Stay competitive and win the Buy Box (4/7)

Many sceptics who avoid selling on Amazon do this due to the misconception that it is too competitive. Despite 55% of its sellers reporting a profit margin of above 20%. Amazon states that along side availability, fulfilment and customer experience, pricing is important to winning the buy box. Repricing software such as for example FeedVisor or teikametrics, monitors your competitors prices 24/7 to ensure you’re competitive. Simply entering that you intend to be $0.01 cheaper than anyone else could function as deciding factor. As these are employed in real-time across the clock, this becomes an enormous benefit. Like if among your competitors is out of stock with a particular product, your repricer will automatically raise your price to ensure maximum profit.

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