Amazon has initiated a program that offers the company greater control over prices set by third-party sellers:
“Sellers who sign up to the program give Amazon permission to reduce the price of their products at will. In exchange, they are guaranteed a payout called Minimum Gross Proceed (MGP). Amazon told sellers, ‘You will be paid based on the sales price, or the Minimum Gross Proceeds (MGP), whichever is greater.’”
P.S. Interested in selling more on Walmart.com or SamsClub.com? Want to improve your sales on these platforms? Our experts can help. Book a consultation today.