Choose the Right Pricing Strategy
The right pricing strategy can not only help minimize Amazon selling fees, but also increase your profits in the process. One of the fees that a strategy can affect is referral fees. Amazon charges referral fees on each item sold, which are a percentage of the item’s sale price. When you price your product competitively, fees are lower and profits are higher.
To price your products competitively, take into account your current fees and desired profit margins. Use that number to set your pricing. An easier way to do this is through dynamic pricing optimization. This strategy involves adjusting the price in real-time to maximize revenue and profits. It’s incredibly difficult to do manually, which is why most sellers rely on an optimization software like Feedvisor’s.
Our advanced repricing algorithms can help Amazon sellers automatically adjust their prices in real-time to remain competitive and win the Buy Box, which can increase sales and offset Amazon fees.