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Competitor price tracking: what to do the week a competitor cuts a price

· 7 min read · by the Competite team

Competitor price tracking is re-reading a competitor’s pricing page on a schedule and recording what moved, so that the week they cut a price you decide on Monday instead of hearing about it from a customer in a month. This guide covers why prices move, what to watch on the page beyond the headline number, how to track it by hand and how to automate it, and the four moves you can make when a competitor cuts, with the questions that pick between them.

A competitor price tracking alert: a competitor cut its Starter plan from $49 to $39 a month, with the before and after, what it means and one suggested action

Why competitors change their prices

Five reasons a competitor changes its prices, what each one looks like from outside on the pricing page, and how long each one lasts
The first two are decisions and will not reverse. The fourth usually reverses on its own.

A price change is a decision someone made under pressure, and the pressure is the information. Before reacting to the number, ask what caused it. The usual causes leave traces on the same page or the pages around it.

What you seeThe usual causeThe trace to look for
Entry price cutself-serve growth stalled, or a new competitor below thema new free tier, a new “compare” page, a launch elsewhere
Entry price cut, quota cut tooa repackaging that looks like a cutthe allowance on the plan card, the overage line
Top plan raisedmoving upmarket, or funding a sales teamnew “Enterprise” copy, sales hires on the careers page
Feature moved up a tiera quiet price risethe features list on each plan, diffed
Promotion bannera quarter-end push, or churnan end date on the banner, a “limited” word
Public price replaced by “contact us”sales-led pricing, higher deal sizesa demo form where the plan card was

Half of the changes that look like cuts are repackaging: the same money for less. That is why the tracking has to cover the whole plan card, not the number in large type.

What to watch on a competitor’s pricing page

  • Every plan’s price and period. Monthly and annual both; the toggle hides the difference and the difference is often the change.
  • Plan names and count. A plan appearing or disappearing is bigger news than a price moving five dollars.
  • Quotas and limits. Seats, credits, projects, storage, API calls. A smaller quota at the same price is a rise nobody announces.
  • The feature list per plan. What sits behind which paywall. This is where the quiet rises live.
  • The free tier. What it gives and what it withholds; a free tier that starts withholding downloads is a pricing change.
  • Promotions and footnotes. Banners, “billed annually”, minimum seats, regional notes. Record a promotion with its end date, separately from the price.

Read the page as text and keep the text. Two copies of the page a week apart, diffed line by line, show every one of the changes above; two screenshots show a colour change and hide the quota.

How to track competitor prices, by hand and automatically

By hand: one document per competitor, the pricing page copied as text with the date at the top, and a calendar reminder every Monday to copy it again and diff the two. Three competitors take about half an hour a week when nothing changed and an hour when something did. The method works until a launch week, when the reminder gets dismissed and the change that mattered goes unread.

Automatically: a page-change watcher on the pricing page tells you the page changed, and leaves you to find out what. A reader that extracts the plans tells you which plan, which number, and which quota moved, and can rate whether it matters. The difference is the hour you spend reading a diff of a redesigned page to find that only the footer changed. The competitor tracking guide compares the two approaches for every signal, not just pricing.

A competitor price alert with its four parts: what changed with the before and after, what it means for your position, one suggested action with an effort estimate, and the quote from the page with the date
A price alert worth reading has four parts. The fourth, the quote and the date, is the one that makes it evidence.

Whichever way you track, the record of a change should have four parts: the before and the after, in the page’s words; what it means for your position in the category; one action, with a rough effort; and the quote with the date. Anything with fewer parts is a notification, and notifications get ignored by the third week.

The week a competitor cuts a price: four moves

The four moves when a competitor cuts a price: hold and say what the price includes, match on the plan that overlaps, reposition away from the price, or wait and watch for a repackaging
Four moves. Holding is the most common right answer and the least common actual one.
  1. Hold, and say what the price includes. The right move when the cut comes with a quota cut, when your buyer is not price-led, or when you were not the closest competitor. Add one line under your price that names what is included that theirs is not.
  2. Match on the plan that overlaps. The right move when the same buyer sees both prices side by side and the products are level on the rows that buyer cares about. Match one plan, not the whole page.
  3. Reposition away from the price. The right move when you win on outcome. Move the comparison to the row where you are ahead, on the landing page and in the sales conversation.
  4. Wait and watch. The right move when the cut looks like a promotion or a test. A banner with an end date, a price that differs by region, or a page that flips back within two weeks is not a change in the market.

Five questions pick between them, and all five can be answered from the pages you already track.

QuestionIf yesIf no
Did a quota or a feature move with the price?it is repackaging: holdit is a real cut: keep asking
Is there an end date or a promotion word on it?wait and watchkeep asking
Does your buyer shortlist both products?keep askinghold
Are the products level on the rows that buyer asks about?match on that planreposition to the row you win
Would matching cost you more than the customers you would lose?reposition or holdmatch

When a competitor raises a price

A rise is easier and more often wasted. If you are now clearly cheaper for the buyer you share, say so once, quietly, in the comparison the buyer already makes: a line on the pricing page, a sentence in onboarding. Do not raise to follow them unless your own numbers say you should; their rise is information about their costs and their customers, not about yours. And check whether the rise came with more: a raised top plan with new features is a move upmarket, and a gap opening below them is an opportunity that lasts as long as it takes them to notice.

False alarms, and how to keep them out

Five things that look like a competitor price change and are not, from a localised currency to a layout change, each with what to do instead
Four of these five are why a screenshot is a worse record than a number with a date on it.
  • A/B tests. A page that shows two prices to two visitors, or flips between them over a fortnight. Two reads a week apart that disagree, then agree again, are a test, not a change.
  • Regional prices and currencies. The page you read from one country is not the page your buyer reads from another. Note the region with the price.
  • Redesigns. Every line changes and nothing about the price does. A reader that extracts plans sees no change; a raw diff sees three hundred.
  • Rotating banners and counters. “Join 31,204 restaurants” today and 31,260 tomorrow. Noise, and the reason a rating on every change matters more than the diff itself.

Automating competitor price tracking

Competite reads the pricing page and the pages around it every week for each competitor you track, pulls every plan with its price, period, quota and features, and compares this week’s read with last week’s. A change is rated, and only a notable or major one becomes an email: what changed with the before and after, what it means for your position, one action, and the quote from the page with the date. Redesigns, rotating counters and reader hiccups never reach you. It is free to start: add your product, confirm one competitor, and tracking starts with one click under the first report.

The reading behind the tracking is the same eight-point read described in the competitor pricing analysis, and the table the changes update is the one-page template. Tracking is what keeps both true.

Questions people ask

Should I match a competitor’s price cut?
Only when the same buyer sees both prices side by side, the products are level on the rows that buyer cares about, and matching costs less than the customers you would lose. Most cuts come with a quota cut or a promotion end date, and the right response to those is to hold and say what your price includes.
How do I track competitor prices automatically?
A page-change watcher on the pricing page tells you the page changed. A reader that extracts the plans, like Competite, tells you which plan, price or quota moved, rates whether it matters, and emails only when it does, with the quote and the date. The second kind saves the hour of reading a redesign diff to find that nothing moved.
Why did a competitor lower its price?
Usually one of four things: self-serve growth stalled, a new competitor appeared below them, a plan was repackaged with a smaller quota, or a promotion is running. The pages around the pricing page, a new free tier, a launch, a banner with an end date, usually say which.
How often do SaaS companies change their pricing?
Headline prices in most software categories move a few times a year; quotas, feature tiers and promotions move more often. A weekly read of the pricing page catches changes while they can still affect your own decision; a monthly read catches most of them after the fact.

See it on your own competitors

Add your product, or just describe the idea. Competite finds the competitors, reads their pages, and writes the comparison with a quote behind every claim. Free, in about three minutes, no card.