8 min
Identify grey market sellers using market insights
Monitor your competitors
With PriceShape, you can automatically track and monitor your competitors' prices in real-time through advanced competitor price tracking. Gain valuable competitor insights that ensure you stay competitive while saving time.
Competitor monitoring
How does it work?
PriceShape automatically gathers comprehensive market information, including competitor prices and detailed product data, such as remaining stock levels. By consolidating all this information into one easy-to-use platform, we make it simpler for you to take informed action and stay competitive.
Competitor monitoring
High-quality data from PriceShape
Our advanced pricing tool automatically gathers data by capturing publicly available information from your competitors' online listings. It checks each individual product page to ensure that the data you receive is accurate, high-quality, and fully transparent.
Automated pricing
PriceShape is more than a simple price comparison site. Automated pricing adjusts to market demand based on your chosen pricing strategies. As competitors adjust prices, yours automatically adapts, ensuring competitive pricing to maximize profit and market success. Your products will automatically follow the chosen pricing rules to ensure the desired outcome.
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Using PriceShape for competitor monitoring is a timesaver
Manually tracking competitors' pricing and stock levels is time-consuming and can cause errors. With PriceShape’s competitor price monitoring feature, you can automate this process and save valuable time.
Our platform continuously monitors competitor prices, price changes, stock availability, and other crucial metrics. It’s built to support efficient competitor price tracking at scale, with a user-friendly design that presents all the information you need.
Instead of wasting hours gathering and analyzing data yourself, PriceShape does the hard work for you. You’ll have access to up-to-date insights that allow you to make informed pricing decisions.
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Is competitor price monitoring legal?
A common misconception is that competitor price monitoring may fall into a legal gray area. However, it’s important to understand that monitoring publicly available data, such as prices listed on competitor websites, is entirely legal.
PriceShape operates strictly within these boundaries, providing you with information that your competitors themselves have made publicly accessible online. Our platform simply gathers this public data through automated competitor price tracking, without accessing or using any private or confidential information.
This ensures that all the competitor pricing data you receive is legitimate, transparent, and compliant. Competitor price tracking and monitoring through PriceShape is a fully legal and responsible practice.
Strengthen wholesaler negotiations with data insights
By using detailed price monitoring and competitor benchmarking data, retailers can secure better pricing and terms from wholesalers. When you have a clear view of how your competitors are pricing the same products and how your prices compare, you gain valuable information to support your negotiations.
With competitor price tracking, you get concrete market data to identify competitors selling at much lower prices. This product performance insight becomes a powerful tool in negotiations: how can they sell the product so cheaply unless they are receiving a better deal from the wholesaler? By highlighting this, you can challenge the wholesaler to offer you more competitive pricing to level the playing field.
The onboarding process at Priceshape
At PriceShape, we’re committed to your success. Our onboarding process ensures you get the most value from the platform, with a dedicated customer success manager to guide you every step of the way.
1 - Strategic meeting: We will understand your goals, pricing approach, and key competitors.
2 - Technical meeting: Master the platform, set up strategies, and become a super-user. We guide you through reports, dashboards, filters, and ensure you're confident using the platform.
3 - Best practice meeting: Get answers, tips, and optimize your workflow. This session ensures you maximize your results with personalized strategies and expert insights.
4 - Growth meeting: Revisit goals, assess progress, and plan for continuous growth. We evaluate what’s working, address challenges, and refine strategies for long-term success.
With this process, we aim to build a strong partnership and help your business thrive with PriceShape.
Boost marketing with competitor price monitoring
Competitor monitoring is more than just tracking prices; it’s vital for improving your marketing strategies. With PriceShape, you can easily monitor your competitors’ pricing and run effective competitor price tracking to gain insights into their tactics. This helps you adjust your marketing efforts, ensuring that you bid on the right Google Shopping Ads where you’re both competitive, have a good stock status, and have a good profit margin.
Use these insights to optimize your marketing campaigns, aligning them with current market trends while maximizing your ad spend. With real-time competitor pricing data, you can make intelligent, data-driven decisions that attract customers and boost sales.
We help you grow your business
As your business expands, so does PriceShape’s capacity. There are no limits - you can quickly scale up to managing pricing strategies across the amount of wished markets with as many products as your assortment holds.
Our platform adapts to your needs, ensuring that no matter the size of your business, PriceShape supports your growth every step. Are you interested to see how PriceShape works?
Then, start your free trial and test with your products.
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