Feedvisor has launched a new repricing solution for private label products sold on Amazon.
The private label repricing tool uses machine-learning algorithms to forecast the demand for private label items based on hundreds of data-points. This will help you identify the correct price for the item according to your business goals.
CEO and Founder of Feedvisor Victor Rosenman says: “We’ve witnessed an upward trend in private label selling in today’s market, but most repricing solutions cannot address the unique challenges private label selling presents. With no competition for these items, many retailers struggle with pricing decisions, and guesswork is often their default baseline.”
“The private label repricing solution has been developed closely with Feedvisor’s customers, and in its beta form has already produced incredible results. In the last two months, some customers have seen their private label sales jump by as high as 58 percent and their profit grow by 65%. Feedvisor has been a key contributor to the success of our customers and I’m excited to extend our offering to private label sellers.”
One Response
Private label pricing is such a delicate thing to go on. In most cases there is no competition and if there is your packaging adds a % factor to your price that cannot be seen by comparing to others on the market. The fact that you own the listing and private label means you do not need a repricer to be competitive. Unless you are selling “private label” items which have no packaging and just a different listing you more than likely want to set the prices yourself or else you would be potentially leaving a lot of value on the table.