FAQ from OptiPrice
What is OptiPrice?
An online pricing suite designed for retailers that helps optimize product prices, monitor competitors, and view pricing analytics.
How to use OptiPrice?
To use OptiPrice, simply add your products and their pricing details to your account. OptiPrice will fetch competitor pricing information and live market data, and use AI and machine learning algorithms to calculate an optimum price that maximizes profit and maintains competitiveness. You can also track competitors and monitor the performance of your pricing strategies with integrated analytics and reporting features.
How do I use OptiPrice?
To use OptiPrice, simply add your products and their pricing details to your account. OptiPrice will calculate an optimum price, fetch competitor information, provide analytics, and present the information on your dashboard.
Which retail sectors do you serve?
OptiPrice supports products in sectors such as Apparel and Clothing, Automotive Parts and Accessories, Beauty and Cosmetics, Books and Stationery, Electronics and Appliances, Health and Wellness, Sporting Goods, Toys and Games, Tools and Hardware, and Footwear and Shoes.
What goes on behind the scenes?
OptiPrice uses AI and machine learning algorithms to optimize the elasticity of your products and fetch live market information and competitor data. This allows us to calculate an optimal price that maximizes profit.
Can I use OptiPrice to monitor competitors?
Yes, OptiPrice provides comprehensive competitor monitoring tools. You can track competitor pricing strategy, receive updates, and automatically monitor their prices.
What about a free trial?
OptiPrice offers a free 7-day trial for new users to evaluate the platform and its suitability for their business.