Main features of Algopix are:
The main benefits of Algopix are predictive analytics, competition comparison, demand level calculation, and price comparison. Here are more details on Algopix’s benefits:
Algopix helps you forecast the consumer demand of products by analyzing historical sales data and current happenings, then generating estimates of expected demand in the foreseeable future. An added benefit of demand forecasting is that it helps you optimize your prices. The software also helps you estimate your potential sales and profit, which helps you make smarter decisions about what, where, and when to buy and sell.
The software also offers a way for you to analyze how your business is faring versus your competitors. You can use the software for price benchmarking. When you compare your market prices and sales against your competitors, you can confidently decide whether to increase or decrease your market price in order to improve sales. Knowing which products you should sell helps you boost traffic to your sites and increase your revenue. This is a useful feature to have in data analysis software.
Demand Level Calculation
Algopix lets you know the demand level of a certain product using Algopix. It calculates the level by analyzing monthly data such as monthly sales on eBay, Amazon rankings, or Google searches.
The software helps you decide from who and where to buy the product. For example, imagine that you are a business in the UK. You search the product in Algopix to compare prices before buying. You find out that it is actually cheaper in the US market. However, when you see the shipping costs, it turns out that the price in the US market plus shipping from the US to the UK is actually significantly more expensive than just buying in the UK. In the end, you decide to just buy in the UK. This is a real-life example of how your company can benefit from Algopix.
The following Algopix integrations are currently offered by the vendor:
Algopix pricing is available in the following plans: