Automating Your Pricing with NetRadar.io Repricing

With NetRadar.io's repricing feature, you can effortlessly automate your pricing strategy. This tool enables you to adjust your prices based on cost prices and market sales prices. Here's how it works:

Types of Repricing:

• Suggestions: Receive pricing suggestions which you can either approve or reject.
• Fully Automatic: Allow the system to automatically adjust prices based on predefined strategies.

Repricing Strategies:

• Match Cheapest: Set your prices to match the lowest market price.
• Go Under Cheapest: Price your products slightly below the lowest market price.
• Go Over Cheapest: Set prices marginally above the lowest market price.
• Do Nothing: Keep your prices unchanged.

Flexible Strategy Application:

• It's not an "all or nothing" approach. You can tailor strategies to different product categories.
• For instance, you might choose to match the cheapest competitor in the washing machine category.
• In the dryer category, consider pricing 1% above the cheapest competitor.
• For specific brands, like Miele, you might opt to keep the price as is.

This customizable approach allows you to apply the most effective pricing strategy for each product category, ensuring competitive pricing while maintaining profitability.