Determining your prices - Global min & max

Determining competitive product prices is key to maximizing your sales. On the other hand, making mistakes while allocating prices to your products on Seller Lab can have a big impact on your revenue. We're only human, and one can forget or add an extra zero at the end of a number. Imagine a PlayStation priced at 140 AED instead of 1400 AED by mistake. For sure this would look like an amazing deal to our customers, and they will most certainly place a lot of orders. You on the other hand, could lose a lot, or cancel the orders all together, which will negatively impact our customers' shopping experience.

At noon we have a system in place to help limit such undesired scenarios. The price of each product that you list on noon will have minimum and maximum thresholds based on its historical sales data, to help you avoid mistakes while pricing your products:

Two ways of setting price thresholds on Noon:

• x_noon_price_min(global min price) / x_noon_price_max(global max price) - this price range is set by noon for all SKUs, based on the historical sales data of that specific product so that sellers avoid under/overprice the product. If this price range is breached by a seller, the SKU will be deactivated, and will no longer be visible on the website.
  

• x_seller_price_min(partner min price) / x_seller_price_max (partner max price) - this is an optional price range which is set by the seller using Seller Lab. It ensures that the sellers' price is guard-railed against its own threshold. 
  

Remember: A SKU’s uploaded price must be within the partner SKU min/max (seller price range) for the SKU to go live.

If the price you want to upload does not fall within the current seller price range, you must first update that range before the SKU can go live.

- You can download your catalog and identify all min/max ranges set against a sku

- If you adjust your selling price, always confirm that the value still sits inside your defined partner SKU min/max range.

Exploring the Impact of Price Min/Max on Product Pricing and Visibility:

The following various examples illustrate the dynamics of price min/max, and how it affects your pricing

and the visibility of your products:

• for #1, the price uploaded is 150, and it is within global price range and partner’s price range, hence the uploaded price of 150 is live and will reflect on the website

• for #2, the price uploaded is 30, which is within global price range, however it is breaching partner’s price_min. In this case, the price will not go live until the price_min is updated or the price is changed.

• for #3, the price uploaded is 180, which is within global price range, however it is breaching partner’s price_max. In this case, In this case, the price will not go live until the price_max is updated or the price is changed.

• for #4, the price uploaded is 10, which is not within global price range and is breaching global_min, hence the product will be offline. In this case, the x_seller_price_min(partner min price) / x_seller_price_max (partner max price) do not play a role

• for #5, the price uploaded is 210, which is not within global price range and is breaching global_max, hence the product will be offline. In this case, the x_seller_price_min(partner min price) / x_seller_price_max (partner max price) do not play a role

That’s it!

Got questions?

Reach out to seller@noon.com