The Ultimate List of E-Commerce Price Monitoring Tools

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You’re sitting there, in front of your computer, about to list a new product that you want to sell (hopefully with the help of Crosslist 👀), when you realize that you have no idea how to price it. Sound familiar? 

No matter how long we’ve been at it, pricing our products accurately is something that all resellers struggle with. Price your item too high, and you risk losing sales to your competitors. Price too low, and you won’t make much of a profit.

Enter: e-commerce price monitoring tools. Not only do they help you come up with optimal prices for your products, they also spy on your rivals’ prices, letting you price your own items competitively. 

We’ve rounded up the best of such e-commerce pricing tools for you to test out. 

1. Crosslist’s AI add-on

Crosslist, your favorite multi-channel e-commerce software, now has an AI add-on that helps you generate entire product listings and gives you pricing suggestions – all for the low price of just $4.99/ month. 

Our AI tool trawls through the internet to analyze market trends and come up with optimal pricing suggestions for your products. All you need to do is upload your product images and ask our tool to do its thing! 

The bonus of using our add-on? You won’t have to pay a separate subscription fee for a new pricing tool. 

2. Prisync

Price: Starts at $99/ month
Free trial: 14 days

Prisync helps you track your competitors’ prices, gives you price updates 3x a day, and even lets you monitor the stock of your rivals. When your competitors are out of a certain product, you can price it higher and increase your profits. 

This tool also lets you track the prices of product variants (i.e. how the prices for the same products differ across colors, sizes, etc) and offers dynamic pricing that automatically adjusts your own prices based on trends. 

3. Wiser 

Price: Contact Wiser

Wiser gives you fully customizable, live price analysis that helps you get a good grasp of the market and optimize your pricing strategies by finding the perfect balance between competitiveness and profitability. 

You even have the option of using the data to update your prices in real-time – all without the help of any developer resources. In short, it does the work of a financial software development company, making sure that you stay one step ahead of your competition and earn more sales!

4. Pricefy

Price: Starts at $49/ month
Free trial: Free plan available

Once you upload your product catalog, Pricefy automatically matches your products to that of your competitors and starts comparing your prices – in any currency, country, and online marketplace that you want. You get pricing updates twice a day, helping you understand your place in the market.

You also get alerts when your rivals change their prices. Moreover, Pricefy lets you adapt your pricing in real-time with the help of repricing rules. 

5. Price2Spy

Price: Starts at $78.95/ month
Free trial: 14 days

In addition to giving you a high-level overview and in-depth analytics of how your prices compare to that of your competitors, Price2Spy also has a dynamic repricing module that adjusts your prices according to the trends and daily alerts on price + stock changes. 

But, the place where it most shines is with its ability to keep track of historical pricing changes over time. This helps sellers like you analyze how and why trends change over time. Maybe certain seasons have a higher demand for certain products. You can use this data to grow your e-commerce sales over time. 

6. NetRivals by Lengow

Price: Contact NetRivals

NetRivals gives you access to granular competitor monitoring with a 360° view into the market and your rivals. It helps you track your competitors across independent e-commerce stores, reseller platforms, and even comparison shopping engines. You can compare the prices of products based on their attributes and see how they differ. 

You can set alerts to reprice your products automatically across all sites. NetRivals also integrates with Google Analytics to help you monitor how your repricing strategies are impacting your sales! 

7. Pricer24

Price: Starts at $250/ month

Pricer24 monitors pricing changes across the market all day – even at night and during weekends – to give you updates 5-7x per day. Selling something with volatile price changes and need updates every hour? This tool can do that, too! 

By accessing detailed reports and charts of price fluctuations, you can use the pricing automation solution to increase or lower the prices of your own products in real time. Pricer24 also monitors promotion events run by your rivals and gives you data on the most popular products in e-commerce. Are all of your competitors running a sale? Don’t fall behind! 

8. Minderest

Price: Contact Minderest

Minderest uses AI to monitor your competitors’ prices accurately (even from physical stores), identify their best-selling products, and get notified about any new items in their catalog. 

Its AI algorithm also gives you optimal pricing suggestions based on your rivals’ prices and promotions, your own sales figures, time of the day, and seasonality, and lets you reprice accordingly. The best part? You can test your pricing strategy with their simulation software before it goes live! 

The AI tool also gives you suggestions on when to run promotions to increase sales (and how much discount to offer) and forecasts demand to help you future-proof your business. 

9. Omnia Retail

Price: Starts at $432 for small and medium businesses

Free trial: Free demo available

Omnia’s e-commerce price monitoring tool not only helps you track price trends and respond appropriately to the market demands, it also helps you come up with piercing strategies and test them out before you execute them. 

What we really liked about this tool was its transparency. When Omnia gives you a pricing recommendation, you have the option of finding out how and why it arrived at that price point. This data is very beneficial and can prove to be valuable when you’re coming up with a long-term strategy for your business. 

How to find the right e-commerce price monitoring tool

The pricing tool you pick should have the following features:

• Highly accurate data
• User-friendly without a steep learning curve
• A demo version or a free trial
• Customizability
• Notifications about price changes
• Privacy
• Accurate product matching with that of your competitors
• Automated dynamic repricing tool
• Ability to track prices in several currencies
• Regular price monitoring with at least 2 updates per day

With the right e-commerce pricing tools, you’ll be able to stay competitive in your market and increase your profit margins by selling your products at the prices that customers want.