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Competitor
Price Monitoring

Our innovative and simple tools will allow you to:
  • perform efficient scraping
  • monitor competitors’ activities and prices
  • provide an efficient data analysis in order to optimize price formation.

Powerful Features

Price Alerts and Data Analysis Every Day
Our tools will help you to set up alerts for price movement control and prevent price wars.
Convenient data representation
All data is provided in convenient tables and charts and is carefully checked by analysts.
Frequent updating
Our 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 competitors’ pricing.

Basic description

A simple registration 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. You can download the necessary 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.
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.

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.
Studies show that only about a quarter (25.6%) of businesses consider competition when setting their pricing. That's very small, but it's a great opportunity for you to be better than 74.4% of other companies by adding one simple algorithm to your competitive strategy.

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.
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:

  • 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 business with the help of our software.

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
Premium support

Custom set of features
Custom contracts & invoicing
High-performance builds with SLAs
Ready to get started?
Get a free demo project

Frequently Asked Questions

What is price monitoring?
Price monitoring of ecommerce competitors involves tracking competitors’ prices. It is performed by means of data analysis.
What is a price monitoring system?
It is special software for price monitoring. It can be used online or offline.
Why do you need to monitor the market price?
Our company works according to the principle of individual approach to every client. This method allows us to succeed in tasks of any level.
How do I track my competitors?
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.
How do you monitor product 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.
How often are prices updated?
Prices are updated once a day, so information on the dashboard about price and assortment is always relevant and reliable. The customizable and intuitive interface will make the task easier.
What is competitive pricing?
Competitive pricing is formulating prices based on competitors’ prices. To do this, data analysis is necessary.
Can I monitor Google Shopping listings?
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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