What good is data if it’s incorrect? As new solutions arise to solve the “How do I collect data” question, don’t overlook the importance of data validation and just how accurate that data actually is.
This is especially true in …
Dynamic Pricing vs. Personalized Pricing, What’s the Difference?
There’s the price you pay. And then there’s your price.
Dynamic Pricing is when prices change based on variables that are not related to the customer. Variables like these include the time of day, the temperature outside, the available supply …
July 5, 2018
eCommerce Pricing Optimization: In-house vs. Third Party Solutions
According to The E-Tailing Group, 94% of consumers are willing to invest time into comparison price shopping to make sure they’re getting the best deal possible. The importance of price on purchasing decisions makes it critical for retailers wanting to …
May 17, 2016
Major Home Appliance Companies Competing to be on Top
LG electronics has recorded the highest operating profit rate among top home appliance producers during Q1 of this year. LG electronics has been tightening their marketing initiatives to target specific consumers to improve sales and their focus has been …
May 13, 2016
Rule-Based Repricing vs Algorithmic Repricing
There are two kinds of people in this world: those who follow the rules, and those who break them. When it comes to your eCommerce business, the best option is to adopt both concepts and use them to your advantage. …
January 12, 2016
How to Choose the Right Inventory Management Software
The following is a guest post from Jacqueline Wibowo of TradeGecko.
So you’ve given in to all the buzz about how your business would thrive best with an inventory management software, how it could save you time and money, …
August 6, 2015
Keep Your Data Close, and Your Competitors’ Closer
The year is 2015, and the internet is chock-full of easy-to-access data for consumers and retailers. We create data every second. Whether it’s from a website or changing the price of a product, consumers and retailers alike are data powerhouses. …
June 24, 2015
3 Factors Needed to Build a Perfect Dynamic Pricing Strategy
There’s an urban legend about an architect who built one of the world’s most lavish libraries. The building was world renowned and extremely beautiful. It attracted thousands of people to read, study, and appreciate its beauty. However, a major flaw …
April 15, 2015
Dynamic Pricing: A Retailer’s Good Luck Charm
Most shoppers have experienced dynamic pricing at least once before. Different sectors like the airline and entertainment industries have been using it for years. But does dynamic pricing fit the hype it’s creating?
By now you know that dynamic pricing …
March 17, 2015