We have identified 3 default types of repricing opportunities that Price2Spy can help you with
- Clever drop – typically these are overpriced products where your purchase price and profit margin allow a somewhat lower price
- Clever raise – typically these are the products where your price is already the lowest on the market, but way too underpriced compared to your next cheaper competitor
- Stock opportunities – these are products your competitors do have in stock, and you don’t
For each of your pricing Strategies, you can define a set of rules to identify the products which meet the above-mentioned criteria.
What you’ll get in return is an up-to-date list of products fulfilling those criteria, together with the current prices and the prices Price2Spy will suggest (based on your rules).
Now it’s your turn to accept/reject repricing suggestions, and then to apply them in your own store. This is where repricing methods come in.
Custom repricing opportunities
In case the default repricing opportunities are not meeting your requirements you’re welcome to define your own custom repricing rules and send them over to us. This means that you can create a completely custom logic using any sort of parameters that we’re capturing for you or that you provide. Depending on the complexity of the repricing rules you wish to implement we’ll get back to you with an assessment and a one-off setup quote.
As already mentioned, Price2Spy is there to help you perform repricing actions in a centralized way.
Depending on the way your store is integrated with Price2Spy – there are 2 ways repricing can work with your store
- Indirect repricing – if your store is not integrated with your Price2Spy account (Price2Spy will prepare the repricing information, but you’ll have to apply it in your store)
- Direct repricing – applicable if your store is integrated with your Price2Spy account (Price2Spy will execute repricing changes directly within your store)
How to reprice your own products from Price2Spy?
How to set up your pricing strategy, what is Clever Raise, and what is Clever Drop?
Who should use Indirect Repricing, and who should go for Direct one?
All the answers are in our brand new repricing tutorial