Dynamic Pricing is a feature that helps you adjust your prices easily to stay competitive in the market.
With this module, you can create rules to get optimal price suggestions based on the prices in the market, your product cost, and markup.
For optimal SmartPrice suggestions, ensure that you enter your Product Cost (what you paid to purchase or produce items, not your selling price). If you're unsure how to add your product cost, have a look at this article.
Check out our step-by-step guide for creating SmartPrice rules.
SmartPrice suggestions will then be displayed on the product page and the Excel report.
Shopify app users can enable automated repricing. You can read more on it here.
Whereas non-Shopify users can automate repricing by fetching SmartPrice suggestions via our API. You can access our API documentation here.