Competera Price Advisor for your Amazon store
Want to continuously win customer trust while not over-relying on competition and getting involved in price wars? We found a way to transfer all our pricing expertise from enterprise retailers to Amazon sellers. With Competera Price Optimization you can keep your price always optimal and automatically balance between 9 factors on a daily basis.
Lost profit due to reactive pricing based on limited number of factors
Amazon resellers are constantly trying to win the box by pushing prices down. The problems begin when other players start to change prices reactively. If you change prices based on a limited number of factors and only when something has already happened, there is a high risk of ending up involved in price wars leading to strategic money leakages.
Competera can recommend and support optimal price calculator based on various factors
Competera Price advisory tool continuously analyzes important factors and their impact on your sales. Based on these inputs and your business targets, optimal price positions are recommended on a daily basis.
Your list of SKUs
for which you would like to get price recommendations
We combine data
from different data sets and train AI model
- Best sellers
- Similar items
- Promo expenses
- Products and their sails
- Items promoted by Amazon
- Inventory history
- Reviews history
- Price history
- BSR history
How do we do it?
Just 4 steps to start using Competera Price Advisor and stop losing money in price wars.
We access your account to analyze Ad spends, daily price and sales history, stock history and FBA/FBM status, as well as your BSR rank history.
We extract data on competitor products, similar items with their historical sales, each competitor’s data, catalog position, category demand and trends, etc.
We process the data and model impact on sales with different prices in the past. Neural networks learn how did particular factors impact your sales in previous years/months/
We recommend optimal price positions for current day/hour based on the data analysis. Try these recommendations and enjoy the growth of your bottom line metrics.
What are the benefits you get ?
With Competera Price Advisor, you get:
Automatically balance your price based on 9 factors and given targets
Do not overreact on competition or cost, but grow target KPIs in a balanced way
Future sales modelling
Get holistic view on sales impacting factors and model your future sales
Competera Advisor key features
The tool is powered with a set of features enabling you to switch from reactive to proactive smart pricing.
Get transparent view on factors impacting your sales rates
The example graph shows that the price impacts sales directly only at of 11.9% but, at the same time, it drives indirect impact of around 41.1% of the whole sales.
Analyze price positioning over multiple factors
The sample image shows the correlation between the bought items price index dynamics and sales quantity dynamics. In this case, the graph indicates that the higher the price index is, the lower are the sales.
Evaluate factor impact over time
The graph shows the historical change dynamics of every factor impacting sales.
Identify an optimal price index position
Each product has its own optimal price index. Competera Advisor will help you minimise manual work and identify the price index range which is optimal in terms of achieving business targets.
Model your sales by changing the price
You can model the future impact on your sales, revenue, or margin by changing the current price in one or another way.
Get a matrix view on optimal price position
The solution will show how your current price position conflicts optimal price index in regard to the core factors.
We tested multiple solutions and try to develop something similar internally but it was far away what we have achieved with Competera, sustainable 28-30% lift at our Gross Profit.