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Head of Global Strategy Team @MiraeAsset

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What are the Advantages of Dynamic Pricing? Profit Maximization per client The best part of dynamic pricing for you as an Amazon seller because you can maximize the amount you make with every of your customer. For instance, if there is a low demand of your product, you can reduce the price to encourage your clients to buy from you and at the same time, you are ensuring none of the products stay over due. So also, if there is a high demand for your product, you can also increase the price of the product according to its demand. This is usually common with seasonal products. For instance, there would be a higher demand for Christmas trees during December than in other months. In line with the demand, it is also the best time to increase the price. Increases the demand for your product Dynamic pricing helps you rank better than your competitor. The truth is that everyone wants to buy the best products at very affordable rates. If your products are of high quality and sell less, you definitely would be your customer’s go-to. However, you cannot know the price to set your products if you do not monitor your competitors.

What is Dynamic Pricing for Amazon Sellers?

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