QuoteUp Feature: Analyse Purchase Inquiries
QuoteUp serves as an exceptional tool for market research. Tap into its unique combination of inquiry and quotation features and utilise the power of quotation data analytics.
Gain the upperhand over competition by anticipating the demand for any product on your WooStore. More inquiries for a product translates to more quote requests, and more quote requests imply a higher demand in the market for any product.
Once you put product demand analysis in place, you can also use the data to actively manage your inventory, so that you you never miss out on potential customers with products being ‘Sold Out’, or suffer losses due to overstocking.
Purchase inquiries indicate which of your products sell well. Once you are stocked up to the brim, it’s time to create promotional offers. Discounts and deals can work wonders for products in demand, and you can also cross sell other items as you watch sales shoot through the roof.
When expected prices drastically differ from your quotes, it’s time to adjust the pricing for a more realistic set of goals and to push sales. Learn from consumer psyche and evolve your store accordingly.
Purchase inquiries come with forms that you can tailor to obtain data relevant to your target audience. Adding fields like age, gender and location can give you a very good idea of your demographic and their needs, such that you can target and even more specific bunch of people to upsell products.