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. I’d highlight that after 2 months I’m still using the 500 Active Listings but will seek to increase this shortly.
Limited Service Software
Now you’ve signed up to the various programs, you can start setting up Profit Scraper. Setting up Profit Scraper is relatively straight forward with various videos on the website walking you through the various elements. This is straight forward and should take no longer than 2-3 minutes. Make sure you verify your account to remove an sending/receiving limits which Paypal may apply to new users. Click here for a free £5 voucher when you make your first purchase on Paypal. It’s a place to share resources, solve problems and have serious discussions on issues we all face.
- It’s a place to share resources, solve problems and have serious discussions on issues we all face.
- As always, it’s important that the software is supported by strong customer service.
- 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.
- Due to the popularity of the Profit Scraper Software they had to recently close their membership.
- You can compare the Pricematik software to Profit Scraper by signing up to the free 7 day trial using this link.
- 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.
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. 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).
Is Drop Shipping from Amazon to eBay legal?
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. You can compare the Pricematik software to Profit Scraper by signing up to the free 7 day trial using this link. 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.
Make sure the shop name is in line with the image you want to portray, I’ve used Online-UK-Saving in the past. 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 pricematik review 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. Now that you’ve seen that the product works and it’s possible to make some extra cash, I thought it would be useful to provide a step by step guide to setting up your Profit Scraper Account.
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. Due to the popularity of the Profit Scraper Software they had to recently close their membership.
How does Profit Scraper work?
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. Join our mailing list to receive our best articles on luxury worldwide travel and points earning opportunities. 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.
Introduction to Amazon to eBay Dropshipping
By default, pricing and availability is updated every two hours with profit margins of 10% set after eBay and PayPal fees. Unlike Profit Scraper, PriceYak handles integration from 4 source markets and can list them on three destination markets. 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. Similar to Profit Scraper, Pricematik offers the ability to scrape other eBay sellers. Whilst this is helpful to get started initially, where considerable profit is made is when you identify an item with little or no competition.