The biggest passion of every company's owner is increasing revenue with maximum profitability. One of the best ways to increase company revenue is using the optimal pricing strategy. However, setting prices optimally can be quite difficult in different local market environments. Let's assume that your company...
A successful business is based on one simple concept: trust. However; it is an unavoidable fact that earning this trust is not so easy. Especially, earning this trust as an online merchant is a big deal. The importance of trust If you ask any salesperson if there is any weapon more powerful from pricing, most...
The importance of using the right pricing strategy has been accepted by many companies. A 1-percent price increase or decrease will influence the results in terms of profit. Therefore, thousands of pricing decisions are made by different companies in every year - in order to...
With lots of players on the market and new ones popping out almost on a weekly basic, it is getting harder and harder to keep up. The increasing number of competitors is bringing millions of questions to a retailer's mind - How to stay afloat against...
Over the last 2 decades, well-managed companies realized the significant role of pricing. The right pricing strategy is the fastest and most effective weapon for managers in order to increase profits and drive company performance. A pricing process can be difficult, especially in such a competitive...
Automated repricing is a very appealing feature to many online merchants. It is attractive and popular among retailers because it seemingly makes price change process fully automated. However, behind that appeal there is a big controversy, and we'll try to shed some light on it...
The current market is very complex and dealers come up with many creative ways to lower their prices and increase their turnover. One of the more popular tricks is giving free shipping for their items instead of lowering prices (which would violate the minimal prices (MAP) agreed with...
Price2Spy clients who operate on several markets (quite often involving different currencies) will sooner or later face an important crossroad, which is illustrated in a simple question What is the best way to monitor a particular product across several markets / countries / currencies? In essence, we...
In over 4 years we've been in business, the philosophy of Price2Spy was 'We provide you with competitor pricing data, you make business decisions yourself'. Today we're introducing a brand new feature - Pricing Strategy - which could mark the first step in a direction of...
With ever-growing market competitiveness (mostly due to young, emerging online stores who try to make their way with cheap pricing, with extremely low margins) we have noticed a new phenomenon - prices going down on Friday evening, and up again on Monday early AM. During our...