4 Tips for Building a More Profitable Online Business

3. Stay competitive with repricing options. Being able to reprice an item in response to an external stimulus — e.g., a competitor’s price or inventory availability — can provide retailers with a substantial advantage and an increase in sales velocity. Rather than perform the laborious task of repricing by hand, use an automated tool to alter the price of an item on a marketplace without the guesswork, integration hassles or manual data import/export.