The platform displays the prices you have set for all the items in your catalog and benchmarks those against your competitors’.
The price monitoring results are expressed in the form of figures, percentages and color code that help you detect at glance whether your prices are below, above or equal to competitors in each one of your products.
By price monitoring you get the chance to see into more detail the evolution of prices in each one of your competitors and how that compares to your own price evolution throughout any given period of time.
This sort of information can help you acquire a better grasp about your competitors’ pricing strategies allowing you to detect patterns and trends in their pricing. You can then employ these useful insights to make better informed and more effective pricing decisions that will lead to higher revenue and ROI.
Just by giving us a product identification code such as the EAN or the MPN, you will be able to see all the sellers that have your product in their catalog and the evolution of their prices.
Thanks to this functionality you can see which are the competitors that are entering price wars in your competitive landscape.
Price comparators are marketing tools that quickly increase the income of many eCommerce businesses. The best known examples are Google Shopping, Idealo and Preis.
Get to know the sellers that currently market your products in the price comparator, at what prices they are selling them and the history of price changes for these products.
You can break data on your competitors down into more specific charts that will help you determine how competitive your store is regarding the state of the market. On the one hand, you get the chance to compare the prices of your whole catalog with the complete list of competitors you are tracking, obtaining a global vision on your store performance. On the other hand, you can select specific competitors and check how you compete with them in specific products, like the ones belonging to a specific brand.
Netrivals gathers product data in an automated way. Sites are scanned multiple times per day,
so that you can check real and updated product information in the online market.
Netrivals system scans multiples sites (direct web, Google Shopping, Marketplaces, etc.)
Data collected has to do with all kinds of product attributes (images, stock, etc.) that go beyond pricing.
Data collected is used within BI dashboards and multiple other types of analytics.
Supported E-commerce Platforms
Netrivals integration with e-commerce platforms is a seamless process. Price changes are sent speeding up your reaction capacity and helping you define a more dynamic pricing strategy.