If your employee spends 1 minute manually tracking competitors' prices for one item, it will take 10,000 minutes or 166 hours or 20 working days. However, competitor prices are tracked for only 10,000 products (due to limited resources). Let's say you have 100,000 products in your range. Let's move to the language of digits so you can understand the merits of uXprice and conclude why it's a profitable software to monitor competitors' prices. Immediately, not in a few weeks (or months), when he already sold his stock.Į-commerce is impossible without evaluating your competitiveness on the market. Also you have the opportunity to see similar products and track their prices.Īnd if tomorrow or in a few days you have a new competitor for a particular product - you will immediately find it out. So you know the price at what the same product is offered by other retailers on the market. It shows offers almost of all the online stores. On this effect the specificity of uXprice software is built, which provides price tracking software of specific items. He conducts his tacit monitoring of the prices of online stores and selects the one who will make the best offer for him. ![]() The buyer is usually looking for a product, not a particular store. UXprice - products price tracking for e-commerce Therefore, such a model is not quite effective from a business perspective. However, they work on the principle of monitoring specific competitors, not products. And this is not a simple scraping of competitors' prices, but a multifunctional analytical price optimization software. ![]() They do not permit to take prompt and exact decisions regarding prices.Īnother option is to find a price management software that monitors competitors' prices automatically. But, data without dynamics and analytics are inappropriate. Therefore, online stores often analyze only the most popular positions.Īnd what to do if there are thousands of them? Then it becomes impossible to track competitors' prices manually at all. It takes a lot of time and does not allow to react quickly to the price maneuvers of competitors. How to do it? The most popular variant is - manually. Therefore, to be attractive to the buyer you need to regularly monitor the prices of competitors, that is, other online stores. Due to the fact that many stores sell similar items, the struggle for a shopper goes at the level of the most pleasant price offer. Realizing this, the retailer aims to monitor other vendors’ prices regularly. The higher it is, the more important is the retail price. Having defined it, the online retailer understands how to set the optimal retail price on any of his products.Īs a rule, each pricing strategy is based on supplier prices, but its success depends on competition in the market. ![]() Each online retailer has its own individual marketing mix (a set of tools to promote their products), one of the key elements of which is a price strategy. Marketing strategy is the planning of measures to achieve sustainable competitive position in the long term. ![]() See how easy it is to connect the price monitoring software and how easy it is to work with: With the uXprice price optimization for e-commerce became really easy and you always know the optimal selling price. As market researches show, you will see sales increase after the first month of use. The competitors' prices analysis comparativos and competitive pricing strategy are a guaranteed increase in retail sales. The price checking software can monitor the prices on products every day or according to your timetable. link to your product data feed on Google Merchant, Facebook or Yandex To get a list of products for tracking, the price parser uses 2 methods:ġ. The price monitoring service is connected in 5 minutes, without developers. UXprice - is a SaaS solution for online stores, brands and distributors that monitors competitors' prices in minutes.ĪI-based algorithms collect prices from advertisements, links to specific products, and on specified sites. Quick and hassle-free setup, without developer
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