In this tutorial, you will learn how to define the competitor products, add their URLs to the systems you want to associate with your products, and start monitoring immediately.
Competitor Product Definition
1-Add Competitor Product (automated method)
Click on the green “Add Competitor ” button in the product bar, where you will add competitor products under your products in the Compelis Dashboard Products page under the “Products” menu.
You will start adding competitor products simply by pasting their product URL to the input field in the section that opens.
Just press the green button to add the competitor’s product.
Compelis software will quickly reach the address of the competitor product you have added and start its research. You will see the newly added competitor product bar during collecting data, as illustrated below. The hourglass means that the product is still in the process of data collection for the first time.
This process results in two different ways:
1- The competitor product is added automatically with price information!
Compelis software has reached out to the product page and has lined up to receive update records automatically, queued the first transaction to start reading price data for continuous monitoring.
If the competitor website publishes the data, it will automatically read the name and price of that product for you and add it to your list.
The product could not be added!
The address you entered for the product you want to add is incorrect, or the website at the address you entered may not share automatic price information. But, don’t worry, we still have a few ways to make things right.
2- Add competitor product using the Compelis Chrome Extension
Another method is to “add easy products” with our Chrome extension, for which you need to download a small add-on, Compelis Chrome Extension, from the Google Chrome Web Store .
How to install the Compelis Chrome Extension
If your Chrome browser has the Compelis extension installed, you should open the product you want to list in a Chrome browser tab. After the product page opens, click on the extension icon at the top right to open it.
You must be logged into your Compelis dashboard account to be able to open the extension.
If you are already logged in, the extension will detect it and open it.
Here we have developed a straightforward and helpful approach for you.
Click the red button next to the information type you want to collect data from the web page.
You need to select the text you want to receive information about on the product page.
Some prices can be bi-parted. So it’s okay. Click on the “split” button so you can collect the price in dollars and cents in two pieces.
If you add a competitor product under one of your products, you need to define the product price only. The rest of the input fields are hidden as product attributes (brand, category, product image, etc.…) are assumed to be the same for a product between competitors with the primary product definition. After collecting price information, you can add the competitor product and check it on the dashboard by pressing the “add new product” button.
Compelis will start monitoring your competitor’s product price changes automatically after this point. In addition, they will begin to populate the historical data you may always use to do your trnd analysis using the dashboard reports interface.