10 Best Price Monitoring Tools for Ecommerce

Looking for some valuable insights into your competitors' pricing strategies? We reviewed and compared the top price monitoring tools on the market to find the best options, each with its own set of features and benefits.

Here's an overview of the most reliable solutions you should consider:

What Is Monitoring the Price of the Products

Monitoring the price of products refers to keeping track of the prices of certain goods and services on the market over time. It requires regular analysis of the price changes, whether they've increased or decreased, and the reasons behind that.

For businesses, it can provide insights into their competitors' pricing strategies, market trends, and changes in demand so that they can adjust accordingly. Additionally, keeping an eye out on pricing changes helps consumers make informed decisions when purchasing and getting the best value for their money.

How to Keep Track of Competitors' Prices

Keeping track of competitors' prices can be challenging, but it's important for any business that wants to fare well in the market. There are several ways to do so:

• Conduct regular market analysis: That requires you to visit your competitor's websites, physical stores, or online marketplaces they use to sell their products and monitor the prices. As you can guess, that's a lot of effort and time.
• Analyze market data: Using tools like Google Trends, SEMrush, and SimilarWeb, you can stay on top of market trends and changes in demand. However, that requires experience, skills, and lots and lots of time.
• Use price monitoring tools: That's the best way to go, as these tools automate the manual processes mentioned above and offer many other benefits.

Let's see more about that!

What Are Price Monitoring Tools

Price monitoring tools are software applications that help businesses keep track of the prices of their own products, as well as their competitors'. They use web scraping technology to extract pricing data from various sources, like ecommerce websites, online marketplaces, and social media platforms.

The other handy features they might offer include:

• Price comparison.
• Price changes alerts.
• Historical data analysis.
• Competitors analysis.

Now, let's see the best options on the market to find the best fit for you!

Tools for Price Monitoring

Here are the ten best price monitoring tools you can't go wrong with:

ZenRows: Best Pricing Data Extraction Tool

ZenRows is a web scraping API that allows developers to extract pricing data from websites to help optimize pricing strategies. It saves users the trouble of writing code or managing servers and returns the data in a JSON format convenient for further analysis.

👍 Pros:

• Easy-to-navigate dashboard.
• Customizable requests.
• It gets around anti-scraping technologies.
• 24/7 technical support.

👎 Cons:

• It requires some technical knowledge to use.

💰 Pricing:

• 1,000 free API credits.
• Paid plans start at $49/mo.

Competera: Best Price Optimization Tool for Retailers

Competera is a pricing optimization and competitive intelligence platform that helps businesses improve their pricing strategy. It uses advanced data analytics and machine learning algorithms to collect data from various sources and provide real-time insights into market trends, pricing fluctuations, and competitors' strategies.

👍 Pros:

• Automated pricing processes.
• Customizable pricing strategies.
• Many integration options.
• Suitable for a wide range of industries.

👎 Cons:

• Challenging setup and learning curve.
• High cost.

💰 Pricing:

• Free trial.
• Undisclosed pricing.

Price2Spy: Best Large-scale Price Tracking Tool

Price2Spy is a web-based price monitoring and intelligence software designed for online retailers, brands, and manufacturers. It allows users to track competitor pricing across a wide range of ecommerce platforms and marketplaces and also monitor their own price changes to remain competitive and profitable.

👍 Pros:

• Detailed reporting and analytics features.
• Alerts when prices change.
• Customizable pricing rules.
• Easy-to-use software.

👎 Cons:

• Limited integrations.
• Limited number of monitored items.

💰 Pricing:

• 30-day free trial.
• Paid plans start at $26.95/mo.

Skuuudle: Best Price Tracking Tool for Domestic and Global Marketplaces

Skuuudle is a platform with a wide range of features, including competitor price monitoring, product catalog management, demand forecasting, and market analysis. It helps businesses optimize their pricing strategies and identify new market opportunities.

👍 Pros:

• Accurate and reliable pricing intelligence.
• Customizable reporting.
• A wide range of platform integrations.
• Available consulting services.

👎 Cons:

• It may require some time to learn and master.
• Some integration limitations.

💰 Pricing:

• Free trial.
• Flexible and customizable pricing plans.

Prisync: Best Price Graphic Reporting Tool

Prisync is a competitor price tracking and dynamic pricing software that allows businesses to gain valuable insights in real-time. It has great features, including product matching and price comparison, change alerts, and historical charts.

👍 Pros:

• Competitor pricing strategies are tracked across multiple channels.
• Automated pricing rules setting.
• Integrations with popular ecommerce platforms.
• Customizable reports and analytics.

👎 Cons:

• Challenging initial setup.
• The support team may take a long time to troubleshoot.

💰 Pricing:

• 14-day free trial.
• Paid plans start at $99/mo.

Repricer: Best Price Adjusting Tool

Repricer is a cloud-based software designed to help specifically Amazon and eBay sellers stay competitive. It automatically adjusts users' prices based on a real-time analysis of the current market conditions and competition. It also evaluates the implemented pricing strategy and provides feedback and recommendations.

👍 Pros:

• Detailed reports on competitor pricing, sales history, and profitability.
• Easy-to-use interface.
• Efficient client support.
• Convenient filtering options.

👎 Cons:

• Occasional technical glitches.
• Possible inaccuracy of the pricing algorithms.

💰 Pricing:

• 14-day free trial.
• Paid plans start at $85/mo.

Omnia Dynamic Pricing: Best Pricing Strategy Automation Tool

Omnia Dynamic Pricing is a platform that uses artificial intelligence and machine learning to help retailers optimize their pricing strategies. It allows for a dynamic adjustment of prices in response to changes in demand, competition, and other factors in real-time.

👍 Pros:

• It analyzes various sources to offer data-driven pricing recommendations.
• Automated pricing process.
• Suitable for a wide range of products.
• Highly scalable to fit the needs of retailers with large product catalogs.

👎 Cons:

• No standardization across portals for multiple markets.
• The initial setup requires some technical knowledge.

💰 Pricing:

• Free trial.
• Customized pricing plans.

BQool Repricing Central: Best Amazon Competitor Price Tracking Tool

BQool Repricing Central is a cloud-based repricing tool designed to help Amazon sellers automate their pricing strategy and increase sales. It uses advanced algorithms to adjust prices automatically and increase market visibility. The other handy tools in its arsenal include product research and feedback, and inventory management.

👍 Pros:

• Automatic real-time repricing in response to changes in market conditions.
• Detailed analytics.
• Customizable rules.
• It integrates with Amazon's API.

👎 Cons:

• Occasional connectivity issues.
• Limited integration options.

💰 Pricing:

• 14-day free trial.
• Paid plans start at $25/mo.

PriceShape: Best Price Recommendation Tool

PriceShape is a pricing intelligence platform that collects data from a variety of sources to provide real-time pricing recommendations and competitive analysis. It has customizable dashboards and reports to visualize essential insights and trends in a user-friendly way.

👍 Pros:

• Automated data collection.
• Price alerts.
• Support for various ecommerce platforms and marketplaces.
• Integrations with popular ecommerce tools, like Shopify, Magento, and WooCommerce.

👎 Cons:

• High learning curve.
• Incorrect pricing data at times.

💰 Pricing:

• Free trial.
• Plans start at $240/mo.

Zilliant: Best Price Monitoring Tool for B2B Companies

Zilliant offers AI-powered pricing strategies and sales optimization solutions for B2B companies. The AI algorithms analyze large sets of data to identify pricing opportunities and recommend profit-increasing changes. This tool finds application in diverse industries, including manufacturing, distribution, healthcare, etc.

👍 Pros:

• Real-time insights.
• Many integrations with other systems, including ARP and CRM.
• Notable customer base.
• Intuitive to use.

👎 Cons:

• Occasionally slow data processing.
• Steep learning curve.

💰 Pricing:

• Undisclosed pricing.

Conclusion

Choosing the best price monitoring tool among the numerous options on the market is definitely a challenge. However, you have many excellent solutions to help you optimize your pricing strategy and keep an eye out for your competitors. Of course, you should always keep in mind the particular needs of your project, your available budget, and your technical skills and knowledge.

Yet, these are three of the most popular tools:

• ZenRows: Best for extracting pricing data.
• Skuuudle: Best for analysis of domestic and global markets.
• Price2Spy: Best for large-scale price monitoring.

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