Prisync

What is Prisync

Prisync is a competitor price tracking and dynamic pricing software designed for e-commerce businesses of all sizes. Its core purpose is to help online retailers monitor their competitors' prices and stock availability automatically. This allows businesses to make informed pricing decisions to stay competitive and maximize profitability. The platform collects pricing data from any online source, presents it in an easy-to-use dashboard, and allows users to set rules for automatic price adjustments. Founded in 2013, Prisync aims to replace manual, time-consuming price checking with an efficient, accurate, and automated solution, serving companies from small businesses to large enterprises worldwide.

Prisync Features

Prisync offers a comprehensive set of features to manage pricing strategy effectively.

• Competitor Price Tracking: Automatically monitors and collects price and stock availability data from an unlimited number of competitors across the globe.
• Dynamic Pricing Engine: Allows users to create and implement smart pricing rules to automatically adjust their product prices based on competitor data and predefined strategies.
• Comprehensive Dashboard: All data is consolidated into a single, user-friendly interface, providing a clear overview of the market, price positions, and historical trends.
• Automated Competitor Discovery: The system can automatically find your competitors on various sales channels, ensuring you have a complete view of the market.
• Reporting and Analytics: Generate detailed reports in Excel format, compare your price positioning, and analyze historical pricing data to identify trends.
• Stock Availability Monitoring: Track competitor stock levels to identify out-of-stock opportunities where you can adjust prices for higher margins.
• Email Notifications: Receive daily or instant email alerts about important price changes or stock movements from your competitors.
• API Access: A flexible API allows for seamless integration of Prisync's pricing data into your own e-commerce platforms or internal systems.
• MAP Monitoring: A dedicated feature for suppliers and brands to monitor if retailers are adhering to Minimum Advertised Price (MAP) policies.

Prisync Pricing Plans

Prisync offers several pricing tiers structured around different monitoring methods: URL Based, Channel Based, and a Hybrid Model. Each model has three main plans.

• Professional Plan: This entry-level plan is ideal for small businesses starting with price tracking. It includes tracking for a limited number of products, unlimited competitors, multiple daily price updates, and reporting features.
• Premium Plan: Aimed at growing businesses, this plan includes all Professional features plus the Dynamic Pricing Engine, daily email notifications, marketplace tracking, and API access (often for an additional fee).
• Platinum Plan: Designed for large enterprises and power users, this plan offers everything in Premium, plus a higher product limit, instant email notifications, detailed price history, and advanced features for suppliers like MAP monitoring.

The three models (URL, Channel, Hybrid) differ in how competitors are tracked, allowing businesses to choose the best fit for their specific needs, whether it's tracking specific known competitors or discovering all competitors on a sales channel.

Prisync Free Plan

Prisync does not offer a permanent free plan. However, it provides a 14-day free trial for all its plans. The trial gives full access to all the features of the chosen plan without requiring a credit card. This allows potential customers to thoroughly test the software's capabilities and see how it fits their business before committing to a paid subscription.

How to use Prisync

Getting started with Prisync is a straightforward process designed to deliver value quickly.

1. Sign Up: Begin by signing up for the 14-day free trial on the Prisync website.
2. Import Products: Add your products to the dashboard. You can do this by uploading a file (like XLS or CSV) or by integrating your e-commerce store (e.g., Shopify, Magento).
3. Add Competitors: For each of your products, enter the URLs of the competitor product pages you want to track. Prisync will then start monitoring them.
4. Analyze Data: Once data collection begins, you can view all competitor prices, stock status, and your price position on the main dashboard.
5. Set Pricing Rules: Navigate to the dynamic pricing section to create rules. For example, you can set a rule to always be the cheapest, match the lowest price, or stay a certain percentage below a specific competitor.
6. Monitor and Adjust: Use the reports and email notifications to stay informed about market changes. The system will automatically reprice your products based on your rules, or you can make manual adjustments based on the insights provided.

Pros and Cons of Prisync

Pros:

• Unlimited Competitors: You can track as many competitors as you need on all plans.
• High Accuracy: The platform is known for providing reliable and timely data.
• User-Friendly Interface: The dashboard is intuitive and makes it easy to analyze complex pricing data.
• Powerful Dynamic Pricing: The rule-based engine allows for sophisticated, automated pricing strategies.
• Excellent Customer Support: Users often praise the responsive and helpful customer service team.
• Flexible API: The API allows for deep integration with existing business systems.

Cons:

• Pricing Structure: The cost can increase significantly as the number of tracked products grows.
• API Access Fee: On some lower-tier plans, API access comes at an additional cost.
• Learning Curve: While the interface is user-friendly, mastering all the advanced features and setting up effective pricing rules can take some time.

Prisync integrations

Prisync offers integrations with major e-commerce platforms to simplify the process of importing products and syncing prices. Key integrations include:

• Shopify Integration: Connect your Shopify store to automatically import your product catalog and apply dynamic pricing rules directly.
• Magento Integration: A dedicated extension for Magento allows for seamless connection between your store and the Prisync platform.
• BigCommerce Integration: Easily link your BigCommerce store to automate price monitoring and repricing.
• WooCommerce Integration: A plugin for WordPress/WooCommerce enables users to integrate their product data with Prisync.
• Zapier Integration: Connect Prisync to thousands of other apps through Zapier to create custom automated workflows.

Prisync Alternatives

• Price2Spy: A very similar competitor offering price monitoring, comparison, and repricing. It is known for its large number of features and can be a strong alternative for users needing very specific monitoring capabilities.
• Wiser: A comprehensive pricing solution that offers dynamic pricing, personalization, and merchandising analytics. It is often considered by larger enterprises looking for a broader retail intelligence platform.
• Repricer.com: Primarily focused on Amazon sellers, this tool is excellent for automated repricing within the Amazon marketplace. It is a great choice for businesses whose sales are heavily concentrated on Amazon.
• Skuuudle: A service that provides competitor data as a service. It is highly customizable and suitable for businesses that need tailored data scraping and intelligence reports rather than an off-the-shelf dashboard.

Prisync API

Yes, Prisync provides a comprehensive REST API for developers. The API allows users to programmatically access all the pricing and product data collected by Prisync and integrate it into their own applications, ERP systems, or business intelligence tools. You can use the API to add products, view competitor data, and even manage pricing rules.

To get an API key, you must be subscribed to a plan that includes API access (typically the Premium and Platinum plans). The API key will be available in your account settings on the Prisync dashboard. The documentation is available on their website for developers.

Here is a basic example of how to fetch data using the API with cURL:

curl -X GET 'https://api.prisync.com/v2/products' \
-H 'Authorization: Basic YOUR_API_KEY_HERE'

Replace YOUR_API_KEY_HERE with your actual API key.

Prisync Affiliate program

Prisync offers a partner program that functions as an affiliate program. It is designed for agencies, consultants, and influencers in the e-commerce industry. Partners can earn a recurring commission for referring new customers to Prisync. The program typically offers a 20% recurring commission on the subscription fees paid by the referred customer for as long as they remain a paying customer.

To join, you need to apply through the 'Partner Program' page on the Prisync website. Once approved, you will receive a unique referral link and access to marketing materials to help you promote the service. Payouts are usually made on a regular basis once your commission balance reaches a certain threshold.