The Smartest Amazon Seller Episode 4: Repricing
Jul 1, 2019
Discover advanced repricing strategies to increase profitability on Amazon, including insights on pricing models, algorithmic repricing, and dominating the buy box. Learn how adjusting prices strategically can lead to higher sales and profit margins, and explore the competitive landscape on Amazon.
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Transcript
Episode notes
Use Fast Dynamic Repricing
- Reprice dynamically and often to capture more buy box time and higher margins.
- Use repricers or rules to change prices every few minutes to stay competitive.
Reliability Beats Custom Repricing
- Building a reliable repricer is hard and distracts from other business priorities.
- Many sellers opt for third-party tools because availability and reliability matter more than custom features.
Built A Repricer, Then Stopped
- Scott built his own repricer but stopped using it because maintaining reliability distracted him.
- He tested five repricers and ran A/B tests to find what worked for his business.