Permanent insight into the prices of customers and competitors.
Price transparency has become a reality with the advent of the Internet. Customers, as well as competitors, have real-time access to the pricing of your products. Suppliers increasingly come from completely different sectors, also known as ‘blurring’. Sometimes they apply very different pricing. Because customers often look for a specific product, the price comparison can be made with just a few mouse clicks. But how do you, as an importer, wholesaler or wholesaler, get a grip on the current status of often thousands of products? Pricesearch offers the solution!
How do you gain insight into the pricing in the market?
Manually looking up the prices of many suppliers is an option, but when it comes to many products this is a time-consuming process. That is why it is often limited to a periodic sample. However, at the current speed of information processing, there is a high risk of large deviations. If prices are too high, turnover will remain, and if you are priced too low, there will be an unnecessary margin. Pricesearch will help you with this. Our system automatically checks other suppliers of products from your range and calculates the price differences. At a glance you know whether your pricing is in line with the market or not.
How does pricesearch work?
Open an account at Pricesearch and enter the relevant EAN numbers or your own product numbers. It is even easier to import an Excel file. That’s all you need. Pricesearch will then start working for you right away. First of all, Pricesearch will look up the prices you use yourself. Then the system searches four times a day for other suppliers of your products. The found prices will be placed next to each other and a colour coding will show you how they relate to your own price.
Even easier: Pricesearch ensures that you receive an Excel file in your mailbox every Monday morning, so that you can start the week with an up-to-date picture of the market prices. Sorting by brand or product type quickly makes it clear whether gross recommended prices need to be adjusted.
Too good to be true?
Start today and optimize your margins without reducing your sales opportunities by offering unrealistic sales prices. Your discussions with customers and suppliers also become much easier because you can prove price deviations based on facts from the market.
Unique in the price comparison market!
Absolutely unique in the market is that Pricesearch also includes non-identical but comparable products of competitors in the assessment. An advanced algorithm is used for this purpose. Even differences in packaging units are taken into account. The price history of each product is kept up to date and the graphical representation gives you a perfect insight into the price development of the products you have selected.
Want to use dynamic pricing?
Once you use Pricesearch, you get a well-founded feeling for price movements in the market. The price position of your assortment no longer has any surprises for you. It might be time for the next step: record your cost price and minimum desired margin and Pricesearch will continuously calculate the optimal price for you.
System integration with an API
An API (application programming interface) can ensure that the calculated prices are exchanged with your webshop or ERP system in real time. This opens up new possibilities with which you can easily find the balance between the maximum sales opportunities and the highest achievable margin.