Automatic pricing updates are used by most of our customers. It saves you a ton of work! However, there are some important things for customers to quickly check often when using automatic pricing.
Of course, you must first make sure you have automatic pricing turned on and your markup percent defined.
See these articles on how to do this:
Can Spark Shipping update prices in my store?
How to turn on Automatic Pricing Updates
Tolerance Percentage (site-wide level)
The tolerance value is a percentage that you specify, that will trigger an alert when a price change exceeds the percentage that you entered. This alert is shown in the "Pending Price Updates" box. If an item is in the pending price updates box, the price is not changed until you approve it. Many of our customers find it helpful to set this somewhere between 20-30%. This value applies to your entire site.
Example: You are using automatic pricing and have your tolerance level set to 20%. At one of your vendors, the price is marked down 25%. Instead of Spark Shipping changing the price by 25%, the item price is held until you approve it in the Price Pending Updates box.
To turn it on:
-From the Spark Shipping website top menu bar, click "Automation" then "Pricing"
-Scroll down to the "Tolerance" field; define your tolerance percentage (e.g. 20%)
-Click "Update Price Settings" to finalize
How to check your pending price updates:
We suggest you do this task daily or else these prices will not be updated.
-From the Spark Shipping website top menu bar, click "Automation" then "Pricing"
-Scroll to "Pending Price Updates"
-Review the pricing information to make sure this price change makes sense for your business
-Click on the product link; you will see an"Actions: Update now" button; click this to approve the change
What if you are getting too many pending price update alerts?
You may want to reconsider changing your threshold to a higher percentage value if it makes sense for your business.
Note: If you have many alerts that you want to clear out that you don't need to review and want to close out quickly, contact Spark Shipping support at: support@sparkshipping.com
🎥See this demo video on how to set up Pricing Automation:
How Pricing Automation Works (Site Level)
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