How pricing intelligence work and some of the strategies that help in practicing it:
- webdataguru
- Jun 24, 2022
- 1 min read
1. Identifying Your Competitors
It is helpful to know about your business competitors not only from the viewpoint of price optimization but also for learning strategies. It is to be understood that competitors are the businesses that serve the same target market as yours. They can be online or physical businesses or businesses that sell similar/ substitute products.
If you sell on Amazon, then you might know the price drops that go in real-time. Now, that is known as a dynamic pricing strategy. So, you need to know the changing prices of your customer in real-time. This can be done with the help of a good pricing intelligence system. WebDataGuru can provide such assistance with years of expertise and experience in serving diverse industries.
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