The cost of a product or service plays a vital role in determining and influencing consumer purchase behaviors. This is where web scraping services help to acquire and monitor pricing data from different sources that will allow you to stay one-step ahead of your competition. This is where web scraping services help to acquire and monitor pricing data from different sources that will allow you to stay one-step ahead of your competition. This is where web scraping services help to acquire and monitor pricing data from different sources that will allow you to stay one-step ahead of your competition. Here are some applications of web scraping for price monitoring

1. The cost of a product or service plays a vital
role in determining and influencing
consumer purchase behaviors because
60%
of consumers consider cost as
the most important factor while
making purchase moves.
This is where web scraping services help to
acquire and monitor pricing data from
different sources that allow you to stay one-
step ahead of your competition.
Here are some applications of web scraping
for price monitoring
#1 Optimize Pricing
Businesses are making
strategic pricing changes
by generating market-
specific insights from
the price data available
on the web.
#2 Optimize Product Catalog
Monitoring the stock
availability of your
competitors can help
you to optimize your
product catalog and
offer items at a very
competitive price.
#3 Enforce Regulation
Using web data, you can
monitor all your channel
partner’s websites in
real time and know
instantly when they sell
below the minimum
retail price.
#4 Dynamic Pricing
Using competitor and
market data you can
reprice your product, i.e.,
drop prices when
demand is low, and
increase price when the
demand is high.
#5 Fraud Detection
You can monitor the
price at which your
products are being sold
and if they are sold at an
unusually low price for a
certain time period, then
you can suspect that
something isn’t right.
Having a robust price monitoring strategy
isn’t a choice anymore, but has become a
crucial necessity for your business.
Focusing on price monitoring allows you to
make those extra sales and stay ahead of
your competitors.
If you are looking to acquire data from the
web to monitor pricing, then share your
requirements at sales@promptcloud.com.
Did you know?
Retail giants change product prices almost
50,000 times per month.
www.promptcloud.com