Knowing how the prices of your online market are changing helps you build a solid sales strategy and maintain the right position in the market.

A price war is generated when you constantly undercut the competition to beat them. Most product discounts are not the result of a strategy. They stem from fear of becoming less competitive or an inability to correctly read the market data and interpret what the competition is doing.

The online market is very fluid and it’s changing constantly, which is why doing manual random checks or market research every now and then can lead to bad choices. Monitoring your market frequently and thoroughly is the only way to go to avoid falling into the price war trap and be sure you’re getting your products to customers at the right price. Competitoor does the work for you by analyzing each of your products and keeping tabs on the prices of whoever is selling them on any website or marketplace in any country in the world.