Select links to products

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Once you've decided on the stores and products you'll be monitoring, you'll need a little more information, namely the URLs for each product on competing sites. This will allow you to track product availability, which is another benefit of automation. When competitors' stocks are running low, you'll know which products to promote especially aggressively so that shoppers interested in that product know where to find it when their usual store runs out.

iDatica products will free you from this time-consuming and endless work and do it for you; you will get more accurate results that will be available in real time.

Full automation of competitors' price monitoring
The next step after identifying the stores and products you kazakhstan phone number list want to monitor is to fully automate them. With a price monitoring tool that visits each specified site and returns with the necessary information on prices and stock levels, you can accurately determine the pricing policy for your products and services.

This step can save you a lot of time and effort. Plus, you won't have to hire someone to do this task, which will save you money and/or ensure that your employees can focus on their own tasks without having to worry about monitoring prices.

Accurately monitoring competitor prices for e-commerce will allow you to:

Change prices to match the market situation
Maintain sufficient inventory levels compared to competitors
Receive reports on how your competitors are doing
Track reviews
Monitor competitors' promotions
Should Your Offer Always Be the Cheapest? The Pros and Cons of a Low Price Strategy in E-Commerce

Data update
One of the key features of any price monitoring tool is the frequency of data updates. For example, once a month is clearly not enough, and several times a day will most likely not provide a clear picture of what is happening.

iDatica will allow you to check prices every 24 hours. Updating information several times a day can lead to an excessive increase in the volume of data, which will not allow you to react to changing market conditions. Volatile commodities, such as gold or currencies, require updating data several times a day. For more standard commodities, daily monitoring is sufficient, with the ability to update during key periods, such as Black Friday or other sales.

A significant advantage of such a tool is flexibility: as new competitors appear and the threat from the old ones decreases, the system can be reconfigured in such a way as to replace existing links to products with new ones. This means that you will not lag behind the market and will not miss anything.

Conclusion
Using a price monitoring service like iDatica will allow you to stay ahead of your competitors and always be able to compete on price if you want or need to. You will also be able to pinpoint the products and services that sell well and give them a special place in your product line.