Frequently asked questions

PriceShape can engage in dialouge with your agency, and help provide valuable market data to them. This data can be utilized by your agency in optimizing the way they are doing your marketing. Who knows, maybe we are already working with your marketing agency. You can find our partners here. 

Our pricing starts at €299 per month. The final cost depends on the number of products you wish to track within PriceShape and the markets you're operating in. You can always request a price that suits your needs, and then our product specialist will return with the best offer.

We have a dedicated support team, who will help with all you questions and provide the help you need. You can contact us by phone, email (support@priceshape.dk) and chat. The chat is open from 08-18 (monday-thursday) and 08-16.00 (friday). Our usual reply time is 3-4 minutes. 

A free demo includes setting up an account with either your products from your product feed or a setup based on our findings on your domain.* From there, we can showcase your competitive landscape with real-time data and demonstrate the amazing features you can work with on the PriceShape Platform. If you're interested, we’ll then provide you with access so you can try out the platform yourself.
(*Note: This setup is for demonstration purposes only and cannot be continued. A product feed with your data is required for full utilization of the Platform.)

Answer these simple questions before setting a pricing strategy: 

- Which competitor do you want to follow?
- What is your minimum profit?
- What price setting do you want?
- Should we ignore competitors that are out of stock?
- How do you position yourself in the market? 

With these things set - your product prices can change up and down automatically. This can be done on, e.g., different brands, groupings, or categories.

PriceShape provides a complete market overview, showing you which vendors that might not follow the recommended RRP. This helps give you a good overview of how the market looks like. 

Brands are allowed to track vendor selling prices, but they can't legally dictate what the price should be. However, they can offer a suggested retail price for guidance.

We prioritize a quick, efficient, and effective implementation of PriceShape for our customers. You’ll be assigned a Customer Success Manager to guide you through your PriceShape journey and our streamlined three-step onboarding process.

Implementation time varies based on your business's maturity. While our pricing data will be available in PriceShape within 1-2 business days, the timeline for direct price changes on your website depends on the resources allocated to learn and implement our system.

We need a product feed with all your relevant product information. Here, you find a list with the most relevant product information.

Mandatory attributes:

• Brand
  
• GTIN
  
• Title
  
• Price
  

Other relevant attributes:

• ID/SKU/MPN, or other relevant IDs.
  
• Suggested retail price
  
• Cost price
  
• Product type or other groupings.
  
• Stock Status
  
• Stock Quantity
  
• Product link (link to product page)
  
• Image link (link to product image)
  
• VAT (if you have different tax rates in assortment.)

 

Yes. You've been assigned a Customer Success Manager to help you through your PriceShape journey and our three-step onboarding process. 

1. The Strategic Meeting
2. The Technical Meeting
3. Best Practice Meeting

We have built our innovative scraper with advanced scraping technology that has multiple ways of finding vendors of your products, alongside an extensive setup to validate their correctness, which involves both AI and manual checks.

This, coupled with a multi-tiered approach to accessing the site (using all the latest tools), ensures that your data is up-to-date and correct.

You’re always welcome to get a free trial and see the data with your products. 

Our advanced scraping technology can find your vendorss even if they don't use GTIN numbers. We've built an innovative system that uses multiple methods to identify other vendors of your products, combined with an extensive validation process that includes both AI and manual checks to ensure accuracy.

Adding performance data to your account in PriceShape allows you to put an extra layer on top of price strategies, marketing feeds, and inventory management. For instance, you can see high-revenue products, slow movers, or popular products where you have a low “Weeks on hand.” 
 
We’ve also created detailed guides for integrating Google Analytics and other custom setups, which you’ll have access to once you sign up. These guides walk you through every step of how—and why—you should leverage your data within PriceShape. You can find them in our Help Center here (you have to be logged in).

Combine the data collected in PriceShape with your cookie data for a powerful marketing boost. Implementing PriceShape data in your marketing channels is straightforward. For example, by integrating these data sets, you can target users who recently viewed one of your products but didn’t make a purchase by promoting a similar product with a strong conversion history.

You can integrate various types of sales data into the PriceShape platform. This data can be fetched directly from Google Analytics, customized with your own sales data script, or sent directly to the PriceShape API. Read more about product performance here. 

Even without the GTIN numbers, we can help you. By adding the products to our platform, you can match up with your competitors manually, and from here, we will ensure that they are updated with the newest data for you. 

Our scrapers search for new competitor matches at least once a day, so you can expect your account to accumulate more matches over time.

Yes, the integration with Shopify can be made within your Shopify account and directly integrates with PriceShape. The add-on lets you update your product data and prices directly in Shopify.

The only requirement to integrate PriceShape into your systems is that your shop system / ERP / PIM / other can import data from a dynamic (CSV, JSON, or XML format) or that you can import data from an FTP server. 

In PriceShape, you can create dynamic output feeds with the desired data for your system, where we can either place the output on an FTP server or deliver you a dynamic endpoint link from which to update data. 

Depending on your system, in-house resources, and experience, an integration often requires a few developing hours.

If a competitor drops their price below your set pricing rule, your price will only adjust to the lowest limit you’ve specified. It won’t go any lower if you’ve decided that pricing beneath a certain threshold isn’t in your best interest. Learn more about this by reading about intelligent pricing.

Understanding a competitor's price history helps you spot trends and patterns over time. This gives you the advantage of anticipating price shifts, planning your pricing strategy with more accuracy, and avoid ingreacting hastily to temporary price drops. 

With historical data, you can also find moments where your competitors may have been either too aggressive or too cautious with their pricing, letting you fine-tune your own strategy and stay competitive.

Yes, based on the attributes you include in your input feed to PriceShape, you can select products accordingly. This could be by Brand, Product Type, Campaign, or even a custom attribute of your choice.

You can create an output feed that is suitable for the Google Merchant Center, which you can use as a supplemental feed. It is a secondary data source that can provide additional information, such as price group, profit status, and tags, to enrich your data in the Google Merchant Center. For example, you can use a supplementary feed in Google Merchant Center and stay competitive because you will be able to react on behalf of this information. Read more about this on our marketing optimization page.

Our Dynamic product grouping feature lets you categorize products based on factors like sales data, stock levels, and competitor insights. This ensures you're always focused on the right products. By organizing your inventory more efficiently, you can maximize profits and stay competitive.

For example, you could set up a group for slow-moving items: Products that haven’t sold in the last 30 days or have over 50 units in stock would automatically switch to a dynamic pricing rule that applies more aggressive pricing.

Each marketplace varies in terms of pricing and competition, making it crucial to have a clear overview of each one. This way, you can ensure that your pricing strategy is tailored and effective for each specific marketplace.

Our mission is to deliver data insights from various marketplaces, enabling you to manage all your vendors' information within the platform. In addition to Google Shopping matches, you can integrate other marketplace feeds such as Idealo, Amazon, Pricerunner, Prisjagt, Manomano, Galaxus, Kaufland, and eBay into your account's feeds.

Yes, it is possible to select which vendor you to see in your feed. You can divide them into different groups so you only see the relevant vendors for you. 

Absolutely! Knowing which resellers carry your competitors' products is valuable information that can uncover additional sales opportunities and new market potential.

Yes, PriceShape helps you keep a complete overview of the market prices, allowing you to go back and see pricing history so you can match the current price and previous price with each other.

Our management reports can be generated once a day. But this is also completely customizable. You decide how often and when the reports should come automatically.

At PriceShape, competitor monitoring involves continuously tracking and analyzing your competitors' prices, stock availability, and price changes. Our platform automatically collects public data from competitor websites, providing real-time insights into their pricing strategies. This helps you adjust your own pricing to stay competitive without sacrificing margins.

But it’s more than just data collection—PriceShape gives you actionable insights to make informed decisions. You can easily monitor multiple competitors across various markets, product categories, and brands, keeping you ahead in the ever-evolving retail space.

Dynamic pricing automatically adjusts your prices based on the rules you set. Intelligent pricing goes beyond that, grouping your products by performance metrics. This allows you to categorize items using sales data, stock levels, competitor insights, and more, ensuring you're always focused on the right products.

Dynamic product grouping is a smart tool that lets you categorize products dynamically within PriceShape. Products are automatically tagged based on the criteria you set, and if they meet specific conditions, they are grouped accordingly. For example, you could create a "slow movers" group where products are tagged if they haven’t sold in the last 30 days or have over 50 units in stock. Once in this group, a more aggressive pricing strategy can kick in automatically.

By using attributes like sales data, stock levels, and customer behavior, you gain deeper insight into your product performance and market trends. Dynamic product groupings adapt in real time based on market changes, competitor moves, or other events, making them ideal for strategic planning, optimized pricing, and reporting.

C-level executives, or "chief" executives, hold the top strategic positions in a company. This group includes the CEO, COO, CFO, and other key leaders. Their role is to guide major decisions, manage operations, and set the overall direction for the business.