In recent years, Big Data analysis has been in high demand, and there are no longer any projects without involving data sets in some way.
With eCommerce pricing actions becoming more competitive, technology has become a key component to evaluate them. Thanks to advanced machine learning algorithms, all kinds of online pricing activities can be constantly monitored, optimized, and analysed better.
One of the most common e-commerce strategies includes selling packaged products, from groceries to consumer goods and software is bundle pricing. It allows you to create a better deal for your customer when adjusting pricing based on structural, shipping, and logistics costs.
When your products are cruising worldwide to land on retailers’ or marketplaces’ digital shelves, you do not want to be just an observer.
Price sensitivity is a well-known topic both for offline and online shops. Even if you have never focused on it before, you have noticed it while running your business.
During the pandemic crisis the number of Marketplaces that help e-retailers to rapid growth increased. Let’s discuss the pros and cons.
The analytical team from Modvise has conducted a study comparing prices of products available during the start of 2021 Allegro Smart! Week shopping festival.
Prices of products do change every day. It is crucial to understand how these changes impact your business.
Pricing optimization can seem complicated. Although in reality, it is not. It is simply the process of optimizing the price of a product or service.