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:

Opens up your mind

BOLOs and ScannerMonkey opens up your mind to opportunity, and allows you to think “outside the box” or your limited…
Scanner Monkey
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 →

Scanner Monkey has been helpful

I can’t even start counting how many ways Scanner Monkey has been helpful. -Mendy 8/15
Scanner Monkey
2015-09-03T19:50:51+00:00
I can’t even start counting how many ways Scanner Monkey has been helpful. -Mendy 8/15

Vulcan mind meld for FBAers

I didn’t come, nor did I stay for the BOLOs. I’m here to learn from the multiple DECADES of experience…
Scanner Monkey
2014-02-02T02:04:32+00:00
I didn’t come, nor did I stay for the BOLOs. I’m here to learn from the multiple DECADES of experience in this group. In the scant few weeks I’ve been here I have learned more than I did in six View Full →

Wealth of information

Just wanted drop some smooches, every time i am looking for an answer I find it here! Thanks for proving this…
Scanner Monkey
2015-09-03T19:57:05+00:00
Just wanted drop some smooches, every time i am looking for an answer I find it here! Thanks for proving this wealth of information! It’s very much appreciated. You guys rock!! -Bea Bee 8/15

Finding so much more to source

I have been scanning a lot more different things because of the BOLOs. I’m stepping out of my comfort zone…
Scanner Monkey
2014-02-02T02:05:01+00:00
I have been scanning a lot more different things because of the BOLOs. I’m stepping out of my comfort zone and finding so much more to source. I’ve been “working” about 20 hours a week on the weekends. I am View Full →

100k in revenue in 1 year

Just wanted to say I may not speak much within group but I am grateful for it and all it’s…
Scanner Monkey
2015-09-03T19:58:39+00:00
Just wanted to say I may not speak much within group but I am grateful for it and all it’s members. I started with $142.00 and 388 days later I have had 100k in revenue with about a 46% profit View Full →

Areas to diversify

I found 31 of a certain BOLO. While sourcing those, in 8 hours, I found another 50 products to list.…
Scanner Monkey
2014-02-02T02:05:44+00:00
I found 31 of a certain BOLO. While sourcing those, in 8 hours, I found another 50 products to list. I love this group for showing me other areas to diversify. I never would have thought to look at some View Full →

Record day yesterday!

Record day yesterday! [$2562.18] Hard to believe I started last November with total gross sales of $98 in books part-time.…
Scanner Monkey
2015-09-10T19:31:18+00:00
Record day yesterday! [$2562.18] Hard to believe I started last November with total gross sales of $98 in books part-time. What a difference a year makes. Thanks Scanner Monkey for helping me soar through the clouds! –Robert

Broadened my scouting range

I love the fact that so many sellers offer up so many great items that they have come across in…
Scanner Monkey
2014-02-02T02:06:18+00:00
I love the fact that so many sellers offer up so many great items that they have come across in there sourcing. I do not go out hunting BOLOS as my business model but seeing the items from the group View Full →

Thank you … for creating such an awesome thing

I started … and fumbled my way through. I asked to join this group and was … like nope not going to…
Scanner Monkey
2015-09-10T19:33:45+00:00
I started … and fumbled my way through. I asked to join this group and was … like nope not going to pay for information that I can get on the internet for free. Then I watched spreecast after spreecast, fast turn, View Full →