Qualitative data is a foundation for proper pricing strategy creation, customer attraction,
and increasing gross margins.
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Price is one of the key factors for 81% of consumers. That’s why the importance of competitive pricing is so evident.
Large retailers in different industries change their inventory costs several times a day. Therefore, you need to track these changes for each rival, brand, and product group with the help of competitor monitoring software right after your rivals have repriced their goods.
To find the fees of your rivals, use a competitor price monitoring tool, such as Competera. It is engineered by people who firmly understand the importance of correct data.
With thousands of online store product names (SKUs), it’s almost impossible to change their costs without the automated competitor price tracker. Especially if you apply complex pricing algorithms and rules. To do this, choose the most significant rivals.
Eliminate errors in pricing and simplify customization and configuration, meet the customer needs, improve margins and increase sales with Competera.
Do you want to know exactly how to find competitor pricing which impacts the sales of your online store? Use the Competitive Index, it will show which changes affect your business.
This instrument is crucial for competitive analysis on the store, category and product levels. It helps understand the product sensitivity of an online store based on the store position.
People make mistakes. Correctly created algorithms based on qualitative data are never mistaking. Make effective decisions for every product basing on data regularly scraped by Competera.
Reprice the products on your shelves using competitor price monitoring and automated self-pricing algorithms to avoid the human error. Monitor prices regularly to get the historical data and to realize at what point you were setting the most optimal fees.
You can always find more efficient tasks to do than manually monitoring competitor prices and change numbers within Excel spreadsheets. Competitor price monitoring helps to spend an irreplaceable resource—time—more efficiently than ever.
Develop pricing strategies, determine the pricing rules which best fit your current business needs.
promotions and stocks saves days of manual work and reduces human error
with standalone adjustments for different categories, brands, and products
that does not overload websites
and customer support 24/7
and e-mail reporting
Developing and implementing of a proper pricing strategy is easier
and more efficient with Competera