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PRICE2SPY®
Price2Spy is a competitor price monitoring, MAP monitoring, Dynamic Pricing, and Repricing tool. Use it to create the best pricing strategy and get ahead of your competitors. PRICE2SPY - COMPETITOR PRICE MONITORING Welcome to Price2Spy. Online price monitoring, comparison and repricing tool for all sizes of online retailers, manufactures/brandsand distributors
WHAT IS PRICE SKIMMING: DEFINITION & EXAMPLES : PRICE2SPY What is meant by price skimming is that the company is “skimming” customer segments by lowering the price over time. Price skimming is also called skim pricing. This pricing strategy is mostly used by companies that develop new products, so at the launch moment, there is almost no competition and therefore no pricing pressure. COMPETITIVE PRICING: DEFINITION, EXAMPLES AND MORE Competitive pricing definition. Competitive pricing or competition based pricing is a pricing strategy where you take into account the prices of your competitors when setting your products’ prices. This pricing method is usually used for homogenous products in highly competitive markets and can be also referred to as market-orientedpricing,
6 PSYCHOLOGICAL PRICING STRATEGIES WITH EXAMPLESSEE MORE ONPRICE2SPY.COM
BUNDLE PRICING: BENEFITS FOR ONLINE RETAILERS : PRICE2SPY Bundle pricing implies retailers defining a set of products or services and then selling them for a price which is lower than the price if the products were sold separately. It’s a common feature in many businesses because most of them are multi-product or multi-service companies faced with making the decision whether to sellgoods separately
FACTORS BEHIND CONSUMER BEHAVIOR OF ONLINE CUSTOMERS Therefore, we can determine four psychological factors that influence consumer behavior: motivation, perception, learning, and belief system. Motivation triggers internal customer needs. Figuring out how to motivate them to recognize some need and to take some action into fulfilling it is the first step. Perception is also a very importantfactor.
BUNDLE PRICING STRATEGY: ADVANTAGES AND DISADVANTAGESSEE MORE ONPRICE2SPY.COM
MCOMMERCE: HOW MOBILE COMMERCE IS CHANGING THE WAY WE DO The term “mCommerce” was coined by Kevin Duffey, the CEO of the Global Mobile Commerce Forum, in November 1997. A year later, in 1998, in Finland, mobile ringtones were the first products sold over mobile devices. Since then, it took only two years for mCommerce to become a worldwide famous trend. Nowadays, this concept becomes a necessity. IMPORTANCE OF BIG DATA IN THE RETAIL INDUSTRY : PRICE2SPY Big Data is described by the following three characteristics (aka 3 Vs of big data): Volume – the quantity of available data; Variety – different types of data; Velocity – the speed of data processing. This concept is very important for the retail industry (both online and traditional, brick-and-mortar one). Whenever a customer buysPRICE2SPY®
Price2Spy is a competitor price monitoring, MAP monitoring, Dynamic Pricing, and Repricing tool. Use it to create the best pricing strategy and get ahead of your competitors. PRICE2SPY - COMPETITOR PRICE MONITORING Welcome to Price2Spy. Online price monitoring, comparison and repricing tool for all sizes of online retailers, manufactures/brandsand distributors
WHAT IS PRICE SKIMMING: DEFINITION & EXAMPLES : PRICE2SPY What is meant by price skimming is that the company is “skimming” customer segments by lowering the price over time. Price skimming is also called skim pricing. This pricing strategy is mostly used by companies that develop new products, so at the launch moment, there is almost no competition and therefore no pricing pressure. COMPETITIVE PRICING: DEFINITION, EXAMPLES AND MORE Competitive pricing definition. Competitive pricing or competition based pricing is a pricing strategy where you take into account the prices of your competitors when setting your products’ prices. This pricing method is usually used for homogenous products in highly competitive markets and can be also referred to as market-orientedpricing,
6 PSYCHOLOGICAL PRICING STRATEGIES WITH EXAMPLESSEE MORE ONPRICE2SPY.COM
BUNDLE PRICING: BENEFITS FOR ONLINE RETAILERS : PRICE2SPY Bundle pricing implies retailers defining a set of products or services and then selling them for a price which is lower than the price if the products were sold separately. It’s a common feature in many businesses because most of them are multi-product or multi-service companies faced with making the decision whether to sellgoods separately
FACTORS BEHIND CONSUMER BEHAVIOR OF ONLINE CUSTOMERS Therefore, we can determine four psychological factors that influence consumer behavior: motivation, perception, learning, and belief system. Motivation triggers internal customer needs. Figuring out how to motivate them to recognize some need and to take some action into fulfilling it is the first step. Perception is also a very importantfactor.
BUNDLE PRICING STRATEGY: ADVANTAGES AND DISADVANTAGESSEE MORE ONPRICE2SPY.COM
MCOMMERCE: HOW MOBILE COMMERCE IS CHANGING THE WAY WE DO The term “mCommerce” was coined by Kevin Duffey, the CEO of the Global Mobile Commerce Forum, in November 1997. A year later, in 1998, in Finland, mobile ringtones were the first products sold over mobile devices. Since then, it took only two years for mCommerce to become a worldwide famous trend. Nowadays, this concept becomes a necessity. IMPORTANCE OF BIG DATA IN THE RETAIL INDUSTRY : PRICE2SPY Big Data is described by the following three characteristics (aka 3 Vs of big data): Volume – the quantity of available data; Variety – different types of data; Velocity – the speed of data processing. This concept is very important for the retail industry (both online and traditional, brick-and-mortar one). Whenever a customer buysPRESTIGE PRICING
About Price2Spy Price2Spy is an online service that provides comprehensive and suitable solutions for eCommerce professionals including; retailers, brands/manufacturers and distributors in order to stay profitable in the current competitive market conditions. DATA-DRIVEN DECISION MAKING Netflix has gone from 33 million global subscribers before ‘House of Cards’ to 125 million.This is an incredible effect for one show to have on a network. Netflix won’t even consider producing a show before they’ve checked the data.SITE OPERATIONS #7
On the other hand, some of the websites Price2Spy has already been monitoring are also complex. Here is the list of high complexity websites where our team needed to perform Price2Spy adaptations in thelast 14 days:
PRICE SENSITIVITY: ALL YOU SHOULD KNOW : PRICE2SPY® BLOG Reading Time: 7 minutes How do you set a price for your products? Deciding on what to charge for a product or a service is a step that many CEOs don’t take seriously enough, and instead of taking a few different factors and a lot of data into consideration, they simply rely on their experience and senses when they set the price. PRICE2SPY - COMPETITOR PRICE MONITORING Welcome to Price2Spy. Online price monitoring, comparison and repricing tool for all sizes of online retailers, manufactures/brandsand distributors.
PRICE2SPY'S TEAM-BUILDING: GATHERING AFTER MORE THAN A Price2Spy’s team-building: gathering after more than a year. Like everyone else, our team has spent the past year working from home. In the beginning, it wasn’t so bad (be honest, you all like to sleep a little longer) But over time, we began to miss our old routine, and of course the colleagues. DYNAMIC PRICING METHOD: ADVANTAGES AND DISADVANTAGES 2. Gathering more insights into customer behaviors. The dynamic pricing method won’t only help you with knowing your competition better. It will help you to become more aware of who your customers are and how they purchase. With it, the demand DYNAMIC PRICING: BENEFITS, STRATEGIES AND EXAMPLES Dynamic pricing is also referred to as surge pricing, demand pricing, or time-based pricing. This is a pricing strategy in which businesses can set flexible prices based on current market demands. To put it more simply, this is a strategy in which product prices continuously adjust. It may be in a matter of minutes, hours or days, depending on PRICE COMPARISON METHODS: TOTAL BASKET VALUE VS. PRICE Reading Time: 4 minutes Price comparison has been a topic of interest for economists for hundreds of years. Although numerous methods have emerged over time, it is still impossible to point one out as universal and the best. The appearance of price monitoring tools has made the choice even bigger. Two price comparison methods stood out though: Total basket value and Price index. IMPORTANCE OF BIG DATA IN THE RETAIL INDUSTRY : PRICE2SPY Big Data is described by the following three characteristics (aka 3 Vs of big data): Volume – the quantity of available data; Variety – different types of data; Velocity – the speed of data processing. This concept is very important for the retail industry (both online and traditional, brick-and-mortar one). Whenever a customer buysPRICE2SPY®
Price2Spy is a competitor price monitoring, MAP monitoring, Dynamic Pricing, and Repricing tool. Use it to create the best pricing strategy and get ahead of your competitors. PRICE2SPY - COMPETITOR PRICE MONITORING Welcome to Price2Spy. Online price monitoring, comparison and repricing tool for all sizes of online retailers, manufactures/brandsand distributors
COMPETITIVE PRICING: DEFINITION, EXAMPLES AND MORE Competitive pricing definition. Competitive pricing or competition based pricing is a pricing strategy where you take into account the prices of your competitors when setting your products’ prices. This pricing method is usually used for homogenous products in highly competitive markets and can be also referred to as market-orientedpricing,
WHAT IS PRICE SKIMMING: DEFINITION & EXAMPLES : PRICE2SPY What is meant by price skimming is that the company is “skimming” customer segments by lowering the price over time. Price skimming is also called skim pricing. This pricing strategy is mostly used by companies that develop new products, so at the launch moment, there is almost no competition and therefore no pricing pressure. 6 PSYCHOLOGICAL PRICING STRATEGIES WITH EXAMPLESSEE MORE ONPRICE2SPY.COM
PRODUCT PRICING: WHICH FACTORS TO CONSIDER? : PRICE2SPY® BLOG 2. Know your Costs. Product pricing comes after you learn everything about the costs of running your business. The first thing that you need to think of when developing a pricing strategy is the following: You must cover your costs and then consider the profit. To be more precise; let’s split costs under two headings: FACTORS BEHIND CONSUMER BEHAVIOR OF ONLINE CUSTOMERS Therefore, we can determine four psychological factors that influence consumer behavior: motivation, perception, learning, and belief system. Motivation triggers internal customer needs. Figuring out how to motivate them to recognize some need and to take some action into fulfilling it is the first step. Perception is also a very importantfactor.
BUNDLE PRICING STRATEGY: ADVANTAGES AND DISADVANTAGESSEE MORE ONPRICE2SPY.COM
MCOMMERCE: HOW MOBILE COMMERCE IS CHANGING THE WAY WE DO The term “mCommerce” was coined by Kevin Duffey, the CEO of the Global Mobile Commerce Forum, in November 1997. A year later, in 1998, in Finland, mobile ringtones were the first products sold over mobile devices. Since then, it took only two years for mCommerce to become a worldwide famous trend. Nowadays, this concept becomes a necessity. PRICE2SPY ADMINTRANSLATE THIS PAGEPrice2Spy Admin
PRICE2SPY®
Price2Spy is a competitor price monitoring, MAP monitoring, Dynamic Pricing, and Repricing tool. Use it to create the best pricing strategy and get ahead of your competitors.PRESTIGE PRICING
About Price2Spy Price2Spy is an online service that provides comprehensive and suitable solutions for eCommerce professionals including; retailers, brands/manufacturers and distributors in order to stay profitable in the current competitive market conditions. PRICE2SPY - COMPETITOR PRICE MONITORING Welcome to Price2Spy. Online price monitoring, comparison and repricing tool for all sizes of online retailers, manufactures/brandsand distributors
COMPETITIVE PRICING: DEFINITION, EXAMPLES AND MORE Competitive pricing definition. Competitive pricing or competition based pricing is a pricing strategy where you take into account the prices of your competitors when setting your products’ prices. This pricing method is usually used for homogenous products in highly competitive markets and can be also referred to as market-orientedpricing,
WHAT IS PRICE SKIMMING: DEFINITION & EXAMPLES : PRICE2SPY What is meant by price skimming is that the company is “skimming” customer segments by lowering the price over time. Price skimming is also called skim pricing. This pricing strategy is mostly used by companies that develop new products, so at the launch moment, there is almost no competition and therefore no pricing pressure. 6 PSYCHOLOGICAL PRICING STRATEGIES WITH EXAMPLESSEE MORE ONPRICE2SPY.COM
PRODUCT PRICING: WHICH FACTORS TO CONSIDER? : PRICE2SPY® BLOG 2. Know your Costs. Product pricing comes after you learn everything about the costs of running your business. The first thing that you need to think of when developing a pricing strategy is the following: You must cover your costs and then consider the profit. To be more precise; let’s split costs under two headings: FACTORS BEHIND CONSUMER BEHAVIOR OF ONLINE CUSTOMERS Therefore, we can determine four psychological factors that influence consumer behavior: motivation, perception, learning, and belief system. Motivation triggers internal customer needs. Figuring out how to motivate them to recognize some need and to take some action into fulfilling it is the first step. Perception is also a very importantfactor.
MCOMMERCE: HOW MOBILE COMMERCE IS CHANGING THE WAY WE DO The term “mCommerce” was coined by Kevin Duffey, the CEO of the Global Mobile Commerce Forum, in November 1997. A year later, in 1998, in Finland, mobile ringtones were the first products sold over mobile devices. Since then, it took only two years for mCommerce to become a worldwide famous trend. Nowadays, this concept becomes a necessity. PRICE2SPY ADMINTRANSLATE THIS PAGEPrice2Spy Admin
DATA-DRIVEN DECISION MAKING Netflix has gone from 33 million global subscribers before ‘House of Cards’ to 125 million.This is an incredible effect for one show to have on a network. Netflix won’t even consider producing a show before they’ve checked the data. HOW TO CREATE AN EFFECTIVE MULTI-CHANNEL RETAILING Reading Time: 5 minutes To succeed in today’s fiercely competitive marketplaces, companies need to explore every opportunity. Multi-channel retailing strategies are a prime example of this, and they’re here to stay. PROMOTIONAL PRICING: DEFINITION, EXAMPLES AND One of the most popular solutions is promotional pricing. Promotional pricing is a popular pricing method that includes temporarily reducing the product prices to achieve higher demand and drive more sales. You might think that this pricing method is pretty self-explanatory since promotion can be a synonym for lower prices. PRICE2SPY'S TEAM-BUILDING: GATHERING AFTER MORE THAN A Price2Spy’s team-building: gathering after more than a year. Like everyone else, our team has spent the past year working from home. In the beginning, it wasn’t so bad (be honest, you all like to sleep a little longer) But over time, we began to miss our old routine, and of course the colleagues. BUNDLE PRICING: BENEFITS FOR ONLINE RETAILERS : PRICE2SPY Bundle pricing implies retailers defining a set of products or services and then selling them for a price which is lower than the price if the products were sold separately. It’s a common feature in many businesses because most of them are multi-product or multi-service companies faced with making the decision whether to sellgoods separately
DYNAMIC PRICING: BENEFITS, STRATEGIES AND EXAMPLES Dynamic pricing is also referred to as surge pricing, demand pricing, or time-based pricing. This is a pricing strategy in which businesses can set flexible prices based on current market demands. To put it more simply, this is a strategy in which product prices continuously adjust. It may be in a matter of minutes, hours or days, depending on STEFAN RANCIC, AUTHOR AT PRICE2SPY® BLOG : PRICE2SPY® BLOG 8 January 2021 - 11:48, by Stefan Rancic, in Price2Spy announcements, No comments. Websites are often trying to avoid being price monitored. This was the case with dicksmith.com.au. After trying out all standard price monitoring techniques we didn’t get the wanted results so we resorted to our strongest weapon – Stealth IP. PRICE2SPY - COMPETITOR PRICE MONITORING Once the form is submitted, we’ll get in touch with you. Want to speak with us right now? Call any of the following numbers: (Serbia): +381 11 34 23 464 (9 AM – 6:30 PM CET) (Netherlands): +31 23 7633 760 (9 AM – 1 PM CET) (United States): +1 631 333 5592 (3 AM – 12:30 PM EST) Fields marked with * IMPORTANCE OF BIG DATA IN THE RETAIL INDUSTRY : PRICE2SPY Big Data is described by the following three characteristics (aka 3 Vs of big data): Volume – the quantity of available data; Variety – different types of data; Velocity – the speed of data processing. This concept is very important for the retail industry (both online and traditional, brick-and-mortar one). Whenever a customer buys PRICE2SPY ADMINTRANSLATE THIS PAGEPrice2Spy Admin
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We help you succeed! We help you prepare. We help you succeed. Like we did with hundreds and hundreds of clients. Sign up (free 30-day trial)MAIN FEATURES
Price Comparison
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When the price changes you'll be the first to know Reporting & Price Analytics Analyzing historical data will help you prepare for the futureSmart Spidering
Not all sites want to be monitored. Price2Spy knows the way around.BEST PRACTICES
There are so many different ways you can use Price2Spy for your day-to-day operations. Here are some basic hints:*
PRICE MATRIX REPORT
Just a few clicks and you'll know who's at low and who's at high endof the market
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WHO RAN OUT OF STOCK AND WHEN Pricing dashboard will show you most recent price and stock changesand so much more
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ALERTING MECHANISMS
Instant or daily price change alerts help you react swiftly andeffectively
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PRICE COMPARISON AT A GLANCE Who tends to be cheaper? For all brands or just some of them?*
IDENTIFYING PRICING OPPORTUNITIES Which products are underpriced? Which products can go lower, but still be within the desired profit margin?*
PRODUCT HISTORY CHART See how each competitor changed the prices over time*
PRICE MATRIX REPORT
Just a few clicks and you'll know who's at low and who's at high endof the market
*
WHO RAN OUT OF STOCK AND WHEN Pricing dashboard will show you most recent price and stock changesand so much more
*
ALERTING MECHANISMS
Instant or daily price change alerts help you react swiftly andeffectively
*
PRICE COMPARISON AT A GLANCE Who tends to be cheaper? For all brands or just some of them?*
IDENTIFYING PRICING OPPORTUNITIES Which products are underpriced? Which products can go lower, but still be within the desired profit margin?*
PRODUCT HISTORY CHART See how each competitor changed the prices over timeABOUT PRICE2SPY
Price2Spy is an online monitoring tool, designed by eCommerce professionals - for eCommerce professionals. Formally, it's a part of WEBCentric d.o.o. - a Serbian software / eCommerce company, currently employing over 75 young enthusiastic people. Working in such a competitive market, we have learned that we need to listen to our clients and their ideas - it's what helps us build a better tool. That's where most of new Price2Spy features are comingfrom.
* Conceived in 2010, launched in 2011 * Over 600 clients, of all sizes, from all sorts of industries, fromall over the world
* New features added on a regular basis Monitored sites 61901RECENT BLOG POSTS
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What is Minimal Advertised Price (MAP) and why is it so important?05-Sep, 2019
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Price2Spy launches Assortment Monitor for Music Industry02-Sep, 2019
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What is Competitor Analysis and How to Perform It?29-Aug, 2019
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Scheduled downtime on Sunday August 25th23-Aug, 2019
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mCommerce: How mobile commerce is changing the way we do business21-Aug, 2019
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Dynamic Pricing Explained: Benefits, Strategies and Examples15-Aug, 2019
(SOME OF) OUR CLIENTS This is just a short glimpse into the list of our clients. See more*
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* Mobile abandonment is extremely high. In fact, over 85% of mobile#shoppingcarts
wind up
abandoned. #mCommerce… twitter.com/i/web/status/1… * Find out why you should become more informed about #MAP.
#minimaladvertisedprice #mappolicy#mappricing
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twitter.com/i/web/status/1… * Europe now leads the world in #mobileshoppingwith
67% of #retailtrafficcoming
from this channel, compared to 59%… twitter.com/i/web/status/1… * Russians have embraced #ecommerce, which is
growing ten times faster than the real economy and traditional retail.… twitter.com/i/web/status/1…* See all #products
from a
particular #website
, regardless if
you’re monitoring them in your account, or not!… twitter.com/i/web/status/1… * If you have a #businessand don’t
have an #eCommerce
website, you
are less likely to see maximum growth in the near… twitter.com/i/web/status/1… * With around 80% of accounts following a #businesson #Instagram
, the
platform has become a lucrative #marketingtoo…
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