The purpose of smart pricing is to help you maximize your sales. Sometimes high prices can be a reason for low sales. Even a small price reduction can make the product more appealing. A lower price combined with a higher sales percentage can lead to bigger sales.
How does smart pricing work?
Smart pricing follows sales of a product, and if the product doesn't sell within the first hour, the price starts gradually decreasing. The price drop stops if sales are made. The price can drop down to 50% of the original price, but never below ResQ's minimum price (€1).
How do I use smart pricing?
You can turn on smart pricing in your Settings page. After enabling it, you'll see the option to use smart pricing on every offer. We recommend trying this feature especially with products that sell poorly.
If you use smart pricing, it is automatically enabled for all offers. However, you can disable it when publishing an offer, and also when the offer is already on sale.
