The Entire Marketplace...Revealed.
More and more students are buying their textbooks from online competitors. Making sense of this growing threat continues to get more difficult with ever-shifting prices and growing demand for rental and e-books.
Verba Compete continually analyzes your entire catalog so you can make make pricing decisions in the context of the online competition, without sacrificing a dime from your overall margin.
Know What You Need To Know About Every Book.
Most stores price 30% of their books significantly lower than their online competitors, and 30% of their books significantly higher. Many of these books swing wildly in price in the online market, making it difficult to know how to price your books to win.
Verba Compete automatically tracks current and past pricing for every book in your catalog so you get the whole picture about how your pricing compares to online new, used and rental options over time.
Set Prices For Your Entire Catalog At Once.
Your pricing decisions are filled with tradeoffs: do you raise the price on a book and risk selling fewer copies? Should you lower prices and reduce already-slim margins? Verba Compete helps you raise prices on your overcompetitive books at the same time you lower prices on books that are priced much higher than online competitors. Your margin stays the same across your catalog, but each individual book is priced to maximize competitiveness and sell-through. It's a win-win.
Discover and Fix Pricing Mistakes.
Even with double and triple-checking, pricing mistakes occasionally slip through. Verba Compete automatically compares your price for each book to your peer bookstores and lets you know if any books are out-of-whack.
For a more global view, use the tool to get an idea of how your pricing compares to your peers across the board. You might be surprised to learn how much higher or lower other bookstores price the books in your catalog!
Identify and Snag Low-Cost Online Copies.
There are other online applications that help stores buy stock from online marketplaces. But only Verba Compete makes the process intelligent, by identifying great online deals for books your store actually sells. Sort your whole catalog by Biggest Potential Savings, or use the Today's Hottest Deals section to see online offerings that are unusually cheap. We'll even shoot you an email when we think an online offer is really worth taking a look at.
Once you've identified a buying opportunity, Verba Compete provides an easy-to-use tool for you to purchase books at bargain basement prices. Every book you buy from the online marketplace allows your store to both capture sound margins and offer lower prices to your students. It's a win-win for every member of your community.
