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It's ok for giving you insight on whether your products may be over or under priced. However, it does not consider what you are actually paying for that product or what fees are associated. For instance,depending on where and how your products are obtained they may also charge a "processing fee" on top of the product's price. Also, I have vendors that charge me a higher price for drop shipping vs buying in bulk,so a boutique owner may buy in bulk to supply their brick & mortar will buy at a cheaper price because I'm buying by order and not bulk. Plus if I want to build a sales funnel & offer a discount, it does not consider if I have a discount in place for any products that it may suggest a lower price for. So if I am offering a 15% discount, the lower price it suggests may be that 15% discount total or more. Overall it's useful for increasing lower margins, but it's up to you to know the least you can charge when suggesting a lower price point.
Thanks for your honest review. While the app analyzes merchants' product costs, sales performance, inventory, and market data, merchants are the ultimate experts on their store. We recently released Settings to let merchants set their minimum margin and maximum discount to factor into complex overhead like fees, shipping, etc. to better reflect the total costs of running their business and ongoing discounts to protect margin. We invite you to check it out to receive better tips that work with your store in practice.
Good start but very limited at the moment. It needs to not include made to order (POD) products, as these items show inventory, but it's not accurate and never will be. In fact, Shopify should develop a way to exclude these products from inventory balances all together. In addition, the app include Shopify Collective items that are supplied from other Shopify accounts. That inventory also is not owned by me and should not be included in the algorithm that drives the Shopify Smart Pricing App. The idea is great... but it currently has room for improvement.
Appreciate the honest feedback. Markdowns and markups use available inventory as one of their signals, so POD and Shopify Collective products won't fit well there when that stock isn't really yours to move. New product price tips are usually a better fit for those items, since they compare your price against similar products across Shopify instead of stock levels. We've logged and shared this feedback with the right teams.
Smart Pricing is not compatible with the India market, especially for the online toys and ride-ons category. Pricing rules and markdown/markup features don't align well with INR-based pricing structures and local market dynamics. Hope the team improves India market support.
Thanks for flagging this. In markdowns and markups, the tips are based off of your store's aggregated inventory, sales, cost, and seasonality data, taking any markets settings you've configured (ex. % price difference between primary market).
We're working on letting merchants set their own margin targets and taking market specific tax settings into account for price tips. If you have ideas on how we can improve tips to be more relevant for the India market, please share them using the app's feedback button.
I should be able to update the price and set the price not just use the recommended one. I have to update the price in the product manually and them click skip.
Thanks for letting us know, this is really helpful. We recently added price editing directly in the app in response to feedback like yours.
Now you can see which products could benefit from a price decrease or increase, but you set the final price yourself to fit your strategy, no more updating manually in product. Hope it makes things smoother.
Great idea, however more clarity on how the app decides and what basis it has made the recommendations would be good, app does not take into account how long an item has been on our system for. example I received items a week ago and the app is suggesting that I reduce my prices. second issue, seasonal items. we work on a yearly and QTR basis. items that arrived end of last qtr and are starting to sell now but not fast enough for the app are having suggested price to be reduced. I would like the option to put in my 3 main competitor's and have the app report based on those competitor prices.
Really appreciate the feedback. To see the basis for any suggestion, hover over the price tip and you'll find the forecast and the data behind, based on your sell-through rate at the current price, available inventory, cost per item, and seasonality.
You make a fair point on item age. This is something we're actively working to improve, along with longer seasonal and quarterly cycles. We currently refresh price tips weekly from your latest data and are working toward a faster cadence. The option to add your own competitors is a popular request that we'll consider as a team.
Not enough data
Thanks for the honest feedback. That’s a real gap in the A/B price experiments results if you need deeper analytics to make a call. The results page is deliberately lean so it stays readable, and each metric has a tooltip with the definition behind it. If you can share which result or breakdown you were looking for through the in-app Give feedback box, we can use that to shape what we add next.
Initial recommendations are crude such as mark down items based on inventory. That's a stupid recommendation. Items could have more inventory because they are good sellers or more inventory because they are slow sellers. It's not an intelligent recommendation. Will monitor and report back if the recs get better over time.
Thank you for the candid feedback. You make a fair point - available inventory on its own isn't a reliable signal of how well a product sells, since high stock can mean a strong seller or a slow one. We're working on additional price tips grounded more in market price data rather than inventory alone. We'd genuinely like for you to check back in and share your thoughts. Our price tips improve in direct response to feedback.
ich gebe 3 Sterne, weil das Tool gut aufgebaut ist und offenbar sauber kalkulieren kann. Leider ist es in meinem Shop ungeeignet, da ich extrem hochpreisige Warem habe die nicht als Masse verkauft werden. Aber für Produkte, wo der Begriff "Masse statt Klasse" gilt ist das Tool gut. Insofern ist es mir nicht möglich die App mit ihren Ergebnissen zu sehen.
Vielen Dank für die faire und ehrliche Bewertung! Sie liegen genau richtig: für hochpreisige Einzelstücke ist das Tool weniger geeignet. Markdown- und Markup-Preistipps entfalten ihre Stärke bei Shops mit einem breiteren Sortiment physischer Produkte, die regelmäßig verkauft werden, deren Lager- und Kostendaten in Shopify gepflegt sind und bei denen Preise flexibel angepasst werden können.
Dort hat das Modell genug Signale, um echten Mehrwert zu liefern. Wächst Ihr Sortiment einmal oder kommen volumenstärkere Artikel dazu, schauen Sie gern wieder vorbei!