Whether you’re just starting out small or only sell on Amazon part-time, your main goal will be to keep costs as low as possible to maximise your profits. In that case, why would you need to spend unnecessary money on an Amazon repricer tool? Surely repricing on a regular basis is something only larger retailers need to worry about?
In truth, though, unless you only have a very few items in your inventory, repricer software is something any online seller should look into. Certainly, if you take your business seriously and want selling on Amazon or any other online marketplace to become a main income stream, there’s much to be said for investigating the benefits of this powerful tool. And if you’re an FBA seller – in other words, one who has signed up to the Fulfilment By Amazon service, where the company organises storage and dispatch of your stock to your customers on your behalf – it’s a no-brainer. So how many items do you need in your inventory before you have to seriously start considering whether an Amazon repricer tool is for you? Well, put it this way: are you having trouble keeping up with your competitors? Is time spent adjusting and readjusting your prices really eating into your working week, to the detriment of other key business activities? Or are you avoiding the whole subject of repricing, leaving your competitors to steal a march on you? If any of these are the case, then you could be benefitting from automating the whole repricing process.
Many selling experts recommend that if you have over 50 items across your inventory, it’s time to invest in Amazon repricer software that will make your life a whole lot easier. But this threshold could be lower for your business. Essentially, if you’re having trouble keeping up when repricing manually, why not investigate other options? But what about the complexity of such software? A lot of small-scale sellers in particular are concerned that using this kind of repricing software will be overly complex for their needs and they risk losing money by making mistakes when setting repricing rules. Sure, it’ll take a little time and effort to learn what rules work best for your business. But any new software – or hardware, for that matter! – that you buy for your business requires an investment of your time and effort to customise it to your own, unique requirements. And remember, your aim is to grow your business. Repricing software is a powerful tool that will help you achieve that faster than you could do under your own steam. You may worry that the software will drop your prices, and therefore your profit margin, too low and you will lose money. But don’t forget, you’re still ultimately in charge. And selling many units quickly and consistently, albeit at a lower price, could be just the strategy needed to kickstart your business.
The best software companies will offer a free trial of their repricing software so you can experiment without having to pay any money out upfront, and see for yourself how this could help your business. Why not take advantage of this offer and explore whether a good Amazon repricer tool could start increasing your profits?