Price is the most important factor in deciding

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Which product a customer will choose. Big marketplaces like Wildberries and AliExpress have trained shoppers to look for the cheapest deal available, and when you can see all the products in a category at a glance, price is the first thing that differentiates them. And you don’t have to just take our word for it — according to a survey of 3,000 US consumers conducted by BigCommerce, 87% of online store customers consider price as the main factor in making an online purchase.

So, you take some price scraping software that's not too expensive, and you set it up to scrape each of these three competitors' pages. Now you can get real-time pricing information for these three necklaces. If one of your competitors drops their price for a day during a sale, they're going to take up a lot of your traffic on that particular day, so you want to drop your price too. And if their prices go up, you want to make sure that your prices stay low so you can poach customers.

Sure, you can monitor competitors' prices manually, but kazakhstan phone number list using price scraping saves you time. And on a huge marketplace like Wildberries, especially for products that are less design-focused than jewelry, you'll have a lot more than just three competitors. Is it really efficient to check each competitor manually every morning?

Obviously not, and this is where price parsing programs and services come to the rescue.

Frequently Asked Questions About Competitor Price Monitoring

How to use price parser?
Parsing online store prices: how parsing helps sellers
Each price scraping tool will work differently, but generally all you need to do is identify the pages you want to track prices on, enter those URLs into the price scraping program, extract and format the data from the program, and then use and analyze that data to get the information you need.

These steps are fairly easy to follow, but let's look at each one in more detail.

Defining Competitors
This is a step that no tool, program, or service can do for you: deciding which pages you need to scrape and why. All marketers need a clear understanding of the competitors they work with in the same industry.

Keep in mind that it’s always better to have too much data than not enough. You probably already know that you should analyze the prices of online stores that offer similar products to yours on your chosen platform or in your industry. But are you looking at other platforms?