Price2Spy introduces Price Competitiveness report
1 June 2020 - 13:29, by , in New Price2Spy features, No comments

Our development team were pretty active in previous weeks –  and  hence Price2Spy got  quite a new number of  reports / features. Price Competitiveness report is one of our brand new report and implemented in Price2Spy Reports section.

From now on, you can select the Price Competitiveness report and compare chosen site’s pricing data against other sites to see where they stand on the market. You will get a head to head comparison against each one of the monitored sites selling the same products.

To run Price Competitiveness report all you need to is select the following criteria according to your needs:

  1. Site A
  2. Show prices from (now, yesterday, 1 week ago, 3 months ago; 1st of this month, 1st last month and etc.)
  3. Price difference sensitivity (Price2Spy will consider prices the same if the difference is less than selected percentage). For example, if you fill in Price difference sensitivity = 3%, Price2Spy will consider all prices from Website A and other sites equally priced.

*** This report also has a color code, and it represented on the top and right hand-side of the list.

price competitveness report

If you click on any percentage on the list, you’ll see a preview of the affected products.

pricecompetitivness - affected products

Moreover, by running this report, you can also see the price index based on a competitor site. It means that you can easily analyze the price index based on a competitor site, and see whether your chosen site is cheaper or more expensive compared to competitors.

As many other reports in Price2Spy, this one also can be Saved, Automated and Exported in Excel.

Why is this report useful?

1. You can  directly compare your site or any other site against all of the competitors that you’re monitoring on the market.

2. You can easily discover and spot which websites are monitoring each other and therefore affecting one another’s pricing strategies.

How do you like our new report? Please let us know, feedback is always welcome!

About Price2Spy

Price2Spy is an online service that provides comprehensive and suitable solutions for eCommerce professionals including; retailers, brands/manufacturers and distributors in order to stay profitable in the current competitive market conditions. If you want to learn more about what Price2Spy can do for your business, please get a personalized free demo or start your 30-day free trial.

About author:
Cahide Gunes is a Digital Marketing Manager at Price2Spy, an online price monitoring, pricing analytics and repricing tool used by eCommerce professionals from all over the world. She loves reading, writing and speaking about e-commerce, pricing, and competitive strategies. You can find her on LinkedIn.

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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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