Tag: competitor

Reading Time: 4 minutes

Price comparison has been a topic of interest for economists for hundreds of years. Although numerous methods have emerged over time, it is still impossible to point one out as universal and the best. The appearance of price monitoring tools has made the choice even bigger. Two price comparison methods stood out though: Total basket...
17 September 2020 - 10:18, by , in Best practices in price monitoring, No comments
Reading Time: 4 minutes

The pandemic stirred up eCommerce waters. Customer behavior and customer relationship suddenly became more important than ever and we’ve been overwhelmed with different research regarding this topic. While customer behavior received huge attention, one sphere was left less-documented – how the relationship between brands and retailers was affected by this situation? We are witnessing an...
28 May 2020 - 11:14, by , in New Price2Spy features, No comments
Reading Time: 3 minutes

You often hear that setting the right pricing strategy for your business is the hardest thing to do. Over the years pricing professionals have come up with metrics for your pricing efforts – and it’s called Price Index. The price index represents the average of prices for given products (or services) during a certain period....
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Although the emergence of eCommerce has largely contributed to a faster and more successful businesses, from time to time some stumbling blocks appear. Believe it or no, but one of the most common ones is that there are a lot of retailers who have the wrong idea of who their main competitors are. The main...
27 January 2013 - 21:18, by , in New Price2Spy features, No comments
Reading Time: 2 minutes

Price Buckets – New Filter on Price2Spy Price Buckets – most recently added Price2Spy filter, an ideal feature for e-tailers wanting to focus on a particular price group and be the leaders among the competitors, offering products from that group at the lowest price. For example – for ’Low Price’ products you might want to...
19 December 2012 - 12:26, by , in Best practices in price monitoring, No comments
Reading Time: 3 minutes

  Are you aiming for the lowest price in the market? Want to share it with your customers and provide them with a clear proof of it? Thinking of showing your competitors’ prices on your own website? Not convinced that it’s a good idea? One might presume that consumers would be all in favor of...
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1. Identify killer products where it pays out to be the cheapest on the market. Then make sure you stay the cheapest. Your profits will suffer, but we will make up for it a bit later…Further, you will gain loads of new customers who will like you for your cheap offers. 2. Identify accompanying products...

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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