Price monitoring of competitors

Shoporama has a built-in price monitoring feature that allows you to track a competitor’s price for a specific product and automatically adjust your own price accordingly.

How to Set Up Price Monitoring

1. Go to Price Tracking → Create New
2. Select the product(s) you want to associate with the monitoring
3. Enter the URL for the competitor’s product
4. Enter the price string (the current price, e.g., "19.00"); Shoporama uses this to find the price on the competitor’s site
5. Click Save

Price monitoring now runs daily and checks the competitor’s price.

Automatic Price Adjustment

If you want Shoporama to automatically adjust your price based on the monitoring, set it up directly on the product being monitored:

1. Open the product under Products → All Products and click Edit
2. Find the "Price Monitoring" accordion tab at the bottom of the page and expand it
3. Fill in “Subtract the amount below from the minimum price, ” e.g., 1.00 DKK.
4. Enter an amount in "Never below, " and the price will never fall below this amount
5. Enter an amount in "Never above, " and the price will never exceed this amount
6. Click Save

Limitations

Need help? Contact us at support@shoporama.dk.