Amazon changes product prices 2.5 million times per day, which means that the average product's price changes every 10 minutes.
Dynamic pricing is a tried and tested strategy for expanding one's market. It helps you sell more and get more profits, which in turn allows your business to grow even more.
In this guide video, Ankita Patil, Product Evangelist at SellerApp sheds light on Amazon Pricing strategies and how to find the best pricing strategy for your Amazon business.
Timestamps:
Introduction to Pricing: 0:00
Why is pricing important for your Amazon business? : 0:41
Why do you need a unique pricing strategy? : 1:41
How do you set Amazon prices? : 2:05
How to optimize your Pricing Strategies: : 4:48
How to Create Amazon Pricing Strategies: : 6:58
Automatic Rule-based pricing : 7:10
Algorithmic repricing : 7:56
Manual repricing : 8:45
How pricing affects winning buy box : 9:16
Conclusion: 10:21
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