A price monitoring service must be able to gather data from various sources, both online and offline. This requires the ability to access multiple websites in different languages and currencies. Additionally, it should also have the capability of collecting information from physical stores such as retailers or wholesalers. All this data needs to be collected accurately and quickly so that effective market research can be conducted.
Another important factor when looking for a good price monitoring service is cost-efficiency. The pricing model should suit your budget requirements while still providing reliable data collection services with minimal disruption to daily operations. An automated process would also prove useful in streamlining the retrieval of accurate information on prices across multiple locations without having to manually input each request every time you need new data points.
Finally, customer support is essential when selecting a price monitoring service provider as any issues or queries related to their services need to be handled promptly and efficiently by knowledgeable staff members who are available 24/7 if needed. Good customer support will ensure that you get the most out of your chosen platform at all times without delays or unnecessary hassles along the way