The ultimate guide to competitor price monitoring software

Why you need competitor price monitoring software

In any competitive market, pricing is everything. Setting your prices too high can drive customers away, while setting them too low hurts your bottom line. Manually tracking your competitors' pricing is a time-consuming, error-prone task that simply doesn't scale. You need a system that works for you 24/7, catching every discount, promotion, and price adjustment the moment it happens.

This is where competitor price monitoring software comes in. It automates the entire process, providing you with the critical data needed to:

• Optimize your own pricing strategy in real-time.
• Identify market trends and competitor behavior.
• Capitalize on opportunities, like a competitor running out of stock.
• Save countless hours of manual, repetitive work.

How monity.ai redefines price tracking

Most monitoring tools just tell you when a page has changed. That's a start, but it's not enough. You get flooded with notifications about minor design tweaks or irrelevant content updates. At monity.ai, we believe in delivering intelligent insights, not just raw data. Our platform is built to understand your goals and provide alerts that matter.

Go beyond simple alerts with AI-powered prompts

This is what sets monity.ai apart. Instead of just getting a generic “something changed” notification, you can tell our AI exactly what you care about. Use simple, natural language prompts to create powerful, specific monitors.

For example, you can set up alerts like:

• “Notify me when the price drops below $199.”
• “Alert me if the text 'out of stock' appears on the page.”
• “Extract the price and let me know when it changes by more than 5%.”

This AI-driven approach cuts through the noise and ensures you only receive actionable information.

Monitor any part of a website - visually, textually, or by code

Every website is built differently. That's why monity.ai offers multiple monitoring modes to track prices accurately, no matter how they are displayed:

• Text Mode: Perfect for tracking specific numbers or product prices. Just select the price on the page, and we'll watch it for you.
• HTML Mode: For technical users who want maximum precision, you can monitor a specific HTML element or attribute.
• Visual Mode: Capture a screenshot of a product page and get notified of any visual changes, like a new “On Sale” banner appearing.

Handle complex websites with browser actions

What if the price isn't visible on the initial page load? No problem. With monity.ai, you can record a sequence of browser actions to perform before each check. This allows you to:

• Click buttons to reveal prices or select product variants.
• Fill out and submit forms to check shipping costs.
• Log in to a competitor's wholesale portal to monitor protected pricing.

Setting up your first competitor price monitor

Getting started with monity.ai is incredibly simple. You can have your first price tracker running in under a minute. Here’s how:

Step 1: Add your competitor's product URL

Simply copy the URL of the product page you want to track and paste it into monity.ai to create a new task.

Step 2: Select the price element

Our intuitive point-and-click selector makes it easy to highlight the exact price on the page you want to monitor. Choose text or HTML mode for the greatest accuracy.

Step 3: Set up your smart notification

This is where the magic happens. Instead of a generic check, type a specific prompt. Start with something simple like “Notify me when this price changes.” Or, get more advanced with “Extract the price and send it to my webhook.”

Step 4: Choose your notification channel

Receive alerts where you and your team work best. We integrate seamlessly with Email, Slack, Discord, and Webhooks, so you can push pricing intelligence directly into your existing workflows.

The best competitor price monitoring software for professionals

Don't settle for a tool that just tells you a page has changed. To truly stay ahead, you need software that understands context, filters out noise, and delivers actionable intelligence. With its powerful AI prompts, flexible monitoring modes, and advanced browser actions, monity.ai is the ultimate competitor price monitoring software for e-commerce brands, retailers, and marketing agencies.

Start your free trial today and turn competitor data into your biggest advantage.