Competitor Price Monitoring Monitoring your competitors’ price trends is a crucial step to making a sustainable pricing strategy. Most businesses that try to make pricing models without studying their competition can either loose customers for not offering the best price or not make enough profits because of offering a low price. Most markets in the..
Retail Pricing Intelligence Solutions Businesses rely on increasing their sales and prices to increase their profits. Increasing your prices can benefit you if your product outshines those of your competition by a large factor, however, even then the profit is only short term and will eventually diminish because increasing prices will drive away your customers…
Competitive Pricing Intelligence An efficient pricing strategy is one of the most important tools a business can apply to increase their sales and get more customers. This often puts pressure on businesses to lower their prices and try other selling schemes, such as a seasonal sale, to outmatch the competition. However, without the help of..
Retail Pricing Intelligence Solutions If you work in e-commerce, chances are high that you have heard of Retail Pricing Intelligence Solutions or other pricing intelligence. This is because monitoring competitor prices is what gives retailers and e-commerce websites the cutting edge in today’s dynamic markets. Even on big sites like Amazon, customers tend to buy..
Competitive pricing intelligence, or price intelligence is a tool that gets detailed analytics about pricing data from competitors and helps in designing a profitable pricing strategy. Consumers tend to be fickle in their purchasing habits and usually go for the best price in the market. Having a well thought price strategy is necessary to ensure..
Competitive pricing intelligence is a leading force in the world of international retail. Many people have speculated on its increasing role in both domestic and international markets. And those who anticipate that it will become a major factor for businesses have been proven right. Traditionally, competitive pricing intelligence is seen as a trend identifying service…
When somebody makes reference of “artfical intelligence”(AI), what is the primary thing that rings a bell?The vast majority of us envision a multitude of human-like robots taking over humankind, while a few of us, from a more constructive reasoning network, are imagining a splendid future where AI serves them in all conceivable routes from strolling..
Web crawling is one of the more well known but less understood aspects of digital strategization and brand building. It basically has to do with finding out a multitude of factors that work in making any website successful online. Naturally, having access to this information allows you to decipher the secret to their success and..
Real-time price monitoring is an industry unto itself. With rapidly growing levels of technological prowess and global interconnectivity, it is now possible for companies to compete on a minutely basis. This is made possible by revolutionary software and analytical platforms which can offer real-time price analysis. Greater business integration and the development of transcontinental market..
Price monitoring is a key factor in determining the best price for the products in any industry. The best cost of production and optimal profit margin are essential to ensuring that your company performs at its peak. Because all consumer markets are becoming increasingly dynamic, understanding the general pricing trend and how it is affected..