Considering our client’s desires and the business goal, we suggested an ideal pricing strategy following the market condition and offered the Repricing module.
On average, Price2Spy suggests 20 to 25 price changes daily. In the case of this client, the Repricing rules are split per product category.
Most of the categories aim to match and maintain the prices of the cheapest competitor. In this case, the Repricing rule is fully automated and performed via a Link My Store to the client’s Shopify store. Direct Repricing is applicable once the client’s store is integrated with their Price2Spy account.
A separate approach has been implemented for products monitored on bol.com, which is a popular Netherlands marketplace. Regarding bol.com, the client requires a non-automated repricing rule.
Here is how non-automated repricing works – Price2Spy calculates and suggests ideal adjustments twice a day. Suggestions concerning Bol.com are checked manually, once per day, before the final repricing is done.