Yes. We set a minimum and maximum price and let the AI figure out the right price for each shopper.
For example, we have partners who were releasing Virtual Reality products in 2016. What should the price have been? No one knew, of course.
The only thing we had to do is set a price floor (ex. $20 per month) and price ceiling (ex. $60 per month) and let Vendo´s artificial intelligence system figure out the price that made the most money with each shopper.
Please use the comments section below to ask any additional information.
You can also contact us at clientservices@vendoservices.com