Information on your competitors’ prices becomes crucial when checking your own position and performance in the market. Price monitoring is an indispensable tool to keep abreast with prices and make the right pricing decisions that will allow you to stay ahead of competition.GET YOUR DEMO
Global market vision
netRivals software gathers data on each one of your competitors’ prices in an automated way. Each of your competitors’ sites is scanned on a daily basis so that you can check real and updated information for each of the products in which you compete in the market.
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.
Competitors’ price evolution
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.