Once you have created your Pricing Rules, you’ll apply them to your inventory in Settings > Pricing Overview. Here, you can set up a Global Pricing Overview and/or set up specific strategies per account(s) with the pricing rules you’ve created.
The Pricing Overview consists of a list of your accounts. To set up your Pricing Overview, select an account or choose the global option. This opens a pane to the right that allows you to pair your pricing rules with your Smart Lists.
You’ll see a drop down for ‘choose what to list’. This will be a list of your current Smart Lists as well as an option for ‘Whole Inventory’.
Next is a drop down menu of the pricing rules you created. This is the rule that will apply to the Smart List above or to your whole inventory, depending on your pricing strategy. There are two additional options in this drop down menu: Do Not List and Ignore.
If you apply ‘Do Not List’ to a Smart List, it will remove the listings from the associated venue(s) if they are Merchant Fulfilled listings and you have Sellery's inventory management enabled.
If you apply ‘Ignore’, the system will not change the price on your items or adjust quantity levels, but will still gather up-to-date competition data.
Finally, you have the option to add a margin or mark-up to the calculation of the Minimum Price for that specific group of items.
The Mark-up is a fixed amount that is applied to your COST for all the items included in that Smart List and will affect the calculation of your Minimum Price. Negative mark-ups are used to offer discounts and will prompt a warning that you may lose money on the sale.
The Margin is a percentage of the final sale price that you wish to be profit. Margins of >70% will prompt a warning that very high margins may cause prices that are too high to list on certain venues.
Keep creating your Pricing Overview by following the steps detailed above until all of the Smart Lists you wish to reprice have been assigned Pricing Rules.
Keep in mind that the system applies these rules from top to bottom, on a first come, first served basis. Some items may be in multiple smart lists: if so, they will be priced using the first rule that applies in the Pricing Overview. Make sure your list always ends with a Pricing Rule assigned to ‘Whole Inventory’. In fact, you won’t be able to save your Pricing Overview without doing so. This is a safety measure or a catch-all.
Don’t forget to save!