Amazon seller software helps to find the lowest price, other retailers are ready to re-evaluate your goods in a few hours to keep them below your price, and then you will no longer have the lowest-priced product.
You can check this website https://www.turbopiranha.com/amazon-seller-fees-for-fba-and-fbm/ for the process of selling products on amazon software. If you want your product to have the lowest price, you have to lower the price of the product again and the entire cycle repeats itself, resulting in the price of one cent.
If your product has the second-lowest price, other retailers that use automated pricing software cannot see your price as their competitor and cannot reduce their price. That way, you still have a big chance to sell many of the products as faster as you can.
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Another tip for selling on Amazon is to remember not to compete with other product requirements that are usually in the condition of your product.
For example, if you release a book in "very good" condition for sale, you will find a price that corresponds to the lowest product in the "very good" category, even if the item is much higher than the price of the same product in an "acceptable" condition.
An alternative way to determine the price of your product is to determine the average selling price of your goods in the market. Divide the price impartiality to get a total multiplier. Wholesalers usually charge half the average retail price. Once again, you need to see what your competitors are charging customers in your niche.