The idea of smart pricing is to help you maximize your sales. Sometimes high prices can be a reason for low sales. Even a small lowering of the price can make the product more appealing. Lower price together with higher sales % can lead to bigger sales.
How does smart pricing work?
Smart pricing follows your sales of a specific product. If the product doesn’t sell during the first hour, the price starts slowly going down. The price stops changing if sales are made. The price can go down to 50 % of the original price but will never go below the minimum price.
How do I use smart pricing?
You can turn on smart pricing in your Settings page. After enabling it, you’ll see the option of using Smart pricing on every offer. We recommend trying this feature with low selling products.
If you use smart pricing, it’s automatically enabled for every offer. However, you can turn in off for any offer at any time.