Do you know that moment when we have got a sale, but the price has already increased and instead of making a profit from the sale, we actually lose money? is TERRIBLE! So how to handle these situations the right way?
In this article, we will share with you 2 ways how to work with these situations so we can reduce the amount of money we lose in such cases.
CamelCamelCamel is an Amazon price tracker that monitors Amazon’s Products Prices by scanning the products every X hours.
CamelCamelCamel has the whole price history of each product on Amazon.
Now let us demonstrate how we can use CamelCameCamel to our advantage. For example, let say that we sold this product:
And that the price got raised before we managed to fulfill the order. How can we use Camel Camel Camel to deal with this case?
Well, all we need to do is to go to CamelCamelCamel.com and just put the ASIN of the product on the Search bar and click enter.
Now, Camel Camel Camel will show us the price history of this particular product.
With this information, we can see that the price got changed so many times.
Based on this, we can wait for 48 up to 72 hours and see if the price got dropped so we can order it again. (this happens very frequently)
We can also set this task to be done automatically, by just putting the desired price that we want to receive a notification when this specific price is back.
For example, let say that we sold the product when the price was 25$. And we sold it with a loss because the price got raised in the source.
We can put the desired price of 23$ for example, and add the email that we want to receive the price drop alerts on.
Now, if the price does get dropped to 23$, Camel Camel Camel will send an email informing us that the price got dropped to 23$.
But, Be aware that Camel Camel Camel works the same as any other monitor, it scans product every x hours.
Which means that they will recognize the price changes a little bit late.
But what can we do to solve this issue?
Here it comes the second website Keepa. Both of them are free platforms so we encourage you to use them both.
Let us go directly and search using the same ASIN.
As you can see, Keepa could not grab any price changes for this product.
This is why we should always use both sites, Camel Camel Camel and Keepa.
But if we test another product, we will get the price history results.
Keepa does also have the track product’s price feature as CamelCamelCamel.
You can set the price that you want to receive an email for.
On Keepa, you can also use Facebook messenger, Telegram or the Web Push Notifications options to receive the prices changes alerts.
We recommend you to use these two websites together, as they will save you a lot of time and money when you are dropshipping on eBay.