When you base your strategy on Competition, prices are based on the current market offers of better or equal articles of your direct competition. For each article, PowerTools will try to match it with an existing article that is of the same quality or better, and is sold by a seller that fits the profile of your chosen Competitor. Your article's new price will then be the price of this matched article, modified according to the strategy.
The average product's market prices are fetched every 2-3 days. Prices for products belonging to expansions that have not yet been released, or that were released in last 14 days, are fetched about once a day.
For this pricing strategy you need a Competitor. After that, you can move to creating a Competition strategy.
How to create a Competition strategy?
- Click on Price Settings > Your pricing strategies > Add new pricing strategy > Competition
_ad550f56-bbf5-4a29-a6b4-bfeef777c6d7.gif)
- Pick a competitor (sellers you want to compete with)
*Only market offers from sellers who fit your chosen competitor profile will be considered
- Choose on which cheapest offer you want to base the price on: from 1. to 9.
*If there are less offers than the number you choose, the price of the most expensive offer will be used.
OR
Choose % of the cheapest offers you want to base the price on: from 0% to 100%.
*This means if there are 100 offers, and you typed 25%, your price will be based on the 25. most expensive offer.
- Modify the base price:
- Modifier Value: Choose by how many cents/% the price of the matched article is modified
-
Modifier Type: Choose if you want to modify the price of the matched article by an amount of cents, or by percentage
- Less or More: Choose if your price should be Less or More than the base price
- Bulk: Select if you want to use Bulk settings
- Select if you want:
- Matching NM articles with EX articles
- Playset pricing
- Strict language matching
- Set a name for the pricing strategy
