Dynamic Pricing is an embedded automation tool available to all resellers. It uses pre-set price points to intelligently discount your items over an 8-week period.
By default, Dynamic Pricing is turned on for all new listings on the platform. You can disable it anytime in your Business Preferences under Settings. A listing's dynamic pricing can be edited or removed at any point.
Editing a Listing's Dynamic Pricing
- Go to My Inventory in your business account.
- Select the item you want to modify.
- Click Reset to clear the current dynamic pricing rule.
- Choose one of the following:
- Auto Dynamic Pricing: Places your item into one of Ragpiq's automation rules based on its price.
- Custom Rule: Select a rule based on how quickly you want to sell the item.
Pricing Schedule
The tables below show the week-by-week discount progression for each rule. Use these to choose the right pace for your sales strategy.
Premium (Price $300+)
| Week | Discount | You Keep |
|---|---|---|
| 1 | 0% | 100% |
| 2 | 5% | 95% |
| 3 | 0% | 100% |
| 4 | 5% | 95% |
| 5 | 0% | 100% |
| 6 | 5% | 95% |
| 7 | 5% | 95% |
| 8 | 10% | 90% |
Standard ($100 – $299)
| Week | Discount | You Keep |
|---|---|---|
| 1 | 5% | 95% |
| 2 | 5% | 95% |
| 3 | 5% | 95% |
| 4 | 5% | 95% |
| 5 | 10% | 90% |
| 6 | 5% | 95% |
| 7 | 10% | 90% |
| 8 | 10% | 90% |
Aggressive (Under $100)
| Week | Discount | You Keep |
|---|---|---|
| 1 | 5% | 95% |
| 2 | 5% | 95% |
| 3 | 5% | 95% |
| 4 | 5% | 95% |
| 5 | 10% | 90% |
| 6 | 10% | 90% |
| 7 | 20% | 80% |
| 8 | 20% | 80% |