Author: Milos Novkovic

18 November 2021 - 15:40, by , in Best practices in price monitoring, Comments off
Reading Time: 6 minutes

Charging every customer of yours a different price for the same product – sounds like a crazy idea, right? Perhaps unnecessary? Overboard? Don’t worry if those adjectives are the first ones that came to your mind when you read the first sentence. You’re not completely wrong. Let us explain what price discrimination is all about. ...
7 October 2021 - 13:45, by , in Best practices in price monitoring, Comments off
Reading Time: 6 minutes

Are you selling multiple products through one or multiple channels? If you are (or you have in the past), then you must be aware of the challenges that come with making decisions about prices for all those products. Add on top of that having to check your competitors’ prices and the fact that often prices...
23 September 2021 - 14:24, by , in Best practices in price monitoring, Comments off
Reading Time: 9 minutes

Retailers today resort to many, what is commonly called, “tricks” in order to attract customers. Some of them seem logical and some counterintuitive, even. To many of you,  loss leader pricing may be just one of such “tricks”. But, it’s not a trick at all. It’s a viable pricing strategy that has its own logic...
2 September 2021 - 13:53, by , in Best practices in price monitoring, Comments off
Reading Time: 9 minutes

Channel-based pricing means differentiating your pricing strategies between channels on which you sell your products. However, it doesn’t necessarily have to mean one strategy for one channel. You can, for example, employ only two different strategies on 4 channels of sale. This decision depends on numerous factors and we’ll cover the most important ones in...
Reading Time: 5 minutes

You may have noticed a business opportunity and decided to open a brick-and-mortar store, an eCommerce platform, or both.  Now, you are probably concerned with how to set up your prices, but you don’t have enough resources (whether it be time, money, or something else) as of now to go in-depth regarding this matter. A...
Reading Time: 7 minutes

As a retailer, you may often find yourself deciding between different retail pricing strategies.  Is it the right time to discount some prices? Or, should you perhaps bundle multiple products together? Maybe even stick to the good old doubling of the purchase price? If you’re dealing with these questions you’re in luck. In this article,...
Reading Time: 4 minutes

In the mind of the consumer there’s always a question – am I going to get enough value out of this product/service if I pay X amount of money for it. Alternatively, consumers can often be presented with the price of a product and think to themselves – if only it was just a bit...

About Price2Spy Blog

This blog is a place for eCommerce professionals to discuss ideas, methodologies and strategies to compete more effectively in the ever more tightening world of online retail. We explore things like competitive price monitoring, competitor business intelligence, competitive pricing, and counter-intelligence in general.

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