Smart Price

Smart Price
M1

TOTAL:
$0.00
Compatible With: Community 1.4.2, 1.5, 1.6, 1.6.1, 1.6.2.0, 1.7, 1.8, 1.8.1, 1.9, 1.9.1, 1.9.2, 1.9.3

Tech Specifications

Seller:
Current Version:
1.3.8
Type:
Stable Build
Updated:
21 December, 2017
Categories:
Extensions, Sales, Comparison Shopping Engines
License Type:

Overview

Smart Price tracks your competitors and automatically reprices your products on Google Shopping and Market Places like Amazon, Cdiscount, & Bol

Other Extensions by Boostmyshop

Overview

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Monitor Worldwide Shopping Engines & Market Places. Define your sales strategy and Automatically Reprice your products according to your objectives. With Smart Price you can integrate every element of your sales price : fixed costs, variable costs, commissions, profit, etc. Smart Price will help you to define the right selling price

SmartPrice is offering 3 prices-adjustment strategies : Mild, Moderated or Aggressive. Choosing one the mode will change the repricing behavior generating more sale or more margin. Smart Price can monitor Amazon and Google Shopping worldwide. 

 

PRICING (€)

Catalog Product (Up to)  -  Single Daily Repricing - Multi Repricing - Live repricing on Amazon

              1000                 -                49                 -           79                 -           99

              2000                 -                89                -          109                -           136

              5000                 -              119                 -          149                -          186

            10000                 -              139                -          179                -          

            20000                 -              199                 -          259                -          

 

BENEFITS

Smart price brings all competitor information in Magento to adjust price and improve profits

  • Completely integrated with Magento
  • Real Time Competitor Price Watch
  • Adjust your prices automatically
  • Fully customizable

 

Why automate price adjustments?

The minute you offer a product for sale on your website or an online marketplace, you come into competition with other vendors offering exactly the same product.

As a response, Amazon selects one vendor for each product to be the “Buy Box” winner and this vendor is given priority over others via increased visibility on the website. The selection process is based on an algorithm that takes into account a wide range of information about the vendor, such as buyer ratings and the number of sales made. The vendor’s sales price is not the foremost criteria 

However, even a minimal price adjustment can help to advance your placement among the competition and increase your sales. 

 

As e-merchants ourselves, we know that making price adjustments without securing your profit margin can lead to disaster. The trick is to account for ALL of your internal and external overhead costs so that you can define a minimum sales price for each of your products.

Smart Price is the only tool on the market that considers Amazon’s commission among your overhead costs:

•             Purchase price and delivery costs

•             Shipping fees to customer

•             Additional logistical costs

•             Amazon commission

•             Taxes (VAT)

 

 Once your overhead costs are defined, you can configure your profit margin by product type and performance mode. A “cautious” performance mode, associated with your minimum profit margin, is applied by default, but you can also choose a ‘moderate’ performance mode with a lower minimum profit margin.

 

Price Adjustment : Prices decrease and, more importantly, increase automatically!

 

The automated price adjustment tool works in several different situations:

•             When you are the only vendor of a given product, nothing holds you back from raising your sales price!

•             When your direct competition is more expensive, Smart Price raises your price just enough to maximize your earnings, without compromising your position on top of the competition.

•             When another vendor is less expensive, and your profit margin settings allow, Smart Price lowers your price just enough to put you in first place.

•             Smart Price will never make price adjustments that lead to profit loss, unless you have configured it to do so.

•             You can also configure Smart Price to maintain your first-place position, regardless of the consequences to your profit margin.

 

Identify the Competition

 Smart Price is not only able to seek out your competitors on online marketplaces such as Amazon, Cdiscount, and Bol, but it can also scan the web, the way Google Shopping does, to find competitors on all sales channels. The different subscription levels provide you with limited or full access to these features.

The Smart Price tool uses a sophisticated correspondence algorithm to locate your products for sale online. Once your products have been located, they are monitored regularly to provide information on your competitors such as their sales price, shipping fees, position, name, number of sales, and rating.  

Once it has become familiar with the competitive environment for your products, Smart Price can begin to adjust prices automatically, according to your settings. 

Custom Settings

Smart Price is fully customizable to give you complete control over your price adjustment policy. Every detail including product monitoring, overhead calculation, minimum profit margin, minimum/maximum sales price, and competition consideration can be configured according to the product’s brand, stock level, weight, category, and price. In other words, you can establish your conditions according to the product details of your choice.

You can also customize your settings to establish different performance modes per product, brand, category, etc.    

 

 

Release Notes

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1.3.8:

  • Compatible with CE: 1.4.2 1.5 1.6 1.6.1 1.6.2.0 1.7 1.8 1.8.1 1.9 1.9.1 1.9.2 1.9.3
  • Stability: Stable Build
  • Description:

    Improve stability

Support

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The best place to start if you need help with a specific extension is to contact the developer. All Magento developers have both a contact email and a support email listed.

Q & A

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Reviews

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