Amazon And Walmart Repricing Tool
With advanced repricing technology, we keep you in line with the competition on marketplaces like Amazon. Our tool provides an optimal strategy to increase sales by securing Amazon’s Buy Box.
Pricing on Amazon marketplace listings is changed through repricing. Amazon changes prices on individual listings about 2.5 million times a day, meaning prices differ every ten minutes on average.
The Buy Box tool is present on the most visible and accessible location of Amazon pages and shows Amazon’s recommended sellers. These recommended sellers are determined by ranking algorithms that consider factors like price, shipping time, seller rating, etc.
The algorithm auto-adjusts to the changing competition and price. Hence, the Buy Box changes frequently. The sellers need to continuously monitor the changes in the Buy Box and modify their prices accordingly to retain the Buy Box.
There is extreme competition every single minute on Amazon and Walmart, the world’s biggest marketplaces. Both platforms can make it challenging to compete without using a repricing tool. Most new and trendy products have hundreds of sellers. By keeping you at the top of your market, repricing gives you an edge over the competition and gets you a significant portion of sales. Amazon and Walmart both offer repricing services, and the functions they perform and the services they provide are very similar.
Unfortunately, the changes are so rapid that it is not possible for the sellers to monitor it manually. This is where our services are available to make things simpler.
AMAZON And Walmart Repricer
Why do you need the Amazon Algorithmic Tool?
With advanced repricing technology, we keep you in line with the competition on marketplaces like Amazon.
Our tool provides an optimal strategy to increase sales by securing Amazon’s Buy Box.
The Buy Box tool is present on the most visible and accessible location of Amazon pages and shows Amazon’s recommended sellers.
These recommended sellers are determined by ranking algorithms that consider factors like price, shipping time, seller rating, etc.
The algorithm auto-adjusts to the changing competition and price. Hence, the Buy Box changes frequently.
The sellers need to continuously monitor the changes in the Buy Box and modify their prices accordingly to retain the Buy Box.
Unfortunately, the changes are so rapid that it is not possible for the sellers to monitor it manually.
This is where our services are available to make things simpler.
How does Amazon Algorithmic Repricing Tool boost sales?
KartKonnect’s customized Amazon Algorithmic Repricing Tool can assess the entire landscape over time and considers the factors comprising it. It adjusts itself with the continuously changing market conditions.
Our customized tool unburdens the retailers from the job of analyzing changes in the Buy Box. It determines the business logic that should be applied for each of the products and eliminates any possibility of bias or human error. Optimizing business performance through this tool can help sellers focus on things like product sourcing and customer service to drive in more leads.
How to use the Amazon Algorithmic Repricing Tool?
The Amazon Algorithmic Repricing Tool is very easy to use. Suppose you are a seller who sells a product on Amazon. You can discuss your business requirements with us. We’ll create a customized Algorithmic Repricing Tool for you that can help you set the maximum and the minimum price at the SKU levels.
Once you do that, the repricing tool starts its work. It automatically revises the price of your product to help you win the Buy Box. It keeps monitoring your competitors and modifies the price until you get the best offer for your product. Don’t you forget, all this is achieved under the parameters you set!
The best services at your rescue!
Running a business on Amazon is becoming complex every day due to its immense growth.Hence, the use of advanced technologies to maximize profits has become the need of the hour.
The sellers using our Amazon Algorithmic Repricing Tool have the highest chances of making it through this competitive area. KartKonnect provides customized repricer for ensuring the sellers get a reliable and useful software specifically for their requirements. More and more sellers are opting for our customized Amazon Algorithmic Repricing Tool to succeed in their businesses. It’s time for you to opt for it too!
KartKonnect’s dynamic WalmartRepricer helps you grow your marketplace business.
If you are looking to proliferate your sales and attract customers strategically, WalmartRepricer is a step in the right direction. There are numerous competitors in the marketplace, and prices fluctuate every minute. Thus, making it an onerous task to keep track of the latest prices by other sellers.
This is where the WalmartRepricing feature comes into play.
KartKonnect helps you make profits by beating your competitors while protecting your margins.
How does repricing work?
The algorithm takes in the pricing of all sellers on the listing. In case the sellers change their prices, the algorithm reworks. As a seller, your task is to set the minimum and maximum price for your product. This will ensure you don’t suffer any losses.
Once that is done, you can simply click on the Repricing option to get the best pricing. However, how does the algorithm choose the best price? This is done through Buy Box. KartKonnect can take care of it for you!
What is Buy Box?
When the sellers list their pricings, a customer can choose from which seller he/she wants to purchase. It is a no-brainer that the customer will go for the minimum price. What KartKonnect’s customizedWalmartRepricer does is that it selects the Buy Box winner price and adjusts your price according to it.
For instance, the Buy Box winner seller’s price is $100 and you have set the minimum listing price for your product as $90.If you are using theKarKonnectWalmartRepricer, it will automatically reprice your product to $100. This means there’s a very high chance that the buyer will pick your product. If the competitor raises the price by 20%, the Repricer tool will automatically increase your price to $120, ensuring you profits without compromising your cost margin.
Take a look at a scenario two wherein the Buy Box winner price reduces price from$120 to$110. In this case, the Repricer tool will reduce your price to $110 and it will keep repricing the product (if required) until it reaches the minimum threshold price that you have set ($90). This means you’re at a win-win situation as you get to gain maximum profits and customers both. The software automatically regenerates a new price until you win Buy Box.
KartKonnect’sRepricer Tool continuously monitors and adjust prices according to that of the competitors to help maintainthe Buy Box.