A price comparison tool will allow you to compare competitors’ prices with yours at any given moment. That’s why nowadays it’s one of the most requested tools by every brand and retailer. With price comparison, you’ll have a detailed overview of your competitors’ pricing actions which will allow you to adjust your prices timely.
Not only you’ll never stay behind, but you’ll be able to gain an important advantage over the competition and anticipate the key moments – price drops, price increases, promotions, and discounts.
That further means:
The price comparison tool will allow you to create a dynamic pricing strategy adaptable to every market condition.
Reasons are numerous, but one of the main ones is: in today’s eCommerce world, it’s almost impossible to manually track all the price changes. The price comparison tool will help you to do this daunting task automatically, which will allow you to keep track of the market factors that interest you the most.
In addition, this tool can provide you with the necessary information about your competitors’ activities and help you define the best responses.
All price comparison tools are beneficial, so why should you choose Price2Spy?
Price2Spy’s price monitoring tool stands for effectiveness and accuracy. It’s enabling clients to gather a large amount of data while keeping high-quality results. While dealing with a large amount of data is extremely important, those results wouldn’t mean much if they weren’t accurate and timely.
Without a doubt, one of the biggest Price2Spy’s advantages comes from its high level of customizability. Although most solutions are well thought out in advance, there are always clients who would like a custom approach, and Price2Spy is able to offer that.
Price2Spy has developed a very advanced price comparison mechanism. Therefore, there are numerous reports that can help you gather the information that you need.
The most popular report among clients is Price Matrix. In this report, each product will be represented by a row and each competitor by a column. In addition, there is also the Price Competitiveness report which offers an extensive and direct comparison of pricing data from website A against other sites with the same products.
You can also check Product price distribution, Cheapest products, Product price deviations, Most expensive products, Products with prices lower/higher than average, and much more.
Price2Spy has made price monitoring so simple for me. I can easily focus on my key competitors and get a great overview of pricing by using Reports and Dashboard widgets. I am looking forward to implementing other features, such as the Pricing strategies.
We’ve been greatly impressed with the technical features of the tool and how fast the new features were being added and implemented. We are referring to the Competitor group feature in particular, now I can have a clear view of the different competitors per country! Very nice!
Price2Spy is a useful and flexible tool that has helped us monitor changes in the home decor industry more efficiently. We are still in the process exploring all of the useful features Price2Spy offers and are looking forward to implementing some additional functionality in the future.