Published on January 21st, 2021
If you’re a seller on eBay, you must be wondering if there are ways to keep on top of price trends to sell your products quickly and with the optimum price.
This guide is all about the new eBay repricing tool, designed to help sellers do just that. So read on my friends, and find out how it can help you as well!
What is repricing?
Repricing has mostly been associated with Amazon. But, eBay has recently partnered up with a repricing software company called StreetPricer.
Of course, there are many other options for repricing tools, which have better plans and more integration.
Repricing software allows sellers to automatically change their products’ prices based on trend changes in supply and demand.
How does eBay repricing work?
Using eBay repricing is very easy. Once you link your account to a repricer software, all your current listings will automatically be imported into your account.
When that is done, you will set rules for your listings, including setting minimum and maximum prices. Each repricing tool should work on some schedule, so your products will be repriced every few hours.
The reason repricing works well is because of the cataloguing approach used by Amazon and eBay.
This means that when listings are updated, or new ones are created, the software will find similar listing prices and adjust everything accordingly.
There are still some issues with the eBay catalogue, so repricing software has added the option to create listings for catalogue and non-catalogue items
Overall though, eBay repricing tools have many benefits, including saving time and boosting sales.
Repricing catalogue and non-catalogue items
What is the eBay catalogue?
The eBay catalogue is an online library containing the details of products in a range of categories that can be used to define the product you are selling.
Using a catalogue lets you select product information such as:
- Model number
- Size dimensions
- Manufacture materials
This tool also lets you add photos and general descriptions.
Sellers on eBay don’t have to list their products on the eBay catalogue as individual listings can also be created for non-catalogue items.
eBay repricing tools should give you the option to reprice all listings – whether in the catalogue or not.
Each repricing tool allows sellers to reprice catalogue items with many rules to choose from – including min/max price, competition with individual sellers, location, quantity and many more.
Items linked to the catalogue share the same barcode as your added listing, so the eBay repricer tools will be able to identify the competition this way and adjust the listings accordingly.
Non-Catalogue items work a bit differently. For these items, you have to select how you want to automate the repricing manually. That means setting your own rules rather than relying on the software.
This is a lot more time consuming than having catalogue items as you have to check each rule you use by yourself.
Based on the type of items you sell, you may use the eBay repricing tool more for catalogue items as that would be more efficient.
However, regardless of the items, the eBay repricing tool is handy for all sellers because by automatically repricing your products, you will ensure that you are selling them at the best price all the time.