Powerful marketplace engine

Product Overview

Description

Powerfull marketplace engine with easy-start

We propose a powerfull engine for creating a marketplace using existing webshops. 

GetRealPrice platform will daily grab range&prices from other webshops and deliver the compared data to your clients. Here are the details coming of how it works:

Price monitoring (How to sell at competitive prices every day if you have no own products)

There are many definitions of price monitoring, as each person puts their own sense and depth of understanding into the process. We suggest simplifying things and consolidating all types of monitoring into 2 options:

• Information supply: Price monitoring – obtaining data regarding prices;
• Product supply: Price monitoring – obtaining data regarding prices and facilitating a business process allowing to determine how to work with this data.

In the first case, Getrealprice performs regular price updates in all you-are-interested-internet stores to match the levels of specified countries, cities and stores and presents data in form of a comparison to enable our clients to make their own decisions regarding the pricing for each specific product.

Also, the client can independently define their policies for product availability, delivery terms and their presence in various cities. By the way, price dispersion across the cities of Russia are still significantly high for some product groups

Also, the client can independently define their policies for product availability, delivery terms and their presence in various cities. By the way, price dispersion across the cities of Russia are still significantly high for some product groups

In the second case, the product is called Getrealprice: MarketPrice, where we together with the client specify the competitors and set pricing rules in the context of:

• top-100 products;
• each category;
• each brand;
• new products;
• products without direct rival products (so-called “me-too” products).

 

It seems like there’s nothing new here, but monitoring and auto-pricing systems operate efficiently and reliably in Russia only in around thirty large companies, which are currently cooperating with Getrealprice. In our view, this is caused by the depth of approach and quality of coordination with contact persons – our company pays a lot of attention to these factors during our client cooperation.

Product range monitoring (What and when to sell at competitive prices, which products to purchase and which to avoid)

In order to compare product ranges of various retailers on categorial level, 6 years ago one needed literally to “go shopping” and make records about products. Let’s say this is not a very efficient solution considering expenses, precision and promptness. Thus, here at Getrealprice we have designed and adopted a system for rival product range classification allowing to bring all products from various internet stores to a “common denominator”, the role of which is played by the categorial classifier of the client.

With this solution You have access to the daily updated data on the levels of categories and all products within these categories, and You can see the complete picture of the whole Internet.

Under the hood of the system is daily labor of around ten Getrealprice human-operators, checking and putting products on the relevant shelves of client classifier, allowing to take prompt and precise decisions for every product item of one’s range on operational level and stay a step ahead of other market players. And on the strategic level, one get ability to evaluate the dynamics of product movement immediately at categorial level and in the context of any number of retailers from monitoring data, promptly explain the movement and accommodate. And also stay a step ahead in your tactics.

This picture with compared product ranges is additionally completed with a system for profitable range tracking. The number of products on the global markets today is huge and exceeds any reasonable limits of the range of average internet stores, however in some cases, the assortment cannot always be the same.

*****

 

Please contact our sales for discussing details.

Thank you for your interest!