How to Use Smart Price

Smart Price is an automated pricing feature that helps sellers avoid manually adjusting prices every day. The system automatically updates your listing price based on market changes and will never go below the Cost + Margin you set - ensuring you never sell at a loss.

Step 1: Create a Rule

Start by creating a new Smart Price rule for the product you want the system to manage.

1. Go to the Smart Price menu.
2. Click Create Rules.
3. The system will display an initial setup form.

Step 2: Search for a Product

Find the product you want to configure Smart Price.

1. Enter the product name, brand, SKU, or item code.
2. Select the desired product from the search results.
3. The system will display product details.

Step 3: Select Sizes

1. Select the sizes you want to apply Smart Price to.
2. Multiple sizes can be selected at once.
3. If a size already has an active rule, the system will show the status “Ruled” and you will not be able to create a duplicate rule.

Note:

✳ Duplicate rules cannot be created for a size that already has one, but the existing rule can be edited in the Smart Price Monitor.

Step 4: Enter Cost and Margin

To activate Smart Price, sellers must fill in the following fields:

• Cost: The cost of the item.
• Margin: The minimum profit you want per item.

Note:

✳ The system will never set a price lower than Cost + Margin to ensure you do not incur a loss.

You can input these values in two ways:

1. Apply to all — Enter once and apply to all selected sizes.
2. Set individually — Enter Cost and Margin separately for each size.

Step 5: Rule Created Successfully

After a rule is successfully created:

• The system will confirm that Smart Price is ready to use.
• To activate automatic price updates immediately, turn Toggle = ON.

Note:

✳ With the Toggle set to OFF, prices will not update through Smart Price.

Fees and the revenue structure may differ across activities or campaigns.

Learn more in the Terms & Conditions.

✳ The system will stop all automatic price updates until Smart Price is re-enabled.

✳ When Smart Price is turned off, the product price will remain at the last Smart Price value.

✳ You may edit the price manually from the product listing page.

✳ All existing rules (and newly created rules) will remain inactive until Smart Price is turned ON again.

Step 6: If a Rule Already Exists for This Product

• If the product already has an active rule, the system will notify you immediately.
• If there are still sizes without a rule, you may create additional rules for those sizes.
• If all sizes already have rules, you will not be able to create new ones.
• You can still create Smart Price rules for other product variants (different models, colors, or SKUs).

Step 7: Monitor & Manage

Sellers can review all Smart Price rules on the Smart Price Dashboard, which displays:

• The current selling price set by Smart Price
• Smart Price status (ON/OFF)
• The latest price update timestamp

Note:

✳ The system updates prices automatically every night at 01:00 AM.

✳ Orders placed before the update time will use the price from the previous day

Step 8: Edit Cost and Margin

Need to adjust your cost or margin?

• Click the 'Edit' icon.
• Update your Cost or Margin values.
• Save your changes.

The system will recalculate the price immediately based on the updated values.

Step 9: Turn Off Smart Price

If you want to temporarily disable Smart Price:

• Switch the Toggle to OFF.
• Confirm the deactivation.
• The system will stop automatic price updates.

Note:

✳ Toggle = OFF → Smart Price will not adjust your pricing.

✳ The price will remain at the last Smart Price value.

✳ All rules will remain inactive until Smart Price is turned ON again.

Step 10: Delete a Smart Price Rule

To delete a rule:

• Click the 'Delete' icon.
• The system will display a confirmation popup.
• Click confirm to permanently delete the rule.

Step 11: Add Listing

After creating a rule:

• You can immediately add the product to your listing.
• The latest Smart Price value will be displayed on the Add Listing page.

Step 12: Pricing for Defect Items (Defect Pricing)

For items that are in In Storage status and marked as Defect, the system will automatically apply the Defect Rule to determine the selling price.

• The Defect Rule applies to all SKUs and all sizes that are marked as Defect.
• The system references the Market Reference Price that has been accepted by buyers.
• The price will then be adjusted downward by no more than ten percent (10%) from the market reference price.
• The calculated price will be used as the initial listing price for defect items.

Note:

✳ Prices for defect items may differ from the same products without defects, as defect items are priced using a dedicated Defect Rule.

✳ Pricing for defect items follows the Smart Price Model to ensure prices remain appropriate to the item’s condition and aligned with market standards.