Category: Best practices in price monitoring

9 September 2021 - 13:54, by , in Best practices in price monitoring, Comments off
Reading Time: 6 minutes

How would you like to choose the price of products that you’re buying? Well, there are some businesses that are offering just that! Such businesses are based on a “pay what you can” system where customers can choose among a few prices.  You might be surprised to know that this actually brings profit to the...
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...
Reading Time: 5 minutes

With rising purchasing power it’s no surprise that the Asian eCommerce market has become the first pit stop for every serious brand and retailer. Once a market as big as Asia has become so important, changes in the eCommerce patterns were visible all around the world. Retailers and brands are on familiar ground when it...
Reading Time: 5 minutes

It seems like a well-known fact that the price is the single most important factor for consumers when making a purchasing decision. A study by NPD has shown that the price is the key in deciding for even 85% of the customers. However, many business owners still don’t invest enough time and energy in price...
Reading Time: 5 minutes

Or, in other words: when using a price monitoring tool, will someone else be able to make use of your data? An example of a data privacy breach Since we at Price2Spy are always trying to be on top of all the changes happening in the industry, we encourage our clients to share the experiences...
Reading Time: < 1 minute

By now you’ve probably noticed that we at Price2Spy like a good competition. And not only with our price monitoring competitors, but also internally, among colleagues. One of the things that are taken very seriously in our company is table tennis. So serious that we regularly organize competitions! Although we all get along great, we...
Reading Time: 2 minutes

It’s a new record for Price2Spy! If you were following us regularly, then you must know that our G2 results keep improving from one report to another. Now, when the G2 Summer report is out, we’re proud to share our achievements with you! Grid report shows that Price2Spy is now the leader and the highest-rated...
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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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