How do you analyze competitors' pricing?

How to Find Your Competitor Pricing

Find out how much your competitors are charging their customers for the same products or services using four different techniques.

Top Pricing Strategies for Your Shopify Store With Examples

If you are selling on Shopify, one of the most important parts of your store is the pricing. Click here to learn all about top pricing strategies for Shopify stores.

Can competition pricing be reduced?

How to Monitor Competitor Prices to Optimize Your Product Pricing

Learning how to monitor competitor prices ensures you can leverage the best possible profit margins from your own products. Here’s what you need to know about competitor price tracking.

What should I do if my competitor starts a price war?

Hi, I could lower the price of the wigs that I am selling on Shopify. Consequently, everyone lowered their prices and when I looked again I noticed that one of the competitors dropped their price

Can you calculate bundle pricing in excel?

Hello everyone! WHo here uses excel for the Shopify store calculations? Is it possible to set up a spreadsheet with formulas in excel so that I can easily calculate new pricing bundles? Thanks!

Can you sell below MAP pricing?

Hi, what will happen if I cut below the minimum advertised price? Will it start a price war?

How do you justify value-based pricing?

Hi, I can't seem to wrap my head around value-based pricing. I understand that making a profit is essential. I can't help but wonder how one justifies asking the highest possible price to stick t

Is the price matching strategy good for business?

I'm looking at the different pricing strategies I could use, and price matching seems like a good one. What customer wouldn't want to buy from you to match the lowest price? However, since ever

Does price skimming allow for market fluctuation?

I have some elastic products in my store, and I wondered whether price skimming would also provide price elasticity?

Why is price sensitivity important?

When I read up about pricing my products, I read that I must take pricing sensitivity into consideration. What does this mean, and why is it so important?

How do you do tiered pricing on Shopify?

I think that a tiered pricing system, possibly with some discounts, would go a long way to boosting my sales and gaining some customer loyalty. Is it possible to set up a tiered pricing system on

Is personalized pricing illegal?

When I looked into the personalized pricing trend, I saw that it was based on each individual's willingness to pay. While this sounds great, I am concerned that the personal pricing strategy viol