Where can I find?
If you click on My automatic offers link in Personal point of top menu bar, you will arrive into product list of automatic offers.
On the top of the listing if you click on the Product finder for automatic offers point, a product finder page will load where you can select the primary currency of the automatic offer and search for a product for which you would like to create your automatic offer or modify it. After searching, some products will be shown with Create new offer or Modify my offer links based on you have previously created or not an offer for the product. By clicking on a link you will arrive into the automatic offer page that is almost the same as a normal offer that you need to fill out as appropriate.
How does it work?
Each automatic offer is linked to one product and one base currency. Bidcage regularly tries to make offers automatically for group buys. The automatic making of an offer is working only if user has set it and no offer has been made to one of the totally same product base running group buys (in case of clothing products, size is also a differentiation). When the system makes automatically an offer, a new and independent offer is created based on the current data of the automatic offer. Therefore, changing of an automatic offer has no effect on former and independent offers that were created on the basis of the automatic offer. Users can set that the system makes their offer automatically in other currencies than the base currency of the automatic offer. If automatic currency conversion has been set, the system uses the current valid exchange rates are stored in database (daily updated from the European Central Bank) for the price conversions.
Shipping discounts for buyers
In case of group buys, there is a maximum quantity limit for every buyer that they can individually buy from the related product. In automatic offers, there is no maximum quantity limit in shipping discounts but when the system is making automatically an offer, maximum quantity limit for buyers in a group buy will become the maximum quantity limit for shipping discounts in newly created offer. Furthermore, those data rows of shipping discounts where minimum quantity limit is higher than maximum quantity limit for buyers in the group buy are totally skipped from the newly created offer.
Product stock has to be set for every automatic offer. In case of clothing products more stocks can be set related to the different sizes. When the system is making automatically an offer, the utilized stock is becoming the maximum quantity limit of product piece prices in the newly created offer. Furthermore, those data rows of piece prices, handling times and quantity limits where minimum quantity limit is higher than the stock are totally skipped from the newly created offer. If a stock is lower than the lowest minimum quantity of rows of piece prices, handling times and quantity limits, automatic making of offers stops. Those users who update their product stocks via product list processing API of Bidcage can set automatic stock tracking. Automatic stock tracking can only work if stock value was specified in product list and its value was valid. When a user sell a product through Bidcage, automatic stock tracking will work limitedly to avoid to make automatically such offers in which no adequate stock level is available for the user. In previous case, Bidcage will only increase a stock in automatic offer, if previously updated stock is lower than the current updated one and Bidcage will only add the difference of the two stocks to the stock level. The limited stock tracking will last as long as the handling time end of the last transaction. If a user changes his/her stock data inside automatic offer, automatic stock tracking will switch to normal working ie. it will follow the accurate level of stock (or in case of more ones those amount). If a user updates data for the same product in an automatic offer from more different web stores and selects more products for automatic stock tracking, Bidcage sums the uploaded stock values and manages them as the available total stock of the user. Product stocks are decreased by the amount of products sold through Bidcage. If more stocks were set for the automatic stock tracking, the different stock levels will be proportionally decreased. For instance, if there were 10 pieces and 100 pieces stocks and buyers bought 70 pieces , the first stock (10 pieces) will be decreased by 6 pieces and the other one (100 pieces) will be decreased by 64 pieces because total stock is 110 pieces and 10 pieces is 9.1% and 100 pieces is 90.9% and the last and biggest stock will be decreased by the total of all remainders ie. an extra 1 more piece.
Automatic piece price adjustment
Those users who update their product prices via Bidcage product list processing API can set automatic piece price adjustment. When an automatic offer is saved, the selected last updated web store price, the related currency and the current valid European Central Bank (ECB) exchange date that is stored in our system are also saved to the offer as references which will serve as the base of the future automatic piece price adjustments. In case of clothing products, user can select that Bidcage use the latest updated highest price from all sizes of a product to the piece price adjustment and in this case, Bidcage will change the related price adjustment data according to it. Though the last updated reference prices appear in converted form to the base currency of the automatic offer, the selected original value and currency of last updated price will be stored at the saving of the automatic offer. The stored ECB exchange rates to reference ECB date are used for piece price adjustment to avoid exchange rate changing and its costs in piece price adjustment (it is only necessary if related currency of stored reference price has changed in contrast with the currency of last updated price). piece price adjustment is working as the following: when you save an automatic offer and your last updated price from your web store is e.g. 100 Euros, this price and related currency is stored to your automatic offer. Next time when you update this web store price and it is e.g. 80 Euros, the piece price adjustment will be 0.8 in decimal form and -20% in shown percentage form. When the system makes automatically an offer, all product piece prices will be multiplied with 0.8 and that prices will be the new adjusted product piece prices in newly created offer (ie. all newly created adjusted product piece prices are 20% lower than what you set originally in automatic offer). So you do not need to change product piece prices every time when a price changing happened in your web store. When an automatic offer is saved, piece price adjustment decimal value is set to 1 (ie. the percentage form is 0% because the last updated price has been stored as reference price) and last updated reference price and related currency and current valid ECB exchange date in the system of Bidcage are stored as references.
Stop of the making of automatic offers and assumed price update errors
The system stops to make automatically offers if it perceives any possible error in the changing of updated prices. If the difference of prices is too high between too consecutive price updates or an updated price is linked to another product or an updated price is deleted from a product in the system of Bidcage and in addition automatic making of offers and automatic price adjustment are also set, the system stops to make automatically the offers and sends an e-mail notification to the user about it.
Utilization of automatic offers in creation of new offers to group buys
You can use your automatic offers too to support the faster creating of offers to group buys as well. You can learn more about it in Loading one of my previous offers related to this product
part. This opportunity is available in creation of automatic offers as well.