You already know that pricing is very important when selling in the marketplace. And, you also know, that there is a lot to consider when setting the price on a particular product. If you see that there is a large gap between your prices and your competitors’ prices, look at other factors. Maybe your product has more features or your product is made with better quality — you can highlight it to avoid purely price competition. Your goal here is to price the product in a way that makes sense to your prospects and makes sense to your business.
Analyze your competitor’s product listing efforts
How you design and display your product Hong Kong Phone Number List listing plays an important role in how online shoppers interact with your product or store.
Your product listings can convince customers to complete their purchases on the spot. Or you can reject them if your listing looks suspicious or has no interesting content.
What to do?
First, analyze your competitor’s product listings and check if they are search engine optimized for your market.
How do they organize their product photos? Do they rank well in search engine results?
Second, check for keyword gaps in their product listings.
Keywords are words or phrases that customers type into the search bar when they search for a product. Good keywords help lists to be optimized and appear high in search results.
How did they construct their title and description
In other words, a product with KH Lists a large market share means they are the top product in that online marketplace.
Measuring your competitors’ market share within the marketplace platform will give you perspective on how well they are performing in their online operations. An online store with a rapidly growing market share means its revenue is also growing faster than its competitors.