Staying in touch with current trends in the market is crucial in every business. If you’re looking for a price monitoring software that allows you to learn about a variety of features, look no further! In this article, we’re going to compare PriceGrid vs Dealavo. Dealavo focuses on providing price monitoring software as well as e-commerce data with Dynamic Pricing Feature to a wide range of businesses, brands, and e-shops. We are a company with more than ten years of experience in price monitoring for multiple customers that including e-commerce enterprises, and online shops from those operating on a smaller scale to significant market players like Braun. Dealavo also offers solutions like price checker, that are perfect for individual sellers on popular services like amazon.com, allegro.pl, and others.
Monitoring your competitor’s actions and pricing policies is essential in staying ahead of the competition. No matter if you’re a small business or a big company, we are ready to provide you with a wide range of data so you can know at what prices other companies sell their products or services at all times. We implement solutions adjusted to the scale and scope tailored to the needs and range of activity of every one of our partners. All the features offered by other entities on the market will be just one click away for you! We are ready to provide you with full information about your competitors in areas such as the history of their prices and their fluctuations (dynamic prices), scope and range of seasonal changes, how big are their selling numbers in offline markets, and many others.
PriceGrid with Dealavo Comparison
There are several factors that characterize the price monitoring process. They differ from each other, but everyone is important. Together, when analyzed in every detail, they provide a powerful tool to keep up with your competitors, recognize their strategies and adjust to them. You can plan your moves ahead of them, so it’s you, who ultimately gets the top prize!
Here are the data presentation featured compared across both tools:
As shown, both software presents gathered data really well, but Dealavo comes out on top with the Open API interface, which is key when clients want to adjust the tool to their own software.
Cloud-based or on-premise software solutions
Dealavo, as well as PriceGrid offers cloud-based price tracking software. That type of software is very convenient as it doesn’t require any computer or server on which it operates from the customer. Cloud-based software means that it’s much more affordable and any maintenance is done by the provider – in this case it’s Dealavo. Cloud-based solutions are also much safer as they are in secure locations under the company’s control. They are usually deployed with full functionality, in a significantly shorter time because everything is done by the team of engineers right away as they’re working at the office, without having to reach a given client and do the necessary work at their place.
Implementation and integration
Implementation of the service is done by Dealavo on the same day you purchase it. PriceGrid doesn’t provide information about their standards in this regard, which doesn’t necessarily mean that they don’t offer it on the same day, but we think that lack of that kind of information speaks for itself. You be the judge. It’s important not to be mistaken here: implementation is a different thing than integration. The latter means that we not only provide the product, we also integrate it into your system. Dealavo takes special care about every element of the system so every single feature works perfectly providing you with reliable support at all times. PriceGrid doesn’t provide any integration support. That means that when you purchase its product you have to worry yourself about making it work smoothly in your business environment.
Open API, sometimes referred to as “public API”, is offered by both PriceGrid and Dealavo. Open API, as its name suggests, is an application programming interface that is publicly available to software engineers and developers. Open API is a crucial feature that allows every user to adapt it to their specific needs to get universal access to consumers. It’s also important – Dealavo doesn’t charge any amount of money (there are companies that do) for access to software code as it’s fully open to every customer.
Machine Learning Component known simply as ML Component presents unique capabilities that are at a forefront of fast-paced progress in the software realm. Specific algorithms designed to learn by themselves from the data they gather guarantee the fastest and most accurate reaction to changing prices of your competitors. The term “Learning” is fundamental here. It makes the ML Component a powerful tool, as it is able not only to gather data but also to recognize patterns and changes. Moreover, that information is used to broaden the spectrum of its abilities to be used in the future, or as one could say to “learn” with time, to serve you even better. Dealavo and PriceGrid both offer such ML Components.
Repricing and Dynamic Pricing
Dealavo has advanced, robust features in the Repricing and Dynamic Pricing area that come directly from ML Components mentioned above. PriceGrid stays behind, offering simpler options. Dealavo ML Component is what gives its every customer the ability to stay one step ahead of the competition. Constant stream of fresh data combined with machine learning enables every enterprise to plan and implement price strategies that are accurate and successful.
Offline stock pricing
Monitoring offline stock pricing of your competitor can be tricky. Solutions developed by Dealavo make it easy! The information about the prices in physical stores is harder to gather and examine, but adequate software can manage it and produce results that are easy to digest and implement in your strategy. PriceGrid, just as Dealavo lets you monitor offline stock pricing of chosen competitors.
Promotion monitoring, historical pricing
Every business uses promotions, discounts and other forms of attracting customers. There are a few ways as effective in increasing your sales volumes as lowering prices periodically. The key to successful promotion, however, is not only putting your prices down but doing it at the right time and the right way. What’s the point of giving your customers a, let’s say, 10% discount if your competition gives 15% one at the same time! From your point of view, everything may be fine, you did lower the prices. The results however are much better for the other company, in this case. That’s why promotion monitoring and following historical patterns in prices offered by others on the market is so important. To stay up to date with any price fluctuations you should use Dealavo solutions, which offers you full promotion and historical pricing monitoring. PriceGrid also provides such a service.
Marketplace and e-shops tracking
Just as important as following prices of other market actors is being aware of prices being set by this market itself. It’s good to know not only what a given competitor does or seems to be planning (we mentioned that in the ML Component paragraph), but also what the market dictates. The best way of being prepared is to follow the full spectrum of market conditions. The same applies to specific e-shops. Even if you’re not in direct competition with some of them because of, for example, geographical location or certain specifics of your market it’s good to know what are the trends and actions taken by other entities. That’s also a good source of knowledge about the market. That’s exactly the function of marketplace tracking offered by both Dealavo and PriceGrid.
Competitor’s assortment reports
When you’re aware of your competitors’ prices, and the pricing trends they follow both online and in physical stores you need to know one more thing. Their assortment. Wouldn’t it be great to not only know what kind of promotion your competition gives and when but to also be able to have an idea why? Maybe they do so because they have too much stuff in their storage and they need to get rid of it? What if a hot period for a given product on the market is coming (summer – swimsuits) and your competition has low levels of assortment in stock? That may be crucial knowledge that may let you prepare and act accordingly. Dealavo and PriceGrid offer full competitor assortment reports, so you can always know what’s going on on the other side.
Distribution reports give an insight into how well your shipping works. The key to success is not only getting a customer, but to deliver the service or goods to them, so they’re happy. Remember – angry customers will statistically spread their opinion three times more often than a satisfied one! It’s best to avoid any mishaps and keep your eyes on every step of the process. Dealavo and PriceGrid let you do exactly that with their price monitoring tools.
Geographical scope and multi-currency service
Reaching every potential customer wherever they are is a huge advantage in the Internet era, which is an obvious truism. The same comes with multi-currency services. You want to be accessible to everyone, wherever they are, no matter what the currency in their wallet. It’s therefore also obvious and not surprising that both Dealavo and PriceGrid offer multi-currency services that can reach any place in the world.
Additional human QA verification
No matter how hard we try and how well we are prepared, there are always some unanticipated complications and things we just don’t know. Something may not be so easy to understand or you may need some additional explanation. Additional human QA verification takes care of that, letting you contact human support so every little query is answered and explained. At least in the case of Dealavo that provides such service. PriceGold doesn’t provide any details about it on their website, so the obvious conclusion is – they may not have it.