How to participate in Commission drop deals?
Offering the products at a competitive price is one of the most effective ways to engage customers and increase sales. To help you stay competitive while protecting your margins, we are introducing a new deal type: Commission Drop.
Commission drop deals allows you to offer your products at different price tiers while benefiting you with reduced commission rates. As you choose lower price tiers, the commission you pay decreases.
Let's explore how you can set it up in Seller Lab and understand it in more detail
How to access the Commission drop deals?
In order to access the Commission drop deals you can follow these simple steps.
- Login to the Seller Lab and then click on Promotion. Then select Deals.
- You will be redirected to the deals dashboard. Here you will find the different types of deals that run on the platform. Click on Commission drop to participate in these deals.
How to participate in the Commission drop deals?
Under the Commission drop, you will see all the SKUs eligible for the Commission drop deals.
Note: All sellers are eligible to participate in the Commission drop if they have eligible products.
- You will see the current price and the commission for that SKU.
- You will also be able to view 2 tiers, i.e., Silver and Gold , and the associated commission for each tier.
Note: If you select the Silver tier the commission will be a bit higher when compared to the Gold tier. You can change the tier easily if you want to switch from Gold to Silver or Silver to Gold.- You can select which tier you want to participate in the deal with. Finally, enter the stock you want to include in the deal, then click Update selected.
-The SKU will have a Live Tier tag, and the pricing and commission will be adjusted accordingly.
Managing Commission drop deals
You will also notice some important actions that you can take on the Commission drop deals. Let's discuss them one by one.
Deals Schedule & Eligible SKUs
The deal schedule is displayed at the top of the page, where you can view all eligible SKUs for each timeframe.
Advanced SKU Search & Filters
You can use the search bar to quickly locate specific SKUs. You can also filter your product list further by applying status-based filters, such as Seller Status or Stock Exhaustion, to monitor deal performance in real-time.
Seller Status Filter
- You can filter the SKUs based on the Seller status, which can either be Active or Inactive.
Stock Exhaustion Tracking:
You can quickly identify the inventory that needs to be replenished by filtering SKUs based on whether their deal stock is exhausted or not.
Max Stock Capacity
Each SKU displays a Max Stock Amount, which represents the maximum inventory limit allowed for that specific deal.
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