{"id":9984,"date":"2017-06-20T14:02:21","date_gmt":"2017-06-20T13:02:21","guid":{"rendered":"http:\/\/www.repricerexpress.com\/?p=9984"},"modified":"2020-04-28T15:50:13","modified_gmt":"2020-04-28T14:50:13","slug":"tips-tricks-help-use-amazon-repricing-software","status":"publish","type":"post","link":"https:\/\/www.repricerexpress.com\/tips-tricks-help-use-amazon-repricing-software\/","title":{"rendered":"Tips and Tricks to Help You Use Amazon Repricing Software"},"content":{"rendered":"<h4>Think you know all the tips and tricks to successfully use Amazon repricing software? Well, <a href=\"http:\/\/www.repricerexpress.com\/\">RepricerExpress<\/a> just may have a technique or two that can help set you apart from the competition!<\/h4>\n<h2>Approach Repricing as a Long-Term Plan for Each Item<\/h2>\n<p>One of the biggest mistakes online merchants make in repricing is thinking too generally or too short-term. They look at how an item is behaving <strong>now<\/strong> and reprice accordingly. While that will admittedly help, it won\u2019t get you very far. You\u2019ll want to broaden your scope to how that product has performed over the last month, quarter, year and possibly longer. There are two main reasons for this:<\/p>\n<ul>\n<li><strong>Sales rank history:<\/strong> Knowing how hot an item is, and at what points in history, can help you make decisions about when and what to reprice it. For example, if you\u2019re about to reprice a product that isn\u2019t stereotypically seasonal but behaves as though it is, then you\u2019ll have better insight as to when you should increase or decrease your inventory of it and how to set repricing rules.<\/li>\n<li><strong>Sales price history:<\/strong> This one is almost self-explanatory, as an item\u2019s sales price history is sort of like a little guidebook that tells you to set min prices at X point in time and max prices at Y point in time. There are plenty of tools you can use, like <a href=\"http:\/\/uk.camelcamelcamel.com\/\">Camelcamelcamel<\/a>, <a href=\"https:\/\/keepa.com\/\">Keepa<\/a>, PriceZombie, MyAlerts, Dolla and more.<\/li>\n<\/ul>\n<p><strong>Related reading:<\/strong> <a href=\"http:\/\/www.repricerexpress.com\/how-to-use-keepa\/\">How to Use Keepa and CamelCamelCamel for FBA<\/a><\/p>\n<h2>Repricing in 90 seconds<\/h2>\n<p><iframe title=\"How an Amazon Repricer Works - Amazon Repricing Explained in 90 Seconds\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/sJSVMpCXWnc?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/p>\n<h2>Map Your Inventory as Accurately as Possible<\/h2>\n<p>It\u2019s not great if you have too many of one item, but it\u2019s pretty bad if you run out of it. But if you manage to keep a near-perfect balance, then you\u2019ll maximise your earning potential by keeping ahead of the supply-and-demand trends at the time.<\/p>\n<p>One great way of doing this is to link your inventory to your repricer and writing specific rules that correspond with the stock. Say you\u2019ve just run out of an item. You can tell your repricer that once you bring it back in stock, it should set prices that match the average market values. This way, you don\u2019t have to worry about whether you\u2019re too high or too low once you\u2019ve replenished your inventory.<\/p>\n<h2>Be Selective About Who Your Competitors Are<\/h2>\n<p>If there\u2019s one word that\u2019s overused and not well-defined enough in repricing, it\u2019s \u2018competition\u2019. It\u2019s easy to advise sellers they should be doing better than Joe Blow, but who is Joe Blow? There are so many online merchants, you can\u2019t possibly compete with all of them, efficiently, all the time. Instead, you\u2019ll want to narrow your focus to competition to include some and exclude others, with these being some of the most common criteria:<\/p>\n<ul>\n<li><a href=\"http:\/\/www.repricerexpress.com\/amazon-feedback-rating\/\">Seller rating<\/a>, such as choosing a minimum number that cuts off all other sellers with a not-good-enough rating<\/li>\n<li><a href=\"https:\/\/www.feedbackexpress.com\/amazon-feedback-software-101\/\">Seller feedback<\/a>, so you don\u2019t inadvertently have to compete with sellers like those first start out and marketing aggressively to get their names known<\/li>\n<li>Shipping country. If your selling strategy is premised on being able to reprice more aggressively because you don\u2019t want to pay as much in the way of shipping costs, then it\u2019s a good idea to exclude competition who ship from much further away and have different strategies in place.<\/li>\n<\/ul>\n<p>Think of your competition as being very similar to yourself so you can capitalise on repricing strategies.<\/p>\n<p><strong>Related reading:<\/strong> <a href=\"http:\/\/www.repricerexpress.com\/amazon-repricing-strategies-every-seller-needs-to-know\/\">Amazon Repricing Strategies Every Seller Needs to Know<\/a><\/p>\n<h2>Don\u2019t Reprice Lower Without a Good Reason To<\/h2>\n<p>Say your pool of competitors has all lowered their prices to roughly the same point. It\u2019s tempting to undercut them by just enough so you stand out, but don\u2019t. It almost always ends up in a race to the bottom and only the buyer wins \u2014 and only for a short period of time. Plus, you may be repricing lower against sellers much bigger and more formidable than yourself who have the resources to outlast you in this repricing strategy.<\/p>\n<p>At the same time, other sellers could be reacting nervously and dropping their prices unnecessarily. If you\u2019ve done your homework by looking at the product\u2019s sales rank and price history, then you\u2019ll have a much better idea of whether to join suit or stand pat.<\/p>\n<h2>Final Thoughts<\/h2>\n<p>Repricing isn\u2019t always a question of just setting min and max values, as there\u2019s much more sophistication and complexity involved. By looking at it as a chess match instead of game of Go Fish, you\u2019ll be much better equipped to come out ahead in the long run. And by having <a href=\"http:\/\/www.repricerexpress.com\/\">RepricerExpress<\/a> by your side, it\u2019s like firing a rifle when everyone else is armed with a bow and arrow. All you have to do is <a href=\"https:\/\/dashboard.repricer.com\/register\/do\/repricer?utm_source=rex-blog&amp;utm_medium=referral&amp;utm_campaign=rex-to-repricer-registration&amp;utm_activity=take-action\">start your 15-day free trial by clicking here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Think you know all the tips and tricks to successfully use Amazon repricing software? Well, RepricerExpress just may have a technique or two that can help set you apart from the competition! Approach Repricing as a Long-Term Plan for Each Item One of the biggest mistakes online merchants make in repricing is thinking too generally [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":10732,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,7,8,9],"tags":[],"class_list":["post-9984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-amazon","category-fba","category-news","category-tips"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tips and Tricks to Help You Use Amazon Repricing Software<\/title>\n<meta name=\"description\" content=\"Want to know a few tips and tricks to successfully use Amazon repricing software? Well, we&#039;ve compiled a few that will set you apart from the competition.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.repricerexpress.com\/tips-tricks-help-use-amazon-repricing-software\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tips and Tricks to Help You Use Amazon Repricing Software\" \/>\n<meta property=\"og:description\" content=\"Want to know a few tips and tricks to successfully use Amazon repricing software? Well, we&#039;ve compiled a few that will set you apart from the competition.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.repricerexpress.com\/tips-tricks-help-use-amazon-repricing-software\/\" \/>\n<meta property=\"og:site_name\" content=\"RepricerExpress\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/repricerexpress\" \/>\n<meta property=\"article:published_time\" content=\"2017-06-20T13:02:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-28T14:50:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.repricerexpress.com\/wp-content\/uploads\/2017\/06\/tips-tricks.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"880\" \/>\n\t<meta property=\"og:image:height\" content=\"587\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Seamus Breslin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Seamus Breslin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.repricerexpress.com\/tips-tricks-help-use-amazon-repricing-software\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.repricerexpress.com\/tips-tricks-help-use-amazon-repricing-software\/\"},\"author\":{\"name\":\"Seamus Breslin\",\"@id\":\"https:\/\/www.repricerexpress.com\/#\/schema\/person\/3a136b67199cecf1cc48ce34d50ef4bc\"},\"headline\":\"Tips and Tricks to Help You Use Amazon Repricing Software\",\"datePublished\":\"2017-06-20T13:02:21+00:00\",\"dateModified\":\"2020-04-28T14:50:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.repricerexpress.com\/tips-tricks-help-use-amazon-repricing-software\/\"},\"wordCount\":843,\"publisher\":{\"@id\":\"https:\/\/www.repricerexpress.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.repricerexpress.com\/tips-tricks-help-use-amazon-repricing-software\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.repricerexpress.com\/wp-content\/uploads\/2017\/06\/tips-tricks.jpg\",\"articleSection\":[\"Amazon\",\"FBA\",\"News\",\"Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.repricerexpress.com\/tips-tricks-help-use-amazon-repricing-software\/\",\"url\":\"https:\/\/www.repricerexpress.com\/tips-tricks-help-use-amazon-repricing-software\/\",\"name\":\"Tips and Tricks to Help You Use Amazon Repricing Software\",\"isPartOf\":{\"@id\":\"https:\/\/www.repricerexpress.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.repricerexpress.com\/tips-tricks-help-use-amazon-repricing-software\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.repricerexpress.com\/tips-tricks-help-use-amazon-repricing-software\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.repricerexpress.com\/wp-content\/uploads\/2017\/06\/tips-tricks.jpg\",\"datePublished\":\"2017-06-20T13:02:21+00:00\",\"dateModified\":\"2020-04-28T14:50:13+00:00\",\"description\":\"Want to know a few tips and tricks to successfully use Amazon repricing software? 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