Category: Best practices in price monitoring

Reading Time: 5 minutes

Have you ever left a full cart of stuff at cash register in a brick-and-mortar store? Probably not. Then why do hundreds of thousands of people do it at the online stores. This occurrence is very frequent in e-commerce and is referred to as shopping cart abandonment. It’s a real problem that companies have to battle...
Reading Time: 4 minutes

When the Internet was made public in the late 80s, many companies had seen it as an opportunity to do something big and make money fast. There were numbers of promising success stories, but shedload of them was never told due to the burst of the dot-com bubble. Only the ones that played smarter, managed...
Reading Time: 4 minutes

E-commerce has come a long way since its beginning in the late XX century. Today, it makes up 11,9% of total sales, which is 1,7% more than in 2017. This number is going to continue to grow due to the popularity of online shopping, which has become an essential part of everyday life for millions...
25 September 2018 - 9:17, by , in Best practices in price monitoring, No comments
Reading Time: 2 minutes

What are URL parameters? Over the years we’ve had a lot of questions regarding monitoring product pages where prices change according to the selected criteria.When a price of a product on the product page depends on the chosen parameter (e.g. size, format, weight etc.), we call this a ‘parametrized URL’. This means that on the same...
Reading Time: 2 minutes

Pricing is one of the most important key factors to sales and income success – no doubt. The difficulties, however, lie in current market conditions. Luckily, the technological era provides us with hundreds of thousands of articles, solutions or services in any part of the world, any time. Especially, retailers and brands/manufacturers are quite lucky to find...
Reading Time: 2 minutes

We have recently published a post about how to handle violations of the agreed (MAP) prices and solutions for manufacturers/brands.  We highlighted possible solutions in order to prevent this situation for manufacturers and brands. After listing the important solutions for MAP monitoring, finally we wanted to share one example that we came across recently. This...
Reading Time: 2 minutes

Minimum Advertised Price – MAP (or Targeted price, RRP, MSRP etc.) is an agreement between suppliers and retailers that qualifies the lowest price at which each product can be advertised. This means that retailers can go above the specified price but not below it. Map policy can either be a policy imposed by the manufacturer/supplier or an agreement between a manufacturer,...
Reading Time: 2 minutes

  Blockbuster shopping days of the year Black Friday and Cyber Monday is about to knock the door. As you remember; these shopping days were the online record breakers of 2016 with enormous traffic up to 220% on a normal day. Put it simply, there is enough room for dedicated online retailers and brands to...
Reading Time: 2 minutes

Whether you’re planning to create or buy a price monitoring software, the analysis of what exactly you want it to do and what you are planning to achieve with it should be a part of your process. Because, if a software you choose does not meet your needs or address your challenges, it is effectively...
Reading Time: 2 minutes

Competing effectively in the ever growing world of online retail becomes harder day by day. In case you aren’t fighting with true weapons against your rivals, your rivals could undercut your efforts. Early this year, Reuters has published one report about battle of the shopping ‘bots’ among Wal-Mart and Amazon. According to this report, engineers...

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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