Price History
With the historical price index, find out which competitor is increasing or decreasing their prices at certain times. Imagine having these insights in times of panic-buying or popular sales days like Black Friday or Cyber Monday. Get way ahead of the game, turning data into action.
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Tracking your competitors’ pricing strategies allows you to offer a product with higher revenue and determine if it’s worth selling. In essence, researching pricing trends and competitors’ price histories not only helps businesses maximize profits but also protects against losses.
The price history feature enables you to analyze past price fluctuations and make future price predictions. This is useful for making informed decisions, such as whether to sell something now or wait for the competitor’s price to drop. Price history can also help identify pricing trends, like whether prices are lower at certain times of the year or if close competitors tend to rise or fall over time.
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