⭕ Price Analysis Techniques

With any purchase of goods or services, including sole source items, some type of cost analysis is required. A part of this analysis is verification of pricing.

For buyers, the opportunity to compare prices from different retailers at a glance helps them save money by finding good deals. Most of these sites now also carry user ratings that help buyers make decisions about products and retailers, and some even recommend new products to buy.

So there is plenty there for buyers. But what can a typical small business owner and buyers learn from a price comparison website?


What businesses and buyers can learn from price comparison sites?

Key Points
Price comparison solution can be used for:

• Product catalogs
• Search, browse and compare products
• Search by product name, UPC, manufacturers part number
• Scan barcodes to find products from thousands of retailers
• Sort by Price, rating or popularity
• Compare prices
• Watch out for hot products and spot trends
• Check out product details
• Find out whos selling what
• Keep up to date on price
• Pay attention to user ratings and reviews
• Compare levels of service
• and much more...

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