Ángela de la Vieja
Spy or monitor competitors' prices consists in obtaining every 24 hours our main competition selling prices.
In ecommerce it is of vital importance that online shops obtain acces to this information in order to carry out wining price strategies.
How can we set our price strategy if we don´t know our competirors´?
With Mindert´s Price Tracker you will be aware of your competitors´ price and stock changes, as you will receive in your e mail those changes which will take place every day.
You will know those products in which you are not competitive and must decrease your prices in order to increase your sales and on the contrary you will have access to a list of those products where you are too cheap and are losing profits margin. The suggested action in this case would be to increase prices thus increasing benefits.
Find out how Minderest can take your business to the next level.
Contact our pricing experts to see the platform in action.
Related Articles
How to select the best pricing tool for the retail sector
In the competitive retail sector, price intelligence has become critical to success. Knowing your competitors’ prices, market fluctuations, and consumer trends allows you to make strategic...
Pricing strategies for Direct-to-Consumer (D2C) models: how to optimize margins
Direct-to-consumer (DTC or D2C) strategies have become among the most widely used in the digital era. They allow manufacturers to interact directly with consumers, either eliminating or minimizing the...