Without profit, you would have no retail business. As well have offering the products your customers want, you need to offer prices that are unbeatable by others in the market.
Consumers want products that suit their needs. If you offer prices that are unbeatable by the competition, they will keep coming back for more. In order to offer your customers what they want, you need to know the current market and what your competitors are doing. For business owners trying to do this manually, they will be left with very little time to source new lines, manage marketing campaigns and offer great customer care.
Hiring the services of competitor price monitoring experts makes perfect sense in today’s market: they know what you want and need before you know yourself much of the time. Pricing professionals have built up invaluable knowledge on what to look for in pricing and how to bring you the competitor data you really need. You can make informed decisions on what you need to do to improve your prices.
Armed with this knowledge, business owners can make informed decisions on where they need to improve their pricing. Knowing the prices you need to beat will give you an strong advantage over others. With the help of competitor pricing intelligence, you can change the way you are doing business, stay ahead of the competition and increase your profits.
Offering the most competitive prices will give you the upper hand when shoppers are deciding what to buy: they want to deal with companies that offer items and prices incomparable to others, which is what a pricing intelligence service brings you.
© Profitero 2012
About Profitero
Pricing intelligence company Profitero provides retailers with actionable price intelligence data, monitoring over 50 million products across 4,000 eCommerce retailers every day, observing pricing, promotions and stock availability. We work with the world’s leading retailers, enabling them to acquire new customers and grow profit margins by monitoring and responding to changes in competitor pricing and promotional activity as they happen. For more information on Profitero price intelligence and competitor monitoring, visit www.profitero.com or email sales@profitero.com
