There’s no such thing as too much data. With so much of data access, data extraction has become a need of the hour. The pressing question here is, how to gain optimally from the data extraction? How to have a value addition? Let’s understand in detail. What is Data Extraction? Data extraction helps in..
Pricing your product or service can be tricky. Setting prices too high can make you lose valuable sales, and setting them too low can make you lose revenue. Embarking on a new business venture or reevaluating your company’s pricing strategy requires precise agenda for successful planning. An appropriate pricing strategy is defined by many factors..
Price is the most crucial factor from the 4P’s of marketing. 4P’s of marketing you ask? Product, Price, Place, and Promotion. Price is the most difficult to manage and plan as well. Price optimization can prove to be a lifesaver for the retail industry per se. Retail price optimization deals with distinct algorithms designed to..
The year 2020 made us unlearn and relearn everything. It also had an adverse effect on the dynamics of world economics. The complete pricing strategy for the year took a nosedive on account of the ongoing pandemic. Driving profitable outcomes and monitoring competitor price has never been this vital before. How to have a new..
Can online shopping be imagined without price comparisons? If the answer is no, it leads to another question. Can retail business be imagined without an effective real time competitor price monitoring? The answer remains the same, ‘No’. That explains how important web data scraping is and why it must be leveraged to have an effective..
Retail business can bring loads of challenges if pricing is not paid attention to. Many retailers make the same mistake only to pay a price for it. The ecommerce business is extremely competitive and it is getting even more competitive day by day. In this post we will shed light on some of the biggest..
Websites are increasing quite exponentially and so is the competition. Web data extraction has become indispensable to the online market worldwide. You must be aware that there are over 1 billion websites on the internet today and companies are constantly looking to harness the immense potential of web data extraction for market research and to..
Competitive pricing is inarguably an effective way to boost your business, but it may seem overwhelming when getting started. In this post, we will share some really amazing tips which will help you implement competitor pricing intelligence with utmost ease. So, let’s go through these surefire tips quickly. 1. Capture information Effective competitive pricing intelligence..
Competitor price monitoring is the latest rage and just cannot be done without. Gone are the days when retailers would either rely on their plain gut or manual tracking to adjust their prices. Needless to say this is not a practical solution and hence competitor price monitoring is the answer to all competitor pricing woes…
Retail is a rewarding as well as a risky business. The result depends on how you approach it. Contemporary retail space is extremely competitive and with more and retailers adopting latest pricing intelligence strategies, the competition is bound to get even more cut-throat. When customers find your pricing unreasonable or higher in comparison, they would..