Every e-commerce seller knows that beyond product quality, customer service, and marketing, there’s one critical factor that determines success: pricing. Consumers have become savvier, often comparing prices across multiple platforms before making a purchase.
This makes having an effective repricing tool not just advantageous, but essential. There are several repricers in the market two of which are Walmart’s internal repricer and the Ecom Repricer.
In this article, we will be putting these two side by side to compare their features and which is better for your selling needs.
- Walmart’s internal repricer has reliability issues with incorrect data 40% of the time, while Ecom repricer incorporates data from multiple sources for superior accuracy.
- Ecom Circles Repricer respects sellers’ privacy by safeguarding pricing strategies from competitors, while Walmart’s repricer requires sellers to disclose minimum prices to Walmart.
- Ecom Circles Repricer offers a wider spectrum of competition settings, allowing sellers to target individual sellers by name and execute specific strategies, while Walmart’s repricer only allows sellers to compete with three types of competitors.
- Ecom Circles Repricer offers flexible repricing options to adapt to market changes and seize profit opportunities, while Walmart’s repricer only allows sellers to specify a dollar amount or percentage to outperform competitors.
What is Walmart’s Internal Repricer?
Walmart’s Internal Repricer is an automated tool designed to assist sellers on Walmart’s online marketplace in optimizing their pricing strategies.
This tool is integrated within Walmart’s Seller Center, making it a go-to solution for those who primarily operate on this platform.
It aims to help vendors maintain competitive pricing by automatically adjusting product prices in response to various factors, primarily the pricing strategies of competitors and prevailing market conditions.
- Automated Adjustments: The repricer modifies prices in real-time based on market conditions and competitor prices.
- Pricing Strategies: Sellers can choose from predefined strategies or create custom ones tailored to their catalog.
What is the Ecom Repricer?
Ecom Repricer is a comprehensive, third-party repricing tool designed to offer a multi-faceted approach to e-commerce pricing, particularly for sellers on Walmart’s online marketplace.
Unlike Walmart’s Internal Repricer, Ecom Repricer aims to provide a holistic e-commerce experience by not just focusing on competitive pricing but offering an array of additional features that streamline, analyze, and improve the e-commerce journey.
- Rapid Integration: Automatically syncs all Walmart listings within minutes.
- Advanced Cost Management: Manual and bulk-upload options, with seamless integration with Ecom Circles software.
- Customized Pricing Strategies: From maximizing profits to avoiding price wars, it offers diverse strategies.
- Seller-Specific Competitions: Choose which sellers to compete against, even excluding giants like Walmart.
- Dynamic Pricing Formulas: Set Min and Max prices based on customizable formulas, considering all business costs.
- In-Depth Business Insights: From Buy Box insights to alerts on inactive items, it’s a treasure trove of data.
Limitations of Walmart’s Internal Repricer
Walmart’s internal repricer has significant limitations. One major drawback is the incorrect data that the repricer provides 40% of the time. This can lead to inaccurate pricing and missed profit opportunities.
Additionally, Walmart’s repricer lacks the flexibility to adapt to market changes. It only allows sellers to specify a fixed dollar amount or percentage to outperform competitors.
This can limit a seller’s ability to maximize margins and respond quickly to market trends.
In essence, Walmart’s internal repricer falls short in meeting the demands of modern e-commerce merchants who require accurate data, dynamic pricing adjustments, and the ability to differentiate among competition types.
Ecom Repricer vs. Walmart’s Internal Repricer: The Ultimate Comparison
While both tools have their merits, let’s contrast them to understand which offers a superior edge:
A critical aspect of e-commerce is efficient cost management. While Walmart’s tool lacks advanced features in this domain, Ecom Repricer shines.
It not only provides options for manual and bulk uploads of costs but also boasts of seamless integration with the Ecom Circles software, ensuring automatic cost imports.
Here’s where the distinction becomes even more pronounced. Walmart offers limited predefined strategies, restricting sellers from tailoring their pricing approach extensively.
Ecom Repricer, conversely, empowers sellers with diverse strategic options, including crafting custom strategies and choosing specific competitors—imagine the advantage of opting not to compete with giants like Walmart itself!
Dynamic Pricing Formulas
Walmart’s repricer doesn’t offer advanced options for setting dynamic pricing boundaries.
Ecom Repricer takes the lead by enabling sellers to formulate custom pricing based on diverse business costs. This ensures that the pricing remains dynamic, yet consistently profitable.
Monitoring and Reporting
While Walmart’s tool provides insights into pricing and Buy Box dynamics, it doesn’t delve deep.
Ecom Repricer, on the other hand, serves as a vigilant watchtower, offering detailed insights, alerts for inactive items, multi-storefront analysis, and exhaustive report history.
Navigating through Walmart’s Seller Center might not always be the most intuitive experience for users.
Ecom Repricer addresses this by offering a user-centric dashboard that provides a clear snapshot of crucial metrics, ensuring even novices find it easy to grasp.
Walmart’s repricer lacks the granularity of choosing specific competitors.
Ecom Repricer fills this gap, allowing sellers to strategize by selecting or avoiding particular competitors, thus providing a nuanced competitive strategy.
In-Depth Business Insights
While both tools offer insights, Ecom Repricer goes the extra mile. It not only provides data on competition and Buy Box prices but also informs sellers of their position relative to the Buy Box, ensuring they’re always strategically poised.
Management of Multiple Storefronts
For sellers with multiple Walmart storefronts, Ecom Repricer offers another advantage. Unlike Walmart’s tool, it provides separate statistics for each storefront, allowing sellers to tailor strategies for each one.
Data Reliability and Privacy
To truly gain an edge in the competitive e-commerce landscape, it’s crucial to consider the reliability of data and the protection of privacy when comparing repricing solutions.
When it comes to data reliability, Walmart’s internal repricer falls short, with incorrect data occurring 40% of the time. In contrast, Ecom Repricer incorporates data from multiple sources and utilizes proprietary algorithms for superior accuracy and reliability.
In terms of privacy, Walmart’s repricer requires sellers to disclose minimum prices to Walmart, potentially exposing their pricing strategies to competitors. On the other hand, Ecom Repricer respects sellers’ need for discretion and safeguards their pricing strategies from prying eyes.
By prioritizing data reliability and privacy, Ecom Repricer offers a more robust and secure repricing solution for modern e-commerce merchants.
Both Walmart’s Internal Repricer and Ecom Repricer offer unique sets of features, but the best choice hinges on your specific needs and circumstances.
If you’re a small-scale seller who is just dipping your toes into the Walmart marketplace, the built-in functionality of Walmart’s Internal Repricer might suffice for your basic needs. However, be wary of its limitations, such as the 40% incidence of incorrect data and the lack of advanced strategic flexibility.
On the other hand, if you’re a serious e-commerce player looking for a robust, feature-rich repricing tool, Ecom Repricer seems to be the better fit.
Its advanced cost management features, custom strategy options, and ability to manage multiple storefronts provide a level of sophistication that Walmart’s tool simply cannot match.
Moreover, its focus on data reliability and privacy can offer you the peace of mind that every seller needs in today’s hyper-competitive online market.
To sum it up, small-scale sellers or those new to the Walmart platform might find the simplicity of Walmart’s Internal Repricer sufficient.
But for those ready to take their business to the next level, investing in Ecom Repricer could provide the competitive edge needed to thrive. Your choice should align with your business goals, scale, and the complexity of your operations.
Choose wisely, as the right tool could be your stepping stone to e-commerce success.