It is common for a business to lose business to its competitors due to pricing differences. And for an eCommerce business, it becomes more apparent as there are many companies out there offering the same at a competitive price. If you are looking for a way to stay competitive while optimizing your profit, retail price..
Everybody wants to make their business run in autopilot mode. But, is it easy to achieve? If your answer was no, then you are about to be surprised in this blog. To begin with, in a fiercely competitive market, it is essential for a business to keep an eye on the market trends and competition…
A business needs strong strategies and careful planning to achieve growth. The sign of a good business is learning from past efforts and testing the future ideas for creating a bright future. Everything boils down to e-commerce data analytics. Analytics help a business go deep into the facts and figures, historical data, and future forecasting…
Pricing plays a crucial role for any business as it helps in earning the required profit margin. It is not as easy to set the prices of products/ services as it seems. Various factors need to be considered and the business must choose the right pricing technique. Retail businesses need to keep pace with market..
For any business, it is essential to have a pricing strategy in place. The ultimate aim of a company is to fetch higher sales and make a decent profit for growth and development. There are several benefits of having a clear and competitive pricing strategy in place. It helps attract buyers and preventing them from..
The ecommerce industry is highly competitive. It is tough for businesses to sustain and enjoy substantial profit margins on their products. A business needs to set the right price point that is competitive enough yet helps in staying profitable. However, the pricing strategy can’t be developed simply considering the cost and profit margin. It is..
There are different types of pricing strategies that a business can implement for improving the sales and revenue figures as well as beating the fierce competition. One such strategy is the competition based pricing which is built on the foundation of strong research. When a business studies and analyses its top competitors in the market..
There is nothing more important than data in the present day and time. It plays a crucial role in the retail industry as well. Retail data analytics is tracking the business data like customer behavior, sales figures, inventory levels, etc, analyzing the data, and making well-informed decisions. The data analytics of retail involves getting insights..
E-commerce is a highly competitive field. Retailers have different marketing strategies on various platforms even for a single product. For comparing product information on different platforms, scrape Google Shopping as it will save significant time. Earlier, Google Shopping was known as Product Listing Ads. What is Google Shopping? It is an online service offered by..
You might have come across terms such as data analytics and business intelligence. At times people confuse the two terms. Though data analytics can be considered a part of business intelligence, there is a clear difference between both! It is important to know the difference between business intelligence Vs data analytics. For any business, adopting..
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