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Competitor Monitoring
Competitor price monitoring: The key to devise your winning pricing strategy
94% of customers compare prices while shopping online. So as a web seller, you need to be 100% aware of who you are competing with.
Monitor to Learn
Monitor competitor pricing, monetize your learning.
Understand marketplace competition
Your products are matched accurately with that of your competitors in the marketplace to have access to competitors’ product prices, store ratings and delivery time, KPIs to identify your best performing and least performing products in the race to BuyBox.
Understand global competition
With the help of Market Radar a feature that gives you global vision : study the prices variants which are not from your own online sales channels, find possible marketplaces for you to scale your business
BuyBox Prediction
Marketplaces use a BuyBox algorithm to promote the best offer and accounts for 80% of sales. Get a predictive view to determine what your chances are of winning the buy box for each of your offers and how to improve them by competing against your co-sellers in the marketplace.
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Leroy MerlinFrequently Asked Questions
What is competitor price monitoring and why is it important for my e-commerce business?
Competitor price monitoring is the process of tracking and analyzing the prices and strategies of your competitors to gain insights and make informed decisions about your own pricing and business strategies. It is important for e-commerce businesses as it allows them to stay competitive and make adjustments to their own pricing, inventory, and marketing strategies in order to boost sales and improve profits.
How can Boostmyshop myPricing help me monitor my competition and devise a winning pricing strategy?
Boostmyshop myPricing is a dynamic pricing tool that helps e-commerce businesses monitor their competition and devise a winning pricing strategy. The tool allows businesses to track and analyze the prices of their competitors across multiple sales channels, providing valuable insights into market trends and pricing strategies. This information can be used to make informed decisions about pricing, inventory, and marketing strategies.
What kind of information can I learn about my competition using Boostmyshop myPricing?
With Boostmyshop myPricing, businesses can learn about their competitors’ product prices, store ratings, and delivery times on marketplaces. Additionally, it also provides key performance indicators (KPIs) to identify their best and least performing products, as well as predict their chances of winning the buy box and improve their sales performance
How does Boostmyshop myPricing match my products with those of my competitors in the marketplace?
Boostmyshop myPricing uses advanced algorithms to match your products with those of your competitors on marketplaces, providing you with accurate information about your competition.
How can I use the information about my competitors to improve my own business?
Businesses can use the information provided by Boostmyshop myPricing to improve their own business by adjusting prices, optimizing inventory, and devising new marketing strategies. Additionally, it also helps businesses to renegotiate with logistics providers to improve delivery times and cut costs
How can Boostmyshop myPricing help me understand the global online market and identify potential opportunities for scaling my business?
Boostmyshop myPricing also provides a feature called Market Radar which gives businesses a global vision of the online market, allowing them to study prices variants not from their own online sales channels and find potential marketplaces to scale their business.
What is the BuyBox algorithm and why is it important for my e-commerce business?
The BuyBox algorithm is used by marketplaces to promote the best offer and accounts for 80% of sales
How can Boostmyshop myPricing help me predict my chances of winning the BuyBox and improve my performance?
Boostmyshop myPricing provides a predictive view to determine a business’s chances of winning the buy box and how to improve them by competing against other sellers in the marketplace
How can I use the key performance indicators provided by Boostmyshop myPricing to improve my prices, e-store performance and shipping time?
With the help of Boostmyshop myPricing’s provided key performance indicators (KPIs), businesses can deploy a corrective plan to improve their potential and understand and optimize their business growth
What is Market Radar and how can it help me gain a global perspective on the online market?
Market Radar is a feature of Boostmyshop myPricing that helps businesses gain a global perspective on the online market. It allows businesses to study the prices and market trends of products across multiple sales channels and marketplaces, giving them a broader understanding of the competitive landscape and potential opportunities for growth. With Market Radar, businesses can identify new marketplaces to expand their sales, as well as track the prices and performance of their own products on different platforms. This feature also enables businesses to compare their own prices and product performance against that of their competitors, helping them to make informed decisions about pricing, inventory management, and marketing strategies. By using Market Radar, businesses can make data-driven decisions to improve their overall performance and increase their global reach.
How can Boostmyshop myPricing help me renegotiate with logistics providers to improve my delivery times and cut costs?
Boostmyshop myPricing can help businesses renegotiate with logistics providers by providing detailed performance data on shipping times and delivery rates. The tool’s competitor monitoring feature allows businesses to track the delivery times of their competitors, which can be used to negotiate better deals with logistics providers. By identifying areas where their own delivery times may be lagging behind the competition, businesses can work with logistics providers to find ways to improve their performance and reduce costs
What is the benefit of using Boostmyshop myPricing over other competitor monitoring tools on the market?
Boostmyshop myPricing offers several unique benefits over other competitor monitoring tools on the market. One of the key advantages of Boostmyshop myPricing is its breadth and depth of functionality, which allows businesses to gain a comprehensive understanding of the competitive landscape and make data-driven decisions to improve their performance. The tool’s competitor monitoring feature provides detailed information on product prices, store ratings, and delivery times across multiple sales channels and marketplaces, allowing businesses to identify opportunities for growth and improvement.Boostmyshop myPricing also offers a user-friendly interface that makes it easy for businesses to access the data they need and make informed decisions. The tool offers a variety of features like Market Radar, Buybox Prediction and KPI Dashboard that are designed to help businesses easily analyze and optimize their performance, making it a powerful and versatile tool that can help businesses of all sizes to improve their online sales and competitiveness
Can Boostmyshop myPricing be customized to my specific business needs?
Boostmyshop myPricing team of experts can provide dedicated support and custom developments to ensure that the solution fully meets the needs of your business.
How can I try Boostmyshop myPricing for free and see if it’s the right fit for my business?
Boostmyshop myPricing offers a free trial for the first 15 days, allowing businesses to explore the tool and see how it can help improve their performance. Additionally, businesses can also book a demo to see a personalized demonstration of the tool and its features.
Free trial for the next 15 days.
Connect your sales channels easy, import product catalogue fast, follow our advice and you will be ready to reprice in just 10 minutes.
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