Key Aspects in chosing Pricing Intelligence Solution Provider

With swiftly changing commercial environment, retailers are now looking for most effective and efficient price intelligence tool solution. This is extremely essential for retailers, who take into account their competitor’s pricing on everyday basis, to choose the best vendor for their business. Making this decision is one of the most vital moves for a business, as it can easily make or break the pricing strategies.
Here are 7 most essential things to keep in mind while choosing a pricing intelligence tool vendor for your business:

Price
Price forms one of the prime consideration while selecting the right pricing solution provider for your business. During the days gone by, the companies used to pay a huge amount for collecting the pricing data of the competitors, manually or through basic data scraping tools. In today’s techno-commercial world, the cutting-edge automated pricing intelligence tools have not only made pricing data collection easier than ever, but has lowered the costs to a great extent.

Coverage
In this world of technological tug-of-war, it is not enough to only keep an eye on the competitor’s prices. It is also very important to compare the prices by matching your competitor’s products with your own. The better the intelligence tool, the better gets the ability to track competitor’s products and prices. This is what refers to coverage. Make sure that the pricing tool you choose, provides you with the highest levels of possible coverage. This way you will never miss out on the vital data ever.

Technology Proficiency
As the websites today differ significantly in terms of the product information they provide and structuring, pricing intelligence is surely not an easy task to perform. These differences put forward a various challenges related to extraction, data analysis and crawling. Choosing an inefficient pricing intelligence tool can lead to inaccurate and incomplete data extraction. Hence, it becomes truly important to have technically proficient team, so as to be able meet all such challenges.

Guarantee of Quality
Monitoring pricing data is all about accuracy. There can be no room for mistakes as any error directly affects the business. Even when the pricing intelligence tools are automated, manual quality checks must also be done on regular basis, so ensuring and verifying data accuracy.

Integration
It is very important to carefully check and negotiate on the customization of data formats provided by the vendor, so as to allow the easy integration with the back-end systems.

Flexibility of the Contract
While choosing a pricing intelligence tool provider, don’t get carried away with a long contract. There is usually no such complicated contract to be signed. Most of the pricing tool providers today offer an option of subscribing to the services and paying on monthly basis. One can also avail some discount for making complete payment at a time. This is commonly known as Software-as-a-Service (SaaS) model of subscription. This will allow the business to start with a small amount of money and a comparatively lesser number of competitors to track.

Scalability
In most cases, the companies wish to start with tracking fewer number of competitors and products and then scale up with time. As they scale up, it is important that the tool provider scales up the operations without compromising the performance and quality. Keep in mind to never take quality and performance for granted, thus never compromise while choosing a pricing intelligence tool provider.

Some Last Words
The online businesses are faced with a number challenges and nobody wants to be left behind in the race.  It is hence very important to use the service provider that will help you in having a competitive edge over the other. We at ITSYS Solutions, offer a SaaS based web crawling service at less than $5/day*, that allows you to scale up as per your requirements. Our dedicated team of programmers are able to customize the output data formats so as to allow easy & quick integration with your existing back-end solutions. For a free consultation and a demo, visit us at www.website-scraping.com or call at +1-(518) 481-3433

Five Advantages Of Web Crawling For Manufacturers

The Internet, after the wheel, has been the most important invention in history of mankind. Just like all other sphere’s of our lives, it has disrupted barriers across trade & commerce and left web crawling technology and actively monitor prices of their products.

manufacturers with little or no control on the retail price of the product they manufacture. The ease of setting up an e-commerce / marketplace venture has increased retail competition and vastly improved availability and access to products across the globe. This increased retail competition has had both brick & mortar stores and online retailers slash prices often by sacrificing margins and at times selling the product below cost price. Such practices lead to negative opinion in minds of consumers as they tend to feel cheated by the manufacturer. To gain control and protect their brand, manufacturers can make use automated

An automated and managed price monitoring service will allow the manufacturer to 

1. Identify Sellers
On the Internet with marketplace model, there are thousands of sellers and it is not possible for the manufacturer to know all sellers. Our automated price monitoring solution allows the manufacturers to keep track of all sellers on multiple platforms.

2. Ensure sanctity of Minimum Advertised Price (MAP)
Many a times, manufacturers define MAP and trust sellers to respect this price. Unfortunately, MAP violations happen and products are under-priced to get volumes and sales. Such situations can be tackled by having an alert system wherein manufacturers are notified on MAP violations.

3. Monitor price wars
Manufacturers need to take control of price wars as that could result in loss of trust with sellers and Price monitoring service provides manufacturers the tools to ensure a level playing amongst sellers and avoid price wars.

consumers. A rogue seller who may have dropped the price below the MAP could force other sellers to drop prices too leaving the manufacturer no way to identify when and who dropped the price first.

4. Safeguard brand value
High variation of prices, negative feedback across distribution channels or grey market activity can inflict irreversible damage on the brand value of the product. By constantly monitoring products on the various online distribution channels and feedback platforms, manufacturer can take remedial corrective action and safe guard the brand value.

5. Strengthen business relationships
Enforcement of MAP by manufacturers promotes an environment of fairness and equality thereby strengthening relationships with seller and distributor networks. Swift action on violations also helps preserve brand image, boosts credibility and increases trust.

The automated and managed price monitoring service from ITSYS Solutions allows manufacturers to keep track of their products – both price and feedback across multiple online platforms and ensuring a healthy competition amongst its sellers without affecting their credibility. All this and more benefits at just $10/day (Conditions apply). For analyzing your products catalog, schedule a free demo by visiting us at website-scraping.com

Advantages of automated Web Crawling in Competitor Price Monitoring

In today’s connected world, shopping is done at click of a button or swipe of finger. A majority of shoppers compare prices across portals before buying any product. Therefore, it is extremely important for the online retailers to keep a track of the prices of products on their competitor sites. An automated web crawling solution, the technology powering the Google search engine, can provide online businesses with prices from competitor sites in real-time boosting efficiency and bottom line.

Top 5 reasons for automated price monitoring solution

1. Stop tedious manual data search and entry work: Deploying people to search for prices of hundreds of products on multiple websites is a daunting, time-consuming & costly process prone to errors. The high cost in monitoring of prices would add to the
   
   cost and make the entire process futile. Web crawling solutions removes the need to have a team of people do the copy-paste job and provides data within hours.

2. Get a broader analysis of the market: An automated competitor site monitoring solution, allows monitoring of unlimited number of products, giving a broader analysis of the market. One can easily and anonymously get the prices of products that competitors are selling at.

3. Never miss a price change: In fast changing online world of e-commerce, having information on time is critical and is more often than the difference between making a sale or losing it to your competitor. Automated Web crawling solutions allow monitoring of products on real-time thereby providing market intelligence on competitor prices as it happens.

4. Minimize human error: Data entry is prone to errors and requires hours of multilevel checks to get 99% accuracy. Automated web crawling solutions are not only speedy but provide the same information with 100% accuracy at a fraction of the cost.

5. Focus on business: By leveraging the power of automated web crawling solutions, business owners are able to spend their time doing what they are best at – strategizing to improve bottom line by being more responsive to market changes and taking informed decisions.

To sustain in this competitive environment, keeping track of competitor prices is become essential for online retailers. Automated price monitoring service by ITSYS Solutions, anonymously captures data from targeted websites in real-time and with 100% accuracy, at a cost that allows businesses to stay competitive.

Improve Your Business Using Web Data Extraction

Web Data Extraction Service

Today, data mining firms have developed web harvesting software which you could buy and install in your computers or you can outsource the services from a qualified company. However, outsourcing the services will help you cut on costs which come with the installation, maintenance and running of the software. All you need to do is specify the type of information you require and the web scraping company will do the searching. According to your specifications, you’ll get customized data scraping services where web crawling show up data that matches your specifications. The information collected is readable, easy to understand and transferable.

Web Data Extraction

There are different reasons why you should seek web data extraction services. May be you want to monitor your performance in the online market compared to your competitors. This may be in terms of sales and marketing strategies. You need to do a competitor price monitoring to know the products your competitors have and their rates. This will help you set the right prices for your products or services so as to attract more customers. Setting higher prices than your competitors will scare away customers. Competitor price monitoring software will also help you keep track on price changes. However you can only achieve this by getting the right data harvesting specialists. You need to work with a company that will give you value for your money.

Due to the fast growth in the eCommerce market, business trends keep on changing so you need to check what your competitors are doing in order to remain relevant in business. The web harvesting company should provide you with up to date information for the businesses you’re monitoring. Ensure you get the right data that you can use to formulate a good pricing strategy for your business. Clients will be prompted to order from businesses that offer the right prices for their products. As a business owner you need to ensure you remain ahead of your competition.

If you’re doing business online it’s mandatory to invest in web data extraction services so as to enhance business growth. Contact a reputable web data mining company and they’ll do the donkey work as you enjoy the benefits. They have a team of experts who will work closely with your company. They’ll assess your business needs and help you improve your presence in the online market.

Capture Store Locations Data Easily

Are you spending lot of time to manually capture & monitor the retail store locations of your competition? Scraping the data from the web can get the work done in a shorter time allowing you to
get a strategic view of how many stores they have nationally, regionally or in particular cities and take informed decisions for locating your new stores.

Web scraping in its simplest form is described as the process of collecting information from the web automatically. Web scraper software can quickly extract data or information from the targeted website when needed. Web scraping programs work by embedding specific known browsers such as Mozilla and/ or Internet Explorer, or implementing a smaller degree of Hypertext Transfer Protocol (HTTP). Web Scraping involves browsing the web in an automated, orderly and methodical manner and save required contents in a tabular form in Microsoft word, PowerPoint, Excel, MySQL or any other database format.

We have scraped hundreds of US & Canadian retail chain websites / branches (such as Jeweler chains, Mobile stores, Autoparts /Tire shops, Gas Stations, Bank branches, Insurance company branches, ATM locations) for their store locations and captured details like Store Name, Address, City, State, Zip/Postal Code, Phone Number, Store Hours, Facilities/Amenities offered, Latitude Longitude and provided the formatted data to our clients in Microsoft Excel.

For your project, you just need to contact us specifying the retail chain website(s), the geographical areas for which data is needed (eg. selected cities or states, or all states and cities in the country) and fields of information. We will write and run the scrapers on our own servers that will with 100% accuracy, reliably, efficiently and anonymously, capture the details and provide them to you in Excel.