Category: Best practices in price monitoring

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As you know, Price2Spy is always trying to provide the best service to its customers. One of the ways for doing so is by offering different integrations. Over the years, Price2Spy has enabled integrations with many eCommerce platforms, but we’re not planning to stop!  Having that in mind, we have great news for all our...

Reading Time: 5 minutes

Did you know that charging more can increase your sales? It’s a common belief that your sales will roar if you lower your prices, but is this a sustainable solution on the long track? How about the opposite strategy- raising prices can bring you some benefits if you do it the right way – and...

Reading Time: 4 minutes

Being a retailer, brand, or eCommerce store owner is a lot less glamorous than it might seem. The everyday routine consists of constantly keeping an eye on the competition. Luckily, that daunting work is now mostly done with the help of price monitoring software. But, as you are monitoring the competition, they are trying to...

Reading Time: 7 minutes

How do you set a price for your products? Deciding on what to charge for a product or a service is a step that many CEOs don’t take seriously enough, and instead of taking a few different factors and a lot of data into consideration, they simply rely on their experience and senses when they...

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Like everyone else, our team has spent the past year working from home. In the beginning, it wasn’t so bad (be honest, you all like to sleep a little longer) 😉 But over time, we began to miss our old routine, and of course the colleagues. As the situation with the pandemic is getting better,...

Reading Time: 6 minutes

All businesses, from time to time, hit a wall. In those situations, you’re looking for a fast, yet an efficient solution that will spur the customer interest again. You might need a total rebranding, but let’s face it, no one will start with such drastic changes. In fact, most eCommerce businesses turn to a quick...

Reading Time: 5 minutes

It’s not easy when you try to enter a new market or start selling a product or service while your competitors are already offering something similar. There are a few ways to successfully perform this task, and perhaps the most common one is by a penetration pricing strategy. Market penetration pricing is thought to be...

Reading Time: 5 minutes

There was, probably, a moment in your life when you saw that amazing product announcement but the price was too high, so you said to yourself “ok, I will wait for a few months for the price to drop and then buy it”. On the other hand, if you are a tech enthusiast, you probably...

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You haven’t even properly started, and hard decisions need to be made. One of them is choosing the right pricing strategy. Now, you’ll usually hear that shoppers love lower prices. That’s not a lie, but is everyone really only looking for a cheap product? There are shoppers who are actually looking for exclusiveness, and that...

Reading Time: 4 minutes

Not many terms cause the amount of confusion like the price point. Most of the time, people are not sure if they should use price point or simply “price” to describe what they have in mind. Price is a wider term than price point, and to a certain extent, these two terms can be even...