How Dynamic Pricing is Disrupting Online Retail
What is Dynamic Pricing? Dynamic pricing strategy is a flexible pricing method where prices of certain products or services are changed daily or multiple times a day based on competitor…
10 Tested eCommerce Pricing Strategies for Long Term Profitability
The eCommerce landscape is growing tremendously in the post-pandemic economy. Infact, in 2021 the number of online stores exceeded 24 million globally with thousands of new stores being set up…
Competitive Pricing Strategy – See How Products Are Priced
An effective pricing strategy is essential to help a business set an offer price which is in line with competition, and will maximize revenue and deliver a good profit. A…
5 of the Best Penetration Pricing Examples
In a market heavily driven by consumer trust and brand loyalty, many consumers are reluctant to switch brands or try new products. The barriers to entry in a retail market…
How To Marie Kondo Your Retail Pricing
Through “The Life-Changing Magic of Tidying Up,” Marie Kondo has transformed countless lives, both materialistically and psychologically. If only she could transfer that same power over to the e-commerce scene….
How to set fashion prices that fit
As fashion gets faster and more global, it’s also getting more complex and competitive. Many apparel retailers and brands struggle with decisions about which numbers to put on their price…
Deep Discounts or Everyday Low Prices: Which Strategy do Consumers Prefer?
If you’re a retailer in the twenty-first century, chances are that you’ve come across the terms ‘deep discounts’ and ‘everyday low prices.’ Convenience stores, e-retailers, and brick and mortar stores…
Find Out How Your Competition Reacts To Your Pricing By Using Incompetitor
Competition is the norm by which a pricing is often defined. Recognizing your customers’ needs and demands and acting on them quicker than your competitors can give you a pivotal…
How Incompetitor Can Save You Time Spent On Manually Tracking Competitor Products
Introduction In the world of ecommerce, there is so much going on that it’s hard to keep track of everything. You should be aware of what your competition offers while…
3 Ways a Price Optimization Platform Enables Accurate Pricing Strategy
Price is generally driven by three external factors: the market, demand, and supply. A deep understanding of how these factors impact pricing is critical to developing a pricing strategy that…
Manually Tracking Competitor Pricing Vs Automated Solutions
In 2020, with a huge chunk of retail activity taking place through online platforms, US e-commerce is expected to rise 18% year on year – and this shift is not…