Pricing Tools – Control Your Pricing Strategy Flexibility
With your Inventory Source account you can easily manage your pricing strategies in bulk. If you are selling with multiple suppliers or a single supplier across multiple sales channels you can control each update as needed through your InventorySource.com account tools.
- Set a general price setting for each automation or custom file service.
- You can markup from cost, discount down from MSRP, or use a tiered base structure so your markup levels change based on the cost of your items.
- You can set category specific pricing so some or all of your categories assign their own unique price strategy for the items in that category level.
- You can set SKU specific pricing with your Product Price Override Tool.
- You can set all MAP items to be MAP exactly or even apply a small markup to the MAP price as needed.
- Add a Fixed Dollar Addition to your items after your markup is applied, set a minimum product price, use a cents ending value and much more.
Your approach to pricing should be assessed often and change often. With some marketplaces you might need to adjust more frequently to the selling patterns of other suppliers, or you might want to make changes as you go in and out of holiday or weekend sales.
Regardless of how you evaluate your pricing structure, the pricing tools available to you in your Inventory Source account give you the flexibility to update the most complex pricing approach in seconds for thousands of products from multiple suppliers and across multiple sales channels.
The post Ecommerce Tip – Gain Control Over Your Pricing Strategy Flexibility appeared first on Inventory Source.