- Support forum for the Price Robot for WooCommerce.
- This topic has 4 replies, 2 voices, and was last updated 5 years ago by Roman.
- October 22, 2018 at 12:54 pm #91290RomanGuest
What is the difference between the premium version and the free version of this plugin ?
RomanOctober 22, 2018 at 3:36 pm #91291Tom AnbinderModeratorPlugin Support
Free plugin version is limited to 10 price robot enabled products. Pro version allows you to enable unlimited number of products.
Hope that helps. Please let me know if you have any more questions.November 24, 2018 at 4:50 pm #91292RomanGuest
Sorry to bother you again… I’m really interested by this plugin but I’d like to understand how it calculates the best price for the product and if it is able to raise the price too if needed.
Is it calculating the elasticity, is it calculating the profit maximization or is it like a exchange market upgrading daily based on offer and demand ? (or any other accurate method)
RomanNovember 26, 2018 at 7:08 pm #91293Tom AnbinderModeratorPlugin Support
Yes, it can raise the price too. For example if you set “Sale Rate Goal” to 10 and there are 20 sales for the product in the “Timeframe”, then the price will be increased by “Price Change Step (%)” value.
To make this clearer I would suggest installing the free version of the plugin and disabling “Automatic Pricing” option in “WooCommerce > Settings > Price Robot”, so the plugin would work in “advisor” mode, i.e. price won’t be really changed, but you will be able to see the suggested price. You can also try enabling “Debug Column in WooCommerce Admin Products View” checkbox there to get more info.
And finally – if you have any ideas on how pricing algorithm should work – please let me know and I will gladly add it to the plugin.November 30, 2018 at 4:32 pm #91294RomanGuest
Thank you for your answer.
I’m testing the free plugin and I’ve got a 524 error when I update datas but it seems to work as I’ve got some prices propositions. (More than 1K products, timeout I guess).
I don’t understand some prices advised. I ‘m guessing if the product hasn’t been sold since more than the timeframe the discounts are added one to another. Some products which aren’t online (still in draft) have suggestion to lower down the price because the plugin is taking the creation date as reference (which is quite logical without any sale history), but maybe it’s possible to filter the products with “publish” status.
I think I’ll buy the premium one next week for more testings.
I’ve got some ideas on how it could work and would be really happy to chat with you about your plugin ! It has a big potential !
I was thinking at something based on the commercial margin maximization.
Each product has a buying cost and a selling price. More than the quantity sold, it can be interesting to find out how much the seller has earned. (Each product must have the buying cost set by the shop manager of course). Sometimes selling more at a lower price is not a good thing as it’s not optimal and can be a loss of money and an increase of work (which have a cost too).
Sometimes the price is not the reason why the product is not sold too (for example if it’s new).
The number of page views might be interesting (set PostViews / get PostViews can do the trick I guess but it’s important to deal with cache plugins or GAnalytics API maybe). With it you can have another data : conversion rate. You isolate (or have a better clue) that the price is the problem with it. It can be used as a trigger to set a new price if it’s too low.
It’s some axis of reflexion but I’ve got some others… You can send me a mail if you want to chat about it !
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