Minimum and Maximum Prices

Minimum and Maximum Prices define the price range of your products. This ensures your prices stay competitive while maintaining profitability and meeting your business goals. You can set Alpha Repricer to automatically adjust your products to their maximum prices when competitors are out of stock, maximizing profits in low-competition situations. Be sure to include shipping costs in your Minimum and Maximum prices to calculate the Total Minimum and Total Maximum Prices.

Ways to Set Minimum and Maximum Prices

You can set Min/Max prices in six ways:

On-screen: Enter the values directly from the listing screen.
Upload method: Download your inventory file, update the Min/Max prices, and upload it back.
Bulk edit tool: Provided in the Listing screen.
Formula method: Create and apply a formula to calculate prices automatically.
FTP: For users who frequently upload Min/Max prices.
Import: To bring your Min/Max prices from Amazon.

1.Setting Min/Max by Using the On-Screen Method

Note:
The On-Screen Method lets you set Min/Max prices directly from the listing screen. This method is useful for small inventories. Sellers with large inventories may find it cumbersome and prefer other methods. For large inventories, you can search for specific items and add Min/Max prices on the screen.

You can easily adjust prices by filling in the Min/Max columns visible on the screen. The tool supports setting prices in your local currency to align with your country’s requirements.

2. Setting Min/Max by Using the Upload Method

Note:
The Upload Method lets you set Min/Max prices for multiple products at once using an inventory file.

It’s best to use when you already have Min/Max prices from another tool such as inventory management software.

Download the inventory file and update the Min/Max prices in it.
Go to the upload section, click the file upload browser, and select your updated file to upload.
Ensure the file meets requirements, such as correct format and all mandatory fields included in the upload option. You can download our template and use it to add your data.
After uploading, the system processes the data and updates the Min/Max prices automatically.

3.Setting Min/Max From the Listing Screen

From the Listings screen, click on the Min/Max button. A pop-up will open allowing you to:

Choose where to apply the formula (Selected Items, Current Page, or All Pages/Search Results).
Select which action to apply:

Actions:

Apply Formula: Select a Min/Max formula from the drop-down menu. New formulas can be added from the Formula screen under the Setup main menu.
Adjust Min/Max: Adjust Total Min/Max by adding or subtracting a percentage or fixed values.
Fixed Min/Max: Enter fixed values to set or replace existing Total Minimum/Total Maximum. (Total Min/Max must include shipping.)
Remove Min/Max: Remove Total Minimum, Total Maximum, or both by selecting appropriate boxes.
Detach Min/Max Formula: Remove any Min/Max formula applied to the listing.

4.Setting Min/Max by Using the Formula Method

The formula method is an efficient and quick way to set Min/Max prices. This method provides formulas to calculate your Min/Max on ROI, Profit Margin, or Fixed Profit. Formulas are provided so you can create your own, giving you more control over your pricing strategy.

NOTE: There is no restriction on the number of formulas you can create. Name your formulas in a way that clearly describes their function.

Creating a Formula:

Go to the Setup section and click on Formulas from the drop-down menu.
Press the Add button to start creating a new formula.
Choose the type of formula you want to create:
- ROI (Return on Investment): Sets prices based on the desired return on investment for your product.
- Margin: Calculates prices to maintain a specific profit margin.
- Fixed: Sets a fixed value for your Min/Max prices.
- Custom: The Custom option in Alpha Repricer enables you to create personalized formulas for setting Min/Max prices. This feature combines macros and operators, allowing you to design precise and dynamic pricing strategies that align with your goals.

1. Macros:

Macros are predefined variables representing essential pricing components used in your formula. The following macros are supported by Alpha Repricer in Custom Min/Max type such as item price, item shipping, Amazon fees, acquisition cost, Amazon fixed fee, Amazon variable fee, shipping cost, currency rate, and more.

2. Operators/Functions:

Operators/Functions are the mathematical tools used to perform calculations within your formula. These include adding, subtracting, multiplying, dividing, applying percentages, using brackets, round-off, floor, ceil, and currency rate. They allow you to create advanced formulas for accurate pricing adjustments.

Give your formula a name and click Save. You are ready to apply the formula to your inventory.

Applying a Formula:

From the Formula Screen, click on the Apply Formula button.
From the dropdown menu, select the formula you want to apply to your listings.
Press Calculate to let the system determine the Min/Max prices based on the selected formula.
Check to see if there are any errors given. The error will appear if the Min or Max is less than shipping.
Finally, click Apply to save and update your prices.

5. Setting Min/Max by Using the FTP

Send a request to set up an FTP account. Send files through FTP, and rest easy, Alpha Repricer will pick up the new values and reprice accordingly.

6. Setting Min/Max by Using the Import

If you already have Min/Max on Amazon, you can use import to bring your Min/Max from Amazon.