Why should I use repricing in my Shopify store?
Repricing is an effective way to maximize profits and stay competitive in the e-commerce market. By using the dynamic pricing feature in your Shopify, you can be sure that your products are always priced at the most competitive level. This helps you get more sales and increase revenue while staying ahead of the competition. Repricing also allows you to monitor prices across channels so you can adjust your pricing strategy accordingly.
Do I need to use Dynamic Pricing in my Sote store if I don’t want to be the cheapest on the market?
We also do not recommend positioning yourself as the cheapest offer on the market. Price is an important factor in business, but our experience shows that the consumer’s decision-making process is also influenced by other factors (availability of goods from competitors, shipping prices, the reputation of the e-Shop, etc.). Our platform enables efficient implementation of pricing policy assumptions by integrating data and aggregating industry-specific attributes.
What are the major functionalities of Dealavo for Shopify shop owners?
Firstly, you will understand the market – its volume, dynamics, and key players.
Secondly, by the instant reaction to the price change, you will increase your competitive strength.
We will recommend you the best price for your product.
Also, we will explain the source of your income changes.
Furthermore, you will be able to spot the price wars beginnings on the market.
All provided data may be easily analyzed, which will save you money and time.
How much does the integration cost?
At Dealavo you pay just for the price monitoring of the products you follow. Our service prices are discussed individually, as it depends on the volume of your assortment and the monitoring range. There is no universal price, but don’t worry, you will not be disappointed. We offer a 7-day trial, and after handing over the product feed to us, we will set up your account immediately, so you can start your first analysis on the spot.
How often the system can update the prices in my shop according to the price rules?
Thanks to the Dynamic Pricing platform and all the collected data, our algorithm can recommend a price that will attract the client, as well as guarantee you optimal profits. The system update may occur even a few times a day.
What input does Dealavo need?
Essential parameters are:
– product name,
– EAN (CounterPrice only),
– product ID.
The gross purchase price is also highly recommended, as that enables the user to set limits of suggested prices based on a minimal margin or markup.
Where does Dealavo share price recommendations?
Dealavo generates gross retail price recommendations according to the price rules set by the client and shares them in a gross retail price for the shop field.