This article explains how to utilize our Price Insights feature to determine optimal pricing for your products. You'll gain a comprehensive understanding of how this tool can be used to make informed pricing decisions for your business.
Understanding Price Insights
Our Price Insights feature provides a visual representation of product price distribution, empowering you to make data-driven pricing decisions.
Pricing Insights is currently in beta. This pricing curve shows what end customers pay - including discounts applied on Shopify, Etsy, or another e-commerce platform. Please consider your discounting strategy when setting prices.
The displayed prices reflect what customers typically pay, factoring in discounts offered on platforms like Shopify or Etsy. This feature is currently in beta testing and is offered free of charge. A wider launch with expanded functionality is coming soon.
Key Benefits
Price Insights empowers you to:
Establish competitive pricing for your products
Experiment with different pricing strategies
Uncover new product opportunities
Explore potential new markets for your products
Price Data Explained
The data provided through Price Insights represents a blend of real user data, market analysis, and proprietary algorithms. It offers an indicative view of pricing trends for specific products and countries.
While Price Insights offers valuable guidance, it's crucial to remember that setting the right price for your store depends on various factors, including the uniqueness of your designs, your brand positioning, your store's aesthetics, and more. Gelato is not responsible for the commercial outcomes of any price adjustments you make based on the insights provided.
Available Products and Countries
Currently, Price Insights are available for the following products and countries:
Products
Classic Matte Poster
Classic Semi-Glossy Poster
Classic Unisex Crewneck T-shirt
Premium Matte Poster
White 11oz Ceramic Classic Mug
White 15oz Ceramic Classic Mug
Countries
'US', 'GB', 'CA', 'DE', 'FR', 'AU', 'NO', 'ES', 'IT', 'NL', 'SE', 'CH'