Octoparse competitors for pc and android

From there, we can connect all the data points through a visual graph and work on the deviations to determine which competitor has the most impact on us. Repeating the above calculations will provide us with each product price index per competitor. One productвЂ™s price index wonвЂ™t tell us anything valuable-we need to add the price index of each product and divide by the number of products to get the average product price index. Price Index = (CompetitorвЂ™s Product Cost / Your Product Cost) x 100 Read about: Why Do You Need An E-commerce Scraper For Competition Monitoring To measure the price index for a certain product (for example, the dumbbells mentioned above), you must divide the cost of the competitorвЂ™s dumbbell by the cost of your storeвЂ™s dumbbell and multiply by 100. In the realm of ecommerce, we can use it to examine how much impact competitors will have on your business. A concept borrowed from the economic sector, the price index is used to measure the rate of inflation. To find the right target, you need to calculate the price index. Benchmark against the wrong rivals, and your pricing and assortment strategy will fall short. More often than not, when we think of competitors, we think of businesses within the same industry-while this seems fine in theory, itвЂ™s not always true in practice. However, itвЂ™s also important to be able to recognize who your true competitors are. It is crucial to understand your competitorвЂ™s product assortment and be prepared to adjust with the market. This suggests that you should extend your assortment if you donвЂ™t have dumbbells in your store.

If you have an online store that sells sports gear and you notice your competitors adding more dumbbells in various brands, you can surmise that they see dumbbells increasing in market value. Monitoring what products your competitors have recently added to their stores may give you valuable insight into market trends. With competitor monitoring, your main focus is benchmarking against your competitors to discover assortment gaps. Checking prices against your competitors is one way to help you understand how consumers perceive similar products.Д¬omparing product assortment against competitorsвЂ™ listings For this reason, retailers need to set prices based on the perception of the product to offer the best perceived product value. Cheaper prices donвЂ™t always determine buying decisions-instead, consumers are more willing to pay a price that they consider вЂњreasonableвЂќ for the product they are buying. This is likely because your customers viewed your product differently than what the lower price conveyed. Perhaps you have previously reduced the price of a product, but ultimately did not see an increase in sales. How do my customers perceive the values of products? Whether youвЂ™re working on a cost-plus or a value-based pricing model, itвЂ™s critical to know how much competing products or services are selling for. If youвЂ™re selling luxury handbags to celebrities, lowering your prices might actually hurt sales. If youвЂ™re selling toner cartridge replacements to small businesses, youвЂ™re probably working on an economy model, trying to undercut competitorsвЂ™ prices. To begin creating a pricing strategy using competitor listing data, start by answer the following questions:Д«egin by identifying the overall pricing modelВ that works best for your products. This doesnвЂ™t always mean lowering the prices of your products-in fact, you may find that youвЂ™ve been charging less for a product than you should. This is why it is important to know how competitors price a similar product to yours in a different channel, and then maintain a competitive price. All customers take price into consideration when purchasing a product, and customers are more likely to research the product as the price tag increases. Price is one of the most important factors in a purchase decision. Identifying optimal pricing strategies using competitorвЂ™s listings Comparing product assortment against competitorsвЂ™ listings.Identifying optimal pricing strategies using competitorвЂ™s listings.No matter your business, knowing what your competitors are up to is one of the first steps to success. Monitoring competitorsвЂ™ product listings will give you a wealth of valuable information about your competitors-perhaps a well-funded rival is doing penetration testing into one of your niches, or maybe youвЂ™re trying a new competitor pricing model. Therefore, it is important to monitor your competitors to determine what products they are offering at what price. Because launching an online business has little to no initial cost, aspiring entrepreneurs will likely face a number of rivals who may try to undercut their pricing.

Octoparse competitors for pc and android