Monitoring the price changes of your competitors is necessary. Many online stores are born selling your products or similar ones, and the existing ones are trying to lead the market.

When you keep track of the price changes of your competitors, you optimize your pricing strategy. The strategy that helps you to define the correct price of a product in a specific period.

Just think about this, successful online businesses are tracking their competitors to adjust prices as needed ensuring with this action repetitive sales and not being left behind, so why don’t you do the same? Maybe your competitors are watching you already and know every step you take, so be ahead of them!

PriceTweakers Price Changes Feature

We know the importance of monitoring the price changes of your competitors. We have news for you. A feature that allows you to get reports about price changes of each matching product of your competitors. Monitoring the price changes of your competitors permits you to adjust the prices of your products.

The information is classified into competitor name, product name, and the price difference with the exact date and time of the adjustment. Furthermore, you can see a green arrow or a red arrow depending if the price went up or down.

With this feature, you can filter on competitors, groups, brands, or categories. On top of that, you can filter the information for a certain period, on a specific day, last two days, last week, last two weeks, previous 30 days, and so on, and the results are exportable to Excel.

Keeping track of the price changes of your competitors gives you control over your pricing strategy. Also, it positively impacts your profits as well as allows you to save costs. What are you waiting for? Start watching the pricing strategy of your competitors and make decisions on whether to lower or raise your prices.

Are you ready to boost your sales, increase your margin and grow your business? Start using PriceTweakers!

By Stephan Stein

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