Category: Best practices in price monitoring
Dynamic pricing strategy has caused some serious fuss out there, right? In the fast-paced world of eCommerce, changes are happening on a daily basis. A lot of factors need to be considered in order to stay ahead of your competition. Let’s start by tackling the hardest – dynamic pricing strategy. For starters, this strategy allows...
The dynamic pricing method has great advantages, but what about its disadvantages? Can the use of it actually endanger your business? Being able to set the right price at any time sounds great, but it’s impossible that everything is this easy, right? In this post, we’re going to shed more light on this topic. In...
As the whole world copes with the Coronavirus, businesses have been navigating to find their best response to the pandemic. With most countries under some kind of lockdown and stay-at-home order, there is almost no retailer or brand that hasn’t been affected. This particularly stands for those that have brick-and-mortar stores. The majority of them...
We have some exciting news! Price2Spy is hosting its first webinar on Thursday, May 14th, at 03:00 PM (CEST). The webinars’ topic is Competitive Pricing Intelligence for Retailers – Why is proper pricing important? Take advantage of the experience of a company that has been dealing with online pricing in the global market for almost 10...
Did you know that over 87% of shopping journeys start online now? Well, at least that was before the coronavirus outbreak. Now, with social distancing and countries being in lockdown, there is a massive opportunity in how retailers can invest in optimizing their online stores. There is an often-used narrative that today’s consumers are more demanding,...
In economic terms, the COVID-19 pandemic has only confirmed what has been talked about over the years – eCommerce is increasingly paving the way in the business world. Thanks to the rapid development of technology, within a short period of time an emerging market of eCommerce has become a dominant form of organizing business activities....
If you are following from time to time the research in the eCommerce field, you are most probably familiar with some of the facts regarding customers’ behavior. One of the main reasons why consumers worldwide choose to shop online is to save money. Therefore, they are in a constant hunt for the best price. This trend...
Around ten weeks have passed since the World Health Organization officially confirmed the existence of a new ARS-CoV-2 virus, causing COVID-19 disease, with the first cases reported in Wuhan, China. The virus spread quickly from the city of Wuhan through the whole of China, causing more than 81000 infected and more than 3000 deaths up...
Have you noticed how the competition is becoming more and more fierce? Not a day goes by without something new emerging on the market. Keeping up with such changes is a difficult task in itself, but when it comes to dynamic industries such as Music, keeping an eye on competitors has become a necessity. An aspect...

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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