Wiser’s new infographic can help retailers capture more sales with a dynamic pricing strategy.
San Francisco, CA (PRWEB) March 31, 2015
The ecommerce industry is extremely competitive, and it can be difficult for smaller retailers to keep up with giants like Amazon and Walmart. Retailers of all sizes have to compete with big box retailers every day, a difficult feat seeing that Amazon changes its prices as often as every 10 minutes. However, a dynamic pricing strategy can give independent online retailers the boost they need to keep up with the giants.
Wiser’s new infographic, “A Dynamic Pricing Checklist To Get You Into The Final Four,” provides retailers with a comprehensive checklist to make sure they are getting the most out of their dynamic pricing strategy just in time for March Madness.
There are three main components to a successful dynamic pricing strategy. One of them is awareness, in which online retailers need to know what’s happening in their respective competitive landscape to benchmark against competitors. Doing this can help them collect data and make decisions quickly. And since 39% of retailers fail to collect data fast enough, reacting quickly to changes in the market will give you a big advantage.
Arie Shpanya, CEO of Wiser, adds, “A successful dynamic pricing strategy requires a combination of awareness, automation, and analysis. Wiser’s new infographic explains how retailers can incorporate these three factors into their dynamic pricing strategy so they can get ahead of the competition. Regardless of their size, we hope retailers consider a dynamic pricing strategy for their businesses. ”
Wiser’s new infographic can help retailers capture more sales with a dynamic pricing strategy. As March Madness reaches its grand finale, now is the time for online retailers to get their heads in the game and compete with confidence with the help of their pricing strategies. Just like the annual college tournament, the online retail space has plenty of room for Cinderella stories.
To view the full infographic, click here.
Wiser provides a complete suite of solutions to give retailers, brands, and manufacturers the edge to stay both competitive and most importantly, profitable.
Wiser’s flagship product is WisePricer, a full-featured dynamic pricing and merchandising engine that monitors, analyzes and reprices retail products in real-time. WisePricer enables retailers to boost profit margins and revenue, price with confidence, and improve merchandising through powering the development of a sound pricing strategy.
Wiser also offers a MAP monitoring solution, WiseMapper, for brands and manufacturers to monitor and protect their pricing across the thousands of retailers selling their products.
For more information on Wiser and WisePricer, please visit wiser.com/wisepricer.