing. This is an example of an algorithmic repricing method that does not require any set-up. This is what we call the “set it and forget it” style software, the repricing software learns, analyzes, and implements logical strategies to combat your competitors. 

However, if you choose a rule-based repricing method, the user journey is different as sellers have to set up thought-out rules and conditions for each ASIN. The repricing style is still somewhat automated, but sellers have to devise strategies to combat specific scenarios and take time to set these strategies up within their repricer, instead of using a learning algorithm.

The Repricing Software for FBA and FBM Sellers 

Whether you are an FBA or FBM seller in 2024, you will likely need the assistance of a repricing software. Generally speaking, the options available for sellers are manual, rule-based, and algorithmic repricing. Each has its own unique features and advantages. However, for higher-volume sellers and those wanting to experience reliable automated repricing, AI repricing is highly recommended to boost your eCommerce business for 2024

Why Amazon Sellers Should Consider an AI Algorithmic Repricing Software 

Apart from delivering a reliable repricing strategy to your business, this repricing software has more to offer. One of the reasons why sellers are turning to algorithmic repricing in 2024 is to maximize profit margins while avoiding price wars. 

On top of the unique features and analytics provided by a third-party Amazon repricing software, sellers also use this tool to help them win more Buy Box at the optimal price point. 

  • AI Automated Repricing Over Manual Repricing

As mentioned above, AI repricing offers more benefits to sellers. Apart from its automatic repricing feature, it is also much more reliable in terms of multiple listings. That is why high-volume sellers favor AI repricing software over its manual counterpart. 

Top sellers avoid manual repricing because it is prone to human error, and such a method is not fast enough to respond to the constant price changes in the market. Sticking with manual repricing is also tedious and time-consuming, especially if you have voluminous inventory. Such a tool is not cost-effective as compared to automated repricing.

  • What is Rule-Based Repricing? 

As its name would suggest, a rule-based repricing method relies on a predefined set of repricing rules. This means that the repricing software provides rules that can be readily applied to your pricing strategy. Some of the commonly available repricing rules include matching the lowest or highest price or beating the competition by a certain price. 

Although rule-based repricing is relatively better than manual repricing, it is still limited in terms of price optimization. Since this repricing approach is solely based on the seller’s pre-defined rules, rules can sometimes contradict each other. 

Factors to Consider When Choosing a Repricing Software

To help you step up your pricing strategy and win more Buy Box in 2024here are some factors to consider when choosing your Amazon repricer:

  • Repricer Type
  • Monthly Cost
  • Free Trial Period
  • Repricer Speed
  • Ease of Use
  • Commission Rate, if Applicable
  • Does It Come With Analytics?
  • Customer Service and Support
  • Contract Duration/if a Contract Is Required
  • Ability to Identify and Follow Your Competitors

What Are the Top Amazon Repricing Softwares in 2024?

 

Amazon Repricing Tool Comparison: 13 of the leading Amazon repricing tools on the market today, as of 2024

 

 

seller-snap-homepage-screenshot

 

Seller Snap is a premium AI-algorithmic Amazon repricer that combines automation and intelligence to scale your Amazon business. Developed with Game Theory tactics in mind, this Amazon repricing tool was designed to maximize seller profits, while avoiding price wars. Seller Snap analyzes thousands of price decisions every minute to detect the behavior of your competitors and select the optimal strategy to outsmart your competition.

Each plan comes with AI automated repricing, fast and hassle-free setup, customizable settings, intelligent business insights and reporting, and round-the-clock support.

Seller Snap also provides a min/max calculator to enable sellers to set min and max prices based on costs and markup. As well as this, they have an Auto-Adjust feature that (when enabled), will automatically calculate and recalculate your minimum and maximum markups if and when any of your costs (inc. selling related fees) change. The Amazon repricer tool will then set your price accordingly.

Pricing

Seller Snap has three plans available. Each plan includes AI Game Theory repricing, personalized repricing strategies, access to business intelligence and analytics, and 24/7 expert support for clients –

  • Accelerator Program: This program is intended to assist small business owners. Eligibility for the program is limited to Amazon sellers who have less than 1000 active listings and average monthly sales of less than $25,000 over the past quarter.
  • Standard Plan: This monthly plan can be utilized by up to 3 users. It caters to 1 store and up to 15,000 SKUs.
  • Premium Plan: This monthly plan supports 3 stores. 10 users can use it, and it can support up to 30,000 SKUs. Additional features include sales rank and inventory age data points, custom insights, an open API, and a dedicated account manager.
  • Unlimited Plan: To get the pricing for the Unlimited plan, you may contact Seller Snap directly. This plan supports unlimited users and multiple stores. It supports more than 30,000+ SKUs. It has all the features of the Premium Plan, plus open API use.c

Seller Snap offers a 15-day free trial period, no credit card or contract required.

Reviews

2. BQool

 

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BQool, also called Repricing Central, is a rule-based repricer. They offer a 14-day trial and advertise a repricing speed of upto every 5-15 minutes depending on the plan.

Pricing

BQool has four plans, based on repricing speed and features. All plans have an InventoryLab synchronization, a price and profit calculator, scheduled repricing and detailed reporting –

  • $25 Plan: This plan offers repricing for 1,000 SKUs. It has limited features and lacks premium repricing features such as AI repricing.
  • $50 Plan: This plan caters to 5,000 SKUs. It includes all the premium features, including AI-Powered Repricer and Bulk ROI settings.
  • $100 Plan: This plan supports 10,000 SKUs and includes all the features of a $50 plan. It can support up to 10 users, and users can download reports.
  • $200 Plan: This plan supports 30,000 SKUs and includes all the features of a $100 plan. It can support up to 15 users, and users can download reports.
  • $300 Plan: This plan supports 50,000 SKUs and includes all the features of a $100 plan. It can support up to 20 users, and users can download reports.

Reviews

3. ChannelMax

 

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ChannelMax positions itself as an algorithmic and sales velocity-based repricer. They offer a 30-day free trial.

Pricing

  • Real Time Amazon Repricing Plans:
    • $34.99 for SKU Limit of 500 
    • $49.99 for SKU Limit of 2500 
    • $69.99 for SKU Limit of 5000 
    • $99.99 for SKU Limit of 10,000 
    • $124.99 for SKU Limit of 25,000 
    • $149.99 for SKU Limit of 50,000 
    • $199.99 for SKU Limit of 100,000 
    • $249.99 for SKU Limit of 250,000 
    • $499.99 for SKU Limit of 500,000 

    Regular Amazon Repricing Plans:

    • $49.99 for SKU Limit 10,000 
    • $74.99 for SKU Limit 25,000 
    • $99.99 for SKU Limit 50,000

Reviews

4. Feedvisor

 

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Feedvisor is an AI-based repricer that is focused on improving your Amazon revenue and profit. They don’t offer a trial period. They have three available plans: the Professional, the Premium, and the Enterprise Plan. Each plan has its own set of features, including an algorithmic repricer, access to predictive intelligence, and Amazon expertize support.

Pricing

Feedvisor does not specify the price for the plans that they offer Amazon sellers. Nevertheless, you may contact them directly to ask for the price plan and also request a demo.

Reviews

5. Informed.co

Formerly Appeagle

 

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Informed.co, formerly known as Appeagle claims to equip sellers with a repricer based on strategy and insight. They offer a 14-day free trial. Informed.co offers short-term contracts.

Pricing

Informed.co has updated its available plans. From its previous three plans, it now offers two additional new plans for sellers. The price of its plans is based on the seller’s current monthly revenue.

  • $49 monthly plan for consumers with monthly revenue up to $5000.
  • $99 monthly plan for consumers with monthly revenue up to $10,000.
  • $149 monthly plan for consumers with monthly revenue up to $25,000.
  • $199 monthly plan for consumers with monthly revenue up to $50,000.
  • $249 monthly plan for consumers with monthly revenue up to $100,000.

Reviews

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6. Repricer.com

Formerly xSellco

 

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Repricer.com is an Amazon repricer, formerly known as xSellco. This Amazon repricing tool aims to improve your sales and profits through dedicated net margin repricing and thorough analytics on profitability. It works through 14 Amazon marketplaces and offers a free trial of the software.

Pricing

Repricer.com has four available plans for sellers.

  • $85 Express Plan: The Basic Plan supports up to 5,000 SKUs that reprices every 15-minutes. It can support 3 channels and also provides the user with regular product performance reports.
  • $259 Plus Plan: The Plus Plan reprices 50,000 SKUs. Repricing is instant and it supports unlimited channels and has priority round-the-clock support.
  • $409 Ultimate Plan: The Ultimate Plan has the same features as the Plus Plan. The difference is that it supports up to 250,000 SKUs. It also has added features.
  • $1,249 Extreme Plan: The Extreme Plan has all the same features as the Ultimate Plan. However, the difference is that it can support as much as 1,000,000 SKUs.

Reviews

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7. RepricerExpress

 

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RepricerExpress offers instant repricing and allows you to select whether you want to include or exclude sellers based on ratings, dispatch time, and many more.

RepricerExpress partnered with Amazon Technology and can process listings on the Marketplace App Store. It offers a 15-day free trial and does not need a credit card to do so.

Pricing

RepricerExpress offers 4 plans that range from 5000 SKUs up to a million. All monthly plans have access to multiple marketplaces, automation, reports, and email/chat support.

  • £64 Express Plan: The Basic Plan supports up to 5,000 SKUs that reprices every 15-minutes. It can support 3 channels and also provides the user with repricing reports.
  • £189 Plus Plan: The Plus Plan reprices 50,000 SKUs. Repricing is instant and it supports unlimited channels and has priority round-the-clock support.
  • £319 Ultimate Plan: The Ultimate Plan supports up to 250,000 SKUs. It has all the features of Plus Plan and additional features such as Multichannel repricing and Net Margin repricing.
  • £949 Extreme Plan: The Extreme Plan supports up to a million listings. It has all the same features as the Ultimate Plan, plus the priority repricing feature. 

Reviews

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8. Nu Price Repricer

 

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Nu Price Repricer is a new, yet promising competitor. It has a basic-looking platform but has good functionality. It offers to reprice your inventory using a non-complicated process that can work well with the common kinds of OS like Mac and Windows.

Pricing

NuPrice Repricer offers a repricer program that costs $14.95 per month or $129 per year.

Reviews

No reviews found

9. RepriceIt

 

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RepriceIt is an Amazon repricing tool that offers a highly customizable platform that sellers can easily understand. It has a 30-day trial period. If you pursue a subscription after the trial period, the billing comes every 30 days, but you can cancel the contract anytime you want.

Pricing

RepriceIt has 7 plans, and the prices are all based on the number of SKUs generated. Each plan follows a flexible schedule that the seller sets. You can formulate your profit margin and minimum price to make sure you always get the best price for your items.

  • $9.95 Basic Plan: 1 – 500 SKUs
  • $16.95 Basic + Plan: 501 – 2,000 SKUs
  • $24.95 Merchant Plan: 2,001 – 5,000 SKUs
  • $29.95 Merchant + Plan: 5,001 – 10,000 SKUs
  • $39.95 Pro Plan: 10,001 – 20,000 SKUs
  • $59.95 Pro + Plan: 20,001 – 50,000 SKUs
  • $79.95 Premier Plan: 50,001 – 100,000 SKUs

Reviews

10. Seller Dynamics

 

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Seller Dynamics is a one-stop repricer for Amazon. It offers automated and bulk repricing, control over your stocks and inventory, and supplier management. You can either choose to watch a demo to see how their repricing tool works or enroll in their 14-day trial.

Pricing

All Seller Dynamics’ plans have unlimited SKUs and marketplaces, automated repricing tools, and integrated stock control. Multiple users can also utilize any plan on the list. The pricing is based on annual gross sales.

  • $120 Small Biz Plan: $140,000 annual gross sales
  • $200 Standard Plan: $350,000 annual gross sales
  • $300 Standard + Plan: $700,000 annual gross sales

Advanced Plan: More than $700,000 in annual gross sales. To get the price for the Advanced Plan, you need to call Seller Dynamics directly to discuss your options with them.

Reviews

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11. Seller Republic

 

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Seller Republic is an Amazon and eBay repricer that offers repricing for international marketplaces. It offers an intelligent analysis tool with instant repricing, profit and loss calculator, and continuous chat support. Seller Republic offers a 14-day free trial period, which includes webinars and documentation.

Pricing

Seller Republic offers nine pricing plans to sellers with a 15-day free trial. The main difference for each plan is the active listings it can support. Here are the repricer plans Seller Republic offers: 

  • $28.95 Lite Plan: This repricing plan can accommodate up to 100 active listings. 
  • $48.95 Professional Plan: This repricing plan can accommodate up to 5,000 active listings. 
  • $98.95 Elite Plan: This repricing plan can accommodate up to 25,000 active listings. 
  • $168.95 Enterprise Plan: This repricing plan can accommodate up to 50,000 active listings. 
  • $278.95 Global Plan: This repricing plan can accommodate up to 100,000 active listings. 
  • $478.95 Galaxy Plan: This repricing plan can accommodate up to 250,000 active listings. 
  • $678.95 Universal Plan: This repricing plan can accommodate up to 350,000 active listings. 
  • $878.95 Cosmos Plan: This repricing plan can accommodate up to 500,000 active listings. 
  • $1478.95 Dimensional Plan: This repricing plan can accommodate up to 1,000,000 active listings. 

Reviews

12. Sellery

 

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Sellery is a real-time repricer that supports hundreds of pricing changes. Its methods adapt well to unique market conditions. Sellery features active net margin management and continuous market preview. Sellers can enjoy a 14-day free trial.

Pricing

Sellery offers a payment scheme where you pay them 1% of your monthly sales (gross). Sellery charges as low as $50 to as high as $2,000 monthly. For reference, here is an overview of the monthly payment plan: 

  • $50 Plan for sellers with $0 – $5000 gross monthly sales.
  • $85 Plan for sellers with $8,500 gross monthly sales.
  • $100 Plan for sellers with $10,000 gross monthly sales.
  • $250 Plan for sellers with $25,000 gross monthly sales.
  • $1,000 Plan for sellers with $100,000 gross monthly sales.
  • $2,000 Plan for sellers with $200,000 gross monthly sales.
  • $2,000 Plan for sellers with $300,000+ gross monthly sales.

Reviews

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13. Profit Protector Pro

 

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The Profit Protector Pro, like NuPrice Repricer, is also a relatively new Amazon repricing tool available on the market. It is an advanced algorithm-based Amazon repricer that has 6 strategies, an Amazon repricing Chrome extension, and a user-friendly interface.

Pricing

All Profit Protector Pro plans include access to various marketplaces, a Chrome extension and 14-day money-back guarantee, and a free setup fee.

  • £34.95 Plan: This plan is a monthly program that processes 1,000 SKUs. It is best for beginners to intermediate sellers.
  • £39.95 Plan: This plan supports 5,000 SKUs. It is perfect for intermediate to advanced sellers.
  • £44.95 Plan: This plan caters to 10,000 SKUs and is for advanced to professional sellers.

Reviews

Conclusion: Choose the Best Amazon Repricing tool in 2024 for Business Success

Before subscribing to any of the Amazon repricing tools above, make sure to do a thorough assessment of your business goals and needs. Utilizing a repricer when selling on Amazon is a huge factor in seller success.

We at Seller Snap aim to help businesses scale. Sign up for a 15-day FREE trial today.

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Different Types of Repricing Methods Amazon Sellers Can Use to Improve Their Price Management Strategy https://www.sellersnap.io/different-types-amazon-repricing-methods/ https://www.sellersnap.io/different-types-amazon-repricing-methods/#comments Wed, 21 Sep 2022 04:27:13 +0000 https://www.sellersnap.io/?p=20070 Since the Amazon marketplace is highly active, Amazon sellers utilize Amazon seller tools to obtain a competitive advantage. One of the widely utilized Amazon tools is an Amazon repricer. If you wish to improve your price management strategy, the use of repricing software is highly recommended. 

In this article, we will discuss some of the Amazon repricing strategies and repricing tools you can use to improve your Amazon business. 

What Is Repricing?

Before we delve deeper into the best repricing strategies for Amazon sellers, it is best to refresh our understanding of what repricing is. 

Repricing is one of the tools online sellers use to keep their price management strategy effective. Whether you are selling on Amazon, Walmart, or other online selling platforms, repricing is inevitable. 

According to the Merriam-Webster dictionary, repricing is the “changing of price.” In the context of eCommerce, repricing can be defined as the method or strategy of updating product prices in real-time by means of a repricing software or Amazon repricer

Repricing strategies are implemented to facilitate the necessary price adjustments to keep listing prices on a competitive level. Thus, allowing sellers to maximize the conversion rate of their online store. 

Some of the commonly utilized eCommerce repricing strategies are Manual Repricing, Rule-Based Repricing, and Automated Repricing

Different Repricing Strategies for Enhanced Price Management

 

 

Like any other business, your Amazon business requires careful planning, preparation, and execution of strategies. Optimizing your eCommerce business operations will require a robust price management strategy. To do so, here are some of the best repricing strategies you can incorporate into your business. 

Manual Repricing

Manual repricing is one of the common repricing strategies you can implement for your business, whether you are operating on Amazon or other eCommerce websites. This repricing strategy pertains to manually adjusting the listing price to compete with the price set by other sellers.

Despite the technological advancement and the availability of sophisticated third-party repricing software, some sellers choose to adjust their listing prices manually. 

Some Amazon sellers prefer the manual repricing strategy over other repricing strategies because they can maintain full control over price adjustments.  

Is Manual Repricing Strategy Best for Your Business? 

This repricing method is highly recommended for sellers with less competitive items on their listings. 

Manual repricing is ideal for sellers who have few direct competitors and have the time to make frequent manual price adjustments. For instance, manual repricing can benefit from low-volume Amazon sellers, handmade sellers, or sellers with limited product catalogs. 

In contrast, high-volume sellers using this repricing method will find it difficult and time-consuming to adjust listing prices constantly. Furthermore, constant manual price adjustments of multiple listings can sometimes result in incorrect listing price entries, which may result in costly pricing errors. 

Rule-Based Repricing 

Another popular repricing method is rule-based repricing. True to its name, rule-based repricing operates within predefined rules. It simply means that a rule-based repricer adjusts listing prices based on the rules set by the seller. 

Some of the common predefined pricing rules readily available on a rule-based repricer may include but are not limited to the following: 

  1. Match Buy Box Price
  2. Target the Lowest Price 
  3. Undercut the Buy Box Price
  4. Target the Lowest FBA Price 
  5. Beat the Competition by a Certain Amount
  6. Beat the Competition by a Certain Percentage

When a particular rule has been established and the marketplace scenario fits within pricing rule parameters, the rule-based repricer adjusts the listing price. Hence, some online sellers consider rule-based repricing an unpolished form of automated repricing. 

Amazon provides sellers with an “Automate Pricing” tool to facilitate rule-based repricing for free. Some of the rules available on the Amazon Automate Pricing tool include:

  1. Competitive Featured Offer: This repricing rule allows you to set your listing price to be below, match, or above the Buy Box offer. 
  2. Competitive Lowest Price: Choosing this price rule will let you set the listing price to be below, match, or above the lowest price. 
  3. Competitive External Price: This repricing rule means that the price of your SKU can match or be capped at the External Price. External price refers to the item’s lowest price from other retailers, which does not include prices from other Amazon sellers.
  4. Based on Sales Units: This price rule means that you can decrease your listing price based on the sales volume target you select within a set time period. 

If you want to learn more about how Amazon’s version of the rule-based repricing works, you can check the video presentation below:

 

 

Is Rule-Based Repricing Strategy Best for Your Business?

The rule-based repricing method, whether used for Amazon or other eCommerce websites, is ideal for sellers who have no time to adjust their individual listing prices manually. The predefined rules readily available on the repricer makes price adjustments more convenient for sellers. 

However, Amazon sellers should also take into consideration that this repricing method operates under the assumption that when the price is lowered, sellers can win more Amazon Buy Box. In such a case, the rule-based repricer aims to undercut the competitors’ listing prices based on the set pricing rules. 

Moreover, since a purely rule-based repricing method focuses on outpricing competitors, it can be prone to price wars detrimental to your profit margin. Worth noting that price rules can sometimes become conflicting and will likewise require constant management and editing. 

Automated Repricing 

Automated repricing, sometimes known to the eCommerce industry as AI or algorithmic repricing, is a more advanced repricing method. Its fully automated repricing process distinguishes this method from manual and rule-based repricing. 

This repricing method utilizes AI repricer or algorithmic repricing software to ensure that your listing prices are properly optimized. Unlike other repricing strategies that are prone to human error and biases, the automated repricing method will take into account multiple relevant factors before making any price adjustments. 

A typical AI repricer considers marketplace price notifications, competitors’ price change and behavior, crucial seller metrics, and the overall market conditions to set the best possible prices for your listings. 

In some cases, an AI repricer can even predict behavioral changes of competitors based on the collected data from Amazon. Furthermore, its advanced technology can combine AI repricing with predefined rules and conditions to help you customize your price management strategy

Is Automated Repricing Strategy Best for Your Business?

High-volume sellers with highly competitive products can maximize the benefits of automated repricing. With the help of an AI repricer, sellers can avoid emotion-driven price adjustments while saving time and effort in the process. 

Using an AI repricer can help you quickly adapt to your competition and minimize the margin of error that can adversely affect your profit margin. You can obtain a competitive pricing advantage with a little effort through automated repricing. 

The fee involved is perhaps the only thing that concerns sellers the most about automated repricing. Unlike manual and rule-based repricing, which has free-to-use options from Amazon, utilizing AI repricing strategy comes at a reasonable price. 

However, the good thing about these third-party Amazon seller tools is that they allow sellers to use their products for free within a limited period. Thus, allowing sellers to create a well-informed and experienced-based purchasing decision. 

Which Repricing Method Should You Choose?

Some Amazon sellers looking for complete control over their product pricing activities will likely choose manual repricing. However, such a strategy will consume the precious time of sellers, especially when monitoring competitors’ prices and applying price changes to their listings. 

On the other hand, rule-based repricing will minimize the required time for monitoring and price change application. However, price change accuracy and profitability are sometimes sacrificed, especially when chosen price rule parameters contradict each other. 

Going beyond manual and rule-based repricing, you have the option to choose automated or AI repricing for your online business. 

The reliable computer algorithm or AI of an automated repricer can automatically set your listing prices based on all known market conditions and relevant seller metrics that help achieve your business goals. 

You can expect that with an automated or AI repricing method, you can obtain a tailored price adjustment directed towards surpassing competitors while safeguarding your profit margin. 

However, despite all of the facts mentioned concerning repricing strategies, choosing a repricing method for your business largely depends on the size of your business operation, your business goal, your budget, and your desire for growth and expansion.

 

 

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Understanding Amazon Automated Repricing: Benefits of Using an AI Repricer https://www.sellersnap.io/benefits-of-ai-repricing-software/ https://www.sellersnap.io/benefits-of-ai-repricing-software/#comments Mon, 19 Sep 2022 02:08:26 +0000 https://www.sellersnap.io/?p=20066 Since competition is tough in the Amazon marketplace, Amazon sellers rely on various strategies to outperform competitors. One of the strategies employed by Amazon sellers is automated repricing through an Amazon repricer.

What Is Repricing and Repricing Software? 

Repricing on Amazon pertains to changing the listing prices on the Amazon marketplace. Third-party merchants rely on a repricing strategy to offer the best product prices to Amazon shoppers. 

With the increased competition in the Amazon marketplace and the market’s exponential growth, Amazon sellers turn to automated repricing to quickly adjust the prices of their product listings, regardless of the quantity of the listings. 

To help Amazon FBA or FBM sellers facilitate automated repricing strategy, sellers use automated repricing software such as AI repricers

Quick Overview of Repricing SoftwareAI Repricer

In general, repricing software allows Amazon sellers to quickly perform price adjustments to keep up with market competition. With the help of repricing software, an AI repricer in particular, Amazon sellers can automatically change the price of their listings. 

Depending on the market conditions, an AI repricer can help sellers raise or lower their listing prices to beat their competitors. However, apart from simply adjusting listing prices, a sophisticated AI repricer like Seller Snap offers more than just price change. 

An advanced AI repricer can detect the behaviors of multiple competitors and tailor price adjustments to outsmart them. It can also provide an overview of the seller’s performance through analytics that helps sellers make  well-informed decisions. 

Why Repricing Matters?    

An automated repricing method matters for sellers because it can help them stay competitive in a marketplace where about 2.5 million product price changes happen daily. An AI repricer can help sellers automate the repricing process, allowing improved business efficiency. 

 

 

How Does an AI Repricer Benefit Amazon Sellers?

To better understand why repricing matters and why an AI repricer is a must for high-volume Amazon sellers, here below are some of the known benefits of using AI repricing software to facilitate automated repricing methods

 

photo-of-ai-amazon-repricer

Prevents Emotion-Driven Decisions 

Emotional decision-making affects not just the outcome of the decision you will be making as a seller but also the speed at which you make such a decision. Hence, it is crucial always to keep your emotions at bay when handling your Amazon business, especially when repricing your listings.

When you are angry about a particular market situation, you tend to be impatient and rashly decide on things. On the other hand, when you are too excited about a particular aspect of your business, you might make quick decisions without considering the potential outcome. Moreover, if you are afraid, you might end up not deciding at all. 

To avoid emotional decision-making when pricing your Amazon products, you can always turn to an AI repricer. This Amazon seller tool can automate the pricing process based on market conditions without being bothered by fear, anxiety, or too much excitement. Thus, keeping the pricing process as objective as possible.

Decreased Errors 

The best thing about an AI repricer is that it will evaluate essential factors for repricing, including competitor’s behavior, price changes, notifications, and overall market conditions, before adjusting the listing price. Thus, minimizing the margin of error. 

Apart from that, using an AI repricer also decreases human errors that are commonly experienced when you use a manual repricer. Unlike a manual repricer, there is no need for constant manual updating of prices, which can sometimes lead to confusion and incorrect encoding of the listing price. 

Real-Time Reaction

Besides decreasing human errors when adjusting listing prices, an AI repricer also improves your repricing speed and reaction time. In contrast to manual repricers, automated repricing software uses real-time data to make instantaneous repricing decisions. Thus, keeping your Amazon business highly competitive. 

More Buy Box, More Sales 

Whether you are enrolled in Amazon FBA or an FBM program, winning the Amazon Buy Box is at the top of your list of priorities. The Amazon Buy Box is responsible for about 90% of total sales in the Amazon marketplace, which is why sellers compete for their fair share of the Buy Box. 

 

amazon-buy-box-representation

 

If you are still new to Amazon, the Amazon Buy Box is a primary real estate on the product detail page where the “Add to Cart” and “Buy Now” buttons are located. The Amazon algorithm determines whose listings will be featured on the Buy Box.

One of the factors evaluated by the Amazon algorithm when awarding the Buy Box is the price. In order to optimize the price point of your listings to a competitive level, you can use AI repricing software to automate the process and increase the likelihood of winning the coveted Buy Box on Amazon. 

Opportunity for Software Integration

A more sophisticated AI repricer will allow for software integration. Through seamless software integrations, Amazon sellers can streamline their business processes. A software integration will also enable sellers to perform quick adjustments on a single platform instead of changing from one platform to another.  

Simply put, Having an option for software integration can provide Amazon sellers with a competitive advantage and better workflow efficiency. 

Saves Time and Money

One of the practical benefits of using repricing software is the time and money you can save when incorporating it into your Amazon business. Concerning the time aspect of the business, AI repricers can help you automate the repricing process. It gives you more time to attend to other aspects of the business, such as advertising, customer support, or inventory management. 

Furthermore, using this Amazon seller tool can also help you save money as it helps minimize your need for additional human resources and potential overhead expenses that may come with hiring additional staff for your Amazon business. 

Maximizing the Business Potential

With a highly competitive marketplace like Amazon, it is advantageous for sellers to utilize available resources to maximize their business potential. With its known benefits mentioned above, it is not surprising that top Amazon sellers use an AI repricer to enhance their Amazon business significantly. 

To further maximize your earning potential and customer reach, you can also complement a repricing software with other valuable Amazon seller tools such as Amazon advertising tools, feedback tools, and inventory management software.

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IMO: Seller Snap’s Take On Amazon Price Alerts and the Solution. https://www.sellersnap.io/imo-seller-snaps-take-on-amazon-price-alerts-and-the-solution/ https://www.sellersnap.io/imo-seller-snaps-take-on-amazon-price-alerts-and-the-solution/#comments Tue, 19 Jan 2021 11:35:05 +0000 https://www.sellersnap.io/?p=15670 In my opinion, 2020 was the year of a pandemic, and Amazon price alerts and deactivated listings.

I’m not talking about Amazon removing entire listings. No, this is a new kind of deactivation, one that is more temporary, but arguably more annoying. I’m talking about high pricing errors.

Price gouging aside, the most commonly observable – and solvable – reason for deactivations is due to a little known feature often referred to as the Amazon Price Guard.

In order to understand what the Amazon Price Guard is, it’s best to understand why it exists.

Many years ago, before Seller Snap was founded, there was a situation in which a third-party pricing tool mistakenly repriced a seller’s listings to one-penny. Amazon’s algorithm caught the mistake and managed to cancel a portion of the orders. But for many it was too late, the damage had been done and the seller incurred significant losses.

Amazon’s response was to create a Price Guard which acts as an upper and lower threshold to protect sellers from third-party software and user-errors.

Even though Seller Snap never reprices outside of your min/max range, in an effort to continually offer advice regarding best practices, Seller Snap encourages the use of this tool. The Amazon Price Guard is a last line of defense from user oversight, as an incorrectly calculated minimum price in a CSV import.

So, how can sellers actually ensure they are engaging in the best practices regarding the price guard?

Try AI repricing today to maximize your profit and avoid Amazon price wars.

No set-up required, simply turn repricing on and let the AI do all the work

Book A Demo

Firstly, min & max prices in your repricing software should be closely aligned and within your min & max prices in Seller Central – this way the repricer has some room to safely do its job.

Should an item become deactivated due to this issue, it can be fixed from within the Fix Pricing Alerts section of Seller Central.

Over time, many Seller Snap customers have indicated that they have never actually utilized the price guard – so we want to simplify this process.

Today, Seller Snap is announcing a user-activated solution that will push new min & max values from within the Seller Snap dashboard directly to Seller Central with a click of a button.

Deactivations due to pricing errors are somewhat inevitable. But we can take steps to help mitigate this issue and keep on selling.

If 2020 was the year of pricing errors, make 2021 the year of active listings.

Note: This article was first published on January 18, 2021, under the author’s LinkedIn account

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What is the Fastest Amazon Repricer to Win the Buy Box? https://www.sellersnap.io/fastest-amazon-repricer-winning-buy-box/ https://www.sellersnap.io/fastest-amazon-repricer-winning-buy-box/#comments Thu, 01 Oct 2020 01:10:00 +0000 https://www.sellersnap.io/?p=14556 The eCommerce industry is extremely competitive, especially Amazon. With the growing population of Amazon sellers, optimizing your Amazon store is a distinguishing competitive advantage. Increasing sales and profits is a priority for Amazon sellers, which is why they advocate the use of Amazon repricers.

Why Repricing Speed Matters in Winning the Buy Box

 

Assuming that you have already sufficed Amazon Buy Box eligibility requirements, repricing is one of the most important factors to consider afterwards. As an Amazon seller, your ability to quickly reprice your Amazon products can help generate more sales through winning the Amazon Buy Box, sellers should monitor buy box.

For every Amazon seller, winning their share of the Buy Box is essential since the majority of the sales on the Amazon marketplace come from Buy Box offers. Hence, it is crucial for your product to be listed in the Buy Box. 

However, winning the Buy Box through traditional repricing methods can be quite demanding and time-consuming, especially if you have numerous products in your Amazon inventory. For that matter, top Amazon sellers utilize AI Amazon repricers to maximize their repricing strategy and increase their chances of winning the Amazon Buy Box.                                    

What Are the Main Repricer Categories?

A repricer can be categorized into two categories, namely, manual and automated repricers. Manual repricers as its name would suggest require manual inputting of the product price. 

With manual repricing, if you have a high volume of inventory, you will have to devote substantial time inputting product prices and manually adjusting them daily if you wish to win the Buy Box. This somehow requires sellers to constantly monitor buy box. Hence, making such a process time consuming and repetitive.   

On the other hand, automated repricers automatically adjust the Amazon listing price often in real-time and in response to price changes of competitors. However, within the automated repricer category, there are rule-based repricers and AI repricers. 

In terms of winning the Buy Box, rule-based repricers will assist you in winning the Buy Box, but they often cause aggressive price wars, thereby damaging profits. AI repricers on the other hand are much more strategic, assessing the specific scenario and adjusting price based on competitor behavior and predicted competitor price changes.   

However, when comparing repricers in terms of speed, there are no significant differences. All third-party repricing solutions are held to the same quota by Amazon. Since Amazon only allows 30 price feeds per hour, ideally, repricers shouldn’t reprice faster than every 2 minutes.  This somehow dispels the notion of a singular fastest Amazon repricer.

What Is Amazon AI Repricing?

An AI repricer is based on an advanced algorithm that uses artificial intelligence to automatically change product prices based on specific factors. In other repricing discussions, AI repricers are sometimes called automatic repricers or algorithmic repricers.     

Amazon sellers consistently aim and compete for the Amazon Buy Box, which is of course, prime real estate. This can often result in Amazon price wars since sellers keep undercutting one another in order to dominate the Buy Box.       

Such a strategy has been proven risky and less productive. While sellers quickly drop their price to compete with other sellers’ price point, the Buy Box price will likewise decline to a point where profit margin loss is experienced by the lowest bidder despite being awarded the Buy Box. 

Without the most advanced algorithmic software, data-driven Amazon marketplace insight, and operational expert assistance of an Amazon AI repricer, sellers will have to contend with low sales and low profit margin. 

AI repricers analyze thousands of price decisions every minute to detect the behavior of your competitors and automatically select the optimal strategy to outsmart your competition. This results in gaining Buy Box share at the highest possible price. 

Reasons to Consider an AI Repricer       

As previously mentioned, an AI repricer is one of the must-have Amazon seller tools to help increase your chances of winning the Amazon Buy Box. In today’s eCommerce landscape, aggressive pricing strategies do not always yield success.                  

To be successful in the Amazon marketplace, Amazon sellers should learn not to rely on undercutting prices in their attempt to garner a spot in the Buy Box. The same thing applies to constant and endless manual updates to the Amazon product price. 

The most important contribution of an AI repricer to your Amazon business is the competitive advantage it brings in terms of strategic and automated repricing. Being competitive with your price is critical if you wish to succeed in the online selling business.

In one of the surveys reported by Statista, it was found out that “70 percent of respondents stated that competitive pricing was the most important factor that influenced them to shop with a particular online retailer.” 

With an AI repricer forming part of your Amazon seller tools arsenal, you can easily and quickly stay on top of competition without having to constantly monitor competitors’ pricing and marketplace situations. 

It is the speed and accuracy of an AI repricer that gives Amazon sellers a competitive advantage over competitors. This somehow results to the idea that AI repricer is the fastest Amazon repricer type. 

What to Look for in an AI Repricer  

Easy To Use: When it comes to an AI repricer, you do not want to spend a lot of time simply learning the user-interface of the repricer. Choose a repricer that is very easy to use.                                                                     

Efficient Connectivity: Other criteria to check would be the seamless connectivity of the repricer. Repricers should easily connect with Amazon application programming interfaces (API) to extract data and send data as well. You should avoid repricers that are known for their poor AWS API connectivity. 

Reliable: It is imperative that when using an AI repricer, it should not be prone to system errors. 

Flexible: Another factor to check in Amazon repricers is its flexibility. A repricer should be able to adjust its settings depending on the marketplace situation and user preference. 

The product listing price is just one of the metrics being assessed by the Amazon algorithm for awarding the Buy Box. There are other factors the Amazon algorithm considers.                                                                                                                                                 

To complement the Amazon AI repricer in its objective of providing a dynamic pricing strategy for winning the Buy Box at a higher price point, here are some other important Amazon seller tools to consider.                  

Complementary Seller Tools For Buy Box Optimization

Feedback Tools

Positive feedback coming from Amazon shoppers is a crucial element for winning more Amazon Buy Box. The more recent the feedback, the better its impact and influence on the Buy Box algorithm.

In order to encourage more reviews and comments from previous Amazon customers, the use of feedback tools is highly beneficial. Feedback tools will automatically send customized reminders for your Amazon store customers to leave feedback. 

Additionally, feedback tools are also a reliable tool to help you conveniently monitor feedback on your Amazon store, including both positive and negative feedback.

Inventory Management Software

Properly managing your inventory is an important ingredient for Amazon success. That is why top Amazon sellers make use of inventory management tools to innovate their Amazon business.

With the help of an inventory management tool, sellers can easily update, manage, and be notified of important inventory management tasks and requirements. With just a single interface, Amazon sellers can get a bigger picture of their current inventory status. 

Keyword Research

Keyword research tools drastically improve your Buy Box winning rate because they influence Amazon search results. With this particular Amazon seller tool, sellers will be guided on which keywords should be properly utilized to optimize listings appropriately. 

Keyword research tools give Amazon sellers an idea of which specific keywords are ranking or trending. Thus, resulting in product listings to appear on the top pages of Amazon SERP. 

Product Research Tool

In relation to keyword research tools, a product research tool provides sellers an idea of which items are highly saleable or trending in a specific quarter, year, or season. 

With this particular tool, sellers are given a preview of accurate sales data for various Amazon products online and their market performance. Hence, allowing sellers to decide which products are worth investing in for their future inventory expansion or for product sales’ consistency.                                                                

Additionally, with product research tools, sellers get the opportunity to avoid items that are likely to go stale if included in their inventory. 

Advertising Tools

Advertising plays a significant role in increasing sales and store engagement, which in turn also helps in increasing the Buy Box win rate. For that matter, it is suggested that sellers should utilize Amazon’s advertising solution and tools. 

These advertising tools and solutions have been proven to improve overall store performance. The majority of top Amazon sellers consider Amazon ads as an essential part of their growth strategy. Through Amazon advertising, products, brands, and stores can be discovered and reach more customers. 

Some of the highly suggested Amazon advertising solutions include, but are not limited to Amazon Sponsored Brands and Amazon Sponsored Display. 

Product Content Tools   

Providing a dynamic content experience for customers allows for a better shopping experience and improved discoverability. With this particular Amazon seller tool, Amazon sellers will be able to create unique and more relevant listing content, including product descriptions and product guides. 

The abovementioned Amazon seller tools are intended to help Amazon sellers correctly optimize their store. Along with a dynamic repricing strategy advanced by algorithmic repricers, these seller tools will greatly improve your store performance. 

Upgrade Your Amazon Repricer Today

One of the highly tested brands in the Amazon repricing industry is Seller Snap.       

Seller Snap is capable of automatically applying the best pricing strategy for any given situation since its algorithm is based on the Game-Theory principle. Thus, giving you more edge in winning the Amazon Buy Box at the highest possible price. 

We offer a reliable, fast & efficient, easy to use, and flexible AI repricer. As a testament to its flexibility, sellers can effortlessly transition from AI setting to a rule-based setting within seconds. 

If you wish to try Game Theory Repricing with Seller Snap, sign up for a free 15-day trial.

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Seller Snap Introduces In-App Business Pricing and Quantity Discount Functions https://www.sellersnap.io/seller-snap-introduces-business-pricing/ https://www.sellersnap.io/seller-snap-introduces-business-pricing/#comments Fri, 25 Sep 2020 01:10:27 +0000 https://www.sellersnap.io/?p=14639 Seller Snap is committed to providing a faster and more powerful experience for users. We are dedicated to delivering not just the best customer service, but also a premium user experience in terms of app performance.  

In view of such a goal, Seller Snap just launched Business Pricing and Quantity Discount within our software. We want to help our clientele become more efficient and effective with their Amazon businesses by providing uncomplicated and easy to use features and functions. 

What Is the Update All About?

In order to boost the functionality and software capability of Seller Snap, we are introducing Business Pricing and Quantity Discount functions. These new features are integrated into the Seller Snap platform.

The newly integrated Business Pricing feature will allow users to set up business price discounts through Seller Snap. This feature allows sellers to offer a discounted price for shoppers who are using Amazon’s business accounts while circumventing the complicated feed-file process. 

Within the Business Pricing function, sellers have access to the Quantity Discount feature. With this new feature, sellers can now set up to 5 tiers of quantity discounts. If an Amazon business account holder purchases the minimum number of units specified in the tier, customers will receive a discount per item based on the Business Price.   

Why Is the Update Being Introduced? 

In a published statistical data by Statista in 2018, it was revealed that the global number of Amazon Business Accounts has increased up to 400,000 from December 2015 to June 2016. 

Although Amazon is yet to disclose its current and updated number of business account holders worldwide, it can be surmised that figures must have increased over the past years. Thus, Amazon sellers should take advantage of this growing customer segment. 

In order to assist Seller Snap customers in maximizing their Amazon business, the Business Pricing function has been integrated into the application. With the help of the previously discussed features, Seller Snap clients are given the opportunity to further increase profitability, while improving and expanding customer engagement.

How to Take Advantage of the Software Update

Seller Snap is not only known in the market as a reliable Amazon repricer. We are also sought by Amazon sellers because of the convenient user-interface. 

In order to take advantage of the in-app integration, current Seller Snap customers simply need to enable the Business Pricing feature via 4 simple steps.    

 

amazon-repricer-interface

 

If you want to find out how these newly integrated features work, you may CLICK HERE

Take Advantage of Our Repricer Technology Today!

As mentioned above, Business Pricing is available to all current Seller Snap users. However, for Amazon sellers still searching for a reliable Amazon repricer packed with functionalities that are easy to use, try Seller Snap’s 15 Day Free Trial – No Credit Card Required.

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Seller Snap’s Amazon Auto Price Adjustments – Adjusting Min & Max Prices With Seller Snap https://www.sellersnap.io/setting-min-max-price-amazon-repricer/ https://www.sellersnap.io/setting-min-max-price-amazon-repricer/#comments Tue, 01 Sep 2020 01:10:03 +0000 https://www.sellersnap.io/?p=14093 Amazon Auto Pricing: Setting Min & Max Prices With Seller Snap

As one of the best Amazon repricers on the market today, Seller Snap offers both semi-manual and automated Amazon repricing functions for sellers. With an advanced user interface, Amazon sellers can set their minimum and maximum item prices based on the costs incurred and markup value. 

Seller Snap has a built-in Amazon min/max calculator which can be used for both FBA and FBM sellers. The min/max calculator is a way for you to set your min and max prices based on your costs and markup. The calculator will take into account your purchase cost and any additional costs and Amazon fees Amazon auto pricing solution

With Seller Snap, improved and flexible Amazon auto price adjustments can be made. Thus, making Seller Snap a reliable Amazon auto pricing solution for sellers who wants to have a less burdensome Amazon business.

Activating the Auto-Adjust Feature

When it comes to e-Commerce and managing an Amazon store, time is of the essence. For that matter, many leading Amazon sellers rely mostly on automated Amazon repricers for efficient Amazon auto price adjustments.

An automated Amazon repricing strategy will undoubtedly be faster as compared to total manual repricing. As a result, less time would be spent by sellers on their Amazon repricing strategy and more time can be allocated to other important aspects of the business, such as Amazon SEO, replying to feedback, and checking for potential Amazon glitches

To further benefit Amazon sellers, Seller Snap built a function called Auto-Adjust and when enabled, min and max prices of product listings will be automatically calculated based on cost (inclusive of purchase cost, any additional costs, and Amazon fees associated) and intended markup. 

As well as this, anytime costs or fees change,  this feature will automatically make the necessary adjustments to the min and max price of a particular listing. This means that sellers don’t need to constantly adjust their min and max prices when circumstances change. 

To find out more about how Seller Snap’s Auto-Adjust feature can benefit your store, book a call with a Seller Snap representative today.

screenshot-seller-snap-dashboard

 

 

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