PriceRest Alternatives For E-commerce – Choosing The Best Competitor Price Monitoring Tool for Your E-Store
- 30 September 2024
To succeed in the ever-changing world of e-commerce, one must have a solid understanding of price monitoring solutions. By examining PriceRest alternatives for e-commerce, this article will assist you in improving your company’s pricing strategy. What’s more, we’ll make a thorough comparison of the tool’s capabilities with what Dealavo, our in-house price monitoring software, has in stock for you.
Introduction
Should you consider using PriceRest as your e-commerce price monitoring tool, you might just want to know a thing or two about its features. A wide range of functionalities regarding competition tracking and price monitoring wait here for you to implement them in your e-commerce strategy.
PriceRest gives you competitor price monitoring every e-store deserves. The tool’s flagship features focus around competition analysis and MAP/MSRP tracking. By granting you complete control over your partners’ product prices, MAP monitoring aids in the optimization of your pricing strategy. MSRP, on the other hand, is manufacturer’s suggested retail price. Its role is to prevent any unfair pricing strategies among resellers and retailers by “suggesting” standardised prices for certain products. The difference is that MAP functions as an obligation and shows your partners a minimum price point, whereas MRSP works as extended suggestions as to how to sell your products.
Besides PriceRest, however, this article will also tell you about our PriceRest alternative, Dealavo, and what functionalities it can offer for your e-commerce business. Our PriceRest vs Dealavo comparison will provide you with insights on what are the most important pros and cons of both these price monitoring tools for e-stores.
The Importance of Price Monitoring For E-stores
It’s crucial to keep an eye on your rivals within the e-commerce market in order to gain competitiveness and to know what to do to succeed. PriceRest is a great choice for those of you who would like to maximise their competition tracking methods and leverage MAP/MSRP monitoring. All of that will provide you with valuable data that will help you make better pricing decisions.
PriceRest’s price analysis and Dynamic Pricing mechanics will help you keep your product prices under control. This way, it will be easier for you to maintain your competitiveness and stay ahead of your rivals. The tool’s smart repricing features and market analysis will yield you solutions for increasing your sales.
PriceRest can be also classified as a Minimum Advertised Price Monitoring Software since MAP monitoring seems to be the focal point of the tool’s intended use. MAP and MSRP monitoring’s aim is to help e-stores’ owners avoid possible price violations, thus protecting their business’ image and secure their market position. PriceRest will provide you with detailed information on various retailers’ pricing strategies, giving you insights on how to keep your brand’s representation on the appropriate level.
What Are Price Monitoring & Competition Tracking Tools?
Tools for price monitoring and competition tracking for e-stores let you automate your pricing processes in order to craft the best pricing strategy for your e-commerce business. By tracking your competitors’ actions and analysing the market, these programs help your e-store stay competitive 24/7. Thanks to the data they collect, you can make well-informed pricing decisions and go for the top.
Using PriceRest, you’re able to monitor your prices thoroughly, including watching MAP & MSRP indicators, and thus avoid harmful price violations. Price monitoring tools, like PriceRest, will also give you access to advanced pricing features, such as Dynamic Pricing and automatic repricing, that cater for your pricing strategy stability and flexibility. This ensures your e-store’s competitiveness and protects your brand’s image. In general, price monitoring tools are there for collecting data, giving market insights, and automating troublesome processes regarding pricing. Those tools track your competition’s product prices by watching certain websites via URLs.
There are a number of things you should think of, however, before making the final decision as to which price monitoring & competition tracking tool would be best for your e-commerce business. Various tools offer different solutions, but they also may be limited in some ways. For example, you might be required to pay extra for adding more websites to be monitored or for adding more users to the licence (if you want your team members to have access to the administrator’s dashboards). It’s important to weigh all the pros and cons, since making the right decision change everything for you.
MAP & MSRP monitoring seem to be the main features of PriceRest, as it stands on their landing page, too. The tool’s specialty is protecting its users’ brands’ images and helping them thrive through avoiding harmful price violations. To offer complex services, PriceRest will also give you access to:
- Dynamic Pricing with automatic repricing,
- matching module with competitor suggestion,
- stock monitoring,
- daily notifications.
Starting off is pretty simple – all PriceRest needs are some URLs to the websites with the products you want the tool to monitor.
Apart from PriceRest, however, there other price monitoring tools that you might want to take into consideration. Dealavo is our PriceRest alternative that you just might find really attractive. This price monitoring and competition tracking tool boasts with its robust Dynamic Pricing solutions, powered by sophisticated AI algorithms for best pricing optimisation results. Read on to check our PriceRest vs Dealavo comparison.
PriceRest – Main Features
PriceRest is an e-commerce platform with a standard set of price monitoring features, focusing especially on MAP & MSRP monitoring. Complementing these functionalities with the power of Dynamic Pricing and repricing, PriceRest makes sure your e-store will stay competitive, and your pricing strategy will be safe and sound among the dynamic e-commerce market rivalry.
Another important aspect of PriceRest is its ease of integrations with several e-commerce applications. The tool will let you integrate easily with such websites and platforms as eBay, Amazon (with Amazon Marketplace), Google Shopping, Etsy, WooCommerce, AliExpress, and other popular brands and solutions for e-stores.
PriceRest serves customers across 35 countries. The tool boasts the trust it has earned from such giants as Razer, Kärcher, Vileda, Duracell, or even Samsung. What’s more, according to the information on PriceRest’s official website, their team is ready to form a special, dedicated group should there appear a requirement for some feature or service PriceRest does not offer in standard.
PriceRest also lets its new users to test any of their three pricing plans free of costs for 14 days. You can also cancel any time you like if you think this is not what you’ve been looking for. The cheapest, Basic, pricing plan lets you monitor up to 100 products, simultaneously providing you with unlimited competitors tracking.
PriceRest’s pros:
- intuitive dashboards,
- advanced MAP & MSRP monitoring,
- integrating with several popular platforms and systems,
- competitor suggestions,
- capability to form special teams for the implementation of custom features on demand.
PriceRest’s cons:
- lack of API,
- Dynamic Pricing is not available in the Basic pricing plan.
Links:
Comparing PriceRest vs Dealavo
Our PriceRest alternative, Dealavo, is an online tool for monitoring prices and tracking competitors. Our Dynamic Pricing algorithms, which can be integrated into a variety of e-commerce systems including WooCommerce, Shopware, Shopify, and others, stand for one of Dealavo’s primary features. Our tool will enable you to create personalised price alerts and provide you with everything your e-commerce business might need to succeed in the fierce environment. On top of that, Dealavo’s API integrations give you access to a plethora of helpful e-commerce solutions, including various platforms and systems (e.g. WooCommerce, Shopify, Amazon Marketplace, eBay, and many others).
Our two-step data verification process is another noteworthy advantage of using Dealavo. In a nutshell, this means that once the data has been originally analysed by our artificial intelligence algorithms, the Dealavo Quality Assurance staff personally verifies it anew. This ensures that the data we collect for your stays of the highest quality possible.
Dealavo’s AI algorithms help you optimise your e-store’s profits
Futhermore, our tool also leverages advanced Dynamic Pricing features. The whole thing is about automatising pricing processes in order to keep the users’ e-store competitive in the demanding world of e-commerce. Our tool lets you set your custom pricing rules and gives you a high degree of flexibility as to what and how you would like to monitor. We also use artificial intelligence to enhance the results of our systems’ work.
If you feel encouraged to test Dealavo yourself, we offer you a free seven-day trial. Just contact us whenever you see it fit and sign up for our demo.
Dealavo’s pros:
- wide array of possible integrations via API,
- possibility to monitor competitors’ prices offline,
- fully customisable pricing rules setting,
- two-stage verification process of the data collected.
Dealavo’s cons:
- some elements of the interface might seem a bit complicated for the new users,
- a few integrations may need some improvements.
Links:
PriceRest vs Dealavo – feature comparison
| PriceRest | Dealavo |
| MAP & MSRP monitoring platform for e-commerce with Dynamic Pricing and competitor suggestions features on board. | E-commerce software for price monitoring and competition tracking that leverages AI power to bring the highest quality of data and resourceful insights. |
| advanced MAP & MSRP monitoring solutionseasy-to-understand dashboardscompetitor suggestions with matching moduleability to test any pricing plan cost-free for 14 daysdesigned to help avoid price violations | complex price monitoring and competition tracking featuresadvanced, AI-powered repricing capabilitiesdata-rich dashboardswide array of integrations via APIonline and offline price monitoring |
Conclusions
This PriceRest vs. Dealavo comparison was intended to assist you in selecting the most suitable e-commerce pricing monitoring tool for your e-store. Keep in mind that picking the best solution entails many pros and cons of both tools you need to think about.
PriceRest’s focus mainly on MAP and MSRP monitoring with flexible competitors tracking. Thanks to its clear and easy-to-read dashboards, it may be a great choice for inexperienced users. Additionally, PriceRest lets you test their pricing plans freely for 14 days, and the scope of this tool (across 30+ countries) might seem like a solid evidence of its actual worth. On the other hand, we offer you Dealavo – our own price monitoring and competition tracking solution for e-commerce. With our robust Dynamic Pricing features, powered by artificial intelligence algorithms, we can make you sure that the data we’ll get you will always be of the highest quality.
Apparently, the comparison PriceRest vs. Dealavo brings us no ultimate winner. Making the final decision is up to you, so weigh all the perks of both sides and try to pick the best partner for your e-commerce journey. Whatever you decide, please don’t forget that you can always sign up for a free Dealavo’s 7-day trial.
