Tag: pricing

Reading Time: 3 minutes

Customers are very sensitive to price changes. People’s spending habits are limited by their budgets. And any price change can affect and change them. Because of this, the demand for some products will change due to the price changes (up or down). This is known as the price elasticity of demand. For example, if the price of gas...
Reading Time: 4 minutes

Key to success in eCommerce business is the right price. Prices are going up and down constantly, and how it’s set will determine your position on the market. The right price is the one that drives the most customers and ensures your profitability and protects your market position. Depending on your desired position on the...
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...
2 March 2017 - 13:24, by , in Price2Spy announcements, No comments
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It’s a great pleasure to announce that Price2Spy will be participating at Global Effective Pricing Summit Barcelona as a Bronze Sponsor! The event  is taking place on 9th and 10th March in Barcelona and will gather pricing professionals from all over the world. Our CEO Misha Krunic will be giving a presentation on best practices in price...
5 October 2016 - 8:14, by , in New Price2Spy features, No comments
Reading Time: 2 minutes

Since we try to make Price2Spy as customizable as we can, we decided to add a few useful details to price change alert emails. 1. Subject of alert emails From a few days ago you are able to customize the subjects of your alert emails with just a few clicks. To change the subject of...
30 September 2016 - 10:46, by , in Best practices in price monitoring, No comments
Reading Time: 5 minutes

Pricing intelligence is an irreplaceable part of today’s successful business. Pricing competition has become hotter than ever due to massive growth in online retail that’s driven by more and more customers. The transparency of eCommerce gives customers the ability to easily see which store has the lowest price or which one has the best offer...
27 September 2016 - 10:04, by , in New Price2Spy features, No comments
Reading Time: < 1 minute

If you’re using our Pricing strategies, there is a new addition you should check out. Columns Current profitability and Suggested profitability have been added in the preview of the following pricing opportunities: Clever drop and Clever raise. Briefly, new columns represent the potential profitability that can be actualized by adjusting your prices according to the...
Reading Time: 3 minutes

Starting a business is one of the most difficult challenges for all entrepreneurs. On the other hand, being ready to take full responsibility of the new start-up and keeping up with the competitive market conditions with little experience make things harder and harder. However, knowing these tactics can help you avoid some common traps. Choosing...
Reading Time: 3 minutes

Too many entrepreneurs are doing business in different locations or too many of them are planning to enter new markets all around the world. But the question is: are they actually paying attention to set prices to be fair enough for different locations? Unfortunately, the answer is: no. According to research, the prices of products...
Reading Time: 2 minutes

Lately, the competition on the market has increased the pressure on the product pricing process so greatly. Whenever companies realize the consumer spending is slowing down, they are trying to spend more time defending their market position and prices. Staying ahead of the competition may be tough, but it is not impossible – you just...

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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