PriceOtus

PriceOtus

Getting Started with PriceOtus

Overview

PriceOtus is a comprehensive price tracking and repricing solution for custom and Shopify stores. It helps you monitor competitor prices, discover new competitors on marketplaces (Amazon, eBay, Walmart, Google Shopping, and more) and via Google, set up automated repricing rules, receive alerts when competitors change their prices, watch trends, and more.

Key Features

  • Product Monitoring: Track your products and their competitors
  • Competitor Discovery: Automatically find competitors for your products
  • Alert Rules: Get notified when competitors change prices
  • Repricing Rules: Automatically adjust your prices based on competitor pricing
  • Market Position Analysis: Understand where your products stand in the market
  • Price History: View historical price changes for products and competitors

Navigation

The application has five main sections accessible via tabs:

  1. Products - View and manage your products
  2. Alert Rules - Configure price change alerts
  3. Repricing Rules - Set up automated repricing (suggested prices)
  4. Settings - Configure application preferences
  5. Manage my plan - Subscription management

First Steps

1. Import Your Products

Products can be imported from your Shopify store, if you use Shopify PriceOtus version, or imported using CSV file for a custom store. You can:

  • View all imported products in the Products tab
  • Filter products by status, inventory, collections, vendors, and more
  • Search for specific products by name, SKU, or barcode

2. Add Competitors

Before you can set up alerts or repricing, you need to add competitors for your products:

Option A: Manual Addition

  • Open a product profile page
  • Click "Add competitor"
  • Paste the competitor's product direct URL
  • The system will automatically extract the price

Option B: Automatic Discovery

  • Click "Discover competitors" from the products list or product profile
  • Add competitor store domains or select discover all available competitors if you are not sure
  • The system will automatically find matching products
  • If the system is confident about the match, it will add it automatically; otherwise you can confirm or discard it manually (one-by-one or in bulk by similarity level and/or competitor store domain)

Option C: CSV Import

  • Click "Discover or import competitors"
  • Select "Import via CSV file"
  • Upload a CSV file with competitor URLs or SKUs
  • The system will match them to your previously imported products

Option D: Universal Import

For custom store (not Shopify) PriceOtus version it is also possible to import all products along with competitors using one CSV file (example CSV files are available).

3. Set Product Status

Each product can have three statuses:

  • Draft - Product is not being monitored (default for new products without added competitor URLs)
  • Watch - Product is being monitored, but prices won't be updated automatically (enabled automatically as you add your first competitor)
  • Watch & Reprice - Product is monitored and prices will be automatically updated based on repricing rules

4. Configure Your First Alert Rule

  1. Go to the Alert Rules tab
  2. Click "Add new rule"
  3. Configure when you want to be alerted (e.g., "when competitors' prices are 10% lower than mine" or "when competitors' prices are 5% lower than before")
  4. Enable the rule
  5. Enable "Instant alert" if you want to receive an email immediately when a new price is detected
  6. Affected products will appear in the "Alerted" tab
  7. Alerted products are also included in email daily/weekly reports

5. Set Up Your First Repricing Rule

  1. Go to the Repricing Rules tab
  2. Click "Add new rule"
  3. Define your pricing strategy (e.g., "price 5% below cheapest competitor")
  4. Optionally apply it to specific products or collections
  5. Products with "Watch & Reprice" status will use this rule to update product (product variant) price
  6. Products with "Watch" status will use this rule to update their Suggested price

Understanding Product Statuses

Draft

  • Products are not monitored
  • No competitors are tracked
  • No alerts or repricing will occur
  • Use this for products you don't want to track at the moment

Watch

  • Products are monitored for price changes
  • Competitors are tracked
  • Alert rules will trigger
  • Your product prices are NOT automatically updated
  • Use this when you want to monitor but manually control pricing

Watch & Reprice

  • Full monitoring and automatic repricing
  • Requires at least one repricing rule
  • Requires at least one competitor
  • Prices update automatically based on your rules
  • Use this for automated competitive pricing

Product Variants

If your products have variants (size, color, etc.):

  • Each variant can have its own competitors
  • Repricing rules can be set per variant
  • Market position is calculated per variant
  • Price history tracks each variant separately
  • Competitor variant can be set product variant in competitor settings using our Chrome extension to help you specify your competitor variant (useful when competitor variant is select dynamically under the same URL)

Next Steps

  1. Add Competitors: Start by adding competitors for your most important products
  2. Review Market Position: Check the market stats to see where your products stand
  3. Set Up Alerts: Create alert rules for products you want to monitor closely
  4. Configure Repricing: Set up repricing rules for products you want to automate
  5. Adjust Settings: Customize update intervals, email notifications, and display preferences

Tips for Success

  • Start Small: Begin with a few key products to understand how the system works
  • Review Regularly: Check the Alerted tab daily to see what's happening
  • Test Repricing Rules: Use "Watch" status first, then switch to "Watch & Reprice" when confident
  • Use Market Stats: Regularly review market position to understand your competitive landscape
  • Set Safeguards: Configure repricing safeguards to prevent extreme price changes

Getting Help

  • Use the help icons (?) throughout the interface for context-specific guidance
  • In-App Support Chat: We respond within 12 hours when not online
  • Email support at [email protected]
  • Suggest improvements at the feature request portal