Tag: how to maximize profits

2 December 2021 - 15:01, by , in Best practices in price monitoring, Comments off
Reading Time: 4 minutes

Did you know that a 1% improvement in price optimization can bring on an average boost of 11.1% in profits?  Anyone familiar with this fact is professionally and thoroughly engaged in price optimization. Still, a vast number of businesses are guessing or copying competitors’ prices which indicates plenty of room for improvement. The process of...
Reading Time: 2 minutes

The biggest passion of every company’s owner is increasing revenue with maximum profitability. One of the best ways to increase company revenue is using the optimal pricing strategy. However, setting prices optimally can be quite difficult in different local market environments. Let’s assume that your company is competing in many locations and different market segments, which...

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.