Before you decide on the pricing of your new consumer packaged goods, you need to discover customers’ willingness to pay and explore market trends. With Priceva price tracker, you can research other products’ performance and predict customers’ behavior in relation to your innovative items.
For example, Priceva’s tracker can show you the number of items in stock, which allows you to make conclusions about the popularity of certain goods among consumers. Similar analysis can be based on price changes: low quotes mean that the product is in low demand, while price growth can be a sign of high demand for an item.
It’s more than just testing prices — you can test different pricing approaches and marketing strategies in order to figure out the most optimal price point. With reliable information at your fingertips, you can successfully launch a product and skim maximum profit throughout its life cycle.