PromoLabs logo

PromoLabs

Develop by connectedflow
  • Built for Shopify
  • Free App

    Measure and improve the profitability of every promotion.

    Roi tracking
    Profit insights
    Customer analysis
    Benchmarking tools
    Recommended actions
    Discount performance
    What-if analysis
    Margin erosion

    About PromoLabs

    Launched Jan 31, 2024

    Categories

    Built by connectedflow

    Email :

    [email protected]

    Address

    101 Wood Lane, London, ENG, W127FS, GB

    Website Privacy policy

    Introduction Video

    Description

    PromoLabs helps you analyze and optimize your discounting strategy so you can run smarter promotions

    Built for Shopify merchants of all sizes, PromoLab starts with crystal-clear insights into: how much each promotion eats into your profits, which customers snag too many discounts and benchmarks you against similar stores. PromoLabs also gives you recommended actions to maximize profit and helps you understand the ROI of changing your discounting strategy and tracks how ongoing discounts are performing.

    Built for Shopify merchants of all sizes, PromoLab starts with crystal-clear insights into: how much each promotion eats into your profits, which customers snag too many discounts and benchmarks you against similar stores. PromoLabs also gives you recommended actions to maximize profit and helps you understand the ROI of changing your discounting strategy and tracks how ongoing discounts are performing. more
    • Margin erosion and discount penetration for each campaign and customer segment
    • What-if analysis: Test different scenarios to see the impact on your margins.
    • Benchmarking: Compare your performance against similar store
    • Actions: data-driven suggestions to improve targeting and maximize profits
    • ROI optimizer: Predict how much more you could earn with smarter discounting.

    Pros

    • Provides clear insights into how promotions affect profits
    • Helps identify customers who exploit discounts excessively
    • Offers benchmarking against similar Shopify stores, aiding in competitive analysis
    • Delivers data-driven recommendations to maximize profits from promotions
    • Facilitates understanding of ROI from different discounting strategies
    • Tracks the performance of ongoing discounts effectively
    • Includes 'What-if' analysis to test various scenarios on margins
    • ROI optimizer predicts potential increased earnings through smarter discounting

    Cons

    • Potential for information overload for users not well-versed in analytics
    • May require a learning curve to understand and utilize all features
    • Effectiveness might be reduced if not integrated with other eCommerce tools
    • Benchmarking might not cover niche markets or very unique stores adequately

    More App like this

    Ampla Insights logo
    (2 Reviews)

    Make better decisions and understand your business performance...

    Depict Collection Page Builder logo
    (1 Reviews)
    $250 / Month
    • 14 Days Free Trial

    Collection Page Management & Analytics for Fashion Brands...

    DataChannel logo
    (1 Reviews)

    No-Code, Cloud Native Data Aggregation Platform

    DataDrew LTV : Lifetime Value logo
    (21 Reviews)
    $39 / Month
    • Free Plan Available

    Track & Improve CLTV, Cohort analysis, Benchmarks, Products...