In this first section we will defining the different rules we will want applied to our price adjustment (Repricing)
In this example we will be using a profit margin rule of 5% (this will be the minimum margin you wish to obtain from your sales.
It is equally possible to define a margin when there are no competitors : this means that when you are the only seller on a marketplace, this margin will automatically be applied, 25% in our example.
Optional : You may also select a maximum profit for Smart Price to not go beyond no matter the conditions.
During this essential step you will be defining the price adjustment rule based on the competitor who is currently holding the Buy Box.
A default margin you wish to maintain can be set. The commission and the Tax rate can also be applied to the product.
The [Next] button will allow you to move on to the following section for Shipping costs where we will be able to integrate a shipping grid. There are rules put in place by default, however it is possible to add new rules to take into account the weight of your products.
We will then be clicking on [Next] to move on to the following step which will handle the seller ID on the Amazon marketplace. This section allows you to identify your seller ID on Amazon to associate it your Smart Price account. An integrated search engine will allow you to find your ID with ease.
For monitoring and repricing on Amazon we recommend that you input your Credentials: This allows for your catalogue to automatically be matched as well as the commission Amazon takes.
We have arrived at the final section for the first part of the wizard. Here we have summarised the choices you selected earlier. Once you have verified these are the rules you wish to go ahead with you may click [Next] to set up your second Channel, which will be Google Shopping UK in our guide.