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Frequently Asked Questions
What is the purpose of this site?
Price Spectre is an automated pricing agent for eBay sellers. Price Spectre automatically monitors your competitors' listings and prices your item based on rules you've set. Dynamic pricing can give you an edge over the competition.
How does Price Spectre find my competitor's listings?
For each managed item Price Spectre requires search parameters to be defined. This is basically an advanced search similar to the one found on eBay. Price Spectre uses the listings found via the search parameters when updating your prices.
Isn't this process time consuming?
To make the setup process quicker you can set default search parameters for everything except for keywords. If the item is in eBay's product catalog and you listed it using a UPC or ISBN number then Price Spectre will automatically import this along with the item's condition.
If you sell common items (media, books, etc) you could potentially have every listing automatically set up for you at listing time.
What happens when I list a new item?
When listing a new item it will automatically appear within Price Spectre. If you have any default settings they will then be applied to the listing.
What about when I relist an item?
When you list an item we automatically try to match it with your ended listings. If we find a match we'll use the same information you gave us for the original item. To take advantage of this feature you must relist within 10 days and must use the same title.
What pricing strategy does Price Spectre use?
The seller has several to choose from. Initially Price Spectre comes with algorithms that price based on undercutting the lowest or nth lowest price available, charging a premium over the lowest or nth lowest price available, and charging based on the average price. More pricing strategies are planned for the future including ones that take into effect the recent performance of the listing at various price points and the possible ability for users to define their own
How does Price Spectre make sure I don't sell below my cost?
Price Spectre requires that every managed item have a floor price set. Price Spectre will never set the price of your item below that amount. Floor prices should be set to the lowest price a seller feels comfortable selling their item.
Won't this just lower my prices and shrink my profits?
While many of our initially released pricing strategies are based on the lowest prices this does not mean the seller's price will drop. Ultimately, prices will fluctuate based on market conditions. Our future performance based strategy will be based on maximizing profits over a period of time.
How often do you adjust my prices?
Managed listings have their prices adjusted several times per day. Currently all listings all updated at 2 hour intervals though this time may change at any time without notice.
How much does this service cost?
Every new user is given a seven day free trial to evaluate our service. See our fee schedule for a list of costs.
Do you need my eBay password?
No, we use the eBay API which is the official method for third party developers to access eBay accounts. You will only need to generate a token giving us authority to access your account during our linking process.
What personal information do you collect?
When creating an account with us we will collect your name, email address, country, state, and postal code. All other information will be optional. It is highly recommended that you don't use your eBay password when creating your account.
Are you available for an interview?
If you are a member of the press and would like an interview please contact us with details.
