Competitor price monitoring is about finding competitors and regularly tracking their prices. The purpose of collecting prices from other sellers is to have a general market situation and use this data to optimize prices in their online stores. Intelligence agencies provide comparative analysis of the prices of competitors, which allows you to determine the prices of goods that will bring maximum sales and profits. Price is the main metric that attracts potential customers and buyers. Good management requires increased profits and turnover. One of the most effective pricing tools is regular and deep monitoring of competitors' prices. It can be used to track the pricing policy of online stores offering the same or a similar product / service.
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