Founded in 1886 in Leeds, The Tilers Hub is an established supplier of essential tiling products, such as adhesives and grout, available through its physical stores and a WooCommerce online store.
Competing online, however, is increasingly challenging as large retailers sell the same products while investing heavily in digital advertising. Rather than trying to outspend its competitors, The Tilers Hub needed a strategic approach to adjust its pricing without compromising profitability.
The Tilers Hub implemented Google's automated discount tool to make targeted price adjustments in response to market conditions. Here's how they optimized their strategy:
1. The Tilers Hub shared relevant product data with Google, including the cost of goods sold (COGS), and the minimum price thresholds for each product.
2. Google's system assessed real-time factors-such as competitor pricing, price elasticity, and seasonal demand-to suggest discounts that align with The Tilers Hub's conversion goals while preserving profit margins.
The Tilers Hub intends to continue leveraging automated discounts to enhance pricing strategies, ensuring they remain competitive while maintaining profitability in the face of aggressive online competition.