1.
Identifying Your
Competitors
It is helpful to
know about your business competitors not only from the viewpoint of price
optimization but also for learning strategies. It is to be understood that
competitors are the businesses that serve the same target market as yours. They
can be online or physical businesses or businesses that sell similar/
substitute products.
If you sell on
Amazon, then you might know the price drops that go in real-time. Now, that is
known as a dynamic pricing strategy. So, you need to know the changing prices
of your customer in real-time. This can be done with the help of a good pricing
intelligence system. WebDataGuru can provide such assistance with years of
expertise and experience in serving diverse industries.
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