Real-time Dynamic Pricing & Competitor Monitor
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Automate your pricing strategy with this powerful n8n workflow. It continuously monitors competitor prices and market demand to dynamically adjust your product prices, ensuring optimal revenue and margin performance. This setup includes a comprehensive product catalog, customizable pricing strategies, and detailed competitor tracking.
About This Workflow
This n8n workflow provides a robust framework for implementing real-time dynamic pricing. Triggered hourly, it processes a richly configurable pricing system that defines your product catalog, competitor landscape, and preferred pricing strategies. The embedded JavaScript code intelligently factors in market demand (seasonality, day/time), inventory levels, and competitor data to suggest optimal price adjustments. It's designed to help businesses stay competitive, maximize revenue, and protect margins by automating complex pricing decisions based on live market conditions and predefined business rules.
Key Features
- Hourly Automated Pricing Scan: Triggers every hour for continuous, real-time price monitoring and potential adjustments.
- Comprehensive Product Catalog: Manage product details including current prices, costs, margin thresholds, inventory, and sales data directly within the workflow.
- Configurable Competitor Monitoring: Define multiple competitors with specific URLs and price selectors to track their pricing across various platforms (e.g., Amazon, Best Buy, Walmart, Target).
- Dynamic Pricing Strategies: Implement aggressive, competitive, or premium pricing strategies with adjustable parameters for price changes, margin tolerances, and inventory thresholds.
- Market Demand Integration: Incorporate seasonality, day-of-week, and time-of-day demand factors into your pricing logic for smart adjustments.
- Revenue Optimization Controls: Set clear weights for revenue, margin, and sales velocity, along with constraints for maximum price changes and minimum change thresholds.
How To Use
- Configure the
Hourly Pricing Monitor Trigger: No specific changes are usually needed here, as it's set to trigger hourly by default. You can adjust the interval if needed. - Customize the
Pricing Configuration Processor(Code Node):productsArray: Update this section with your actual product catalog, includingid,name,current_price,cost_price,min_margin,max_margin,inventory_level,monthly_sales,competitor_products, andsearch_keywords.competitorsObject: Define your key competitors, theirbase_url, the CSSprice_selectorfor their product pages, and theirweight(influence on your pricing).strategiesObject: Adjust theaggressive,competitive, andpremiumstrategies to align with your business goals, includingprice_adjustment,margin_tolerance, andinventory_threshold.demand_factorsandoptimization: Fine-tune seasonality, day-of-week, time-of-day multipliers, and revenue optimization weights/constraints as per your business model.
- Extend the Workflow (Next Steps - Not in snippet, but implied): Add subsequent nodes to:
- Fetch competitor pricing data using
HTTP Requestnodes (parsing HTML withHTML Extractor similar). - Implement the pricing calculation logic (e.g., using another
Codenode orFunctionnode based onmonitoringTasks). - Update your product prices in your e-commerce platform (e.g.,
Shopify,WooCommerce,BigCommercenodes or a custom API call).
- Fetch competitor pricing data using
Apps Used
Workflow JSON
{
"id": "42287df7-3f55-4fe3-a656-566a1d5677ee",
"name": "Real-time Dynamic Pricing & Competitor Monitor",
"nodes": 29,
"category": "Sales",
"status": "active",
"version": "1.0.0"
}Note: This is a sample preview. The full workflow JSON contains node configurations, credentials placeholders, and execution logic.
Get This Workflow
ID: 42287df7-3f55...
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