Ever since Amazon has been around, people have been trying to find the best way to track their prices. It’s not a secret to anyone that Amazon prices fluctuate often, but it can be hard always to keep up. Tracking their price changes can be tricky without a bit of help.
That’s why we have created this post about Amazon price tracking and how you can monitor the price of any product or even see the changes over time!
What is Dynamic Pricing?
Dynamic pricing is a computer program that automatically changes the price of an item based on the number of other items purchased, the average price paid for similar products, and other factors. Dynamic pricing changes are designed to prevent over-selling and ensure that sellers get the best possible product price.
What is Amazon Price Monitoring?
Amazon Price Monitoring is when you use tracking software to monitor the price of any item on Amazon. This way, you can make sure you never overpay for any product.
How Do You Track Amazon Price Changes?
You can track Amazon prices using a few different tools and techniques. The most common way to do this is by using a price tracker or monitor that tracks the price changes of selected products based on parameters such as price, quantity, vendor and category. Once you set up your product or items in the program, it will go out and search the web for vendors like Amazon who carry those items, and then it will search each listed item for its value so it can alert you when there are price changes.
Why should you use Amazon Price Monitoring tools?
A price tracking tool can be convenient, especially if you’re an avid online shopper. By monitoring your favorite product’s price, you can ensure you always take advantage of a sale or overpay for an item. Not to mention that this information allows you to choose the best prices when buying in bulk to get the best deals on a product. These tools can also help you find the best buying time to save even more money.
The Benefits of Amazon Price Tracking for your business
In addition to finding the best time to buy, price tracking helps you find the best price codes and product deals. Purchasing an item when it’s on sale is excellent, but doing this with a coupon code can save you even more money. Amazon price tracking tools can help you find the best coupon codes and deals on any item you want to save even more money.
Another great benefit of using Amazon price tracking tools is that they can help you find the lowest prices on electronics or tech components. You don’t want to be overpaying for these items because they tend to change prices quickly and are always in high demand.
1. Advantage over competitors:
Amazon is one of the biggest consumer markets on the internet, with over 350 million active users. There’s no use in making your product available for sale on a smaller platform such as eBay or Etsy because these places can only reach a fraction of their audience. Amazon has the most traffic and will always be available to search to ensure you get the best price possible.
2. Cost reduction:
When you decide to sell your products on Amazon instead of going with a traditional brick-and-mortar storefront, it can save you quite a bit of money compared to conventional retail stores. You don’t need to purchase a storefront, inventory and employees and pay their salaries if you’re using Amazon’s Fulfillment by Amazon program.
Instead, you must provide the products you want to sell at the highest possible quality and ship them directly to your customers. It saves a lot of time, money and effort because all the work is done by different businesses competing for customers. Even though multiple companies are selling these products, consumers have various options. This way, Amazon can offer a fantastic variety of items to rank higher on its search page, so consumers always get the best price possible.
3. Opportunity for growth:
Because Amazon is such a large consumer platform, it has the potential to reach millions of people around the world. It means that your products can be sold to markets and customers that you usually wouldn’t be able to get. This can lead to significant sales growth and help you discover new markets outside your country that you didn’t think were possible.
4. Wide-ranging audience:
Amazon’s audience differs from other platforms, such as eBay or Etsy, because it contains customers who visit the site daily. For this reason, these shoppers are always looking for new products, especially when they’re on sale and at their cheapest price point.
Is scraping Amazon legal?
Scraping is not legal, but there are ways to get around that. If you know the ASIN (Amazon Standard Identification Number), you can use a site like PriceGrabber or Keepa to find the lowest price. They have no obligation to keep your information private, so they can’t do anything about it. However, PriceGrabber will ask for your email address and your name before giving you the results of their search, so I recommend only using this tool if you are okay with giving them some personal information. You can also scan products with a barcode scanner in case they don’t have an ASIN or if you want to avoid any contact between their site and yours.
How does the price tracking process work?
Step 1. Create a new schedule:
The first step is to create a new schedule so you can track the pricing changes of a specific product on Amazon. You’ll need to provide an ASIN or the URL of any product you want to follow. It can be done quickly by searching for the specific item on Amazon and copying its ASIN at the top of the search results page.
Step 2: Enter your keywords:
Once you’ve entered the ASIN, the next step is to enter your keywords or any important details you want to include in your search. You can track up to 5 items at once, and each article will only cost you $1.99/month. For example, suppose you’re interested in finding out how a certain item’s price has fluctuated over the last two weeks. In that case, you can use simple keywords like: “Amazon price tracking keyword example” to track those prices. It is an effortless way to track costs and doesn’t require complex formulas or tools.
Step 3: Start tracking:
Once you have entered your keywords, click the “Track” button below. If you don’t want to wait for the tracking tool to find results automatically, you can start manually searching Amazon by clicking on the “Search Amazon” button. It will open up a new browser window, and you can search Amazon for the products you want to track.
Step 4: Track results:
Once you’ve entered your keywords, head over to the “Track Results” page where your results will be listed, click on any item that interests you, and then click the “Download” button next to that particular product. It will take you to a page where you can download an excel file that contains various information about that product. For example, it can tell you how many times it has been sold, what its average sale price has been and how many times it was marked as “free shipping.
Step 5: Find the lowest price:
The next step is to use that information and find the lowest price for this item. You can use your favorite shopping comparison site to ensure you’re getting the best price possible or visit Amazon’s Price Checker tool. Regardless of your choice, they’ll all provide similar results and help you find the lowest prices on Amazon.
Amazon Price Tracker gives you an easy way to keep track of your favorite products and see how their prices have changed over time. This simple scraping tool makes pricing research much more accessible than before, allowing you to find any product’s lowest price on Amazon in a matter of minutes.
Summary
Amazon Price Tracker is one of the most valuable tools on the market. It helps you track prices and find out when they drop. Scraping Amazon for the lowest prices may seem risky, but there are ways to avoid that. With Amazon Scraping, you can track products and see how their prices fluctuate, helping you find the best deals on any item you want.
