Attempts to price items to capture a target number of units sold within a range and a designated time period (minimum of 1 hour).
How it Works:
For example: You have an item that is priced at $10. The minimum goal is 5 and the maximum goal is 10 within an hour; if you sell less than 5 you go lower in price and if you sell more than 10 you will increase in price. If you sold between 5-10 units then the price would not change at all.
Given the above scenario, if you sold only 3 units in an hour, then the item would drop down in price by $5 or until it would hit its Min Price.
Recommended for private label sellers or items that do not have any competitors. This method give you amazing control over your price point and is the most “seller customized” method provided you set all parameters based on sales and not any competition.
This is great for any site where you cannot reprice based on competitor data such as Jet.com.
These thresholds are focused on greater/less than OR equal to. This means that a value of 0 may not be a viable option for your repricing.