If you want to grow your Amazon business, sooner or later you will consider using a re-appraiser. Once the head-scratching is over, you should know which Amazon repurchase program is best for you.
There are a number of software solutions that are being evaluated. They differ in price, quality and basic functionality.
The two most common types are rule-based re-estimators and algorithmic re-estimators. With rule-based revaluations, you define the rules for your competition rules. With algorithmic revaluations, you allow the revaluation software to compete entirely on your behalf.
We have compiled a list of benefits that Amazon repricer offers you.
1. Respond immediately – in real time
Pricing allows you to react quickly when a competitor changes their price or runs out of stock. If you are going to invest in a revaluation device, make sure it offers real-time revaluation. Many re-appraisers have delays of up to an hour before they respond and re-appraise the product. This is a long time in e-commerce. the opportunity may have already passed you by.
Real-time repricing means you take advantage of price changes instantly and are always one step ahead of your competition.
2. Win more Buy Box
Automatically adjusting your prices to compete with competing sellers increases your chance of winning the Amazon Buy Box. That is the main advantage of a re-appraiser. 82% of all Amazon sales go through the Buy Box. Mobile shoppers, a rapidly growing population, are more influenced by the Buy Box because fewer alternative sellers are featured there.
3. More sales
Make sure your appraiser is doing the work so you don’t have to constantly monitor your competitors. Automatically adjusting your prices, within the range you set, gives you the best possible chance to sell every time.
4. Compete on your own terms
While price is a crucial factor, Amazon uses a complex algorithm to award the Buy Box. Other measures such as feedback rating, seller rating, customer support response times, delivery time and stock levels are also taken into account.
A robust revaluation strategy must respond to a variety of competitive scenarios. Defining your own rules with rule-based revaluation allows you to do this and compete in a super-granular way under your control.
5. Achieve the best possible profit
In some cases, higher priced products may win the Buy Box over cheaper ones, for example when you have a better review than your competitor. Software should be re-evaluated depending on the situation. You need to be able to tweak your strategy to get the highest bid and still win the all-important Buy Box.
6. Upload your products in bulk
Anything that saves time and gets the job done in the most efficient way is a winner. Regardless of the size of your inventory, the ability to upload multiple SKUs is invaluable, you should also be able to disable individual items with a single click if required.
7. Control your net margin
A common problem for sellers is knowing their true net margin after all selling expenses are taken into account. Sales fees, listing fees, VAT, shipping costs, the list goes on. the final selling price does not always reflect your actual margin. Advanced revaluations allow you to enter your cost of sales and pre-specify your desired margin, ensuring you make a profit on every sale and can predict your margins.
Which revaluation software is best for you?
Choosing the right revaluation software is a decision that should not be taken lightly. Don’t be fooled by the “set it and forget it” approach that some companies take. A revaluer should take the hassle out of manually revaluing inventory and give you peace of mind that your pricing is always competitive.
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