What Is Competitors Monitoring?
How a real competitors monitoring strategy can help your ecommerce compete with other ecommerce.
Latest Articles
Read our latest articles about price and business intelligence, competitors monitoring, scraping and much more.
Why is it necessary to monitor competitors' prices?
Discover why monitoring competitors' prices is necessary for eCommerce, including optimizing margins and understanding how customers perceive your store, brand, and products. The most efficient way to compare prices is through automated tools like Pricefy, which provides statistics, alerts, and insights for real-time pricing strategy adaptation. When competitors cut prices, evaluate if it's sustainable and if they have access to cheaper suppliers, then conduct research and math to see if you can obtain products at a better price.
Pricefy
April 24, 2022
What Is Business Intelligence?
Business Intelligence (BI) refers to software and services that analyze data and convert it into actionable information that can help business managers make informed decisions. BI technology may be used by executives and managers to analyze data sets and present analytical findings in the form of charts, graphs, summaries, and reports. BI platforms tend to focus on three core types of analytics: descriptive, prescriptive, and predictive. BI aids in searching for, merging, and querying data to reach a good business decision faster than the traditional method. There is a robust list of vendors that offer BI tools. Self-service Business Intelligence (SSBI) involves business systems and data analytics that are provided to end-users to allow them to have access to a firm's information without direct IT figures involvement. The benefits of SSBI are that it is user-friendly, requires no skills, and saves time.
Pricefy
April 24, 2022
Is It Legal To Scrape E-Commerce Websites?
Learn about web scraping, the process of extracting data from one or more websites, and the different methods available to do so. Discover the differences between web scraping and web crawling and the benefits of using scraping bots to automate the process. Find out about the legality of web scraping by examining the recent decision of the U.S. District Court in the HiQ Labs vs. LinkedIn case and exploring the grey areas and nuances of the issue.
Pricefy
April 24, 2022
How to extract prices from eCommerce websites
Learn how to extract prices from eCommerce websites with these tips! Discover multiple ways to scrape competitor prices, including using software or online services like Pricefy, Prisync, and Pricemole. If you prefer software, consider Screaming Frog or the Sitesucker/DataExtractor App combo. And if all else fails, hiring a freelancer may be your best option. Keep in mind that building an eCommerce scraper can be time-consuming, and check out our article on the legality of scraping eCommerce sites.
Pricefy
April 24, 2022
Mastering Product Pricing | An In-Depth Guide for Digital Retailers
This article provides an in-depth guide for digital retailers to optimize their product pricing strategy and maximize profits in the competitive world of e-commerce. It explores essential approaches and tactics, including leveraging analytics and implementing dynamic pricing.
Pricefy
March 29, 2023
Understanding Price Point: The Key to a Successful Pricing Strategy
Discover what is Price Point and the innovative techniques to optimize it for your business, maximizing revenue and staying ahead of competitors while enhancing customer satisfaction.