Why minimum and maximum prices are very important ?
In order to automatically adjust your prices according to your competitors, you need to define a minimum and a maximum price.
These two price limits help our robot to know :
- At what minimum price you agree to sell your product
- At what maximum price you agree to sell your product
These two prices are very important:
- Minimum price: You don't want to sell a product at too low a price because under a certain selling price we won't earn enough money
- Maximum price: You don't want to sell a product at too high a price because at a certain price your product will be too expensive and nobody will buy it
These two prices are defined for each of your products individually. At each price optimisation, our robot will use these two prices to adjust and optimise your price according to your competition.
Ways to define these price limits:
Define by Global strategy
Define on the product sheet in the interface
Define via file import (This allows you to make mass adjustments to your catalogue)
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