How to see price history on Amazon if you are a seller and are looking for the right pricing strategy for you.
If there is one thing on Amazon that can fluctuate from one hour to the next, it is the price of products, which is constantly updating to best match supply and demand. Amazon’s price history is valuable information for both sellers and consumers, who can use fluctuations to their full advantage.
In short, if you plan to start selling or sell better on Jeff Bezos’ platform, start studying price fluctuation because it will be useful to you on a daily basis.
Also consider that consumers often ask to be notified when a product of their interest drops: if you play well with this behavior, you’ll see some good things…if you don’t take advantage of it, your competitors will do so and sell more that day.
Today we want to talk to you about just how to see the price history on Amazon and how to use it in your favor to improve your business strategy!
Your favorite tools will become dedicated software, comprehensive market research or Amazon market analysis reports (but more on this later).
Are you ready/ready to dive into the world of price fluctuations? Then read the next few lines now!
Why monitor price history on Amazon if you are a seller or want to enter this world
Knowing how the price changes over time on Amazon is a way to gain vital information and make informed business decisions:
- If you are already a salesperson, it helps you understand how to set your pricing strategy each day, adapting it to market trends and needs.
- If you want to start selling on Amazon or online in general, then you can see how the trend has changed over time and then find out whether it is going up or up. You can also find out how price affects product ranking on Amazon and Google.
Read also: The importance of Business strategy in Amazon sales
Consumers can also benefit from the study of price history! In particular, they can figure out whether the products are really valuable (or have seen an unwarranted price increase to demonstrate higher but nonexistent quality compared to similar items)…and wait for the best time to buy.
If special software has sprung up for Amazon customers that sends a notification when the price of followed products drops, for sellers there is specialized software with which the price can be monitored from the time the product went on sale.
Here is an example:
Okay, knowing the daily fluctuations and Amazon price history is important…. But never as much as the right initial price setting!
Evaluating well the prices to set for your products comes before the study of fluctuations
We understand that your goal is to see how prices change over time on Amazon, perhaps check seasonality, and evaluate on a day-to-day basis whether to make discounts or increase the cost of one or more products.
If we have misunderstood, please let us know.
This information is certainly useful for your sales, but we have to ask you one thing: Are you really sure you have chosen the right price for your product?
If you haven’t done proper market research (preferably recurring so you stay current) you will never know the truth!
Read also: Strategies for selling on Amazon? This is the starting point.
You may already know that Amazon’s results also change based on the cost of products-more or less liked by customers-so your primary goal should be to set the right price and, only then, to consider strategies related to discounts and periodic increases.
That’s fine, but how to do it?
It’s simpler than you think, and we at CMI have the solution!
With our Amazon market analysis reports you can find out how results change by price range and thus understand which positioning is leading to higher sales.
Below you will find an example about it (while clicking here you will find a complete interactive report template-play with it whenever you want!).
The interactive report helps you evaluate average product price ranges and study the right strategy to figure out which ones you would like to position yourself in!
How to study the right price and Amazon price history?
We at Central Marketing Intelligence have the right solution for all your needs! Online data is our specialty, and we can offer you 3 solutions:
- CMI Academy. With our training, we teach you how to squeeze Amazon analytics software (whose basic features you can take advantage of for free and, after purchasing them, even the more advanced features) to the core. By making this choice you can follow price fluctuations on a daily basis without having to delegate analysis to someone else.
- Amazon market analysis reports. Interactive, intuitive and full of answers to your questions. We churn them out in as little as 48 hours, customize them for you, and return them to you ready to use! Click here to try a sample interactive report for free!
- Comprehensivemarket research from A to Z. Perfect for thoroughly studying your market, doing in-depth competitive analysis, and adopting the right strategies (including pricing strategies) to succeed and grow in your industry.
Don’t know which ones to choose?
And what are you worried about? We are here!
Contact us now for a free consultation and we will help you choose the right solution for your goals. Let’s say no to decisions based on hunches: let’s play it safe by taking advantage of the answers the web provides!
