Competitive pricing ensures that your listings and Buy It Now items receive the attention they deserve. If your cost is higher for products of equal quality when compared to another seller, then there is an excellent chance that you’ll lose that sale.
The most effective way to stay competitive in this regard is to use an eBay pricing tool. These software-based options will locate and track the prices of your competitors, giving you a dynamic way to reprice your listings so that you can optimize your conversions and profits.
If you are not currently using an eBay pricing tool or you want to upgrade your current setup, then these are the best options that are available right now.
What Are the Best Pricing Tools for eBay?
Instead of searching through similar listings manually, it is much easier to manage your storefront with these eBay pricing tools.
This repricer is the best one available right now. It will connect to eBay and your e-commerce platform while synchronizing your inventory data. You also have the option of comparing prices based on velocity so that you can maximize profits wherever possible. The software scans for item specifics, titles, keywords, and product codes, tracking each one it finds for you to ensure your volumes are where they need to be.
This eBay pricing tool works to match the Universal Product Codes to compare and competitively priced items. It requires you to enter the UPC correctly to make your dashboard manageable. If that code is not part of your listing, then the effectiveness of this resource becomes minimized. You do have the option to price-match items from your Amazon catalog if you sell on both platforms.
This repricer is another option that focuses more on the UPCs, but it also lets you search for keywords. You can customize the search criteria during the setup phase of the software, and then set specific configuration rules that let you manage your listings effectively. The best option here is that you can automatically choose a minimum price to guarantee a particular percentage of profit.
If you choose this eBay pricing tool, then the software will show you profit estimations in addition to the current market price. You must enter the name of your product for it to work, and then select the marketplace where it will gather results. You can include Google AdWords data to get a glimpse on demand too.
Are You Ready to Take Control of Your Storefront?
When you sell on eBay, your listings cannot be a one-and-done effort. You must continuously adapt your pricing and strategy to reflect the needs of the marketplace.
Several eBay pricing tools will let you have more control over this process, but it is StreetPricer that offers the most value. If you want to take your profits to the next level, then this option will let you manage your storefront effectively.