{"id":7580,"date":"2020-10-16T10:51:42","date_gmt":"2020-10-16T10:51:42","guid":{"rendered":"https:\/\/www.price2spy.com\/blog\/?p=7580"},"modified":"2025-03-10T15:05:16","modified_gmt":"2025-03-10T15:05:16","slug":"is-monitoring-product-availability-equally-important-as-price-monitoring","status":"publish","type":"post","link":"https:\/\/www.price2spy.com\/blog\/is-monitoring-product-availability-equally-important-as-price-monitoring\/","title":{"rendered":"Is Monitoring Product Availability Equally Important As Price Monitoring?"},"content":{"rendered":"\n

During 10 years in business, Price2Spy has always advocated a comprehensive approach in price monitoring. This means that we often draw customers’ attention to the fact that the product price is not the only reason for their success or failure. The price factor certainly plays an important role, but monitoring product availability can often be equally important. <\/p>\n\n\n

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\"product<\/figure>\n<\/div>\n\n\n

In this post, we will explain how to adjust your\npricing strategy to product availability. Monitoring competitors’ product\navailability will allow you to make smarter pricing decisions. <\/p>\n\n\n\n

Let’s see how!<\/p>\n\n\n\n

What Options Do\nYou Have?<\/strong><\/h3>\n\n\n\n

Your pricing strategy won’t depend only on the\ncompetitors’ prices. Another aspect that you need to take into consideration is\nproduct availability. Of course, there are two possible scenarios – that a\ncompetitor does or doesn’t have a certain product in stock.<\/p>\n\n\n\n

What your approach in these cases should be? <\/p>\n\n\n\n

If the competitor does not have the product in stock,\nthat gives you an opportunity for a price raise. Yet, this doesn’t mean that\nyou can raise the price as much\nas you wish. If the price is way too high, customers will most likely\nwait with the purchase until the item becomes available somewhere else as well.\nOn the other hand, if you set the price too low, it means that you haven’t\nseized the market opportunity. <\/p>\n\n\n\n

So, how should you know what is the right price?<\/p>\n\n\n\n

Well, Price2Spy’s Repricing mechanism will give you the answer you’ve been looking for. In the case of product availability monitoring, we advise you to take a look at something we call Clever raise<\/a>. Clever raise suggests that there is room for a price increase since your price is the lowest on the market. Therefore, your product is too underpriced compared to your next cheaper competitor. Price2Spy will help you with defining what should be the right price in your case.<\/p>\n\n\n\n

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