Pricing Trigger 7.0  

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The Question: To Buy or Not to Buy?

The Answer: Is determined by the current resale value ($$$) and how quickly it can be sold (sales rank.)

So the lower the sales rank number is, the more popular the book is and faster it will be sold.

If the book is easy to sell (lower sales rank), then you don't require a high profit margin on that book.
If the book is harder to sell (higher sales rank), then you need a higher profit margin on that book to make it worth keeping in inventory.

To explain the sales rank in detail, please refer to this page: Amazon Sales Rank Explained

So when you setup your criteria groups, you choose the minimum current resale value of items measured against their sales rank.

When you install our program, it comes with one pre-configured criteria group that is geared toward book sales.
 

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We support up to 7 steps of minimum pricing and corresponding sales rank combinations to trigger buying sound.  You can choose your desired number of steps from just 1 step to 7 steps pricing info.  For example, if you only need 5 steps of pricing, you can fill up the first 5 rows and leave the last 2 rows empty.
 
As an example, with price settings like the screenshot below, you will get a buy signal when you scan an item with following prices:
(1) Price = $3.55, ranking = 5000, OR (2) Price = $6.62, ranking = 250,000, OR (3) price = $41.25, ranking = 0 (No ranking)
 

You will get a reject signal, when you scan an item with following prices:
(1) Price = $3.55, ranking = 60,000, OR (2) Price = $6.62, ranking = 500,000, OR (3) price = $34.25, ranking = 0 (No ranking)
 

You can setup multiple pricing templates. To setup a new pricing template, click on "Crit 2", input your pricing structure, and click "Save" button. To switch back to "Crit 1", tap on "Pricing" from "start menu", click on "Crit 1", and click "Save" button.

For more information on the Criteria Group please refer to the following link: http://www.asellertool.com/ent/support/buying_criteria_7.htm

#1 - Lowest Price of All (LA)

The lowest price of an item, regardless of whether it's a price for a "new offer" or "used offer".

#2 - 2nd Lowest Price of All (2A)

The 2nd lowest price of an item, regardless of whether it's a price for a "new offer" or "used offer".

If an item only has one offer, then the "Lowest Price of All" is used.

#3 - 3rd Lowest Price of All (3A)

The 3rd lowest price of an item, regardless of whether it's a price for a "new offer" or "used offer".

If an item only has two offers, then the "2nd Lowest Price of All" is used.

#4 - Lowest Price of New (LN)

The lowest price of "new Offer".

If an item does not have any "new offer" , then instead of returning buy/reject signal, a message of "No New Offers" is returned.

#5 - 2nd Lowest Price of New (2N)

The 2nd lowest price of "new Offer".

If an item does not have any "new offer" , then instead of returning buy/reject signal, a message of "No New Offers" is returned.

If an item only has one "new offer", then the "Lowest Price of New" is used.

#6 - 3rd Lowest Price of New (3N)

The 3rd lowest price of "new Offer".

If an item does not have any "new offer" , then instead of returning buy/reject signal, a message of "No New Offers" is returned.

If an item only has two "new offers", then the "2nd Lowest Price of New" is used.

#7 - Average Lowest 3 Price of All (AA)

The average of the lowest 3 offers of an item, regardless of whether it's "new offer" or "used offer".

If an item only has two offers, then the average of the lowest 2 offers is used

#8 - Average Lowest 3 Price of New (AN)

The average of the lowest 3 new offers of an item.

If an item does not have any "new offer" , then instead of returning buy/reject signal, a message of "No New Offers" is returned.

If an item only has two "new offers", then the average of lowest 2 new offers is used.

NOTE:

Regardless of which trigger you choose, if an item does not have any offer, it returns a message of "No Seller Listings".

 


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Last modified: 01/26/2010.