Tag: competitive pricing

Reading Time: 6 minutes

There is no doubt that price is the most important factor for consumers when buying a product. It’s no surprise that 60% of internet users in the U.S. agree that price is more important than brand when buying a product. So. the right pricing strategy is an essential part of a good business, but with...
19 November 2020 - 11:57, by , in Best practices in price monitoring, No comments
Reading Time: 5 minutes

As strange as it might sound, pricing isn’t only about the numbers. It’s about the knowledge behind it. Surrounded by fast and dynamic changes in the market, businesses need both knowledge and flexibility when trying to set the right pricing strategy.  What every business strives to achieve is the price that will create a balance between making a profit,...
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...

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.