In addition to using custom or Buy Box pricing strategies, you can use one of the four default strategies available in Monsoon Marketplace.
When you set up your inventory group pricing, you can select from four default pricing strategies located on the Settings tab under Custom Strategies. The default strategies, displayed in green text in the price strategy box, are Lowest Price, Average of Lowest 3, Average of Lowest 5, and Fixed Price. These strategies are locked (can't be edited) and cover a range of selling approaches, from aggressive to conservative.
Amazon target price
Before making any pricing calculations, Monsoon Marketplace first identifies an Amazon competitive offer listing (or average of competitive offer listings) according to the settings in your default, custom, or Buy Box pricing strategy. Your system then uses this offer as your target price.
If your pricing strategy is set up to price at the average of competitive offers, the average of competitive offers is used as your target price.
Competitive offer listing
Monsoon Marketplace uses Amazon's Subscriptions API notifications to provide fast, competitive repricing anytime one of the 20 lowest offers for an item you sell changes price.
A competitive offer listing is one that matches the criteria you've set up in your pricing strategy and is not sold by one of your ignored competitors. The competitive offer that's used to price your item is selected from the 20 lowest offers in an Amazon notification.
Read more about offer listings in the Amazon Help article The Offer Listing Page.
Condition
Monsoon supports the following Amazon condition groups: New, Used (Like New, Very Good, Good, and Acceptable), Collectible (Like New, Very Good, Good, and Acceptable), and Refurbished.
Notification (Amazon Subscriptions API notification)
A notification is a list of the 20 lowest price offer listings in the same condition group as an item that you sell. Notifications are sent for four different condition groups: New, Used (Like New, Very Good, Good, Acceptable), Collectible (Like New, Very Good, Good, Acceptable), and Refurbished.
When the Lowest Price strategy is applied, you price against the lowest price in a filtered list of offers in the same condition group as your item: New, Used, Collectible, or Refurbished. The lowest price is known as the target price.
When the Average of Lowest 3 strategy is applied, you price against the average of the three lowest competitive offer listings in a filtered list of offers in the same condition group as your item: New, Used, Collectible, or Refurbished.
When the Average of Lowest 5 strategy is applied, you price against the average of the five lowest competitive offer listings in a filtered list of offers in the same condition group as your item: New, Used, Collectible, or Refurbished.
When the Fixed Price strategy is applied, your inventory does not dynamically reprice or interact with any market data such as Amazon Low Price.
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