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Dynamic Pricing Software for E-commerce

Scale successful sales strategies, reduce errors, and increase revenue with dynamic product repricing.
+20%
ROI
+15%
Margin
+30%
Revenue
+5%
Market share

TRUSTED BY

How often do you encounter these problems?

Dynamic pricing software for e-commerce solves them all.

The supplier doesn’t have the product

Still, the product is displayed on your website and you can get negative feedback about the product not being in stock.

The product doesn’t sell

It turns out your price is higher than competitors’.

Competitors violate MSRP

As a result of following the rules and not selling under MSRP, you lose sales.

Product managers can’t keep up with every category

You’re selling goods that nobody’s watching, causing you to lose potential profit.

You’re the only one with a scarce product

You aren’t aware of this and sell at the regular price, losing potential extra profits.

It’s difficult to find experienced and competent category managers

The market is competitive, and it takes a long time to train beginners.

From manual repricing to dynamic pricing

Basic

  • Effectively track availability. A product’s status is set to in stock only if goods are actually available to you or the supplier.
  • Always see the current conditions of suppliers and their prices so you don’t sell at a loss.
INTEGRATION METHOD
Export prices to Excel and transfer them to your site manually to avoid customer negativity.

Intermediate

  • Set individual rules and parameters for each category of goods.
  • Consider competitors’ prices to improve your performance and increase sales.
  • Customize the parameters you want to track and that the system will highlight so you can adjust your strategy.
INTEGRATION METHOD
Get prices via API

Optimal

Most popular
  • Consider expected conversion, logistics, and marketing costs.
  • Implement various strategies: maximizing sales, increasing profits, selling overstock, etc.
  • Enable individual product-level rules for your best-selling products.
  • Increase margins on deficit and exclusive goods.
INTEGRATION METHOD
Integrate Pricer24 with your site so that when you change the price in Pricer24, it’s automatically changed on your site as well.

Dynamic E-commerce Pricing Software

Pricing that adapts, profit that grows.
+30%
Revenue
+10%
Profit
+20%
ROI
+5%
Market share
3X
Faster

Features of Pricer24

Research not only competitors’ prices but also your price positioning in the market by product, segment, or category.
Data synchronization
Data synchronization
Synchronize all important data about your sales, products, categories, and market.
Automation
Automation
Automate your own strategies to cover more categories and increase profits.
Tips
Tips
Get clear tips that can be implemented automatically or manually.
Settings
Settings
Create different settings and strategies for individual categories and subcategories, and select individual items for manual management.

Opportunities with Pricer24

Analyze the number of offers on the market, analyze promotions, and set your own dynamic pricing strategy.
Various parameters
Various parameters
Work with different parameters — price, availability, characteristics — and flexibly customize them.
Flexible strategies
Flexible strategies
Pursue flexible strategies even in niches where there are MSRP or supplier-specific conditions.
Increased profits
Increased profits
The most effective managers will be able to apply their strategies to a larger number of categories, increasing the company’s profits.
Efficient use of resources
Efficient use of resources
Even with a small staff of category managers, you can conduct a competent pricing policy for a large number of categories.

Get expert advice

Submit a request to see our service in action and make sure it meets your needs.

Dynamic pricing increased market share by 2% in Q1 by handling more incoming data and more flexible algorithms.

Mihail Bogdanchikov
Category Manager

FAQ

What does dynamic pricing mean, and what is its purpose?
Dynamic pricing is an approach when the price of a product changes in real time depending on various factors: demand, supply, exchange rates, the buyer’s geolocation, etc. The main goal of dynamic pricing is to constantly offer a competitive price that includes the maximum possible profit for the business, taking into account the market situation.
When should dynamic pricing software for e-commerce be implemented?
Dynamic pricing software for e-commerce will come in handy if you want to quickly and automatically change prices on a site with a large number of SKUs, taking into account certain external and internal factors:
  • - Competitors’ prices, sales, and promotions
  • - Prices of similar products
  • - Expected conversion rates
  • - Logistics and marketing costs
  • - Product shortages (to increase margins for products that are in demand and that only you have)
  • - Availability of your products
  • - Exchange rate fluctuations
  • - Margin levels and price floors
  • - Product shelf life
What advantages does dynamic pricing for e-commerce offer?
Dynamic pricing allows you to automate the pricing process and scale the most effective strategies for all product categories, even with a small number of category managers. With Pricer24’s dynamic pricing solution, you will be able to:
  • - Set individual rules and parameters for each category
  • - Consider competitors’ prices and other parameters mentioned above
  • - Set up the parameters you want to monitor and those you want the system to visually indicate so you can adjust your strategy
  • - Get prices via API or integrate Pricer24 with your website so that when parsing data is updated in Pricer24, it is immediately passed to your pricing system
How much does a dynamic pricing solution cost?
The cost depends on the size of your assortment, the number of websites to track, and the level of integration. We suggest discussing your tasks first, ensuring we understand your needs so our manager can give an accurate estimate of your investment.
Does your dynamic pricing tool have a support service?
Yes, of course. Our manager will always help you deal with your task, set up the required filter, or even improve the toolkit.
What are the key features to consider when evaluating dynamic price management software?
When evaluating dynamic price management software, several key features should be considered to ensure it meets your business needs. These include:
  • - Pricing strategy customization. The software should allow you to create and customize pricing strategies tailored to your business goals, such as profit maximization, inventory clearance, or market share expansion.
  • - Real-time data integration. Your software should be capable of integrating with various data sources.
  • - Competitor analysis. An effective dynamic pricing solution should monitor and analyze your competitors’ prices.
  • - Price optimization algorithms. Look for software that employs advanced algorithms to calculate optimal prices based on your strategy and the data at hand.
  • - Rule-based pricing. Dynamic pricing software should offer rule-based pricing, allowing you to set predefined conditions and pricing rules for various products or categories.
  • - Dynamic rule adjustment. Your software should allow you to adapt pricing rules and strategies on the fly, responding to market fluctuations and changes in business objectives.
  • - Integration with e-commerce platforms. Ensure that your software can seamlessly integrate with your e-commerce platform or systems for a smooth workflow.
  • - Reporting and analytics. Look for robust reporting and analytics tools to track the effectiveness of your dynamic pricing strategies and make data-driven decisions.
  • - Support and training. Consider the availability of customer support and training resources to help your team effectively use the software.
  • - Scalability. As your business grows, your dynamic pricing software should be able to scale with you, accommodating more products and data without compromising performance.
Our software includes all these key features and helps clients optimize pricing strategies to maximize success.

Get expert advice

Request a demo to see how Pricer24 can meet your needs



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