Rule your market with correct pricing
Always stay ahead of your competitors.
Reprice your product with less efforts and more outcome with AI based pricing suggestions.
Do you spend hours and hours checking what your competitors are doing ?
Unable to track your competition?
Do you find it difficult to set your product price competitive and profitable?
Are you confused how much discounts to offer and when?
Do you struggle analyzing the data?
If your answers are yes, then this the ultimate solution for your problems.
Problems Solved with Prodfinity
Prodfinity have the solutions of your problems. As we aimed to facilitate your journey of entrepreneurship and success.
When you have our back, you don’t have to spend hour in front of the screen when you can invest them somewhere more productive.
Without human errors you can rely on our analysis and data which can guide you to the road of rise and revenue.
So we can work together and grow together.
What is Automated Competitive Pricing?
Before we can make you understand what is Automated Competitive Pricing, you need to understand what is Competitive Pricing.
Competitive Pricing is the process of setting the price of your products according to what you competitors have set and also be able to gain profits on same or similar products and services.
There are almost 90% of suppliers who are actively perform price comparison with their competitors.
But the manual process of collecting and analyzing data is not only labor intensive work but also prone to human errors and wrong analysis. And after everything, still it takes a lot of market experience to set the price of product.
But Automated Competitive Pricing mechanisms saves so much efforts consumers as it gather pricing data of their competitors of similar or exact same products and analysis the data to get an effective pricing for your products. It can be classified on the basis of country, region or organization based on your targeted audience.
Advantages
Saves efforts and time
Humans can make mistakes machines don't, neither they get tiered or ignores things in the rush of completing task. Automated competitive pricing not only saves your time but also provide accurate and error-free data, so you don't have to cross check it and waste your time.No human errors
Humans can make mistakes machines don't, neither they get tiered or ignores things in the rush of completing task. Automated competitive pricing not only saves your time but also provide accurate and error-free data, so you don't have to cross check it and waste your time.Helps to estimate market conditions
Wants to know where market are leaning these days. You can guess the supply and demand to take next big step for the growth of your businessGets rid of constant manual checks
Checking everyday of competitors pricing and listing it is a confusing and big task, but now you can get rid of that tedious routine by handing over these tasks to us and get the most accurate and expressive information you can have.
Concentrate on Each Product
When we keep eyes of your competition, you can focus on your every product, to make right choices of pricing and marketing of it.
Strategic Pricing
Strategize your pricing strategy when competitors data comes handy. Make most out of your product with effective discounts while protecting your margins for the growth of your organization.
No Confusion with Accurate Data
People say knowledge is power. And when you are weaponized with correct knowledge you can thrive in any field you want. With knowledge comes clarity of how to achieve goals. Take away the clarity, by visual representation of pricing data.
Focuses on Main Competitors
Don’t really know, who are your biggest competitors. Worry not, we provide list of competitors who are giving you the tough competition.
frequently asked questions
1. What is competitive pricing?
Competitive Pricing is the process of setting the price of your products according to what you competitors have set and what market trend, by which business saves time and also be able to gain profits on same or similar products and services.
2. How does your competitive pricing service work?
Competitive Pricing is a service where we constantly monitors your competitor’s prices, market trends and what customers are demanding. We serve real-time data insight with our AI based price intelligence algorithm, facilitating businesses to with market analysis and changing prices.
3. How often is competitor pricing data updated?
We update the data on the bases of customers preference, like if customer set the custom time to refresh data then it will be refreshed on custom time otherwise they can choose from predefined refreshed timing like hourly, daily, weekly and monthly .
4. Can I track specific competitors?
Absolutely ! You can track any competitor you want. You just need to import it to our platform just once then their activities are just one tap away from you.
5. Can I set automated price adjustments based on competitor data?
For sure, you can use our dynamic repricing tool to change your product prices on the basis of your own rules and market trends.
