24 Jan Pricematik Review Why I’m Thinking of Converting?
For those who are new to the expression ‘retail arbitrage’, this is where you buy an item and then sell it on for a higher price. As such you are making an arbitrage from the buy / sell prices. You will need to start by connecting your eBay Seller Account to the Profit Scraper Platform. This is as simple as clicking two links to give permission for Profit Scraper to access and update your various links (should the prices change etc). Click here for the video showing exactly how this is done. When you sign up for a PriceYak account you are asked to link your eBay shop to allow for full integration across the two platforms.
- In short, Pricematik offers the most cost effective price when listing over 3,000 items.
- Reliability isn’t quite as good and it’s slightly more expensive for beginners.
- This is as simple as clicking two links to give permission for Profit Scraper to access and update your various links (should the prices change etc).
As you’ve uploaded the items through Hydro Lister these will automatically be within SKU Grid with standard monitoring functions being undertaken. You can choose the frequency of the price monitoring for which each pricing costs one credit. Profit Scraper recently had to close their membership subscription due to poplar demand. This has since reopened however I suspect this will be for a limited time only. Check here to see whether Profit Scraper are still accepting new members.
These platforms can also automatically order items for a cost of $0.40 per sale. As always I’d like to thank you for taking the time to read this joint SKU Grid and Hydra Lister review. For anyone who’s interested Profit Scraper have recently reopened membership. I’d strongly recommend signing up to the 7 day trial with this link.
Once you’ve tracked down your first 100 ASINs the following step is relatively simple. You’ll need to insert the ASINs into the PriceYak create listing tab and run the software. The program will automatically upload these items to your eBay and initially price the product at $300 or £300 depending on the destination. As such my net profit, allowing for the various costs and additional revenue, was in the region of £513.95 or £73.42 per week. Note that at the start I had no feedback and as such it has taken a little time to get traction (I currently have 129 feedback from my 327 orders all of which are positive). In addition I only list 500 items in comparison to some of the larger seller who have 50,000 items.
Why use Amazon to eBay dropshipping Software?
If I was to scale the business to say 10,000 items (20 times current amount) I feel that profits in the region of 10 to 20 times current average profit (i.e £730 – £1460 per week) may be achievable. I’m in the process of expanding the number of items and hope to beable to update the blog once this has been done. I’d recommend reading why I’ve recently considered switching to Pricematik. In short, Pricematik offers the most cost effective price when listing over 3,000 items. To compare the costs with PriceYak above, if I was to list 25,000 items using Pricematik it would cost just $0.02 per item verses $0.10 for PriceYak. A considerable saving when you are listing soo many items I’m sure you’ll agree.
Processing Orders with Profit Scraper
You’ll quickly find that there are two types of products on the market. The first is a fully automated platform which will source profit arbitrage opportunities, automatically load these to eBay, monitor pricing and even order the products on your behalf. The second type of software is a limited service product which usually scrapes already identified opportunities and lists (sometimes monitoring but unlikely) these items to eBay. The above clearly shows that the limited service combination of the combined platforms are considerably more expensive than the full service providers of Pricematik and Profit Scraper.
Automatic ordering with Pricematik
As always, it’s important that the software is supported by strong customer service. Whilst the product was easy to set up, I questioned a couple of things (to test their responsiveness) and was surprised with the speedy replies from Nick (the founder) in both https://cryptolisting.org/ instances. The final thing to do now is to pay for the item (s). As mentioned earlier, I would strongly recommend using the American Express Cashback Platinum Card and making sure you use this link to get a further £25 cashback when you make your first sale.
Now that we know that the Hydra Lister / SKU Grid offers a limited service product in comparison to some of its competitors, it’s important to assess the costs. Whilst this may not seem time consuming when purchasing a single item, if you’re ever planning on scaling the business to say 30 sales a day or if even a lot more, this process will take a considerable amount of time. As you may have guessed, the software doesn’t support automatic purchasing. SKU Grid offer a 7 day free trial which I signed up to and was promptly provided with log in details. The platform home page takes a little getting used to and unlike most competing products pricing is based on a credit basis.
This community is a place to discuss the business of dropshipping, from the entrepreneur side. It’s a place to share resources, solve problems and have serious discussions on issues we all face. As always it’s important to consider the software’s pricing and in this example I’ve compared it with both Pricematik and Profit Scraper to give you an idea of how PriceYak stacks up against its closest competitors.
Adding Items to eBay
Whilst having been a strong advocate of Profit Scraper over the last 6 months (see my review here), the free trail at Pricematik has opened my eyes to a very similar product offering. Reliability isn’t quite as good and it’s slightly more expensive for beginners. Use this link to sign up for a free trail with Pricematik now.
By using the following link you can receive a 14 day free subscription to Pricematik. Profit Scraper have since reopened their membership however I suspect this will be for a limited time. Using this link for a 7 day free Profit Scraper Trial. Pricematik is the software which I’ve also tested however would only use if Profit Scraper wasn’t available. Don’t forget to sign up here to receive a 14 day free trial.
There’s a strange psychology with eBay users (me included!) who are of the opinion that for items under say $100, pricematik review eBay has got to be the cheapest place to purchase. As we can see from the below example this truly isn’t correct.
Once you’ve scraped a category you’ll be able to sort through the items and check that they’ve matched correct. I’ve spent some considerable time testing the Pricematik product when Profit Scraper had closed its membership. The software is clean and straight forward to use, with resaonable reliability at a cost which once you list over 2,500 items begins to become every attractive. In the table below I’ve set out the combined cost of Hydra Lister and SKU Grid in comparison to some full service providers on the market. We’ve assumed that items within SKU Grid would be checked every 2 hours (the same basis Profit Scraper). The software provides both standard repricing settings reflecting eBay and PayPal fees, as well as more bespoke options.