Competitor Price Monitoring

Build your price strategy with our great experience.

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Services in numbers
82%

Of customers compare prices before choosing the brand


100%

Of data accuracy is guaranteed

100%

Of our clients use our data to form price strategy

How it works?
  • You fill out the request
  • We analyze our experience
  • We check the competitor’s prices
  • We compare your price level to that of your competitors
  • You develop pricing strategy
Our high quality standarts
  • 100% of data is Geo-tagged

    100% of data is Geo-tagged

  • verified
  • Medal

    Own high-quality standards and app

  • verified
  • Fast data delivery

    Fast data delivery

  • verified
  • Globe Grid

    Global coverage

They have already improved their performance
Nivea
Nivea

“A large base of mystery shoppers allows evaluating the quality of service with the coverage of the whole country. Comfortable functionality of the report-system allows producing the statistic data in the frame of each store and consultant, in addition to the questionnaire components. Such a method of data flow allows to rapidly monitor the level of service, as well as to provide prompt feedback to our employees. All of the above help us to greatly increase the level of professionalism.”

UniCredit
UniCreditBank

“It’s worth noting the following advantages of working with 4Service Group: – User friendliness of “Shopmetrics” platform. – A large base of mystery shoppers, thus facilitating “rotation” standards. – Flexibility and high-professionalism of the project team. As a result of our experience, UniCreditBank would like to fully recommend 4Service Group as a reliable and competent Mystery Shopping provider.”

Karcher
Karcher

“We started out with an open audit concept. But this concept did not reflect our real goals. In other words, the customer’s point of view was missing from the equation. And then we decided, after receiving the first results from our Russian colleagues, to start afresh with mystery shopping as a new tool to improve our sales performance.”

BBB
Better Business

“Quick and efficient fieldwork. Prompt responses and updates from the primary contact.”

Jysk
Jysk

“The polls are carried out with a certain frequency in order to keep track in time; the procedure has been done for decades. We conduct them once in half a year, measure brand knowledge, brand attitude, consumer perception of price level, quality level compared to specific competitors as well as how our consumers perceive the level of service in the store, that is, we evaluate all the factors. ”

Kamaz
Kamaz

“4Service offers high quality investigations and we are absolutely delighted with their results which help us evaluate customer loyalty and influence how we improve on our service. We feel 100% certain we have made the right decision in choosing 4Service to conduct this work for us.”

Socar Cases
Socar

“Socar highly recommends 4Service as a reliable partner. They conduct high quality quantitative and qualitative studies and provide invaluable guidance on how to move forward.”

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With pricing audits, you can сompare your price level to that of your competitors and much more Find out

Regardless of what kind of business you run, wheresoever you need to monitor your competitors actions in the market. Looking further forward, especially you should put more focus on conducting competitor price tracking. Competitive pricing intelligence is a systematic data collection from open sources with the aim for better understanding your competitors’ structure, corporate culture, capabilities and weaknesses.

Today we offer a selection of the most diverse ways for identifying, tracking and analyzing competitors that can be used by any organization for gaining competitive advantages. If you want to learn building effective competitive pricing policy, continue reading this article and heed our advice.

Business Intelligence Tips From Price Audit Company

Competitive pricing analysis is the most important component of any store development. Understanding pricing in the market allows you planning sales and building business development tactics. Obviously, for most buyers, price is the most significant factor when making a purchasing decision.

Many online stores visitors compare prices not only between goods from one store, but also evaluate offers from various online sites. Business owners must do the same. Without understanding of what is happening on the market, it is difficult to remain competitive. If your potential customer can find the best price, discount or promotion from competitors in a few minutes, presence of excellent traffic loses its value.

Information, gathered in a result of study, will allow you to:

  • Determine how much the SKU price at online store matches the market;
  • Calculate competitors’ margin (and evaluate sales potential);
  • Form your own pricing policy;
  • Prepare a SKUs list for marketing activities for attracting a percentage of store visitors.

Competitor Price Watch As Marketing Tool

 

All successful companies conduct competitor price comparison in terms of market navigation. If you want to professionally organize this kind of intelligence in various business fields, as well as eliminate the risk of being misinformed and deceived, enquire with specialised experienced agencies.

Competitive pricing analyses should be conducted from time to time or regularly by each enterprise, as soon as it feels the need getting information on the goods cost from other market participants. It does not depend on the field of activity. However, often employees when conducting competitor price monitoring, cannot achieve their goals.

So as not becoming a victim of misinformation from competitors, check with our price monitoring company. We guarantee that we correctly provide price monitoring service with the effect to obtain necessary information and for the purpose of avoiding misinformation from the studied company.

Nota Bene

Monitoring competitors’ prices is an essential part of each enterprise’s development, thanks to which you can increase conversion percentage. In trading world, decision-making speed and data amount is constantly growing. Accordingly, in order to quickly take into account market changes, set prices and inform target audience about this, it is necessary to use the latest technology.

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