Price aggregator websites and services like Google Shopping, Pronto, NextTag, or BizRate help users compare prices among different shops or vendors.
Price monitoring software automates a lot of traders processes, like monitoring the best price for buying or selling assets.
Hotel price monitoring services.
We have a few customers that built products based on hotel aggregating prices. They created services that help their customers book rooms at the lowest price available for a particular date.
If you are the owner of an online shop, you’ve probably faced the problem of competitors’ prices. They can be changed at any moment, and to keep your prices updated, you have to monitor all your competitors’ shops. A price monitoring solution can help. This mechanism monitors and analyzes all your competitors’ prices and sets yours lower based on the rules you set. For instance, if your main competitor slashes their price to $5 per item, the software automatically sets the price on your website at $4.99.
Building a market trend.
Price scraping software allows you to monitor the market trends and price history of particular goods or services. Recently we finished a project for our client for monitoring Alibaba.com. Our solution monitors the website twice a day for set categories of goods and store prices. After a month or so, our software was able to provide data analysis on trends and price fluctuation. Our client started to sell this service on a subscription basis.