Hey guys I've heard one of our competitors use a program which searches the web for other companies who are selling the same product as them. This program then provides them with a whole list of data such as competitors selling price, margin they're making on the product, stock levels etc. Has anybody heard of anything like this?
I haven't. But why not just do a simple search in Google, MSN and Yahoo for the keywords that will bring up the competitors anyway, either in ranking or in their ads that are off to the right in a search?
Yeah this is what we do currently but we have to do this for every single product on our site, and when we need to make price changes to over thousands of products at one time it can be rather time consuming.