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Topic
tropicalpet Member
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5 months ago
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Do you track your competitor prices? How do you manage that process? Manually or by using a service? This post is outdated

I would like to learn e-commerce owners' thoughts towards this topic.
How do you define your e-commerce pricing strategy? Are you focusing on competitor price
tracking? Do you change your prices according to the price change of competitors?
How do you track your competitors' prices? Manually? Or, using a software?
 

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Replies
tropicalpet Member
Posts:
6
5 months ago

Thanks for answer. How many products do you have? Actually as I need to get price data from many products, it is pretty hard and time-consuming for me.

Jade Shopify Employee
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5 months ago
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Hi, There!

My name is Jade, I am with the Social Care Team at Shopify.

In my experience, I have seen many physical and online stores manually check their compeditors prices to keep their business on the same page. This process can bit very time consuming, especially when doing it on a regular basis. I found an app in the Shopify App Store called Price Mole that may help! In the reviews section, you can click on the businesses that use the app and even contact them on their website to find out how they are liking it.

Best wishes with your search!

Jade | Social Care

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5 months ago
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Hello!

I have been using an app called Prisync for a couple of years now and they have been a tremendous help in this exact need. They will work with you to help get everything working perfectly and also do a fantastic job in understanding the needs of online businesses.

tropicalpet Member
Posts:
6
Last edited 5 months ago

 

 

Thanks. How many products do you have to track? 

Actually, I have more than 1500 products in my store but I can focus on my top-performing 500 products. Also I have 5 main competitors, so it makes around 2500 URLs to check. 

In that scenario, it is almost impossible to check it manually. If I do so, finding time for another issues becomes a struggle for me.

Also, thank you both for advising me these two solutions. I will both check Prisync and PriceMole.

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Last edited 5 months ago

 

 

Joann Holt Member
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10
5 months ago

Yes, Of course. To catch the market every shopper should track competitor prices and I do this manually.

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5 months ago

Monitoring competitor pricing by analysing data by hand is a very slow process that takes so much time and does not produce precise results. 

If you want the best Software in the market that helps you track all product prices of your competitors and compare them to yours and even get more analytical, intelligent data that will help you stay on the edge then I would recommend using the Sniffie service since it´s an expert in the field and a trusted Finnish technology leader. 

 

Arlene Martin Member
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9
5 months ago

I always analyze market price manually and update.

Corrina Smith Member
Posts:
7
5 months ago

I track my competitors' prices manually and Then  update manually.