As Amazon sellers, price management can be a big deal. Good repricing is not about lowering to keep up with the competition on shared listings but tweaking higher. Basically, sellers want to charge the highest amount that they can for an item and still sell it at a particular velocity. In the past, automatic repricers have come with a hefty price tag, with a good one running no less than $50 a month and some which are based on selling algorithms can run thousands per month based on sales volume.

Amazon just released it’s own repricer that comes free with a professional sellers account ($39.99/month), called Automate Pricing (still in Beta). As Amazon says, “Pricing rules change your prices automatically in response to events like Buy Box or lowest price changes.”

It will allow you some automation that you can base on your own costs however it will only allow you to lower your price not raise it automatically. As sellers we want to charge the highest price the market will bear, and as a company Amazon wants sellers to be lowering prices constantly. This benefits them, because they still receive their fees on each sale and happy customers, but not us, because as sellers our profit goes DOWN. Many sellers think that this will open up the repricing field to beginners who will choose a quick sale over profit and then prices will plummet. Additionally it is not even in the same field with algorithmic repricers such as  Feedvisor, which will allow you to set a rule to the effect of, “Set the price within this range so that 4 of these per day sell,”. It also jumps down to the lowest price rather then doing incremental drops which further naAutomate Pricing On Amazon.comrrows profit margins. Repricer, Appeagle did a good blog post explaining this.

So, it looks like if you want to have the ability to raise prices or maximize drops to maximize profits then Automate Pricing is not for you. If you want to set some basic rules do allow for price drops to sell out more quickly then it’s a good feature and you can’t beat the price.

Scanner Monkey Members: Read THIS in depth discussion of Automate Pricing.

Tribe Testimonials:

Web site has valuable information

Just wanted you to know the new web site is really great.  You guys have done an awesome job on…
Scanner Monkey
2014-03-21T13:43:19+00:00
Just wanted you to know the new web site is really great.  You guys have done an awesome job on providing so much valuable information for the Amazon (or even ebay) seller. –Vicki

My membership paid for itself in the first hour

My membership paid for itself in the first hour I joined. I joined, drove to Tuesday Morning, sat in the…
Scanner Monkey
2014-08-14T14:54:19+00:00
My membership paid for itself in the first hour I joined. I joined, drove to Tuesday Morning, sat in the parking lot reading the BOLOG, walked through a snowstorm into TM and bought items with huge profits. Kinda crazy, isn’t View Full →

Learned so much

I have learned so much from this group, it’s unbelievable! There is so much information shared and so many cheerful…
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2015-09-03T19:08:42+00:00
I have learned so much from this group, it’s unbelievable! There is so much information shared and so many cheerful monkeys- gotta love cheerful monkeys! –Bianca

Wine and great information!

After two years of “throwing crap against a wall to see what would stick” (I forget who said that here,…
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2015-09-03T19:09:34+00:00
After two years of “throwing crap against a wall to see what would stick” (I forget who said that here, but it is so spot on for me.) I decided to explore some help groups and just happened upon a View Full →

Loving the discounts…

Loving that the discounts for being a scanner monkey more than pays for the membership! –Jonathon      
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2015-09-03T19:10:03+00:00
Loving that the discounts for being a scanner monkey more than pays for the membership! –Jonathon      

Passed our goal

Thanks to everyone in this group! I just wanted to share that we have passed our goal and made $36K…
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2014-02-02T02:02:01+00:00
Thanks to everyone in this group! I just wanted to share that we have passed our goal and made $36K in December alone and about $42K for the year! I would’ve never thought it would be possible, and we still View Full →

Wasn’t alone any longer

You and the rest of the troupe always brighten my day and I’m thankful you had the guts to create…
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2015-09-03T19:48:23+00:00
You and the rest of the troupe always brighten my day and I’m thankful you had the guts to create it. I’ll never, ever forget getting a PM from another seller after I shared a BOLO in [another group] chastising View Full →

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You guys are the absolute best and everyone is so incredibly supportive of each other in this group it’s amazing!…
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2014-02-02T02:03:34+00:00
You guys are the absolute best and everyone is so incredibly supportive of each other in this group it’s amazing! I just started Amazon in Sept and I’m looking to make 2014 fantastic! Thank you again, and thank you for View Full →

Saved me from crashing and burning

I knew very quickly after joining that I needed to become a life-long Monkey. Your barrel of Crazies (and I…
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2015-09-03T19:50:01+00:00
I knew very quickly after joining that I needed to become a life-long Monkey. Your barrel of Crazies (and I mean that in the best way possible!) has opened my eyes up to so many new ideas and opportunities – View Full →

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BOLOs and ScannerMonkey opens up your mind to opportunity, and allows you to think “outside the box” or your limited…
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2014-02-02T02:03:59+00:00
BOLOs and ScannerMonkey opens up your mind to opportunity, and allows you to think “outside the box” or your limited scouting past, and shows you that product is everywhere, and deals are abundant, and allows you to realize that YOU View Full →