What is OptiPrice?
OptiPrice is an AI-enabled pricing calculator that helps businesses maximize their profits by optimizing their prices. It provides a platform for users to upload their products and pricing details, and then fetches competitor pricing information and live market data to calculate an optimum price that balances margin and sales.
Features of OptiPrice
Calculate Optimum Prices
OptiPrice uses machine learning algorithms to combine user-provided pricing details with competitor pricing information and live market data to find an optimum price that maximizes profit and stays competitive.
Track Competitors
OptiPrice finds competitors' products and condenses them onto a single page, providing insights into their pricing strategy and price updates.
Monitor Pricing Performance
The platform comes with integrated analytics and reporting features, allowing users to organize their pricing strategies and find what prices work best for them.
How to Use OptiPrice
To use OptiPrice, users simply add their product to their account, entering pricing details and information about the nature of their good. Then, OptiPrice does the hard work with its API and machine learning algorithms to calculate an optimum price, find competitors, provide analytics, and present this information to the user on their dashboard.
Pricing of OptiPrice
OptiPrice offers three pricing plans:
Solopreneur
- $4.99/month
- 5 products
- Weekly price optimizations
Pro Pricer
- $9.99/month
- 200 products
- Daily price optimizations
- Competitor monitoring tool
- Weekly pricing report
Enterprise Plan
- Custom quote
- Unlimited products
- Scenario modeling
- Tailored integrations with existing solutions
- Live support from dedicated experts
Frequently Asked Questions
How do I use OptiPrice?
OptiPrice is simple to use. Users add their product to their account, entering pricing details and information about the nature of their good. Then, OptiPrice does the hard work with its API and machine learning algorithms.
Which retail sectors do you serve?
OptiPrice supports products for various retail sectors, including apparel and clothing, automotive parts and accessories, beauty and cosmetics, and more.
What goes on behind the scenes?
When a user uploads a product, OptiPrice's API finds and optimizes the elasticity of the good, which is a metric of how sensitive demand is to price changes. Then, it fetches live market information and competitor product data as additional price constraints, ensuring timely and appropriate price calculations.
Can I use OptiPrice to monitor competitors?
Yes, OptiPrice comes with comprehensive competitor monitoring tools. It searches the internet for competitors, provides insights into their pricing strategy, shows price updates, and allows users to automatically track their price.
I'm still not sure, what about a free trial?
OptiPrice offers a free 7-day trial to new users, allowing them to evaluate whether OptiPrice can work for their business.
