Just like a prime real estate, the BuyBox has similar value. Getting that prime spot and getting that focus is critical to success. Just like you have to pay extra for the prime spot, the BuyBox also comes with cost. On the BuyBox page, along with the BuyBox holder, you also see three other sellers displayed on right hand bottom side. Since its not always possible to get the BuyBox, being featured on the BuyBox page is also rewarding. ChannelMAX tries to make sure that you are maximum exposed to this prime spot named BuyBox of Amazon Listing page. You dont have to figure out anything, its all done by ChannelMAX ALGORITHM repricing We also now have Walmart repricing, however, it's as not as powerful as that of Amazon repricing because of limited capability of Walmart API.
In 1691, John Locke said "The price of any commodity rises or falls by the proportion of the number of buyer and sellers" and "that which regulates the price." It is true that the BuyBox is critical to success, but that may not result in a sale, especially when you are the only seller on the listing or you are selling Private Label items. In these cases, what is desired is reaching the equilibrium price point between demand and supply. ChannelMAX constantly monitors the 'demand' of your item (revenue or sales INTELLIGENCE), checks how much 'supply' you have, and adjusts the price, UP or DOWN, reaching the equilibrium point, also known as ALGORITHM repricing.
ChannelMAX uses Big Data to crunch numbers. For algorithmic repricing, the system has to self-learn, it's like Artificial Intelligence (AI). Algorithmic repricing is based many many parameters that ChannelMAX needs to use intrinsically. This intrinsic data needs to be gathered and then applied with statistical models to arrive at the correct price. We use information such as BuyBox, SalesRank and Sales Velocity etc., and then we combine this information along with sales target and apply it to our ALGORITHM.
The Pareto principle (also known as the 80–20 rule, the law of the vital few, and the principle of factor sparsity) states that, for many events, roughly 80% of the effects come from 20% of the causes. ChannelMAX has observed the same with Amazon accounts. We have noticed over 100s of Amazon accounts that around 20% of the SKUs contribute around 80% of revenue. As a seller, it's important that your top 20% SKUs and take special care.
At times, you will be scratching your head as your sales have slowed down. Looking for an answer is not easy. ChannelMAX provides the SKUs that have lost sales compared to prev week or month. Similarly, ChannelMAX shows the SKUs that have up trend. Gainers and Losers. ChannelMAX is the first company who coined the 'Deadbeat SKUs', these are the SKUs that are not price-competitive.
Amazon MCF stands for Multi Channel Fulfillment and applicable to your Amazon FBA items only. Do you sell on eBay or Buy.COM or Sears or Volusion or any other selling venue? Do you also sell in Amazon FBA? ChannelMAX can connect both. ChannelMAX can automatically download your orders from non-Amazon sites and convert them as Amazon FBA orders to be directly shipped by Amazon FBA warehouse. Once FBA creates the label and assigns the Tracking Number, ChannelMAX will import it and feed the tracking number back to the non-Amazon selling venue where the order was placed by buyer. It all happens automatically, no manual intervention needed. Using ChannelMAX, you can keep also your FBA qty updated in other non-Amazon sites, as long as SKUs match.
Our FBA Maximizer also allows you to list your FBA listings to other marketplaces such as eBay etc. in an automatic fashion that keeps you free to the real work, buying cheap and selling at a reasonable profit. ChannelMAX will gather all the required information for listing to eBay or other marketplaces, information such as description, images, manufacturer name, part number, other relevant attributes. ChannelMAAX is also capable of getting variation information and parent child relationship. Once all the information is gathered, then ChannelMAX auto lists the items to eBay. ChannelMAX does all this automatically, hardly any manual intervention needed.
We solve this complex problem in a simple way. Input your SKU stock level in ChannelMAX and let ChannelMAX make sure that quantity is synchronized across all your selling platforms. Every 15 to 30 mins, we track your sales and inventory adjustments transactions, calculate net quantity which is then updated to the selling venues. ChannelMAX stock control is highly configurable including integrating with any supplier providing the feed with any format.
Do you have a list of UPCs or ASINs or EANs or Keywords that you want to search on Amazon? You can use ChannelMAX UPCSearch application to look up one by one of in bulk. You can process as many as 25K with one file upload. Once uploaded, the file would be processed by ChannelMAX server and result will be emailed to you. The speed of lookup depends on the speed of Amazon Products-API, generally around 25K ASINs or UPCs or EANs could be processed every hour. If you pay $24.99 a month (for any other service such as repricing, inventory mgmt etc.), its free for you. Otherwise its $24.99 a month.
We strive for the best customer service, and regular positive feedback on it always inspires to work harder and smarter. We strive to have the best customer service in the industry. During weekdays, We have nearly 22 hrs a day support. On weekends, no support query is left unanswered for more than 5 hours.