Compare product prices
  • Updated on 31 Mar 2020
  • 1 minute to read
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Compare product prices

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A price comparison script scrapes product prices and details from a website. These scripts generally collect two or more sources, such as prices from your online store and prices from a competitor's store.

To effectively compare prices, the data from both sources should be in the same format, and match product-for-product.

By automating the way you compare prices automatically, you can:

  • Increase margins by adjusting prices at the right time in the right place.
  • Maintain a competitive position in the market.
  • Improve cost management by using competitor prices as a negotiating ground with suppliers.
  • Review your own overhead cost and production cost.
  • Come up with effective pricing strategies, especially during sensitive times such as season-end sales or holiday seasons.

Most retailers and e-commerce vendors try to put as much information about their products online as possible. This is great for the customer, but by using Mozenda, you can turn this into a competitive advantage by watching details such as inventory levels, discounts, product turnover, new items added, new locations added, and other data points.

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