Developer Update June 2020 PriceMole
PriceMole: An easy-to-use dynamic pricing solution that automates competitor price tracking with price strategies for repricing, drop shipping, and more for you!
Price Tracking, also known as demand pricing and time-based pricing is a type of price strategy where retailers use flexible prices for products and services based on current market demands.
Here are some of the exciting achievements from our team efforts over the last few months:
MAP INFRINGEMENT MONITORING & ALERTS
Manual monitoring competitors prices takes up too much time, this is why so many retailers decide to use the automated solution like PriceMole. But how about monitoring your distributors for MAP (Minimum Advertised Price) infringements? Now you can do this too with PriceMole! Our brand new custom Alerts, allow you to set automated alert rules, so you will be notified instantly about any infringements from your distributors!
You can set rules to notify you when a merchants price is greater than, lesser than, within or not within your cost or price by your preferred margin, ensuring no one is advertising prices they shouldn’t be and violating their contracts.
PriceMoles’s automated MAP(Minimum Advertised Price) monitoring process saves you time and leaves out the possibility of error. With the help of our tool, you can allocate more of your time to executive great decision based on the most accurate and reliable data.
* Available on the Business Plan and up
COMPETITOR SITES WITH LOGIN - CUSTOM
Need to monitor a site that doesnt offer public pricing or requires an account or login to view prices? PriceMole is now happy to offer custom tracking for sites that require login. Contact us today and we will help you get started with Custom Tracking for these types of web pages!
* Available on the Business Plan and up
AUTOMATED COSTS SYNC WITH SHOPIFY
Keeping your costs in sync between PriceMole and Shopify used to be a bit of work - not anymore! You can now automatically keep up to date and sync your costs in PriceMole with the cost field in Shopifi. SImply click the button to "manage costs through Shopify" under Preferences. It will take about 10 minutes to sync up and it is all good to go!
Don't want to sync with Shopify? No worries, no need to change anything. You can still manage your costs manually through the app or by uploading.
PAUSE AUTOMATED STRATEGIES QUICKLY AND EASILY
With one click of a button you can now PAUSE your strategies. Need to think about a Strategy and review all your pricing? Simply Pause the strategy until you are ready and start it back up!
TAG EXCEPTIONS FOR SALES AND PROMOTIONS IN STRATEGIES
In Shopify, it is easy to categorize products by adding tags for "toys", "clothing", "promotions" and much more. Just as in the previous point you can pause a whole strategy, now you can pause updates for individual products through tags!
For example, you are running a sale or promotion and all of your products that are included have the tag "sale" in Shopify. You do not want PriceMole to continue automatically changing the price during the duration of the sale. Simple, in strategies, under advanced tags, simply add the tag "SALE" and now all products with this tag will be excluded when the strategy runs. Once the sale is over, simply remove the excluded tag and the prices will resume updating as before.
...AND SO MUCH MORE TO COME THIS YEAR!
With PriceMole, you always know what your competitors are up to. Notification alerts and reports will keep you informed of any changes to prices you are tracking. Pricing strategies will automate your response and keep your prices competitive. Contact us for more details!