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Powerful Features
Price Alerts and Data Analysis Every DayOur tools will help you to set up alerts for price movement control and prevent price wars.
Convenient data representationAll data is provided in convenient tables and charts and is carefully checked by analysts.
Frequent updatingOur tools will allow you to receive new data about prices several times a day. Be the first to learn about price drops and raises!
Competitor Price Monitoring Software
This is a cloud-based online software service for competitor price monitoring and analyzing prices on the Internet and add competitors via links. The competitive price monitoring system can monitor any number of stores and ecommerce competitors’ pricing.
Basic description
A simple registration in the monitoring service is enough to connect; no integration is required. During the quick start process, you need to choose a convenient way to add products, the country where you sell your products, and the purpose of price monitoring (competitor tracking or price/marginal cost control).
In order to get a comparative analysis of prices and generate price monitoring reports, you must first add or select competitors. If you change them later, the data will be dynamically recalculated by competitor price monitoring tool. You can download the necessary online price monitoring reports in Excel format or connect to the API to transfer the information about competitor companies directly to your CRM system to monitor their pricing.
Additional options
Additional features to monitor competitors’ pricing include:
- 24/7 Price Monitoring
- Dashboards and analytics
- Automatic Matching
- History of price changes on the market
- Optimal price recommendations
Also, there is an option to report violations.
Re-evaluation by rules
It’s extremely easy to select competitors and monitor their pricing with the help of AI: you can see the name, price and photo of your competitor. In general, the platform has all the necessary functionality for price monitoring, and the interface is quite clear and allows you to handle it without outside help. Price monitoring tool allows you to reduce manual work on repricing of products.
The ecommerce monitoring service has several pricing options that depend on the size of stores and the frequency of monitoring, as well as a free version for novice users. You will receive all the necessary tools. Use them as you see fit. However, a free version has some restrictions, so if you want to use the full range of tools, subscription is necessary.
Machine learning experts take part in data processing, so the data is reliable and really useful. When you receive new data about prices every day, you can make the right decisions about the prices of your own products. So, you will get a benefit in comparison with the competitors.
Machine learning experts take part in data processing, so the data is reliable and really useful. When you receive new data about prices every day, you can make the right decisions about the prices of your own products. So, you will get a benefit in comparison with the competitors.
Necessary tools
To make the process of monitoring your competitors' pricing fast and efficient, you need:
- A parser to pull and clean up your data.
- A script to run the parser every few minutes, hours, days or weeks.
Who Should Use it?
Analyzing competitors' prices is an equally important task for the owner of a small online store and the manager of a large retail chain. Here, you will learn how to find, monitor and use other shops' prices to your advantage.
Analyzing competitors' prices is a method of assessing the competitiveness of one's own prices in the current market conditions. Sellers are forced to pay more and more attention to other stores due to the constantly growing competition in the sphere of e-commerce. The more choices a customer has, the more expensive it is to attract traffic, and the higher the cost of conversion (purchase). When users can buy the same product from several sellers, the first thing they look at is the cost.
If you want them to choose your store more often, offer a competitive price. Use special services to determine it; they include not only market monitoring, but also competitor price analysis.
Analyzing competitors' prices is a method of assessing the competitiveness of one's own prices in the current market conditions. Sellers are forced to pay more and more attention to other stores due to the constantly growing competition in the sphere of e-commerce. The more choices a customer has, the more expensive it is to attract traffic, and the higher the cost of conversion (purchase). When users can buy the same product from several sellers, the first thing they look at is the cost.
If you want them to choose your store more often, offer a competitive price. Use special services to determine it; they include not only market monitoring, but also competitor price analysis.
Competitive price for a product is a range of values within which the cost of the product will be the most attractive for customers and the most likely to result in a purchase under current market conditions and competition. This value is within the competitive price corridor. The corridor may be different for different product segments. For example, it could be:
Also, it is necessary to allocate such a metric as optimum price: the price which will bring the seller the maximum profit.
- The median price and values between -10% and +10% of it;
- The median price and values in the range from -5% to +5% of it;
- The minimum price +5-10% from it.
Also, it is necessary to allocate such a metric as optimum price: the price which will bring the seller the maximum profit.
Useful Competitor Pricing Monitoring Resources
We have been collaborating with many famous companies. They have managed to optimize their ecommerce business with the help of our price monitoring tool software.
- Vileda Case: How to Make Transparent Prices for the Entire Range of the CompanyAbout how Vileda, a company that sells innovative cleaning products, monitors prices, and what tasks it solves with the help of the Priceva service. Told by a key account and territorial managers of the Vileda company.
- Abbott Case: How Price Monitoring Helps Sell Products with a Long Planning HorizonLearn how price and availability monitoring helps Abbott Nutrition's division to work effectively in a long planning corridor from an interview with the company's E-commerce Head, Denis Boldyrev.
- Arс case: Minimum Effort, Maximum TransparencyThis case will tell you how the MSRP is monitored in the Consumer Goods division of the ARС company, how the work is done, why it is needed and what results it gives.
- P2Pet Case: Current Low Price as a Sales Growth DriverThe innovative P2Pet project is an ecosystem of services and products for pets, covering all areas of pet care in one project. We will tell you in this case about the project itself and why it needs daily monitoring of prices for more than 4 thousand products.
How to Start
1
Create an account
Enter your name, email address, and main preferences
2
Make a list of products
In XML, Excel or CSV files
3
Upload the products in an account
Publish the products in the communicate
4
Add links to sites
You can add links either on your own or entrust this task to our team
Pricing and Plans
Business
Up to 40 sites/competitors
100 000 — price checks per month
Pro
Matching services available on demand:
/month
$99
/month
$199
Contact us
Enterprise
FREE
Up to 20 sites/competitors
Starter
20 products
- Manual
- Automated
Repricing module
MAP monitor module
/no credit card needed
Matching services available on demand:
- Manual
- Automated
Up to 30 sites/competitors
35 000 — price checks per month
Repricing module
MAP monitor module
MAP monitor module
Premium support
Custom set of features
Custom set of features
Custom contracts & invoicing
High-performance builds with SLAs
Frequently Asked Questions
Price monitoring of ecommerce competitors involves tracking competitors’ prices. It is performed by means of data analysis.
It is special software for price monitoring. It can be used online or offline.
Our company works according to the principle of individual approach to every client. This method allows us to succeed in tasks of any level.
It can be done by means of cloud software. Just enter the competitors’ data and wait for the results. Then look at the price matrix, study the products’ prices, and learn about the profitability of your prices.
The system analyzes all information about third-party competitors. Then this information is processed and represented in the form of tables and charts. Getting analytics of brands and retailers is easy with this special software.
Prices are updated once a day, so information on the dashboard about price and assortment is always relevant and reliable. Our price monitoring tool has the customizable and intuitive interface which will make the task easier.
Competitive pricing is formulating prices based on competitors’ prices. To do this, data analysis is necessary.
Yes, you can. To do it, you should make a relevant request in the search system. Monitoring of these listings will help you to optimize the prices.
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