Automation of price monitoring should start with defining the circle of your competitors, and then decide whose prices are most significant for monitoring purposes. Unfortunately, you will not be able to monitor everyone, every store. Although technology allows you to cope with this task, you will not be able to process millions of results. Therefore, it is necessary to choose those competitors who are most likely to attract customers with their prices and products. It is necessary to study your competitors as thoroughly as possible and find out which of them is worth taking a closer look at. This way, you will be able to take advantage of modern technology and not get lost in a huge array of data.
In addition to competitors, you can monitor each georgia telegram number database product, but the results of such monitoring will be even more numerous than in the case of competitors. Therefore, you will also have to narrow down the range of products for competitor price monitoring. This can be done by selecting the most popular and most price-sensitive ones.
It is important to select key brands or categories in your market segment so that you can focus on those areas.
To answer these questions, you can do some market research (either your own or outsourced). Then you can run automated e-commerce price monitoring to see what even the most "dangerous" competitors are doing, and be sure that your best products (the most profitable or best-selling) are priced correctly.
How to Develop a Competitor Price Monitoring Strategy