Intelligent Repricing Rule: Floor Price
Sections of an intelligent repricing rule include:
- Select Rule Type
- Competitor Conditional Variances
- Price Adjustment
- Floor Price
- Optional Ceiling Price
The automated limit settings are used to help protect the floor pricing against the intelligent pricing rules. This allows the store owner to set a floor for their intelligent pricing rules with the ease of mind that the automated rules will not price their Amazon listing below a desired price.
Floor price attributes will work off the website scope if your Magento store is using website pricing scope. For more information, see Price Scope.
Floor price is only used with intelligent repricing rules.
To configure the Floor Price section of an Intelligent Repricing Rule Price action:
Define your lowest price setting in the Floor Price section.
For Floor Price Source, select an attribute from the drop-down.
Select your Magento attribute which will indicate your relative floor limit. For example, if you don’t want your product listing price to go below the Cost of your item, you would choose the Cost attribute.
For Floor Price Action, select an option.
Decrease By: Select this option if you want the defined floor price source value to be decreased before listing to Amazon.
Increase By: Select this option if you want the defined floor price source value to be increased before listing to Amazon.
Match: Select this option if you want to change your Amazon listing price to match the lowest competitor price, based on your competitor feedback and variance parameters. When selected, the Apply and Floor Adjustment Amount fields are disabled.
The Apply field defaults to "Apply as percentage."
For Floor Adjustment Price, enter the numerical value for the percent to adjust your floor price source.
In this example, the floor price is set to be 3% above the cost of the item.
Intelligent Price Floor Price Section
|Floor Price Source||Choose the Magento attribute that will indicate your relative floor limit. For example, if you don’t want your product listing price to go below the cost of your item, you would choose the attribute Cost.|
|Floor Price Action||Options:
|Apply||Apply as percentage: A percentage adjustment relative to the Floor Price Source.|
|Floor Adjustment Amount||Enter the numerical value for the percent to adjust your Floor Price Source.|