In order to make the right pricing decisions, you need to know what your competitors are doing. With our price monitoring tool, you can track their prices and promotions in real time and adjust your prices accordingly.
If you have multiple distributors, it is essential to know that they are adhering to your pricing policy. Brandly 360 system will allow you to monitor their prices and take action if necessary.
Automating price monitoring with Brandly 360 will not only help you avoid human errors but will also save you time and resources that you can use to grow your business.
As your business grows, so does the number of products and competitors. Brandly 360 will help you scale your price monitoring process and easily track an increasing number of products and competitors.
To make the right decisions, you need accurate and up-to-date data. We can provide you with that. With our price monitoring tool, you will get accurate and timely data that you can rely on.
Get valuable insights into your pricing strategy with our customizable reports. You can easily spot the areas that need improvement and make the necessary changes.
Any time there is a change in the market, you will be the first to know about it. Our system allows you to set alerts and be notified about any price changes, promotions, or availability.
You can personalize your Customer Dashboard to match your needs and preferences. Advanced charts and graphs will help you visualize your data and spot trends.
To be successful in the market, it is crucial to know what your competitors are doing and how they are pricing their products and/or services. Only then will you be able to make the right decisions about your own pricing strategy, making sure that you are not under- or overpricing your products. By monitoring prices, you will also be able to spot any price changes that might be happening on the market, which can be an indicator of changes in trends or customer behavior.
Moreover, if you work with any distributors, you have to ensure that they adhere to your pricing policy and don’t sell your products at a lower or higher price than what you have set. This way, you will be able to protect your brand and its image.
Monitoring product availability is also important, as it can have a big impact on your sales. If a product is not available, customers will look for alternatives, which might mean that they will buy from your competitors. By tracking product availability, you will be able to quickly spot any changes and take the necessary measures.
Additionally, if you notice that a product is out of stock at your competitors’ stores, you might want to take advantage of the situation and adjust your prices accordingly. For example, you could increase the price of the product if you know that there is high demand for it and that customers are willing to pay more.
Prices should be monitored on a regular basis, as they can change very quickly, in some industries more often than in others. In order to make sure that you have the most up-to-date information, we recommend monitoring prices at least once a day, but you can also do it more frequently if you want to.
Apart from the obvious – competitors’ websites and stores, your distributors’ prices – there are other places where you can find information on prices. This includes online marketplaces (such as Amazon, eBay, etc.), price comparison websites, and auction portals. You can also check out customer reviews, as they might mention prices and whether they thought they were fair.
If you are selling your products internationally, then you definitely should monitor prices in other countries as well. This way, you will be able to see how your prices compare to those on the international market and make the necessary adjustments if needed.
However, even if you don’t ship your products abroad yourself, platforms like Amazon or eBay might do it for you. So, it is still a good idea to keep an eye on international prices, as they can have an impact on your sales.
The process of the product price and availability monitoring is quite simple. First, you need to choose the products that you want to track. Then, you need to select the channels (e.g., websites, online stores, etc.) and the frequency with which you want the prices to be checked. After that, our system will do the rest – it will collect the data and present it to you in an easily accessible format.
If you want to, you can also set up alerts, so that you will be notified whenever there is a change in prices, promotions, or availability. This way, you will always be on top of things, and you will never miss a beat.
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