Repricing Rule Feature: Competition found outside Min and Max prices Settings
-Compete with Lowest Price
-Compete with Buy Box Price
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When Competing with Lowest Price
Users now get more flexibility to specify different repricing Rule responses to cope with different scenarios for No competition between Min and Max prices settings.
When competing with the Lowest Price in the Amazon marketplace, we can anticipate there are three kinds of possible competition scenarios outlined below.
1. All competitor prices are below the Min Price you set in Repricing Central
|
$ 30 |
Your Max Price |
|
$ 22 |
Your Price |
|
$ 21 |
Your Min Price |
|
$ 20.8 |
Competitor 1 |
|
$ 20.5 |
Competitor 2 |
|
$ 20.3 |
Competitor 3 |
|
$ 20.1 |
Competitor 4 |
|
$ 20 |
Competitor 5 |
2. All competitor prices are above the Max Price you set in Repricing Central
|
$ 26.8 |
Competitor 5 |
|
$ 26.5 |
Competitor 4 |
|
$ 26.3 |
Competitor 3 |
|
$ 26.1 |
Competitor 2 |
|
$ 26 |
Competitor 1 |
|
$ 25 |
Your Max Price |
|
$ 22 |
Your Price |
|
$ 20 |
Your Min Price |
3. When the competitor prices are diverse, some competitors price may be distributed above your Max Price while some are distributed below your Min Price.
|
$ 25.5 |
Competitor 5 |
|
$ 25.2 |
Competitor 4 |
|
$ 25.1 |
Competitor 3 |
|
$ 25 |
Your Max Price |
|
$ 23 |
Your Price |
|
$ 21 |
Your Min Price |
|
$ 20.8 |
Competitor 1 |
|
$ 20.7 |
Competitor 2 |
Versatile Repricing Response
We separate the settings corresponding to the three different competition scenarios. Offering more flexible settings to users in an effort to specify different repricing response to tackle different competition scenarios.
Follow the instruction below to find the No Competition between Min & Max Price.
Step 1: Go to Repricing Rule page and move down to Get Buy Box>>Competition found outside Min & Max, you will see three settings corresponding to the three scenarios as discussed before.
Step 2: There are five variables in each scenario including “Do Not Reprice”, “Min Price”, “Max Price” , “Fixed Price“ and “Your Price” to specify the repricing response.
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When Compete with Buy Box Price
When competing with the Buy Box Price in the Amazon marketplace, we can anticipate there are two kinds of possible competition scenarios outlined below.
1. The Buy Box winner offers a price below the Min Price you set in Repricing Central
|
$ 23.5 |
Competitor 3 |
|
$ 23 |
Your Max Price |
|
$ 22.5 |
Competitor 2 |
|
$ 22 |
Your Price |
|
$ 21.5 |
Competitor 1 |
|
$ 21 |
Your Min Price |
|
$ 20.5 |
Buy Box Price |
2. The Buy Box winner offers a price above the Max Price you set in Repricing Central
|
$ 23.5 |
Buy Box Price |
|
$ 23 |
Your Max Price |
|
$ 22.5 |
Competitor 3 |
|
$ 22 |
Your Price |
|
$ 21.5 |
Competitor 2 |
|
$ 21 |
Your Min Price |
|
$ 20.8 |
Competitor 1 |
Versatile Repricing Response
We separate the settings corresponding to the two different competition scenarios. Offering more flexible settings to users so they can design different repricing to tackle when different competition scenarios happen.
Step 1: Go to Repricing Rule and move to Repricing Settings>>Buy Box Winners found outside Min & Max, you will see three settings corresponding to the two scenarios as discussed above.
Step 2: There are five variables in each scenario including “Do Not Reprice”, “Min Price”, “Max Price” , “Fixed Price“ and “Your Price” to specify the repricing response.
