Analytics helps online sellers understand their market and price their products, and price history is one of those. Price history allows you to check the past prices of your products and competitors'. The price history is a useful insight for price strategy creation and the functionality of your online store. It works for all your pricing strategies throughout the year.
Comprehending past pricing campaigns and prices will help you understand what your competitors are doing and see how you can improve and beat them in the future. If you want to boost sales and profits, price management is vital. The price history of competitors can provide you with all the knowledge you need to effectively position your products and gain an advantage over the competition.
Why Price history is your perfect ally:
Demand finder: Price history unveils hidden patterns in customer behavior. Analyze past price changes and sales data to understand how fluctuations affect demand. For example, did that summer discount help you increase sales? Did raising the price of one of your products did not work? PriceTweakers insights help you find the sweet spot where prices fuel demand and maximize profits.
Competitor monitoring: Stay ahead of the curve by knowing your rivals' moves. Track your competitors' price history and identify their pricing strategies. Are they slashing prices on similar products? With PriceTweakers' comprehensive competitor tracking, you'll always be one step ahead, ready to adjust your pricing and capture more market share.
Promotion identifier: Build promotions that impact your business. Analyze past promotional performance to see what resonated with customers. Price history unveils the blueprints for winning promotions, allowing you to craft the perfect targeted offers.
How can you access your pricing history from PriceTweakers?
Log in to your PriceTweakers account using your credentials, and head to the report section. If you're interested in the price history of a specific product, you might need to select it first from a list or search for it using its name.
Conclusion
Don't let your price history lie in the report sections, and start using it in your favor. PriceTweakers equips you with the tools to track and analyze your pricing history effortlessly to create better pricing strategies. Monitor competitor pricing in real-time and gain insights into customer behavior and demand patterns. Contact us for more information!
