Repricer myths lead to a lot of people avoiding the use of an Amazon repricer to automatically configure their stock’s prices. But, by giving such myths credence, you’re missing out on the possibility of revenue growth and bigger profit margins while your competitors leave you in the dust. One seller, who also expressed worry over such ‘race to the bottom’ myths, reported that their sales received an 810 per cent boost when using a tool for repricing while their average unit price and profitability remained stable. Not only that, but there’s also the potential of cutting warehouse fees by helping shift older, unsold units. So why do we buy into these costly reprice myths?
There are many myths that drive the fear that Amazon repricer software is counter-productive. The first of which is that an Amazon repricer tool will lead you into making a loss. However, that’s no truer than for those who manually reprice their stock. Most good repricer software will allow you to set a maximum and a minimum selling price. This means that the prices of your stock will only go as low as you want them to go. If you see others selling lower, don’t make assumptions that they are selling at a loss because of their software. Some warehouse-driven sellers shift lots of products on extremely low margins; some sell at a loss to get their positive feedback rating higher, or some have another business goal in mind that you are not aware of. There’s also a myth that prices will be automatically adjusted, leaving you with no control. The reality is that these tools can be as simple or as advanced as you want them to be. Ever heard of the old saying ‘a poor worker blames their tools’? Such software will only work within the parameters that you have set. If it fails, it’s probably because something has been input wrong by the user. Manual mistakes happen all of the time, so you certainly don’t need this software to make them. All it takes is one manual typing error, and a £100 table could be on the Amazon marketplace for £10. A tool is not to blame; it’s a lack of vigilance.
Amazon repricers are crucial in both maintaining and boosting your profitability and growth. Even Amazon reprices using an automated tool that updates every 10-15 minutes. Doing these things manually takes way too much time and is a big mistake. You should be spending your time on growth-related tasks, such as sourcing new products, sales channels and suppliers. Manually repricing your stock makes it impossible to compete for the coveted ‘Buy Box’. All that it will do is leave you losing sales and profits to your competitors. Most problems with repricing come from using the wrong software. Thankfully, we’ve got the right software for you: EReprice. At EReprice, we offer a tool that is not only full of customisable features to suit all types of businesses, but is completely cost-effective too. Our software will keep your listings up to date 24/7 without the need for your constant attention while increasing your sales. It monitors Amazon’s marketplace around the clock to ensure that your products are receiving maximum exposure to potential customers. You set your low and maximum prices. By doing so, you’ll increase your sales and visibility while, at the same time, removing the risk of selling at a loss. And our software won’t just focus on the ‘race to the bottom’, it’s intelligent enough to maximise your margins, which can include automatically raising prices. Combined with that, you’ll find that we focus on optimum account protection so that you can rest easy in the knowledge that your account is safe. We also have a terrific customer support team – available online or over the phone.
After busting those myths, we’re sure that you’re in the market for a repricer. At EReprice, we’re positive we’ve got the solution for you. Working out of Nottinghamshire, England, we’re completely dedicated to offering our customers the best Amazon repricer that money can buy, and we do it at a terrific price. Why not try our 14-day trial? There is no need to enter your card details right away and you won’t be tied to a contract. For more information, visit us at https://ereprice.com/ to find out more about our features. You can also reach us at 01777 712 714 to learn about how you could transform your e-business today.