How to use price suggestions
StoreLinkr's AI-driven Price Suggestions tool helps you maintain healthy margins by automatically recommending price adjustments based on your purchase costs and target profitability.
How Suggestions are Calculated
StoreLinkr evaluates your current sales prices against your purchase prices using your custom Suggestion Settings.
Suggestion Settings
Navigate to Catalog > Price Suggestions and click the Settings icon to configure:
- Min. Margin Percent: The minimum percentage of profit you want to make on each sale.
- Fixed Margin Amount: A minimum absolute profit value (e.g., always make at least €5.00).
- Min. Sales Price: Prevents the AI from suggesting prices below a certain threshold.
- Price Rounding: Choose how you want your prices to look (e.g., round to the nearest
.99,.95, or.00).
The Suggestion Workflow
- Calculation: Click Calculate Now to start the analysis. StoreLinkr will compare your current prices against your settings.
- Reviewing Suggestions: For each product, you will see:
- Current Price & Margin: What you are currently charging.
- Suggested Price: The new price recommended by the AI.
- Impact: The difference in price and the resulting new margin.
- Actions:
- Accept: Immediately updates the product's sales price to the suggested value.
- Deny: Dismisses the suggestion if you want to keep your current price.
- Accept All: Quickly apply all suggested changes for a specific price list.
Why use Price Suggestions?
- Inflation Management: Quickly adjust prices when your suppliers increase their costs.
- Profitability: Ensure that no products are being sold at a loss or with too low of a margin.
- Competitive Edge: Automatically round prices to professional levels (e.g., €19.99 instead of €19.83) to match market standards.