tl;dr: Promi helps ecommerce merchants send smarter discounts by leveraging AI to dynamically update discounts and optimize for clearing inventory, varying discount values across products for first order, holiday, etc. campaigns, and better communicating discounts across your website via price strikethroughs and other UI components.

We are available on the Shopify app store!

https://youtu.be/HsVv82xmyNw?si=nr-sLwtCLy18wddi

👬 Meet Our Team

Peter: The Discount Guru

Peter is coming from Uber, where he was the product lead overseeing discounts across Eats and Rides. While there, he launched many of the features we are now building into Promi today. He has a degree in economics from Harvard and would love to talk with you about your pricing and discount strategy.

Jiaxin: The AI mastermind

Jiaxin was the tech lead and founding engineer at Uber’s knowledge graph platform, focusing on recommendations and personalization. Before Uber, Jiaxin worked in AI at Google’s Shopping Recommendations team.

❌ The Problem

Most retailers spend 5-10% of their gross merchandise value on discounts to acquire new customers, celebrate holidays, hit sales targets, clear inventory, etc. However, choosing the right discount often involves guesswork. More sophisticated merchants look at what worked well in the past, but they don’t have the time or means to granularly optimize their discounts across products and users, or dynamically update the offers based on order trends. Additionally, many retailers don’t communicate savings available via discount codes on their website until checkout, causing a drop in customer conversion.

💡 Our Solution

Promi enhances discount performance by addressing key issues:

• Dynamic Updates: AI-driven adjustments ensure efficient inventory clearance without over-discounting. Specify the volume, timeframe, and pricing guardrails, and Promi will continuously monitor and update discounts.
• Improved Communication: Discounts are displayed site-wide using deep links for price changes and other UI components.
• Variable Discounts: We vary discount values across products to take advantage of differences in profit margins and prices, all under a single code. Your email sign-up and member-only campaigns just got a lot more profitable

These solutions improved Uber's discount efficiency by more than 40%. Stay tuned for upcoming features like personalized discounts, performance measurement dashboards, and experiment setups!

🙏 Ask: Check out Promi!

If you run a Shopify store or know someone who does, we'd love to chat. Email us at peter@usepromi.com.

See our website and app listing below:

• https://www.usepromi.com/
• https://apps.shopify.com/promi-discounts