How to evaluate pricing on the federal market
Pricing is the major deciding factor for a government buyer. The Federal Acquisition Regulations require federal agencies to buy at the lowest prices, whenever possible. This means that setting competitive prices for your products is a pledge of success on the federal market.
To evaluate pricing, you can use Price Reporter’s unique pricing tool. The tool allows you to estimate actual prices on the market in your GSA category and specific SINs, compare those prices with your own rates and costs, and set them at more competitive levels. Note, that while lower prices are preferred, simply lowering them by guessing is not the way to go about this. Price optimization is a delicate process, based on an ongoing GSA market evaluation.
More info: Price Reporter Price Comparison Tool
How to monitor competitors
Aside from checking for current market prices, you also want to perform a general competition analysis. Price Reporter has a solution for that, as well.
Price Reporter offers a truly brilliant GSA competition intelligence tool called Price Reporter Dashboard. The online tool gathers tons of data on your competitors in an automatic mode, and squeezes the very essence out of it, to display it to you in a simple visual report.
Please watch this video to learn how to monitor your competitors and find profitable niches on the federal market, using Price Reporter’s Dashboard.