Category: Best practices in price monitoring

Reading Time: 7 minutes

Using psychology in pricing is not a new strategy. Retailers have always been using different tricks to ensure their products sell well. Over time, some Psychological Pricing Strategies showed better results than the others, and what was a good profit-making marketing and pricing strategy in the past, may not be so useful nowadays. It’s not...
Reading Time: 4 minutes

New beginnings are not always easy. Even when the new market is not oversaturated, making your way around it can be challenging. However, having the help of a price monitoring tool will make this a less bumpy road.  Price monitoring tool has become indispensable for retailers and brands. The reason for such growing interest lies...
Reading Time: 2 minutes

Price2Spy, an online price monitoring tool, has once again found its place in G2’s Spring 2021 Report among fierce competition.  What makes us especially proud is the fact that our Relationship index has increased! The Relationship index consists of several factors such as the Ease of doing business with, Quality of support, and the Likelihood...
Reading Time: 6 minutes

There is no doubt that price is the most important factor for consumers when buying a product. It’s no surprise that 60% of internet users in the U.S. agree that price is more important than brand when buying a product. So. the right pricing strategy is an essential part of a good business, but with...
Reading Time: 4 minutes

In overcrowded industries, making the selection among products becomes very challenging. Products are inevitably becoming more similar, therefore, the customers primarily distinguish them based on the price. Usually, the outcome of this situation is a price war. But, are price wars really inevitable, or is there a way to avoid them? One thing is certain...
Reading Time: 7 minutes

It is never easy to set the right price and in a price-sensitive society like ours, if you don’t do it right, your business will be in some trouble. This is the key reason why you need to always carry out price testing, before jumping to any conclusions. We understand that this is not a...
Reading Time: 4 minutes

The eCommerce industry is probably one of the most dynamic industries mostly due to the enormous competition. However, the competition race is not applicable to the new players only. The biggest eCommerce names, such as Walmart and Amazon are a part of this battle, especially during the last few years. These two eCommerce giants are...
Reading Time: 5 minutes

What is the Product Matching Software How Product Matching Softwares are Changing the eCommerce Industry What does it need to offer?– Accuracy– Flexibility Conclusion The age of big data has brought us some big changes in the way we were doing eCommerce business. One may say that it improved the workflow, but it also made...
Reading Time: 5 minutes

An eCommerce Superhero Everyone Needs Every now and then, a new tool for price monitoring appears on the market. Thanks to that, you are now able to choose between a lot of good software that can make your life easier. However, not every one of them is good enough for you! Some of them are...
11 February 2021 - 13:13, by , in Best practices in price monitoring, No comments
Reading Time: 4 minutes

Competitor price tracking – everyone in the business knows what it is, but the question is how to perform it? As a business, and especially an eCommerce one, the biggest struggle is to outperform your competitors. Having a great product or service is only the first step. The next, and equally important one, is to...

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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