Sales Frequency repricing
Let us now understand and define your marketplace repricing rules (With an example).
For the sake of understanding, let us assign the Start price of the listing as $100
Decrease listing prices using repricer.
- Drop the price of my item by 2% if I do not sell atleast 1 units in 2 days.
This means that if you're unable to sell an an item within 2 days, the prices will be dropped by 2%
- Continue to drop the price by 5% every 1 hour until I make a sale.
This rule is assigned to speed up the rate of price decrements, after Rule 1 has been activated, this rule will drop the prices further by 5% every hour till a sale is made.
Increase price of listings using repricer.
- Increase the price of my item by 2% if I sell atleast 1 units in 2 days.
This means that if you've sold an item within 2 days, on the 3rd day the price of the listings will increase by 2%.
- Continue to increase the price by 2% as long as I sell a unit every 1 hours.
This rule is assigned to speed up the rate of price increments, after Rule 1 has been activated, this rule will raise the prices further by 2% every hour.
Generate an alert if items do not sell within a given number of days
If any of your marketplace item does not sell within a given number of days, you can choose to:
- End the listing
- Assign a specific tag
- Send an email
Set the minimum and maximum price for items at global level
While setting your repricer, it is very important to set a minimum price and maximum price for items so that they do not reprice so high that no one would buy it, or go so low that you actually end up selling your item in a loss.
NOTE: The min & max prices set at the item level will be always take precedence over the min & max percentages set here.