Category: Best practices in price monitoring

Reading Time: < 1 minute

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...
Reading Time: 3 minutes

The online market is the place to be when it comes to doing business today because it’s the easiest way to reach as many potential customers as possible with no boundaries in terms of time and place. Due to its popularity, it’s saturated with various businesses and it’s of most importance to differentiate yourself from...
Reading Time: 4 minutes

In every store, you see signs that say “Buy one get one free”, “Buy this product and get a discount for that product”. The situation is the same at the fast-food restaurant “Buy meal deal, save $3”. Everywhere you look there are special offers, discounts for buying more products, etc. This is called a bundle...
Reading Time: 3 minutes

Doing business in today’s world is very hard, staying on top is even harder. It doesn’t matter what industry we’re talking about, because in all of them there’re many competitors that will do anything to get the customer. They are giving discounts, lowering prices whenever they can just to win the costumers over. It’s impossible...
Reading Time: 4 minutes

It is a very common mistake to think that dynamic pricing and price discrimination are the same thing. But they are not. The difference between the two is what they are based on. Dynamic pricing is based on market conditions at that given moment and on the other hand, price discrimination is based on customers’ characteristics....
Reading Time: 4 minutes

Doubtless, one of the most important thing in traditional commerce is the location of your store. Why is that? Well, because if you aren’t located near your target group, you won’t sell enough products. But, when it comes to e-commerce, the story is different. In this case, the location doesn’t matter, because your store (probably) doesn’t...
Reading Time: 4 minutes

The number of online stores and products sold on the Internet is getting bigger day by day. Due to this, finding a match for your product on competitors’ websites can be nearly impossible sometimes. So, how do some retailers manage to find and monitor matches for their products? Well, they use product matching, which is...
Reading Time: 4 minutes

In today’s world, typical shopping experience looks a lot different than it used to 10 years ago. Customer begins shopping in a store, than checks some information on the mobile phone, and in the end decides to finish the purchase online, using a laptop. This is referred to as omnichannel retail, and it’s supposed 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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