Are You Pricing Yourself Out of Conversions?
As consumers continue to turn toward large e-commerce marketplaces akin to Amazon and eBay, it’s important that merchants competitively price their products.
Get4it, a pricing intelligence platform provider, has announced the launch of its product pricing platform that will service medium to large retail merchants.
The new platform works by connecting directly to merchants' stores, importing the entire inventory and deciphering the optimal selling price by analyzing the competition. Interestingly, the platform uses more than price to find the right selling price - it also uses seller feedback rating. What’s more, in the event that their product is overpriced, get4it allows merchants to reprice products listed on popular marketplaces Amazon and eBay enabling them to always stay competitive with their prices.
“This launch has incorporated three main areas of functionality; Connectivity, Repricing, and Marketplace Intelligence,” states James DeBoe, founder and CEO of get4it. “As we execute our road map our customers will notice a strategic focus on these three areas. get4it will, in a very short period of time, connect to every major marketplace and popular cart offering, as well as offer ever more intelligence, not only around pricing, but also many other metrics that are proven to increase online retail sales.”