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What is Dynamic Pricing?
Increase your turnover and profit with dynamic pricing
Dynamic pricing is a pricing strategy where you use dynamic prices instead of fixed prices. This principle is often used by web shops, but you also see it more and more in physical stores. As a webshop owner, it is important to choose the best pricing, so that you can offer the best price/quality. Doing this manually is time consuming and difficult. To make this process quick and easy, we have built smart and handy software that does this for your products! With our software you save a lot of time and you increase your turnover and return. In the fast-paced world of online shopping, it's important to get the best and smartest price.
Why dynamic pricing is a must for e-commerce entrepreneurs?
An important reason is time. By automating pricing, there is no need to manually change your prices. With the dynamic pricing module of SlimstePrijs this happens automatically and saves you a lot of time. The main reason is of course more profit. The research 'The Future Shopper' shows that price and delivery are the most important factors. 64% of participants indicate that price is the most important factor when making a purchase. It is therefore important to adjust prices to the offers of your competitors. With a dynamic price you remain competitive 24/7, increasing turnover by an average of 35%! In addition, several online shops are already working on this strategy. Research has shown that 22% of retailers already use price information software and 36% plan to use price information software next year. Of course, they don't do this without reason. Because you automatically adjust the prices, you will achieve great results. The power of dynamic pricing is:
- Higher margin
Our software is not made just to drive prices down. The power of the SlimstePrijs software is that we scan the competitors and based on this price you can determine your selling price. Do you sell a pair of trousers for €80 and the lowest price on the internet is €100. Then you can set that you want to sell 5% below the cheapest pants. As a result, you do not sell the pants for €80, but for €95. As a result, you are still the cheapest and your margin is higher. - More turnover
By using dynamic pricing, our customers have an average of 35% more turnover. - Prices between 15% and 20% higher
By looking at competitors and adjusting prices accordingly, we often set prices higher. This gives you more margin and a better return on your products.
No more worrying about your prices not being right
The software of the Slimsteprijs very accurately collects the correct prices from your competitors. With this data you have the right insights into the market in which your products are offered. Based on the data, you can respond to opportunities in the market, which will increase the margin and turnover of your store. The SlimstePrijs has different packages which are made up of the number of products you want to scan and the frequency (daily, weekly and monthly). As a result, there is a suitable package for every company.
Automatically adjust prices the way you want
Our software is made to look up and adjust the prices of the competitors in many different ways. We have customers who do this via EAN codes, but this is also possible by item number. We build the software the way you want it.
Work with your own margins
The last thing you want is to offer the products for a price that is too low, but you also don't want to offer the products for a price that is too high. You can set the desired margins in our software, so that you know the minimum amount that remains with a purchase. Based on the settings, you can see which pricing strategy yields the most return for you. Our reliable dynamic pricing software ensures that prices are adjusted to the prices of the competition.
Automatically adjust prices for your webshop!
The goal of SlimstePrijs is to relieve entrepreneurs by introducing dynamic pricing. Our developers have for almost all platform handy links have been made so that almost any system that can be linked by means of an API can be connected.
We have links with:
Dynamic pricing is an interesting development if you want to take steps with your webshop. Manually adjusting prices is outdated and takes too much time. With our software we take over all these manual tasks from you and ensure that profit and turnover are increased. We set rules based on your own margins, so that you never sell at a loss and product. If you have any questions about dynamic pricing or if you want more information, you can contact Contact us.
