-
"Is Optimus Price for me?"
We know it is difficult to choose the right tool for you
Let us help by answering some common questions
About Optimus Price
What exactly is Optimus Price? What does it do?
Optimus Price is an online tool that uses AI to automate pricing. It maximizes profit for your existing products (i.e. sale price minus costs).
What data do I need to provide to the system?
Optimus Price only requires your sales data. To improve recommendations, consider providing the cost of items and a price range.
How does the AI optimize prices?
Optimus Price performs pricing experiments for all your products. It dynamically changes prices, evaluates profit, and discovers the optimal price.
About my shop
Is it restricted by shop size, vertical, or country?
Shops from all sizes, verticals and countries can use Optimus Price. At least 50 sales per month per SKU are required for price optimization.
Will Optimus Price work with my shop backend?
Sure! You can always upload data with a spreadsheet. Furthermore, Optimus Price can connect to e-commerce plugins and APIs.
Does Optimus Price spy on my competitor prices?
No. However, if you already use a tool for competitor pricing, Optimus Price will connect to it and provide better recommendations.
About my plan
What are the restrictions of the trial, or the lower cost plans?
Customers of all plans and trials use the same version of the software, with all features. Check out plan limits here
Is my data secure? What is your privacy policy?
We understand and respect the confidentiality of your data. Your data is never shared and kept secure in our servers.
Do you provide refunds?
Sure. Please send us an email and we will provide a pro rata refund of the unused service.
Optimus Price is for you
- You have a large catalogue with a long tail
- You will get a lot of value from price automation. You will be surprised how much extra profit you will get from long tail items. Even if the difference is just a few cents per sale, it will add up quickly.
- You cannot set prices based on competitors
- Maybe you have your own brand, or import some specific products that nobody else carries. Optimus Price will quickly find a price that optimizes profit and your customers find acceptable.
- Your brand is strong and you differentiate yourself from your competitors
- Price is important, but it accounts for about 60% of the purchase decision. Your investment in brand recognition, customer support, shipping, logistics, and policies are also important. Customers value that investment, and it will reflect in the optimal price.
- You have plenty of analytics data, but cannot be active with it
- Optimus Price makes data actionable. Instead of being confused by more data, the AI will extract more value. Contact us and we will work on a specific solution for you.
We cannot help if...
- You sell a few items with a high price and good margins
- Your catalogue is small, you price items based on market research, and your prices are static. Optimus Price cannot help you in this case.
- You only sell inside a marketplace (e.g. Amazon)
- If your only way to get a sale is to be the cheapest competitor, performing price experiments offers no advantage.
- The final customer does not accept price variations on your products
- Optimus Price requires price experimentation. For some retailers, and their customers, this may not be acceptable, or feasible. If you do not want to apply dynamic pricing, do not use Optimus Price.
- You have a large catalogue, but few sales
- The AI needs a minimum of around 50 sales per product per month to learn the optimal profit. Some retailers sell few units per month, at a high margin. This is not a good data set for Optimus Price.
-
Did we help you decide?
Try it out yourself! We provide a free trial — no cost and no strings attached
Want to talk? We'll be happy to chat and show you a demo.15-day free trial without Credit Card. No setup required.