Setting the minimum and maximum prices correctly for repricing is an important part of getting good results. Profit Protector Pro simplify it by calculating them automatically with the Min & Max Automation tool.
In the Account screen, Min & Max Automation is in the Calculation Settings.
There are two identical boxes in the Min & Max Automation screen from which to choose the parameters to set those prices at. They can be setup to follow:
The Buy Box
Break Even price for the SKU
A set ROI%
Choose a percentage above or below one of these for which the Minimum price will be set to in the next boxes.
If this is the only parameter to be considered, then in the next dropdown choose “no further conditions”. This will mean that when the Min & Max Automation is selected on a listing the minimum will only take this option into account. For example:
Buy Box = $20
Minimum is set at +25%
No further conditions is selected
Minimum price will automatically be set to $25
If the Buy Box moves to $21, the minimum will be $25.25
To add a condition to calculating the Minimum price, choose either “and at least” or “or at least”, depending on how it is to be calculated.
In this example, by choosing “and at least” the minimum price will be set at 20% ROI if the minimum is also equal to or more than £3 in profit. If not it will use the higher value figure.
Selecting “or at least” would mean the minimum would be set at the lower value figure.
Setting the Maximum price can be done in the same way, though it is often wisest to have a fixed figure in mind for this parameter to minimise the risk of violating Amazon’s Fair Pricing Policy.
Many sellers switch the Automated Max Price to off and use the Max Price Sold data from BuyBotPro.
Either the Min or the Max Price Automation can be toggled on or off in the applicable box.
In this screen there is also an option to apply the settings in Min & Max Automation to all inventory.
Click on Save Changes to apply any changes made to the Min & Max Automation settings.
To apply the settings from Min & Max Automation to a listing, select the Automate B/E and Min Max button in a Profit Protector Pro listing. The same option is available in the Profit Protector Pro Chrome extension, the app and the BuyBotPro Extension.
To override an automated minimum or maximum price, simply input an alternative price in either box in a Profit Protector Pro listing and click Save Changes, or in the BuyBotPro integration Save to PPP.
From the Profit Protector Pro Inventory screen it is also possible to apply either the Min OR Max Automation to a listing. Click on the button by each price box to apply them.
BEWARE: Be sure that any settings are acceptable as they will be applied automatically when the Min & Max Automations are selected.
It's heavily advised to add Buy Prices for your items and configure your break even settings prior to calculating as this data is crucial to the min/man automation feature.
Profit Protector Pro uses the data available to it to make calculations on Break Even and ROI, a “one size fits all” approach. A deal analyzer such as BuyBotPro will have full access to the data for listings and can provide more personalised results for Min and Max Automation.