Understand your competitors with SALES TRACKING
Sales tracking, also known as competitive analysis, is the process of researching the products, stores design, content, and revenue of stores that are in similar business fields to yours.
The benefit of tracking your competitors include:
Track and estimate their sales revenue and order trends;
Understand their best selling products & when the sales happen;
Evaluate your market share against theirs over time.
Once you understand your competitors, you can identify their strengths and weaknesses in order to develop your strategy better.
When identifying competitors who are in direct competition with your business, you’ll want to start with your product. On the AliExpress page, you can use the Store Selling tab to detect who’re selling the same products as you, you can start with this to find a competitor:
Once you've identified who your competitors are, just copy and paste the Shopify URL into Competitors Tracking > Hit Enter or click Search.
Or, you can take a look at the list of stores that we've compiled in the app. And once you find any store that catches your attention, just click View Details.
Once you're in the Store Details, simply click Track Daily Sales to start the 3-day period of sales tracking for that store.
The tracking cycle is in three days, and the first report will be available after 24 hours;
Get the URL of the store that you've previously done the sales tracking period, and search for it in the Competitor tracking.
Once you're there, you will see the View Sales Report button. Also, you can start a new sales tracking cycle for that store by clicking the Retracking button.
The Shopify store you intend to track must have less than 1000 products;
Our report will be around 60-80 percent accurate based on that store's Shopify product data. You can combine both Sales Tracking & Live Orders report (in Shopify extension) for better understanding your competitors.
If you have any further questions, we are always ready to help via the in-app chat or email at support@alihunter.io.
The benefit of tracking your competitors include:
Track and estimate their sales revenue and order trends;
Understand their best selling products & when the sales happen;
Evaluate your market share against theirs over time.
Once you understand your competitors, you can identify their strengths and weaknesses in order to develop your strategy better.
1. How to identify your competitors:
When identifying competitors who are in direct competition with your business, you’ll want to start with your product. On the AliExpress page, you can use the Store Selling tab to detect who’re selling the same products as you, you can start with this to find a competitor:
2. How to track your competitors’ sales:
a. How to use AliHunter to track the daily sales:
Once you've identified who your competitors are, just copy and paste the Shopify URL into Competitors Tracking > Hit Enter or click Search.
Or, you can take a look at the list of stores that we've compiled in the app. And once you find any store that catches your attention, just click View Details.
Once you're in the Store Details, simply click Track Daily Sales to start the 3-day period of sales tracking for that store.
The tracking cycle is in three days, and the first report will be available after 24 hours;
b. How to view the Sales Tracking reports of the previous stores
Get the URL of the store that you've previously done the sales tracking period, and search for it in the Competitor tracking.
Once you're there, you will see the View Sales Report button. Also, you can start a new sales tracking cycle for that store by clicking the Retracking button.
c. Note:
The Shopify store you intend to track must have less than 1000 products;
Our report will be around 60-80 percent accurate based on that store's Shopify product data. You can combine both Sales Tracking & Live Orders report (in Shopify extension) for better understanding your competitors.
If you have any further questions, we are always ready to help via the in-app chat or email at support@alihunter.io.
Updated on: 27/04/2023
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