Any business owner is well aware of the struggle of having to research the competition.
This is without a doubt amongst the most tedious things that have to be done when it comes to setting up a business development strategy as it’s going to provide you with clear and concise markers of what the frame that you should be navigating within is and how to properly trump it. This is where Netrivals comes into the picture. Netrivals monitor the prices of your competitors with this tool. Through the solution that Netrivals offers, you are going to be perfectly capable of monitoring what your competitors are doing and how are they doing it. You can choose between broad spectrums of different industries to compare, depending on your particular field of expertise. With the information that Netrivals is going to provide you, you are going to be perfectly capable of trumping your competitors and coming up with proper marketing and price- formation strategies.
You can extensively compare your entire product catalogue in order to get a glance at your price ranges. You are also given the opportunity to use all sorts of filters in order to understand which of your products are of equal price, more or less expensive than the ones listed by your competitors. This is going to allow you to thoroughly adjust your e- commerce prices in order to get the most value out of every single conversion.
Furthermore, through the possibilities that Netrivals has to offer, you are going to be able to adjust the entire profit margin in order to draw as much as you can and to be as competitive as it’s possible. You are also going to be able to set up favorites in order to create real-time accessible reports that you could reach out to whenever you need to. You can also export the results in different formats such as HTML, CSV and Excel for your own personal convenience. The platform is going to provide you with tons of opportunities which you can take advantage of in order to properly optimize your margins and get the most value out of every single product that you offer on the market.
