Dynamic pricing or price intelligence is based upon the decisions of a brand or a company related to the interests on product and competitors. Creating a strategy based upon price intelligence practices, we should take the product range and competitor prices in count. Price intelligence helps us to build a better sales strategy for e-commerce success. To build up a better e-commerce business, we have to understand the prices, products, e-catalogues and competitor decisions. Having the information of our competitors’ price range, we can build up a better dynamic pricing.

There are two possible ways to build up a better sales strategy by using dynamic pricing. These are:

• Being the cheapest option no matter what.
• Being cheaper/more expensive option in relation to our competitors

The first strategy of “being the cheapest option” may be damaging for the long run. Businesses which would like to have a better sales strategy should know when to make sales for their product to keep up with good prices in the market.

However, being cheaper or more expensive option in relation to the competitors could bring good amount of success in terms of e-commerce. Building a hybrid strategy with the elasticity of prices, businesses can sale in the right time and in the right price points. This strategy requires one simple task which is the understanding dynamic pricing.

How can we build up dynamic pricing?

Having an easy dynamic pricing or price intelligence process, we can utilize a price intelligence tool like PricRrest. PriceRest provides information related to prices of our competitors and product range. Keeping updated information of our competitors in the market that we would like to sale can bring a difference.

Join us today to learn more about dynamic pricing advantages.

To have a better understanding of e-commerce for success, join today!

And see What PriceRest can do for you.

PriceRest, provides creative price monitoring & repricing solutions to e-commerce companies all around the world.

We create intelligence algorithms that get competitor prices, price suggestions and competitor suggestions instantly.
We crawl about 10 million web pages each day by using our own infrastructure.
We are struggling with Big Data every day to deliver the collected data via dashboards, email notifications and reports.

With PriceRest, you will gain great power of knowledge and be able to shape your business strategy for e-commerce.

PriceRest makes monitoring competitor prices and getting price suggestions extremely easy.

You can easily start to use the PriceRest with just providing us the URL that refers to your product list and your competitors’ websites that you want to track. After providing that information you can immediately begin to monitor your competitors.

Competitor Suggestion

You are effortlessly able to match your products to your competitors’ product with our competitor suggestion and matching module.

PriceRest provides information related to price changes for certain products and it will give you the chance to create a better sale analysis and strategy. With Dynamic Pricing and API features, you will know when to change your own prices to compete with others.

MAP Monitoring

To monitor the sales points of our retailers to see if they fall under the MAP or MSRP policies, we can utilize an advanced Price Intelligence Tool as PriceRest. PriceRest provides the detailed information related to the price points of the different retailers. If a manufacturer can see and analyze the information related to its retailers, then it also can monitor the application of MAP or MSRP policies as well.

Manufacturer’s suggested retail price is known as the price which is suggested by the producers. It is also known as the list price. Monitoring a MAP which is suggested by the producer can be crucial for sales strategy. MAP Monitoring Software can be effective to see the actual prices which are determined for a product. Having that kind of an information may help the seller to provide a better sales strategy without falling into the mistake of changing prices in the wrong way.

Notifications & Stock Monitoring

With the daily and instant notifications, you can keep up with competitor price changes and re-evaluate your own prices accordingly. Besides, our Stock Monitoring feature helps you know your competitors’ sales volume on a daily basis.

With the advantage of knowing who is selling in what price, stock and sales volume, you will excel in the e-commerce game.

Serving 35 Countries, Proudly & Globally

We are proud to serve e-commerce firms in Turkey and friendly countries’ Price & MAP Monitoring needs with our great portfolio of software, Price Monitoring and MAP Monitoring Software.

In case of a requirement that may not be met by the existing features of PriceRest, it is possible that our partners would form a team to fulfill such a requirement. Should any need arises in this scope, PriceRest is the right address to get in contact.

To have a better understanding of e-commerce for success, join today!

And see What PriceRest can do for you.

Repricing can be made after the analysis and calculation of competitor companies‘ prices for one specific product. Applying dynamic pricing techniques for this specific product can create more sales number in the competition. Pricing algorithm of PriceRest provides people to see when it is the right time to make a change in the prices. With this analytic move, we can achieve an advantage for e-commerce competition.

In highly competitive markets or e-commerce sectors, to keep up with the prices and to make necessary changes in the prices can be crucial to hold the client. Clients have the tendency to choose the cheapest option for their budget. And therefore keeping the prices in a right range can be crucial for e-commerce market.

Price Monitoring can be named as the number one action for gathering information related to competitors’ prices. After this crucial point, the next important thing will be the knowing when to take action for price changes since because it will always provide a better strategy for sales. Utilizing the necessary information related to competitors’ prices, we can build up our sale strategies. And to apply an intelligent dynamic prices, we can always use an intelligent pricing tool like PriceRest.