Show HN: Price Optimization API
pricingengine.io
pricingengine.io
No need for fancy ML here - it's a thoroughly understood mathematical problem...
Unless of course you're using parameters of the user (browser, purchase history, interests, favourite pet, etc.)...?
"Out ML algorithm will converge to a price that maximizes revenue, sales times price."
If everyone who sold anything used tools like this to maximize revenue, we'd all be bled dry, even more than we are now.
Protect your customers, remember they're your top stakeholder!
Your goal should be to find a balance between meeting costs, providing affordable value to your customers, and generating a reasonable profit.
Otherwise, you're part of the disease.
WILDE.TWAIN.
The price which maximizes revenue isn't always the highest price.
This API could equally suggest a lower price, bringing in more customers who get more utility of your service.
In a good market with lots of competition, the best strategy for the seller also leads to the best result for the buyer.