How to check prices on the market?

Question

How do you choose best prices for your business? What analytics tools do you use?

Constantine Stan. · Accepted Answer

I'd say just check where you are selling. Is your business bound to specific geographic location (selling physical products locally) or are you selling on the web?

Then simply google a description of your product + the geographical location (W Europe, E Erope, N America) and check if there are similar products.

Plenty of common ways to do this without paying for any fancy tools! GL my dude

Answer

I found info about best tools for e-commerce caterory management here https://pricer24.com/blog/best-tools-for-category-managers/. In this article you'll find info about software for: Assortment analysis and planning Competitor price monitoring Inventory control Promotion planning Trend analysis Retail analytics The category managers are responsible for the successful sales of a specific group of products. Hope it will be useful for you too.

Jack Den · Answer

useful to know! I have found that eve-marketdata and evemarketer are not accurate, a lot.

Jessi Ebden · Answer

Use price comparison websites, marketplaces, or financial news platforms to check prices on the market.

Oisin O'Reilly · Answer

You can check prices on the market by using financial news websites, stock market apps, or directly through brokerage platforms.

Gurkaran Singh · Answer

Hey there! As a tech enthusiast who loves tinkering with data science, I rely on a combination of market research tools and good old-fashioned Excel spreadsheets to analyze pricing strategies for my projects. It's all about finding that sweet spot between competitive rates and maximizing profits. Happy price hunting!

How to check prices on the market?

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