How can you get daily updated prices on rival sporting goods stores?

As a sporting goods business owner you need to have a comprehensive picture of both your vertical and your competitors, as doing so will give you valuable knowledge with which you can apply better prices and be more competitive. Among the actions you have to take to achieve the necessary information about your competitors is

Find out how you compete in products sold in packs of different units

The best way to implement an effective pricing strategy for your products is to investigate the market and the competition. Generally, when comparing products, the same item reference code is used and the price set for those products is compared. So far easy, isn’t it? But in some cases you may be tracking products that

Do product variants affect prices in the sporting goods industry?

One of the most important factors in a consumer’s choice of product is price. It is quite normal to see a customer leave the shopping cart at the last minute because he or she had not noticed that such a cheap product was actually for children. Product variants are necessary elements to have a greater

How are competing online sports stores pricing their products?

Athletes are the great references for the 21st century society. Every child wants to be Messi, LeBron James, Naomi Osaka or Megan Rapinoe. The sports goods industry is aware of the influence that athletes, converted into continuous advertising spaces and core of the brands’ marketing strategies thanks to media exposure and social networks, can have

How Price Points can help you maximize profits

Price points are the competitive value of the products resulting from the study of supply and demand behaviour. The price points then represent the amount of goods you would sell at price x. This can be displayed in a graph like the one shown below. In order to get competitive prices for your products, you

What is competitor-based pricing?

As the name suggests, competition-based pricing is a pricing strategy in which a company sets the price for its products after observing the competition. However, this strategy does not cover initial costs and only takes into account the selling price of the rivals’ products. To set the price of a product according to the price

How much does dynamic pricing software cost

There are no absolute terms to set Dynamic Pricing cost, as it will change according to the needs and characteristics of your business, such as the number of markets you want to control, the size of your company or the number of products to be analyzed. The willingness to pay will vary according to the

How much does price monitoring software cost

The cost of price monitoring is a variable attribute, as it will change according to the needs and characteristics of your company. Gathering all the information about competitors’ products (price, stock availability, etc.) manually is impossible, it would mean a huge expense in human and economic resources for your business, that is why there are

Automatic price monitoring

In order to get a global picture of the market in which you operate, it is necessary to do a price tracking of the competition in those similar and/or identical products that both you and your rivals offer. Monitoring the prices of your rivals manually means a great investment of time and money, since tracking

How to set the prices of an e-commerce

One of the most complicated tasks in business is to set a sales value for your products. Monitoring prices of similar items is an important step towards establishing an optimal pricing strategy. There are several factors when determining a price, these can be internal such as the cost of the product or external as the