Why brands should offer their Best Pricing on the platform?
At Orderchamp, we believe in providing the best value to both our brands and customers. Our Best Pricing Guarantee ensures that brands offer their most competitive pricing on our platform, benefiting both parties involved. In this article, we will explore what a best pricing guarantee is, why brands should offer their best pricing on our platform, and why it is important for our customers.
Our best pricing badge will soon be launched on the marketplace, so join our Best Pricing program here to be part one of the first brands to get it!
What is a Best Pricing Guarantee?
A Best Pricing Guarantee is a commitment made by brands to provide the best possible pricing for their products on Orderchamp. It ensures that customers have access to competitive prices while shopping on our platform. By offering the best pricing, brands can attract more customers, increase sales, and establish a strong presence in the marketplace.
Why brands should offer their Best Pricing on the platform
Brands should offer their best pricing on Orderchamp for several reasons:
a. Increased visibility: By providing competitive pricing, brands can increase their visibility and stand out among the competition. Customers are more likely to choose products with attractive pricing, leading to higher visibility and potential sales.
b. Customer acquisition: Offering the best pricing on Orderchamp helps brands acquire new customers. Customers often compare prices across different platforms, and by providing the most competitive prices, brands can capture the attention of potential buyers and encourage them to make a purchase.
c. Repeat business: Providing the best pricing creates a positive shopping experience for customers. Satisfied customers are more likely to become repeat buyers and recommend the brand to others. By offering competitive pricing consistently, brands can foster long-term relationships with their customers.
d. Competitive advantage: In a competitive marketplace, offering the best pricing gives brands a competitive edge. It allows them to differentiate themselves from similar products and attract customers who prioritize value for money.
Why Best Pricing is important for our customers
Best pricing is crucial for our customers due to the following reasons:
a. Cost savings: By shopping on Orderchamp, customers can access the best pricing available in the market. This enables them to save money and get the most value for their purchases.
b. Trust and transparency: Customers appreciate transparency in pricing. When brands offer their best pricing on Orderchamp, it establishes trust between the customer and the brand. Customers can rely on the platform to provide them with the most competitive prices.
c. Satisfaction guarantee: With best pricing, customers feel confident that they are receiving fair and competitive deals. It enhances their satisfaction with their purchases and encourages them to continue using Orderchamp for their shopping needs.
Complying with our Best Pricing Guarantee
Orderchamp conducts regular price audits on similar wholesale platforms and reserves the right to request your price grid at any time to verify that your pricing complies with our program policy.
If we identify that your wholesale prices on Orderchamp are higher compared to other channels, we will reach out to you to provide an opportunity to update your pricing or make an appeal. Failure to address any price discrepancies may result in your brand being removed from the Best Price Guarantee program.
Retailers also have the option to report price discrepancies directly to participating brands through the platform. It is essential for brands to actively respond to retailers' reports by matching the lower prices identified outside our platform.
In the event that brands fail to match the lower prices reported by retailers or if Orderchamp observes that a brand has received multiple reports of higher prices from retailers, we will take immediate action to remove the brand from the Best Price Guarantee program
By adhering to our Best Pricing Guarantee, Orderchamp aims to create a marketplace where brands and customers can thrive together. We believe that providing the best pricing is a win-win situation, benefiting both our valued brands and our loyal customers.