{"id":6917,"date":"2020-03-02T10:03:48","date_gmt":"2020-03-02T10:03:48","guid":{"rendered":"https:\/\/www.price2spy.com\/blog\/?p=6917"},"modified":"2020-03-02T10:03:50","modified_gmt":"2020-03-02T10:03:50","slug":"estimating-competitors-turnover-by-constant-price-and-stock-status-monitoring","status":"publish","type":"post","link":"https:\/\/www.price2spy.com\/blog\/estimating-competitors-turnover-by-constant-price-and-stock-status-monitoring\/","title":{"rendered":"Estimating competitor\u2019s turnover by constant price and stock status monitoring"},"content":{"rendered":"\n<p>The Internet has changed the way\nprice information is presented. With just a few clicks, consumers are able to\nget price information from multiple retailers. This price transparency has\ncaused fierce competition among online retailers and requires ongoing monitoring\nand adequate responses to the actions performed by the competition.&nbsp;<\/p>\n\n\n\n<p>Besides being interested in price checks, <a href=\"https:\/\/www.price2spy.com\/en\/\">Price2Spy<\/a>&#8216;s\u00a0clients often want to have an insight into their competitor&#8217;s stock status and their turnover by constant price. Some clients even point out stock status information as more important than the information regarding the price change. Why stock status is so important? <\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"937\" height=\"491\" src=\"https:\/\/www.price2spy.com\/blog\/wp-content\/uploads\/2020\/03\/Picture1.png\" alt=\"\" class=\"wp-image-6918\" srcset=\"https:\/\/www.price2spy.com\/blog\/wp-content\/uploads\/2020\/03\/Picture1.png 937w, https:\/\/www.price2spy.com\/blog\/wp-content\/uploads\/2020\/03\/Picture1-768x402.png 768w\" sizes=\"auto, (max-width: 937px) 100vw, 937px\" \/><\/figure><\/div>\n\n\n\n<p>First of all, you need to be aware\nof your own stock status.&nbsp;When you\u2019re in control of your stock, you&#8217;ll\nhave a better insight into your efficiency&nbsp;and clear visibility of stock\nvalue and profit margins.&nbsp;When a company has tighter stock control,\nthey\u2019re able to meet customer demand in a timely manner. Of course, as\nimportant as it is to keep track of your own stock status, it&#8217;s equally\nimportant to follow up with the competitor stock status as well.<\/p>\n\n\n\n<p>During our visit to the <a href=\"https:\/\/www.price2spy.com\/blog\/impressions-from-the-namm-show-2020\/\">NAMM show<\/a>\nthis year, we had a chance to speak with one of our clients who have priorities\nsuch as this. We had a very insightful conversation where we discussed some of\nthe doubts that they had. For example, one of the inconveniences that clients\nwho are more interested in stock status than in price change can face\nis&nbsp;the following: sometimes clients have an insight into how much\napproximately their competitor&nbsp;earns according to the number of products\nthat they sell. So, when they do the sum from the stock status that they\nreceive from Price2Spy, the figures are not the same. That&#8217;s how they come to\nthe conclusion&nbsp;that Price2Spy didn&#8217;t provide them with the right numbers.\nHowever, Price2Spy, as well as any other price monitoring tool for that matter,\ncan analyze only the information that is displayed on the website, and not the\nwhole product assortment that their competitor might have. This is one of the\nmost common misunderstandings that we come across when speaking to clients.<\/p>\n\n\n\n<p>Even though there are many important\naspects that you should be aware of when running a business (or monitoring\ncompetitors), price and stock status are definitely one of the most important\nones. As you can see, this process can get a bit confusing sometimes, so it\u2019s\ngood to find a company that will be able to provide you with the right help.<\/p>\n\n\n\n<p>If you are in the hunt for a software\nsolution whose help you could use, you can always <a href=\"https:\/\/www.price2spy.com\/en\/about.html\">contact\nus<\/a> and we\u2019ll discuss all the possibilities\nthat make the best fit for your business.<\/p>\n\n\n\n<p>What information is more relevant\nfor your business \u2013 price change or stock status? We would like to hear about\nyour experiences! Share them with us in the comments below.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Internet has changed the way price information is presented. With just a few clicks, consumers are able to get price information from multiple retailers. This price transparency has caused fierce competition among online retailers and requires ongoing monitoring and adequate responses to the actions&#8230;<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[108],"tags":[566,613,190,612],"class_list":["post-6917","post","type-post","status-publish","format-standard","hentry","category-best-practices","tag-pricemonitoring","tag-competitor-turnoover","tag-ecommerce","tag-stock-status"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Estimating competitor\u2019s turnover by constant price and stock status monitoring<\/title>\n<meta name=\"description\" content=\"Besides being interested in price checks, Price2Spy&#039;s clients often want to have an insight into their competitor&#039;s stock status and their turnover by constant price.\" \/>\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\/estimating-competitors-turnover-by-constant-price-and-stock-status-monitoring\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Estimating competitor\u2019s turnover by constant price and stock status monitoring\" \/>\n<meta property=\"og:description\" content=\"Besides being interested in price checks, Price2Spy&#039;s clients often want to have an insight into their competitor&#039;s stock status and their turnover by constant price.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.price2spy.com\/blog\/estimating-competitors-turnover-by-constant-price-and-stock-status-monitoring\/\" \/>\n<meta property=\"og:site_name\" content=\"Price2Spy\u00ae Blog\" \/>\n<meta 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Popovic","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.price2spy.com\/blog\/wp-content\/uploads\/2023\/03\/ana-popovic_avatar-96x96.jpg","url":"https:\/\/www.price2spy.com\/blog\/wp-content\/uploads\/2023\/03\/ana-popovic_avatar-96x96.jpg","contentUrl":"https:\/\/www.price2spy.com\/blog\/wp-content\/uploads\/2023\/03\/ana-popovic_avatar-96x96.jpg","caption":"Ana Popovic"},"description":"Ana Popovic is a Digital Marketing Specialist at Price2Spy. 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