Consumers shop around a lot more now to get the best price, meaning a retailer could miss out on a sale because of the simple fact that they were priced too high
Newcastle upon Tyne, UK (PRWEB) May 30, 2012
A North East start-up is enjoying increasing international success less than three years after launching. Competitor Monitor is now a leading organisation offering a price intelligence service to ecommerce sites worldwide, enabling them to monitor their competitors’ prices on thousands of products.
Competitor Monitor boasts a portfolio of internationally recognised retailers and manufacturers and whilst their initial target market was SMEs, the product was quickly recognised by blue chip companies worldwide who identified with the need for such a product. “The nature of our service allows us to work with organisations all over the world, whether they are SMEs or major global brands” says Stephanie Clish, Head of Marketing. “Given today’s economic climate, price now takes precedent over any other selling proposition, highlighting the need for online retailers to monitor their competitive landscape. Consumers shop around a lot more now to get the best price, meaning a retailer could miss out on a sale because of the simple fact that they were priced too high.”
Competitor Monitor attribute their success to their ability to satisfy a genuine need that would otherwise be costly to organisations, both in terms of time and money. They pride themselves on their ability to provide the highest standard of service to all of their clients, irrespective of size or location. “Our success is simply down to our product solving a real need for retailers and manufacturers, along with providing an excellent service,” added Stephanie.
Their continued success has seen Competitor Monitor grow significantly and they have just opened a new office for their operations team. Having recently secured a contract with one of the world’s largest toy manufacturers, they are going from strength to strength. Technical Director Adrian Teasdale commented, “We have a strong focus on the future of Competitor Monitor and our ability provide our clients with the best software. For that reason we continually invest in R&D and we are soon to be launching new features to our existing software as well as new online intelligence tools. So watch this space!”
Competitor Monitor’s formula for success is clearly working and their focus on product development shows that they have no plans of slowing down.
Visit http://www.competitormonitor.com to receive instant access to a trial account.