Why You Need an Amazon Repricing Tool to Stay Competitive
Pricing on Amazon is a constant battle. Too low and you sacrifice sales; too high, and you lose profits. Manual price adjustments can be a time-consuming task, so automated repricing tools are essential for staying competitive. Look for a repricing tool that has customizable rules that can take into account your desired profit margins and goals. 1. Increased Sales Prices change on Amazon frequently, and often multiple times within an hour. To keep up manually, you would need to dedicate a massive amount of man-hours which would critically neglect other areas of your online business. Repricing tools allow you to set rules or algorithms that stay on top of every price fluctuation, regardless of if it’s up or down. The best repricing software can also increase your chances of winning the Buy Box, which accounts for 80-90% of all sales. To do so, the software takes into account a wide variety of factors, such as inventory levels and fulfillment methods, but most importantly, price. T...