Elastic: Pricing AI Partner

Name: Elastic: Pricing AI Partner Introduction Video
Uploaded: 2024-04-07T15:30:04Z
Duration: 1 min 33 s
Description: Find the sweet spot for your pricing and drive sales.

Develop by Shopify

$19

/ Month

14 Days Free Trial

Find the sweet spot for your pricing and drive sales.

Actionable recommendations

Ai pricing models

Personalized pricing

About Elastic: Pricing AI Partner

Launched Jan 02, 2024

Built by Shopify

Address

Marksweg 23A, Geesthacht, 21502, DE

Website Support Portal Privacy policy Tutorial FAQ Document

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Introduction Video

Description

Elastic finds the sweet spot for your product pricing using AI models tailored for your store.

Pricing has always been a challenging problem in e-commerce. Elastic is here to change that. Elastic finds the sweet spot for your product pricing, whether you are launching next week or launched 10 years ago! Using personalized AI models, Elastic provides actionable pricing recommendations for all of your products. Get started today!

Find the pricing sweet spot for each of your products.
Grow revenue with personalized pricing recommendations.
Explore the benefits of pricing changes, without the risk.

Pros

Personalized AI models provide actionable pricing recommendations
Helps find the optimal price point for products, regardless of product lifecycle stage
Aims to solve the challenging problem of e-commerce pricing
Potential to grow revenue through personalized pricing
Allows exploration of pricing changes without risk

Cons

Could require adjustments or oversight to ensure AI recommendations align with business goals
Dependence on AI might lead to over-reliance and reduced human decision-making
Effectiveness may vary depending on the quality and volume of data available
Initial setup and learning curve may be time-consuming

Top Helpful Reviews

Swaddelini

Mar 27, 2024 on Shopify

I have been hesitant to change my prices. After 6 years I have never increased our prices. Thanks to Elastic, the guess work of how to do this was taken out. I now have historical data to tell me which products to increase price on and by how much! I even found that I can increase my conversion greatly my reducing my price on one of my products. Great tool!