With the era of online shopping came the concept of dynamic pricing. This is a natural turn of events that might not be working as well as expected. What is Dynamic Pricing? Dynamic pricing is a strategy based on which retailers change the price of the product based on supply and demand.
If you have a Shopify store, then you likely already know that the market is forever changing, especially in the online marketplace. Therefore, to keep your sales at their highest, your pricing strategies have to change along with the prevailing market conditions. A dynamic pricing strategy will allow your store to be at the forefront […]