Amazon Price Monitoring: What it is and why it Matters | MyDataProvider

Amazon Price Monitoring: What it is and why it Matters

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What is Amazon Price Monitoring?

Amazon Price monitoring is the process of following up on prices of your competitors on Amazon. You would ideally go to an item’s product page and get to see the current price of that item. With price tracking, you track the prices of multiple items simultaneously. Whether for business or personal reasons, tracking gives you a prize analysis of these items. You get to know the highest and lowest prices of your preferred items over a certain duration.

This information you gather then becomes useful for you as a business person because it allows you to adjust your pricing to be as competitive as others are and make sales.

Why does Amazon Price-monitoring Matter?

As an individual, price monitoring allows you to know when the prices are at their lowest, allowing you the chance to make great bargains.
Whereas Amazon offers you a wide range of items you may need to choose from, one thing is for sure. With the across-the-board range, Amazon offers, the prices are the same too. Widely varied. Worse still is the fact that these prices are constantly changing, every minute of the day, every day.

So how do you move from wanting a great bargain to actually make one? You track the prices of those items you wish to purchase. This can be a very tedious and time-consuming process to carry out manually. Not to mention the fact that you would need to literally be glued to your screen to achieve this.

Lucky for you, technology has provided us with a solution. There are price trackers that make your life easier. They also give you the opportunity to receive alerts when items you would like to purchase are within your spending ability. What’s amazing about them is that they are also easy to use and to access and are not complicated to use.There are tracking tools available for free and there are also those that you will need to purchase. This all depends on your use.

Below are three free tracking tools available online you can use.

The Best Free Amazon Price Trackers

There is just such a warm fuzzy feeling you get when you purchase an item at a bargain price. An even better feeling is when you know exactly how you can achieve this over and over again, stress-free, whenever you need to. How you can score great deals on a variety of items, from furniture to gardening tools and everything in-between. This is every shopper’s dream.

Whereas Amazon offers you a wide range of items you may need to choose from, one thing is for sure. With the across-the-board range, Amazon offers, the prices are the same too. Widely varied. Worse still is the fact that these prices are constantly changing, every minute of the day, every day.

So how do you move from wanting a great bargain to actually make one? You track the prices of those items you wish to purchase. This can be a very tedious and time-consuming process to carry out manually. Not to mention the fact that you would need to literally be glued to your screen to achieve this.

Lucky for you, technology has provided us with a solution. There are price trackers that make your life easier. They also give you the opportunity to receive alerts when items you would like to purchase are within your spending ability. Whats amazing about them is that they are also easy to use and to access and are not complicated to use.

Here are the top 3 Amazon price trackers for a bargain hunter such as yourself.

AmazonPriceTracker

Type in the items URL, keywords or Amazon Standard Identification Number (ASIN). This gets you through to the products page.

You will be able to see the items current, highest, average and lowest prices.

A chart below these prices will information on the tracked prices with specific dates.

Additionally, use the price drop alert feature. Add your email address and submit. You will receive an email alerting you when the price is within your range.

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Follow the instructions as above and enter the URL, ASIN or keywords.

A history chart containing amazing prices as well as old, new and used ones are displayed. You can also specify a certain duration to display, be it a month or a year.

For more detailed information, click on that tab. It will display all the information you would like to know about a products price changes.

With this tracker, price watch alerts are sent via email, twitter or both as per your preference.

The Tracktor

The tractor is a free Amazon price monitoring tool that will help you stay ahead of your competitors. This tracker is straightforward and simpler to use.

When you are on the product page, a chart tracking old and new prices and added basic information is displayed.

For this tracker, you need to create an account to access the drop email alert feature.

After creating an account, use the drop email alert feature to get notifications via email when the prices of your selected items are within your price range.

Whichever tracker works for you, you can be sure that you will get the best out of it.

Stop spending more than you need to and join the Amazon price monitoring world today!