PriceOtus

PriceOtus

Settings Guide

Overview

The Settings section allows you to configure how PriceOtus works, customize your experience, and manage application preferences.

Accessing Settings

Navigate to the Settings tab in the main navigation. Settings are organized into three tabs:

  1. General: Core application settings
  2. Products Market Stats: Market position configuration
  3. Repricing Safeguard: Price protection settings

General Settings

Email Notifications

Send Reports

  • Don't send: No email reports
  • Weekly: Receive report once per week
  • Daily: Receive report every day

Weekly Report Day

  • Choose which day of the week to receive reports
  • Options: Monday through Sunday
  • Default: Monday

Send Time

  • Reports are sent at 8:00 AM in your timezone
  • Timezone is automatically detected from your Shopify or custom store

Notifications Email(s)

  • Enter up to 5 email addresses, separated by commas
  • All specified emails will receive notifications and reports
  • Use for team notifications or backup addresses

Send Now

  • Click to send a report immediately
  • Useful for getting a fresh report or testing email configuration
  • Sends to all configured email addresses

Update Frequency

Update Once Every

  • 24 hours: Update prices once per day (default)
  • 12 hours: Update prices twice per day
  • 6 hours: Update prices four times per day

Considerations:

  • More frequent updates = more accurate pricing
  • More frequent updates = more server load
  • Choose based on your competitive landscape
  • Higher-tier plans include more frequent updates

Product Page Size

Options: 10, 20, 50, 100, 200, 500, 1000 products per page

Recommendations:

  • 10-50: Best performance, easier navigation
  • 50+: May slow down the application

Price Change Indication Duration

How Long to Show Price Change Indicators

Options: 12 hours, 1 day, 2 days, 3 days, 7 days, 14 days, 30 days

What It Does:

  • Shows visual indicators (↑↓) when prices change next to a competitor in the list
  • Indicates how long these indicators remain visible
  • Helps track recent price movements

Recommendation: 1-3 days for most use cases

Display Options

Show Cost and Markup

  • Display product cost and markup percentage
  • Cost is displayed in a dedicated column
  • Display markup in gray brackets next to the product price
  • Useful for margin analysis
  • Requires cost data

Show Suggested Price in Dashboard

  • Display calculated suggested price in product list
  • Helps preview price changes before they're applied
  • Useful for monitoring repricing

Show Compare-at-price

  • Display Shopify compare-at price
  • Useful for sale price tracking
  • Helps understand pricing strategy

Show Repricing Rule (Price Suggestion)

  • Display which repricing rule is applied
  • Shows rule name in product list
  • Helps understand pricing logic

Show Brand in Dashboard

  • Display product brand(vendor)
  • Useful for brand-based filtering
  • Helps organize products

Don't Show Competitors in Edit Mode

  • Hide competitor information when editing products
  • Reduces visual clutter
  • Improves editing performance

Don't Reprice & Alert Out-of-Stock Products

  • Skip products with zero inventory
  • Prevents repricing unavailable products
  • Reduces unnecessary alerts

Shopify Integration

Sync Product Status to Shopify Tags

  • Automatically sync product status to Shopify tags
  • priceotus-watch: Products in "Watch" status
  • priceotus-reprice: Products in "Watch & Reprice" status
  • Useful for Shopify automation and filtering

Shopify Market Country

  • Select market country for price synchronization (display price from your specific market, not default one)
  • Used for multi-market stores
  • Ensures correct currency and pricing

Price Chart History

History Horizon

  • 14 days: 2 weeks of price history
  • 1 month: 30 days of history
  • 3 months: 90 days of history
  • 6 months: 180 days of history
  • 1 year: 365 days of history

What It Affects:

  • Price history charts (in product profile)
  • Historical price analysis
  • Trend visualization

Recommendation: 3-6 months for most use cases

Saving Settings

Click "Save" button to apply all changes. Changes take effect immediately.

Products Market Stats Settings

Overview

Market stats categorize your products based on their position relative to competitors. These settings define the thresholds for each category.

Base Price Strategy

Choose how to calculate the base price for comparison:

Cheapest Competitor

  • Uses the lowest competitor price as baseline
  • Good for businesses aiming to be the lowest price
  • Most aggressive comparison

Average Price of Competitors

  • Uses average of all competitor prices
  • Reflects overall market pricing
  • Good for mid-tier businesses
  • Most balanced approach

Median Price

  • Uses median competitor price
  • Removes effect of extreme high/low prices
  • Good for stable market analysis
  • Less affected by outliers

Segments Configuration

Configure the percentage thresholds for each market position category:

Super Cheap (Light Green)

  • More than X% lower than base price
  • Default: 20% lower
  • Indicates very aggressive pricing

Cheaper (Teal)

  • X-Y% lower than base price
  • Default: 5-20% lower
  • Indicates competitive pricing below market

On Par (Gray)

  • Within ±X% of base price
  • Default: ±5%
  • Indicates competitive pricing

Expensive (Orange)

  • X-Y% above base price
  • Default: 5-20% above
  • Indicates which of your products are priced above market

More Expensive (Red)

  • More than X% above base price
  • Default: 20% above
  • Indicates which of your products are priced too far above market

Adjusting Segments

Using Sliders:

  • Drag sliders to adjust thresholds
  • Segments update automatically
  • Visual feedback shows new ranges

Considerations:

  • Overlapping segments are prevented
  • Minimum and maximum values are enforced
  • Changes might take some time to take effect (use Recalculate Now in Dashboard → Stats Actions to apply them immediately)

Consider Draft Products

Option: Include draft products in market stats calculation

When Enabled:

  • Draft products included in statistics
  • Broader market view
  • May skew results if many drafts

When Disabled:

  • Only Watch and Watch & Reprice products included
  • More accurate active product stats
  • Recommended for most users

Saving Market Stats Settings

Click "Save" to apply changes. Market stats will recalculate automatically.

Repricing Safeguard Settings

Overview

Repricing safeguards prevent extreme price changes by setting global limits. They work alongside repricing rules to protect your pricing.

How Safeguards Work

  1. Before Rule Calculation: Safeguards filter competitor prices
  2. Price Validation: Suggested prices are checked against limits
  3. Price Blocking: Prices outside limits are rejected
  4. Rule Application: Only valid prices are applied

Base Selection

Choose what to base the limits on:

Product (Variant) Price

  • Limits based on current selling price
  • Good for maintaining price stability
  • Prevents large price swings

Product (Variant) Cost

  • Limits based on product cost
  • Good for protecting profit margins
  • Ensures minimum profitability

Minimum Allowed Price

Setting: Percentage of base price/cost

Example: If base is $100 and minimum is 80%

  • Minimum price = 100×80100 × 80% = 80
  • Safeguard causes repricing to ignore prices below $80

Use Cases:

  • Protect profit margins
  • Prevent loss-leader pricing
  • Maintain price floors
  • Prevents accidental repricing when a competitor uses a different packaging size

Warning: Setting minimum too low with cost base can result in losses

Maximum Allowed Price

Setting: Percentage of base price/cost

Example: If base is $100 and maximum is 200%

  • Maximum price = 100×200100 × 200% = 200
  • Repricing won't go above $200

Use Cases:

  • Prevent pricing errors
  • Maintain price ceilings
  • Control premium pricing
  • Prevents accidental repricing when a competitor uses a different packaging size

Validation

The system validates your settings:

Warnings:

  • Cost Base with Low Minimum: Warns if minimum might allow losses
  • Invalid Range: Warns if minimum > maximum

Errors Prevent Saving:

  • Invalid configurations cannot be saved
  • Must fix errors before applying

Best Practices

For Price Base:

  • Minimum: 70-90% (protect against drops)
  • Maximum: 150-200% (prevent spikes)

For Cost Base:

  • Minimum: 100-120% (ensure profitability)
  • Maximum: 200-300% (allow healthy margins)

Recommendations:

  • Start conservative
  • Adjust based on results
  • Monitor safeguard triggers
  • Review regularly

Saving Safeguard Settings

Click "Save" to apply. Safeguards take effect immediately for all repricing.

Settings Best Practices

1. Start with Defaults

  • Begin with default settings
  • Adjust based on your needs

2. Configure Email First

  • Set up email notifications early
  • Use multiple addresses for team
  • Test email delivery

3. Set Appropriate Update Frequency

  • Match your competitive landscape
  • Consider your plan limitations

4. Use Display Options Wisely

  • Enable only what you need
  • Too many columns can slow performance
  • Customize for your workflow

5. Configure Market Stats Thoughtfully

  • Choose base strategy that matches your goals
  • Adjust segments for your market
  • Review stats regularly

6. Always Set Safeguards

  • Never skip safeguard configuration
  • Protect your margins
  • Prevent pricing errors

Troubleshooting

Settings Not Saving

  • Check for validation errors
  • Ensure all required fields are filled
  • Try refreshing the page

Email Not Receiving

  • Check spam folder
  • Verify email addresses are correct
  • Test with "Send Now" button
  • Contact our support team (your email client or provider may have automatically unsubscribed)

Market Stats Not Updating

  • Recalculate market stats manually
  • Check if products have competitors
  • Ensure products are not in Draft
  • Verify market stats settings

Safeguards Not Working

  • Verify safeguards are saved
  • Check if using price or cost base
  • Review repricing rule configuration

Performance Issues

  • Reduce product page size
  • Disable unnecessary display options
  • Check update frequency (24 hours recommended for most cases)

Advanced Configuration

Multi-User Setup

Email Configuration:

  • Add multiple email addresses
  • Distribute reports to team
  • Use for accountability

Integration Setup

Shopify Tags:

  • Enable tag sync for automation (your product status in the system)
  • Use tags in Shopify workflows
  • Filter products by status

Market Country:

  • Set for multi-market stores
  • Ensures correct price
  • Affects price synchronization from Shopify to the system