Implementation of price comparison systems
A price comparison system is a software that displays prices for the same product from different sellers.
The sales chain starts with a manufacturer or wholesaler (suppliers).
The seller might buy the same product from different suppliers, and therefore, the price for one product may differ from supplier to supplier.
This gives rise to situations whereby sellers may want to tune product pricing depending on initial terms of the deal. For example some sellers may get a profitable low price from the supplier and then add a markup to earn more from selling.
The seller might buy the same product from different suppliers, and therefore, the price for one product may differ from supplier to supplier.
This gives rise to situations whereby sellers may want to tune product pricing depending on initial terms of the deal. For example some sellers may get a profitable low price from the supplier and then add a markup to earn more from selling.
Others, instead, may keep the price low and add bonuses to try and get more loyal customers on the market.
As a price comparison system, we process information about products provided by suppliers, let the sellers tune the prices by creating business rules, display compared products for an end-user, among other things. But let’s go step by step.
As a price comparison system, we process information about products provided by suppliers, let the sellers tune the prices by creating business rules, display compared products for an end-user, among other things. But let’s go step by step.
At Back Office we allow to:
manage connection to suppliers to get prices and product parameters & features
manage connection to 3d parties to provide additional product parameters & features not received automatically from the supplier
set business rules based on product parameters & features, to provide a flexible price formation
create agents accounts and divide them into groups with different access and privilege levels
set up credit lines for sellers and arrange credit line policies
track sellers deposit balance and payments made from it
accumulate sellers commission and allow to withdraw it upon request
calculate prices based on who is selling, when he’s selling and what is being sold
embed a built-in advertising system to sell places for ads
construct and support the loyalty program parameters
At Mid Office we allow to:
customize products’ deal features such as markups, discounts or other benefits based on particular product parameters
keep an eye on new orders and accomplish them
pay from provided credit limit and track its status
make a deposit into the system and pay from it
control commission accrued for the sales and withdraw it upon request
process information about past deals and clients to offer them special conditions and increase resale ratio
create sub-agents and set a commission percentage to be taken from them
make a promo-page of a specific deal and create a permanent link to be embedded in the advertising campaign
use promotions and sales constructor to offer more unique deals
tag loyal customers in database and privately send them special offers
At Front Office we allow to:
get familiar with advertising campaigns selected according to end-users profile
set filters and search parameters
look through product results and learn more about the deal features
choose one or several products to be compared or bookmark them for later
make an order
make the payment
receive emails with payment confirmation or order details
If you got interested in some of the above mentioned features you might also want to check the CRM implementation service we provide.
And what about the benefits?
For the buyer
For the site owner
It’s the ability to find out several offers for one product from different suppliers in one place. Thus, it takes him less time to find the most profitable deal.
Making an agreement on an affiliation program with product suppliers is an excellent solution for increasing the site's profit.
Consequently, everyone benefits - the buyer saves time and money by choosing a profitable offer. The affiliated supplier gets the buyer. And the site owner gets the percentage for the lead.
