How to Use Early Miser - Pricing Triggers and Custom Feeds

One of the cool features of EarlyMiser is combing the custom feed feature with the pricing trigger. This allows you to moniter a group of products and set a price trigger when any product reaches a particular percentage discount. At EarlyMiser a pricing trigger can be set on any item or group of items in custom feed. So after adding items to your custom feed you can set a pricing trigger on that custom feed. Typically when setting a pricing trigger I would recommend a percentage off that you would like buy the item. The system currently calculates prices based off a running average of the following providers, shopping.com, and Amazon.com. We use those providers as they tend to provide the most accurate results (sorry Yahoo Shopping). We don't use ebay for determining the average price as the ebay price fluctate far too much.

When setting a price trigger, it's important to remember that the discount is calculated from the average of the current suppliers. Given the number of suppliers we are calculating from we are going to have a fairly accurate number based a wide distribution. Given the breadth of retail suppliers, set the percentage discount realistically - ie a 90% discount might be too high but you can set it in hopes that someone will run a promotion where they treat your item as a loss leader. It is fairly common to see someone running a 30% percent off promotion on a item, so setting your pricing trigger at 30% of the week averaage is a good way to get a good deal on items.

You can set a pricing trigger based on the running average of the last day, last week, last month, last three months or last six months. I typically set my pricing trigger at a week or a month depending on the nature of the item. Last week running gives the lastest averages and using the three month running average is likely to give you a higher average.

Once any item in your custom feed reaches the price trigger criteria you will be sent a email with a link to that result, allowing you to purchase the item at your desired discount. You can delete the item from the feed after you have purchased it.