Pricematik Company Profile
You can compare the Pricematik software to Profit Scraper by signing up to the free 7 day trial using this link. Let’s venture back in time to the Silk Road to look at a historic ‘retail arbitrage’. The Silk Road began over 2,000 years ago with the likes of silk, cotton, glass, salt etc traded between merchants who would seek to by items in the east and sell them for a higher price in the west. 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 instances. Similar to Profit Scraper, Pricematik offers the ability to scrape other eBay sellers.
- Designed to virtually create a specialty store environment for small-to-midsized retailers and brands, Prismatik enables merchants to collaborate and curate a “shop the look” customer experience.
- After one full year with Prismatik, Golftini® enjoyed appreciable performance increases in all key metrics with no additional spend to increase traffic.
- With this presentation, consumers get a peek into potential full outfits and can purchase them at one time.
- The Silk Road began over 2,000 years ago with the likes of silk, cotton, glass, salt etc traded between merchants who would seek to by items in the east and sell them for a higher price in the west.
- 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 instances.
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. Prismatik groups complementary products together (in Prisms) where they can be viewed all at once, incentivizing shoppers to purchase an ensemble. With this presentation, consumers get a peek into potential full outfits and can purchase them at one time.
A considerable saving when you are listing soo many items I’m sure you’ll agree. 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.
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.
Funding and Investors of Pricematik
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. Once you’ve tracked down your first 100 ASINs the following step is relatively simple.
What sectors and market segments does Pricematik operate in?
Once you’ve uploaded your items to PriceYak and subsequently eBay, you can adjust the sourcing settings to determine the minimum guaranteed profit levels per item and also percentage profit margains. By default, pricing and availability is updated every two hours with profit margins of 10% set after eBay and PayPal fees. Below I set out a brief overview of each of the available platforms. I’ve personally tested each of these products so do click through and read the full reviews. Please also leave a comment if you think I’ve missed any products and I’ll do my best to review as soon as possible. Designed to virtually create a specialty store environment for small-to-midsized retailers and brands, Prismatik enables merchants to collaborate and curate a “shop the look” customer experience.
Use this link to sign up for a free trail with Pricematik now. Unlike Profit Scraper, PriceYak handles integration from 4 source markets and can list them on three destination markets. 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. Pricematik offers clean straight forward software which allows you to upload products to eBay by the click of a mouse. Once on eBay the software automatically monitors pricing and inventory (exactly the same as Profit Scraper).
Aura Profit Hunter – 1 Star
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. Join our mailing list to receive our best articles on luxury worldwide travel and points earning opportunities. 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.
Whilst this is helpful to get started initially, where considerable profit is made is when you identify an item with little or no competition. 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. 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. The act of buying an item and selling it on for a higher price, is by no means illegal and in fact is the cornerstone of our economy.
Automatic Ordering costs $0.40 per successful order, in addition to the repricing service fee. There’s a strange psychology with eBay users (me included!) who are pricematik of the opinion that for items under say $100, eBay has got to be the cheapest place to purchase. As we can see from the below example this truly isn’t correct.
At the same time, the platform integrates with a seller’s inventory management solution that collects and tracks data on what items they will need to buy in the future. From my experience the only other real competitor in the market is Pricematik. I signed up to a free trail using this link to test the software and provide an overview of my experience below.
After one full year with Prismatik, Golftini® enjoyed appreciable performance increases in all key metrics with no additional spend to increase traffic. Prismatik delivers higher https://cryptolisting.org/ sales, greater customer engagement and a superior customer experience. Join our weekly newsletter and get our best articles to help you travel the world like royalty.