Here's my latest repricing setting using Repriceit. In short, I match the low FBA offer for my sub-condition or better. If there are no FBA offers, then I price my items
25% 50% higher than the low merchant fulfilled offer. In order to do this, I set up two templates.
The first template matches the low FBA offer for my sub-condition or better. If there are no competing FBA offers, I set the default price to $395 (more on this later).
Here's a screenshot:
The second template is based on price. This will grab all of my $395 priced inventory and price those.
In other words, it will be pricing my inventory that did not find any competing FBA offers to match. I price these item to be
25 50% higher than the lowest MF price for my sub-condition or better.
In conclusion, I'm trying to match the low FBA price. If there are no FBA sellers, I'm pricing 50% higher. This is because FBA items can sell quite a bit higher when there is little FBA competition.
There are a few things to keep in mind:
- I have to run template #2 about three hours after template #1. For some reason, Repriceit won't grab my $395 prices if I price template #2 right after template.
- Repricers only see the FBA offers if they are within the top 20 competitive offers. So this won't be perfect, but it's been working well for me.
- If you try this strategy, make sure you have the min and max price set on your Amazon listings. Otherwise Amazon will deactivate your $395 listings due to pricing error. You can set the min and max price directly on seller central. Also, ScanLister has the min and max price built in so you don't have to worry about it.
End Note: Repriceit is a perfect complementary software for ScanLister. List your books in bulk and automate the pricing with a repricer. Try ScanLister free for 8 days. There's a no monthly fee option as well.