How to identify your Top 5 Competitors via Competitive Price Intelligence?

| READ 2 MIN
How to identify your Top 5 Competitors via Competitive Price Intelligence? Download PDF
How to identify your Top 5 Competitors via Competitive Price Intelligence? GrowByData

Product price is an important factor impacting sales of any product. The economical price is a dominant factor during the buying decision phase – where buyers are always looking for the best deal. Therefore, among other pricing strategies, competitive pricing is indispensable to retailers.

Product price is an important factor impacting sales of any product.

The Nearest 5 Competitor report helps a seller to monitor its Nearest 5 competitors in terms of price who sell or offer the same product. Furthermore, the report enables a seller to price optimally and be adequately competitive.

The Nearest 5 Competitor report in GrowByData’s Competitive Price Intelligence application is available under My Reports menu. In the report listing grid, click on CPI Nearest 5 Competitor report to view the report.

Image 1 - How to identify your Top 5 Competitors via Competitive Price Intelligence?

Various filters are available in the reporting tool, which allows the user to view reports as per requirement. Users can view the nearest five competitors by platform type – Google or Amazon. Additionally, the report provides filtering capabilities by Sellers, Price Ranges, Brand, and Product Category. Users can view or export the filterable product catalog (SKUs) reports.

The Run Date filter is used to access previous or archived reports. Lastly, the product name or SKU filter enables the user to drill down the nearest competitors one SKU at a time.

price of top 5 competitors

GrowByData Content Team

Team of Data Analyst, Business Analyst, and Project Managers with years of experience in data analysis and online retail industry

Don't Forget to share what you have learned

Leave a comment on this post

Your email address will not be published. All fields are required.


captcha

Like Our Post?

Receive Latest Insights In Your Inbox

“Ad intelligence gives unprecedented near real-time visibility crucial to improve
Google Shopping Ads Performance with high fidelity insights and granular competitive data”

“GrowByData solution provides accurate price intelligence data for price optimization,
implement dynamic pricing strategy, product repricing and powerful reports”