{"id":2994,"date":"2015-10-17T12:00:34","date_gmt":"2015-10-17T12:00:34","guid":{"rendered":"http:\/\/www.price2spy.com\/blog\/?p=2994"},"modified":"2016-06-28T13:48:04","modified_gmt":"2016-06-28T13:48:04","slug":"monitoring-a-single-product-across-different-markets","status":"publish","type":"post","link":"https:\/\/www.price2spy.com\/blog\/monitoring-a-single-product-across-different-markets\/","title":{"rendered":"Monitoring a single product across different markets"},"content":{"rendered":"<p>Price2Spy clients who operate on several markets (quite often involving different currencies) will sooner or later face an important crossroad, which is illustrated in a simple question<br \/>\nWhat is the best way to monitor a particular product across several markets \/ countries \/ currencies?<br \/>\nIn essence, we come down to 3 potential solutions:<\/p>\n<ul>\n<li>A &#8211; Monitor all markets \/ sites within a single product<\/li>\n<li>B &#8211; Define separate products for different markets (typically, one product per country)<\/li>\n<li>C &#8211; Monitor each market (country) within it&#8217;s own, separate Price2Spy account<\/li>\n<\/ul>\n<p>Lets now discuss PRO&#8217;s and CON&#8217;s of each of these options<\/p>\n<p><strong>A) Monitor all markets \/ sites within a single product<\/strong><\/p>\n<p>Typically, this would mean creating a single product, with 20 &#8211; 50 URLs (URLs from all sites, no matter what country, would go into this product)<\/p>\n<p><a href=\"https:\/\/www.price2spy.com\/blog\/wp-content\/uploads\/2015\/10\/12264_1.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2995\" src=\"https:\/\/www.price2spy.com\/blog\/wp-content\/uploads\/2015\/10\/12264_1.png\" alt=\"12264_1\" width=\"950\" height=\"339\" \/><\/a><\/p>\n<p>The above example shows a single product monitored across sites from UK, France, Luxembourg and Germany<\/p>\n<p>PROs<\/p>\n<ul>\n<li>Very convenient for comparing prices over a whole range of sites (across different markets).<\/li>\n<li>If multiple currencies are involved, setting up exchange rates helps establish overall pricing comparison.<\/li>\n<li>This method is most popular in industries with a lot of cross-border online purchases (shoppers from country A shop online in country B, because of cheaper price found there)<\/li>\n<li>Splitting email alerts can be achieved per brand, category or per site group (site groups can be defined per country)<\/li>\n<\/ul>\n<p>CONs<\/p>\n<ul>\n<li>Since only one MAP (minimal advertised price) can be defined per product &#8211; if multiple currencies are involved, MAP price violations won&#8217;t work (you can&#8217;t have different MAPs defined for different currencies)<\/li>\n<li>If multiple currencies are involved, setting up exchange rate will mean that you do not see the product&#8217;s original price any longer<\/li>\n<li>On the other hand, if exchange rate is not setup &#8211; you will see original product prices, but the price comparison features can&#8217;t be used<\/li>\n<li>Filtering reports per country is not possible<\/li>\n<li>All employees have access to all pricing data (from all countries)<\/li>\n<\/ul>\n<p><strong>B) Define separate products for different markets<br \/>\n<\/strong><\/p>\n<p>Here we create separate product for each country. For example, if we&#8217;re speaking of product X, several variations of this product would be created<\/p>\n<ul>\n<li>Product X (UK) &#8211; for URLs from UK sites<\/li>\n<li>Product X (NL) &#8211; for URLs from Dutch sites<\/li>\n<li>Product X (DE) &#8211; for URLs from German sites<\/li>\n<li>Product X (FR) &#8211; for URLs from French sites<\/li>\n<\/ul>\n<p>Further, in order to use split country features, we will introduce 4 suppliers (UK, NL, DE, FR), and assign each product to the given supplier. The supplier has no real meaning, except that it&#8217;s use will enable many other Price2Spy features to be unlocked (please read on)<\/p>\n<p>PROs<\/p>\n<ul>\n<li>Each product (from each country) can have its own MAP and purchase prices defined<\/li>\n<li>Splitting email alerts per country (alerts for UK sites go only to UK recipients)<\/li>\n<li>Executing filtered reports (per supplier = per country)<\/li>\n<li>Defining pricing strategies (per supplier = per country)<\/li>\n<\/ul>\n<p>CONs<\/p>\n<ul>\n<li>Products need to be copied in multiple country-variations (price2Spy team will be happy to assist with this task, at no additional cost)<\/li>\n<li>No easy way to compare products from various countries<\/li>\n<li>All employees still have access to all pricing data (from all countries)<\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.price2spy.com\/blog\/wp-content\/uploads\/2015\/10\/12264_2a.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2997\" src=\"https:\/\/www.price2spy.com\/blog\/wp-content\/uploads\/2015\/10\/12264_2a.png\" alt=\"12264_2a\" width=\"950\" height=\"382\" \/><\/a><\/p>\n<p>The above image shows a list of 7 products of a client working Scandinavia \/ Baltic market (product name is deleted for data privacy reasons). In essence, it represents a single product multiplied in 7 variations (because it needs to be monitored in 7 countries). As you can see, prices are captured in DKK, NOK, EUR tc (depending on the actual country)<\/p>\n<p><a href=\"https:\/\/www.price2spy.com\/blog\/wp-content\/uploads\/2015\/10\/12264_2b.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2996\" src=\"https:\/\/www.price2spy.com\/blog\/wp-content\/uploads\/2015\/10\/12264_2b.png\" alt=\"12264_2b\" width=\"950\" height=\"282\" \/><\/a><\/p>\n<p>Above you can see a screen listing Lithuanian version of this product (as you can see, only Lithuanian sites are featured)<\/p>\n<p><strong>C) Open separate user accounts for each country<\/strong><\/p>\n<p>Each country will have its own account, with its own products defined.<\/p>\n<p>PROs<\/p>\n<ul>\n<li>Users from each country have access only to its own products \/ data<\/li>\n<li>No need to split emails alerts per country<\/li>\n<li>No need to apply country-specific filters<\/li>\n<\/ul>\n<p>CONs<\/p>\n<ul>\n<li>No easy way to compare prices across different countries<\/li>\n<li>This solution is more expensive than having a single account<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>What would our recommendation be? There is no simple answer, as different options work better for different sorts of clients.<br \/>\nWe do have clients using all 3 options, though option C) is quite rare.<br \/>\nInstead of giving a simple answer to this question, we&#8217;d recommend to speak to Price2Spy support team, explain the details of what you exactly need &#8211; and this will enable us to advise the solution which will fit the best.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Price2Spy clients who operate on several markets (quite often involving different currencies) will sooner or later face an important crossroad, which is illustrated in a simple question What is the best way to monitor a particular product across several markets \/ countries \/ currencies? In&#8230;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[108],"tags":[109,111,110,112],"class_list":["post-2994","post","type-post","status-publish","format-standard","hentry","category-best-practices","tag-countries","tag-currencies","tag-markets","tag-multiple"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Monitoring a single product across different markets - Price2Spy\u00ae Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.price2spy.com\/blog\/monitoring-a-single-product-across-different-markets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Monitoring a single product across different markets - Price2Spy\u00ae Blog\" \/>\n<meta property=\"og:description\" content=\"Price2Spy clients who operate on several markets (quite often involving different currencies) will sooner or later face an important crossroad, which is illustrated in a simple question What is the best way to monitor a particular product across several markets \/ countries \/ currencies? In...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.price2spy.com\/blog\/monitoring-a-single-product-across-different-markets\/\" \/>\n<meta property=\"og:site_name\" content=\"Price2Spy\u00ae Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Price2Spy\/\" \/>\n<meta property=\"article:published_time\" content=\"2015-10-17T12:00:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-06-28T13:48:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.price2spy.com\/blog\/wp-content\/uploads\/2015\/10\/12264_1.png\" \/>\n<meta name=\"author\" content=\"Mi\u0161a Kruni\u0107\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Price2Spy\" \/>\n<meta name=\"twitter:site\" content=\"@Price2Spy\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mi\u0161a Kruni\u0107\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Monitoring a single product across different markets - Price2Spy\u00ae Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.price2spy.com\/blog\/monitoring-a-single-product-across-different-markets\/","og_locale":"en_US","og_type":"article","og_title":"Monitoring a single product across different markets - Price2Spy\u00ae Blog","og_description":"Price2Spy clients who operate on several markets (quite often involving different currencies) will sooner or later face an important crossroad, which is illustrated in a simple question What is the best way to monitor a particular product across several markets \/ countries \/ currencies? In...","og_url":"https:\/\/www.price2spy.com\/blog\/monitoring-a-single-product-across-different-markets\/","og_site_name":"Price2Spy\u00ae Blog","article_publisher":"https:\/\/www.facebook.com\/Price2Spy\/","article_published_time":"2015-10-17T12:00:34+00:00","article_modified_time":"2016-06-28T13:48:04+00:00","og_image":[{"url":"https:\/\/www.price2spy.com\/blog\/wp-content\/uploads\/2015\/10\/12264_1.png","type":"","width":"","height":""}],"author":"Mi\u0161a Kruni\u0107","twitter_card":"summary_large_image","twitter_creator":"@Price2Spy","twitter_site":"@Price2Spy","twitter_misc":{"Written by":"Mi\u0161a Kruni\u0107","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.price2spy.com\/blog\/monitoring-a-single-product-across-different-markets\/#article","isPartOf":{"@id":"https:\/\/www.price2spy.com\/blog\/monitoring-a-single-product-across-different-markets\/"},"author":{"name":"Mi\u0161a Kruni\u0107","@id":"https:\/\/www.price2spy.com\/blog\/#\/schema\/person\/08e388ab2e43e97b3618363fbbe94ded"},"headline":"Monitoring a single product across different markets","datePublished":"2015-10-17T12:00:34+00:00","dateModified":"2016-06-28T13:48:04+00:00","mainEntityOfPage":{"@id":"https:\/\/www.price2spy.com\/blog\/monitoring-a-single-product-across-different-markets\/"},"wordCount":763,"commentCount":0,"image":{"@id":"https:\/\/www.price2spy.com\/blog\/monitoring-a-single-product-across-different-markets\/#primaryimage"},"thumbnailUrl":"https:\/\/www.price2spy.com\/blog\/wp-content\/uploads\/2015\/10\/12264_1.png","keywords":["countries","currencies","markets","multiple"],"articleSection":["Best practices in price monitoring"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.price2spy.com\/blog\/monitoring-a-single-product-across-different-markets\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.price2spy.com\/blog\/monitoring-a-single-product-across-different-markets\/","url":"https:\/\/www.price2spy.com\/blog\/monitoring-a-single-product-across-different-markets\/","name":"Monitoring a single product across different markets - Price2Spy\u00ae Blog","isPartOf":{"@id":"https:\/\/www.price2spy.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.price2spy.com\/blog\/monitoring-a-single-product-across-different-markets\/#primaryimage"},"image":{"@id":"https:\/\/www.price2spy.com\/blog\/monitoring-a-single-product-across-different-markets\/#primaryimage"},"thumbnailUrl":"https:\/\/www.price2spy.com\/blog\/wp-content\/uploads\/2015\/10\/12264_1.png","datePublished":"2015-10-17T12:00:34+00:00","dateModified":"2016-06-28T13:48:04+00:00","author":{"@id":"https:\/\/www.price2spy.com\/blog\/#\/schema\/person\/08e388ab2e43e97b3618363fbbe94ded"},"breadcrumb":{"@id":"https:\/\/www.price2spy.com\/blog\/monitoring-a-single-product-across-different-markets\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.price2spy.com\/blog\/monitoring-a-single-product-across-different-markets\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.price2spy.com\/blog\/monitoring-a-single-product-across-different-markets\/#primaryimage","url":"https:\/\/www.price2spy.com\/blog\/wp-content\/uploads\/2015\/10\/12264_1.png","contentUrl":"https:\/\/www.price2spy.com\/blog\/wp-content\/uploads\/2015\/10\/12264_1.png","width":950,"height":339},{"@type":"BreadcrumbList","@id":"https:\/\/www.price2spy.com\/blog\/monitoring-a-single-product-across-different-markets\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.price2spy.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Monitoring a single product across different markets"}]},{"@type":"WebSite","@id":"https:\/\/www.price2spy.com\/blog\/#website","url":"https:\/\/www.price2spy.com\/blog\/","name":"Price2Spy\u00ae Blog","description":"Price2Spy\u00ae","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.price2spy.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.price2spy.com\/blog\/#\/schema\/person\/08e388ab2e43e97b3618363fbbe94ded","name":"Mi\u0161a Kruni\u0107","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/31aa4afb2464eca1f1ca0c7979628c87e54e7a6b53ebcb371749e9349d27c850?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/31aa4afb2464eca1f1ca0c7979628c87e54e7a6b53ebcb371749e9349d27c850?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/31aa4afb2464eca1f1ca0c7979628c87e54e7a6b53ebcb371749e9349d27c850?s=96&d=mm&r=g","caption":"Mi\u0161a Kruni\u0107"},"description":"Father of 2, Husband of 1, CEO of 3 :-)","sameAs":["http:\/\/www.price2spy.com"],"url":"https:\/\/www.price2spy.com\/blog\/author\/misha\/"}]}},"_links":{"self":[{"href":"https:\/\/www.price2spy.com\/blog\/wp-json\/wp\/v2\/posts\/2994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.price2spy.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.price2spy.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.price2spy.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.price2spy.com\/blog\/wp-json\/wp\/v2\/comments?post=2994"}],"version-history":[{"count":3,"href":"https:\/\/www.price2spy.com\/blog\/wp-json\/wp\/v2\/posts\/2994\/revisions"}],"predecessor-version":[{"id":3001,"href":"https:\/\/www.price2spy.com\/blog\/wp-json\/wp\/v2\/posts\/2994\/revisions\/3001"}],"wp:attachment":[{"href":"https:\/\/www.price2spy.com\/blog\/wp-json\/wp\/v2\/media?parent=2994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.price2spy.com\/blog\/wp-json\/wp\/v2\/categories?post=2994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.price2spy.com\/blog\/wp-json\/wp\/v2\/tags?post=2994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}