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Anyone involved with Amazon knows that “price is what they pay and value is what they get” (Buffett). Shoppers often check Amazon price history to save money, while sellers track Amazon price history to stay ahead of the competition. Retailers constantly view Amazon price changes to find the best deals. In fact, 9 out of 10 consumers price-check a product before purchasing on the platform.
To beat your competitors and win the Buy Box on Amazon, you must employ the right product pricing strategy. However, prices on Amazon can’t be static, as the marketplace constantly evolves with new products and innovative marketing tactics from competitors. Dive into the mechanics of Amazon’s Buy Box and learn how SellerSonar can shift the odds in your favor. Click to refine your strategy! Sign Up For Free.
To maintain your market share, it’s crucial to consistently reprice your products by analyzing and utilizing the price history feature. Manual tracking is challenging, so many merchants use Amazon price history trackers to automate and analyze dynamic pricing.
Continue reading to discover how to effectively view Amazon price changes and leverage the Amazon price history tracker to boost your sales.
How to Check Amazon Price History?
For your buyers, price matters. To stay ahead of the competition and offer enhanced customer services, you need to instantly control price fluctuations. Knowing the price history of your product is crucial for this. On top of that, you should also view the price history in your market category. Price history refers to the dynamics of sales and price drops over time. Prices can fluctuate; for instance, if your competitors are out of stock, it’s an opportunity to increase your price. Since manually tracking the prices of many products is nearly impossible, there are specialized tools to help. These tools are price trackers that allow you to check the price history efficiently. They record and analyze price data, typically displaying it as a chart. Understanding the price history can help you make informed pricing decisions. Explore ways to check and use your product’s price history to your advantage.
What is a Amazon Price Tracker?
A price tracker is an invaluable tool for Amazon price tracking, enabling users to monitor price changes on the platform. These price tracking apps not only compare and analyze product prices but also assist in tracking Amazon prices efficiently. Importantly, the tool helps price check Amazon products by notifying sellers or shoppers of any price fluctuations, whether they rise or fall. It provides insights into the product price history and, in some cases, offers price alerts. By using a tool for Amazon like this, users can set the right price and maintain control over the overall market landscape.
A price tracker is essential for both buyers and businesses aiming to track prices and make informed pricing decisions. It serves both B2C and B2B needs, proving useful for sellers, retailers, wholesalers, and manufacturers. Additionally, a chart tracking the price provides a visual representation of price trends, making it easier to analyze market dynamics.
How does a Price Tracker Work?
A price tracker is a software solution that allows you to see and analyze product listings and websites by scanning titles, prices, and stock. Additionally, some price trackers monitor product descriptions, reviews, images, and more. After gathering the data, a tracker stores and displays the price information to the user in the form of a dashboard or a graph to see. It allows you to instantly see the price history and set up price drop alerts as needed. The data and format of the dashboard depend on your choice of tool.
What are the Benefits of Price Trackers?
In fact, using a price tracker is the best way to see how the price might fluctuate, benefiting both buyers and businesses alike. Buyers can use this tool to see how the price changes and make the best purchase to save money on Amazon. At the same time, sellers can see how the price shifts in the market to adjust their own levels accordingly. Retailers find the best way to see the best offers, while manufacturers can control their Minimum Advertised Pricing.
Price Tracker Advantages for Sellers
- Tracker helps instantly reprice products on the Amazon product page according to market levels;
- It allows you to check the Amazon item’s price by comparing with others to select the right price;
- Sets the best prices to win a Buy Box and track Amazon price changes over time;
- Ensures that a seller stays on top of the competition by timely modifying price levels;
- Enables merchants to rank higher in search engine results by optimizing the item’s price.
Price Tracker Benefits for Retailers
- It helps sell volumes by setting the specific price for consumers and understanding the prices of products on Amazon;
- Saves time by automatically mapping the market, adjusting price levels, and tracking the price history of products;
- Grows margins by identifying when and where to increase or decrease a higher price;
- Helps monitor competitors’ costs, stock, and margins, and notice any drops in price;
- Allows finding profitable reselling options.
Price Tracker Use for Manufacturers
- Allows setting the right market price for a product and ensures existence on Amazon;
- Helps avoid extreme price changes and prevents lowering brand prices too much;
- Provides a toolbar to instantly see and chart tracking the price across resellers, establishing Minimum Advertised Pricing.
Price Tracker Points of Importance for Buyers
- It allows Amazon shoppers to find the best products at an affordable price range;
- Gives the opportunity to select the most discounted items on Amazon of interest;
- Informs about the availability of the goods;
- Provides a possibility to instantly see the price history and view a chart for shoppers’ favorite products, along with receiving price drop alerts.
What to Consider While Selecting a Price Tracker?
Actually, when you’re selecting the Price Tracker tool, it’s important to focus on the essential functionality and convenience. Look for tools for Amazon that allow you to view the price history of millions of products. It’s also beneficial if the tool makes it possible to check and display the price changes effectively.
A good price tracker should have the following features.
Choosing the right price tracker can significantly impact your pricing strategy and success on Amazon. Look for tools that offer accurate data, allow you to view Amazon price changes, sign up for price drop alerts, and provide notifications. Consider features like easy-to-understand charts and integration with Amazon Prime. This section will help you make an informed choice that aligns with your business goals.
Unlimited number of ASINs
With a reliable price tracker app, you can track Amazon price changes and check the detailed price history by adding as many ASINs as you wish, giving you a comprehensive competitor overview.
Detailed competitor overview
To effectively position your product against the competition, your tracker should provide a detailed competitor overview, including all essential pricing information. Utilizing price tracking apps can help you track Amazon price changes and stay ahead in the market.
Long price history
Some trackers only display a 30-day price history, which is insufficient for an in-depth analysis. For a comprehensive view, choose tools that offer a long price history, such as those that can show you the price trends of products on Amazon for a year or more. Understanding the history of Amazon products can greatly enhance your analysis.
Easy-to-understand charts
As a rule, price history trackers collect a lot of different information. A chart tracking the price or a graph to see this data must be presented in an easy-to-understand manner. You should be able to easily read and understand the charts displayed.
Price alerts and notifications
The tool shall give you immediate price alerts and notifications of any changes. In that case, you can take action instantly. The slightest price change may affect your product’s visibility and the buyers’ choice. By signing up for price drop alerts, you can instantly see the price history and avoid the inconvenience and time-consuming task of constantly double-checking all orders and details.
Possibility to track any product details on Amazon
The data you get from the price tracker for tracking Amazon prices should not be restricted. Using tools for Amazon, you can monitor an item’s price effectively.
Does Amazon Have a Price Tracker?
If you wish to track price changes on Amazon the Amazon way, you can use Amazon’s price-tracking service offered to sellers. This tool, called Amazon Assistant, helps monitor prices and compare listed items online. A plus of this software is that it’s free and available as a browser extension, enhancing your existence on Amazon. Although its major purpose is to compare prices, it doesn’t provide alerts when a price might drop. The Amazon check price history tool offers a customized user experience and notifies users about Amazon transactions, special offers, and deals. By keeping an eye on price changes on Amazon, you can make informed purchasing decisions.
How to Get Instant Price Alerts with SellerSonar’s Price Tracker?
SellerSonar’s Amazon price tracker continuously analyzes the price history of a product and monitors competitor prices 24/7, allowing you to track Amazon’s price changes and receive instant notifications for price drops of any product. By tracking your competitors’ prices on Amazon, you can fine-tune your pricing strategy and react swiftly to market changes, always suggesting the best prices. Ready to try? Sign up for price alerts with a free 29-day trial and dive into the enhanced product listing monitoring experience today!
Get instant notifications for price fluctuations
With SellerSonar, you can view price history and get instant notifications to stay updated on price fluctuations. By signing up for price alerts, you can set specific criteria and thresholds for changes, ensuring you receive timely updates whenever a product’s cost on Amazon fluctuates. See price changes and discover the lowest price to optimize your shopping experience.
Fine-tune your pricing strategy with real-time alerts
With critical notifications, you’ll receive real-time alerts and listing updates directly to your email inbox, ensuring you stay ahead of the curve. For your convenience, all other alerts will be sent in daily reports. By instantly viewing the price history through these alerts, you can fine-tune your pricing strategy and quickly respond to changes, whether it’s adjusting your own prices to remain competitive or taking advantage of opportunities when the lowest price is available.
Monitor competitor prices with SellerSonar’s timely notifications
With SellerSonar, you can monitor competitor prices closely and receive timely notifications of cost changes for an unlimited number of ASINs. This allows you to see the price of a product and offer the best options for your customers. It enables you to adjust your prices accordingly and maintain a competitive edge in the Amazon marketplace.
React swiftly to market changes with SellerSonar’s price tracker
With SellerSonar, you can check how your price strategies influence your sales and marketing efforts with Buy Box charts. By staying informed about your competitors’ pricing strategies, you can react swiftly and make data-driven pricing decisions. This proactive approach allows you to navigate market changes and optimize your sales performance on Amazon.
Can AMZ alert price drops?
Hi, Marc:)
Amazon can do it only if you install their mobile app. Using SellerSonar software is much more convenient because it needs no installation and provides more flexible notification settings. Our solution does it automatically and ongoingly, sending you an Amazon price change alert each time it happens.
Nice tips! Thanks for sharing, I love Amazon for its connivance.
Pretty cool, never considered it before, nice one mate!
Thanks!! Good to know!