What is Dynamic Pricing?

With Dynamic Pricing, your repair prices are automatically updated in real-time based on the latest supplier data. As the cost of parts decreases, your repair prices adjust accordingly, ensuring you remain competitive without needing to manually monitor and update prices.

Pricing your repairs manually is a static process, meaning once you’ve set a price, it remains fixed until you manually update it again. However, the cost of repair parts can fluctuate significantly over time, especially after the initial launch of new products.

But as months go by, the price of these parts often decreases as they become more widely available and less in demand.

Price drop of an iPhone 13 Screen - Pulled over 12 months after launch

If your repair prices remain static, you might end up charging too much for a repair, potentially losing customers to competitors with more current pricing.

​Competitive Prices changes of an iPhone 13 Screen - Pulled over 12 months

Yes, that’s correct! Once you set your margin, the repair price will automatically update within 30 minutes whenever the purchase price of the product changes, so you won’t need to manually update prices anymore.

RepairPlugin updates the purchase price of parts from suppliers every 60 minutes. You set your desired margin, and RepairPlugin automatically calculates and rounds up the final price, including taxes, for customers.

Example: Appointment iPhone 15 screen - Pulled calculation

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Example: More details button: Appointment iPhone 15 screen - Pulled calculation

Currently, there are 29,127 products (SKUs) from 6 suppliers, linked across 1,254 models, resulting in 12,000 unique repairs. Each day, more SKUs are connected to repairs, making Dynamic Pricing an essential tool for your successful organization.

We categorize all product feeds from suppliers into different quality levels, each linked to Default Repairs. Our data analysts ensure that every Default Repair contains the appropriate quality levels.
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Done in a few minutes

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Choose the suppliers you wish to integrate with from the list. Use the on/off toggles to select.

Sometimes you may not want certain brands to be purchased from a specific supplier. Use the 'Manage Linking' button to select the categories or brands you don't want to link by unchecking them.

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Make the necessary adjustments to the settings based on your preferred pricing strategy.​

Parts will only be considered in the calculation if they are in stock. If a part is out of stock, it will be excluded from the calculation. You can choose between the cheapest in stock, the most expensive in stock, or an average price based on all available in-stock parts.

Fallback pricing is the price that will be displayed on your website if a part is not available or if it’s not linked to any supplier data. This ensures that customers still see a price, rather than being met with a “Price on Request” label. Choose whether you want to fallback to a set price like you used before Dynamic Pricing, or allow customers to request a quote first.

You can round up prices to make them cleaner and more appealing. Here’s a simple way to understand your options:

Every synced price will display an icon next to the repair, indicating the last date it was synchronized. You can choose the date format for this.

If there is no part or margin connected to a sub-repair, it will normally display a 'Price on Request' label. To prevent this from happening, you can activate this switch.

Example: Switch OFF

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Example: Switch ON

You have the option to synchronize Dynamic Pricing Data either using WordPress or Cronjobs. Here’s a brief overview of both methods:

Option 1: Using Cronjobs (Recommended):

A cronjob is a scheduled task that runs automatically at set intervals. Using a cronjob is the most reliable way to keep your Dynamic Pricing data up-to-date without manual intervention.

Here’s how you can set it up:

Option 2: Using WordPress:

Alternatively, you can use the built-in WordPress functionality for data synchronization.

Default Repairs: To avoid having to go through each model in 'Models & Repairs,' you can set a margin for, for example, all Smartphone Screen Repairs. You can choose to set a default margin for this repair, which will apply to all models within this category.

Models & Repairs: If you set individual margins through 'Models & Repairs,' this will override the default margin set in 'Default Repairs.'

Before you set your margins in Dynamic Pricing, it’s essential to consider how you want to structure your pricing. Answering the following questions will help you determine the best approach:

Go to Default Repairs and select the Repair Attributes you want to use. Different qualities of parts are linked through these attributes. If you deactivate a quality like "refurbished", parts of that quality from suppliers won't be synced. For repairs with Repair Attributes, ensure at least one attribute is active for syncing.

Attributes are pre-named based on the product quality stated by suppliers. However, you can edit these names and descriptions as they are what your customers will see. Be cautious with terminology, especially when it comes to branded parts, and make sure to comply with brand guidelines. You can change the text to anything you want.

With everything set, your pricing strategy is fully automated, allowing you to focus on other aspects of your business while your customers and team members can easily manage their pricing on their own.