Category: Best practices in price monitoring

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  After 9 years in business, our client database has expanded greatly and so is the variety of businesses we help across the world. Besides the sites (over 70K), Price2Spy is monitoring for our clients (over 650) from different industries (furniture, music equipment, nursery, pet supplies, sports, foods & drinks and so on), it also...
Reading Time: 4 minutes

Online retailing has been growing each year more and more. For now, there are no indications of this trend stopping any time soon. Because of this, the number of companies that are trying their luck in e-commerce business is bigger than ever before. Retailers, brands, distributors, everyone is doing business online. This creates pressure for...
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The Internet changed the way business works in every possible way. The biggest one is creating e-commerce. This shifted shopping from offline to online and opened endless possibilities to companies. But all those opportunities brought competition, not just local, but global as well. Finding a way to compete with all of them isn’t easy, but it isn’t impossible too....
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Customers are very sensitive to price changes. People’s spending habits are limited by their budgets. And any price change can affect and change them. Because of this, the demand for some products will change due to the price changes (up or down). This is known as the price elasticity of demand. For example, if the price of gas...
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If you are in the e-commerce business digital marketing is probably an essential part of your business strategy. With it, you acquire new clients, raise brand awareness, communicate with customers, etc. The main goal of digital marketing is to drive more traffic to the website which would lead to customers taking actions on it (such...
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Big data is a very popular term in IT and business today, but what does it really mean. Well, Big Data are data sets that are so big that traditional data processing softwares can’t manipulate them. But that massive amount of data can be used to deal with business problems in a way companies weren’t able...
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Fruška Gora is one of the most beautiful nature parks in Serbia. Because of that, we choose it as the destination of our latest team building. Its unique nature only contributed to the already amazing atmosphere and bonding of our team. Days were spent in nature and on a swimming pool, socializing and laughing. During...
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Back in 2017, Dubai-based e-commerce company – Souq.com – was acquired by the e-commerce giant, Amazon. On April 30th, the switch has finally been made and Souq.com is now officially redirecting all consumers to Amazon.ae. Souq.com has been rebranded to Amazon.ae. All Souq.com URLs now automatically takes you to Amazon.ae, but Souq still remains available...
Reading Time: 9 minutes

The key to success in the eCommerce business is the right price. Prices are going up and down constantly, and how it’s set will determine your position on the market. The right price is the one that drives the most customers and ensures your profitability and protects your market position, so pay attention to the...
Reading Time: 4 minutes

What is MAP monitoring and why is it important? Is it a type of price fixing? Who benefits from it, only brands or retailers or customers too? There are so many questions about it and in this post, we are going to explain them all. What is MAP? Minimum Advertised Price (MAP) is the lowest price...

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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