Sometimes, pricing is the only edge you have over your competitors!
Most online retailers are selling their products in a highly competitive and cut-throat market – a single retailer is often competing against thousands of retailers for any particular product in any given category. And proper, accurate and regular competitor price monitoring can majority of the times bring in the difference between robust growth on one hand and stagnation on the other for your online business.
Why Is Competitor Price Monitoring So Vitally Important For My Business?
Regular competitor price monitoring is of paramount importance for any online retailer. Why, you might ask? Well, for one it helps you decide if you are selling your products at a reasonable rate or if you are “underselling” yourself – or charging too much, for that matter. Apart from enabling you to keep track of, analyze and regularly adjust your prices to achieve a competitive edge, we also keep you abreast of the stock levels of your products – this prevents YOUR inventory from staying “stagnant”, and keeps you stay up-to-date with the latest market trends. And so forth…
Make no mistake about it; competitor price monitoring is an often overlooked, but vitally important key to growth in a tough market – so important that you really need a dedicated team providing you with competitor price tracking services at every stage of your selling campaign. And, at 24×7 BPO Services, we will provide you with specialized and customized price comparison services that will do just that for you. We have been providing competitor price tracking services to our clients for several years now, and have experience working in a wide variety of industries, including, but not limited to electronics, sports, apparel, baby products, home accessories, luxury watches, and more. We have a proven track record of delivering increased sales and profit for online retailers!
What do 24×7 BPO Services Price Comparison Services Entail?
- Real Time Price Monitoring Services: We will monitor competitor prices in REAL TIME, thus ensuring you are kept up to date on what pricing strategy your competitors are using, as well as market prices for your products. We will also make sure we make you aware of any new products being launched in any given product category and will monitor competitor prices for these as well.
- Manual/Automated Tracking Services: Our competitor price tracking experts are equally at home tracking your competitor prices either manually or by using “automated” methods. We will research and get competitor prices from all the major online retail sites, such as eBay, Amazon, Sears, etc.
- Manual Tracking: A human touch is sometimes just what is needed to provide precise price tracking, and our team can provide just that for you!
- Automated Tracking: We are also well versed in “automated” competitor prices tracking by using various software such as Price2Spy, Quantum, Kapow, etc.
- Accurate Product Matching: It is extremely important to ensure accurate product matching while comparing products from different sites at once. Our product matching specialists would ensure that we match products by the most commonly used identifiers, such as UPC, EAN, product brand/title and product attributes. This means that our competitor price tracking experts can analyze any one product across multiple sites at the same time, thus saving time, and ensuring you remain abreast with product changes across multiple sites.
- Competitive Price Analysis: We will employ advanced analysis techniques that would help you stay “ahead of the game” at all times, and will also give you an opportunity to swiftly change prices as required, which in turn will boost sales and increase your profits!
- Analyze Product Price History: We determine the optimal future price of your product by carefully analyzing its price history, and price trends. This can be of use to re-price products dynamically, predict demand fluctuation, and executing product price arbitrage.
- Follow The Latest Trends: Our competitor price monitoring services include following the latest product price trends, and providing you with comprehensive price trends analysis reports as well.
- Frequent Email Reporting: Online commerce is a 24/7 game and our team will monitor competitors’ prices around the clock as well. Our competitor price watch experts will provide you with up-to-date and relevant email reports so that you can easily analyze your standing in the market with respect to other competitors out there.
- Competitive Price Optimization: 24×7 BPO Services competitor price tracking services ensure that your prices are always optimized to the best possible extent in order to ensure greater sales, and better profit margins!
We know it’s not always easy to choose the right provider to outsource your competitor price watch requirements to, and that is why, we invite you to take a FREE TRIAL of our price monitoring services first, before committing to a long term relationship, as this would mean you get to see the quality of our competitor price monitoring services firsthand. Contact us today, and let our price comparison services team get to work tracking your competitor prices so you can experience improved sales margins and more profit!