Analyze the Competition
Identifying and studying the competition is one of the phases in developing your competitor pricing monitoring plan. During this process, we recommend creating four separate lists of rivals based on distinct strategic links to your business.
Similarly Positioned Competitors - researching competitors who have the same placement as you.
Very Distinct Positioning - examining individuals with extremely dissimilar positioning, which might be at the top or low end of the market.
Most Important Competitors - establishing your most significant competitors, which should be a smaller list of 5-10 those you believe are the most important. "Foils" of your brand-defining your "foils," competitors that are where you want to be and can copy to help you get there.
For getting more information about eCommerce Price Monitoring Visit here- https://www.gtechwebindia.com/price-tracking-monitoring-services.html
Email us at [email protected]
for a free consultation and grow your business worldwide.