When starting out with a new business, it's easy to assume that you're going to make better margin than the realities of the market. Everyone underestimates the competition. Hence why so many businesses fail in the first few years.
Using our detailed market analysis and simulations, we can show you exactly what margin you can obtain in the market place whilst remaining competitive - Take the guess work out of what you think you can achieve. Do it on EVERY ITEM you intend to stock.
With this sort of information, you approach your business with a new found confidence. Confidence gained from knowing what most of your competitors did not know when they started. When you feel confident, you become successful.
"Make your own success using the latest in business intelligence technology available today."
Our custom built price position harvesting engine is efficient. It collects the data you require in a respectable and accurate manner.
Using this data we can then build a report giving you insight into your competitors business with detail that you could never imagine.
We use the whole Internet to get your market position.
Knowing what the cost price is you'll be able to source products for. You can compare this with your competitors pricing to establish achievable margins for each item you sell.
Armed with this information the guesswork is taken out and your potential is made clear.
How to Use
You may then want to create a penetrative pricing strategy to undercut the competition and grab the consumers attention at your new business. Start strong!
When working on such skinny margins using this approach, you need reliable and accurate data - you cannot afford to make mistakes when taking on established players in their own market.
Our report will also show you what pricing strategies are being employed at your competitors operation. Identify loss leaders (selling PRODUCT under cost to get the business) on products they use to grab the customer.
See where they then use this pull to employ "high-low" pricing —e.g., getting them in on a cheap camera but then selling memory cards, batteries and cases at a much higher margin as the customer is processed through check-out. Making the customer pay for the convenience.
We give you insight's into your competitions pricing strategy that they themselves would not even be aware of. This could be used against them, or taken as a lead for your pricing model.
We're not re-inventing the wheel here. If it works, then good.
All will be revealed with our detailed market analysis. The competition cannot hide!
Take advantage of our custom technology to stake your claim in the largest internet retailing boom we will ever experience!