With everyone doing their shopping online these days, you need to sell your products at just the right price point. Yes, there might be hundreds or thousands of merchants out there selling the same products, but if you’re selling yours at the right price, then you’ve already taken a step ahead of the competition.
As a seller, you probably already know how tricky it is to price your products so you need a price tracker that will take away the guesswork in pricing. Since product pricing tends to fluctuate over time, you need a tool that will give you the price history of different products in the biggest marketplace in the world.
Enter CamelCamelCamel – the free Amazon price tracker for serious buyers and sellers.
What is CamelCamelCamel?
So, what is CamelCamelCamel anyway?
For buyers, it’s a price tracker that will help them save tons of money on Amazon purchases. For sellers, it’s a valuable tool that will ensure they have the most competitive pricing on Amazon.
When we say competitive pricing, it’s not always about having the lowest price point on Amazon.
Rather, it’s the price that will get buyers to buy from you, at which, you still earn a good profit.
Some sellers will drop their prices to get as many sales as they can, and while this strategy works wonders up to some extent, it’s not always sustainable. Imagine selling a huge chunk of your inventory for next to nothing just because you want to be the seller with the lowest price on Amazon.
Why? Because no shopper in their right mind will order your overpriced product found on page 18 of the search results. Your pricing strategy is a crucial element in getting your listings to rank up.
The problem with selling products cheaper than everyone else?
You might become a top seller in terms of units sold and reviews received. But if you’re going to sell below your floor price, then you’ll end up losing a lot of money.
As sellers, your goal is to develop a solid pricing strategy that works for a specific niche or product.
You can’t use the same pricing strategy for selling rubber shoes on car oil for example. But whatever your product or niche, there are two variables that you should always bear in mind.
- The lowest price or the price point that you could sell to break even.
- The highest price or the price point that you should sell to make maximum profit.
Since pricing tends to change over time, you need to make sure that the price you set will help you maximize your sales. After all, we’re all here to make some profit, right?
With pricing trackers like CamelCamelCamel, you can figure out which products have the best profit margin at any given time.
If a product is trending, you can stock up and sell it to make huge earnings. If a product isn’t doing so well, you can decide to sell it later on when it’s at its best price. CamelCamelCamel will not only help you sell more, but it also guarantees that you will earn more.
To fully understand how you can use CamelCamelCamel to save and earn more, let’s take a quick look at its features.
Amazon Price Drop Alerts
What makes CamelCamelCamel one of the most trusted price trackers around is the price drop & availability alerts feature.
This feature notifies you when the price of a product you’re tracking unexpectedly drops or if there’s a sale. You can choose to get alerts via Twitter or email so you’ll never miss a good deal again.
Amazon sellers, especially those sourcing their products from overseas suppliers, can leverage this feature by buying more stock when the price is at its lowest.
When the price drops, then it’s time to buy. But when the price stays steadily, then it might be better to wait it out. Why? Because we all know that the cheaper the product, the bigger the chances for profit.
Using this feature is easy. All you have to do is set the price range that you want to buy. Once the price drops, CamelCamelCamel will send you alerts so you can start ordering your stock.
Amazon Price History Charts
Another great CamelCamelCamel feature that you can enjoy is the Amazon price history chart. This feature gives you an easy-to-understand graph representation of a product’s pricing changes without going through tedious reports.
As mentioned earlier, sellers need to stay on top of their pricing strategy to get the most out of their buck.
The great thing about this feature is that amazon sellers, both new and old, can easily see the price variations on Amazon and other third party sites.
Aside from the product details, it also shows the sales rank. If at any point, the pricing info seems off, the seller can get the correct pricing data by clicking on the “request update” button.
The graph interface may look a bit intimidating, but it’s actually simple to use. Just pay attention to the green line to track the recent price history of a product.
While CamelCamelCamel claims to update pricing and availability data constantly, you can check always check Amazon just to be sure.
Want quick access to CamelCamelCamel? Then install the Camelizer into your chosen browser. The Camelizer is CamelCamelCamel’s browser add-on that lets you see a product’s pricing history chart without having to leave the product pages on Amazon. By using the add-on, you can easily create price watches while browsing merchant pages.
This is a great feature for Amazon sellers who don’t want to waste time going through different tabs. With the Camelizer, you get access to the pricing data straight from the website. And it supports both Firefox and Chrome, which are two of the most commonly used browsers by Amazon sellers.
Using the Camelizer is easier than you think. Just click the button to add to your preferred browser and start browsing. When you want to see information on a specific product, simply click the Camel button on the toolbar.
How to use CamelCamelCamel
Now, let’s get to the fun part. Using CamelCamelCamel to increase your profit margins.
First, if you want to get access to all the features, you need to sign up for an account on the website. But even without an account, you can still check pricing data just by entering the Amazon URL or keyword in the search bar.
Once you get the search results for the product you entered, you can click on the different product pages to get an in-depth look at the product changes.
By checking the graph, you’ll see when the product was sold at its highest and lowest prices over the past month. You can even get the pricing history of a product over the past year, or from when it was first posted on Amazon, by sliding the date range to 1y or all. If the graph feels cluttered, click “close up views” or “remove extreme values” in the chart options.
If you don’t feel like buying at the moment, because let’s be real, you want to buy when the price has dropped, then you can create Amazon price watches for that specific price listing.
Enter the email where you want to receive the notifications and set the conditions.
Basically, you can set the email notifications when the Amazon price drops to the amount that you set. You can also set the tracker to send you emails when the 3rd party price drops. Want to buy a used unit? Just set the condition to 3rd party used price.
After setting up a price and availability alert, you can sit back, relax, and wait for CamelCamelCamel to send you an email. Although there’s no way to tell when prices will drop drastically, checking the price history graph again will give you an idea if it’s likely to drop during a major sale period.
CamelCamelCamel doesn’t just save you money, it makes you a smarter seller and shopper in no time.
Pros and cons
As no product is ever perfect, this CamelCamelCamel review won’t be complete without having a go at its pros and cons.
- The tool is very easy to use. No lengthy forms or software downloads will stand in between you and CamelCamelCamel. You can go on the website any time and enter the product URL, brand, or keyword to get up-to-date pricing information.
- You can access the tool via desktop or mobile. Whether you’re at your home office or you’re on the go, you can use CamelCamelCamel to quickly check for current deals. Get updates on huge price drops happening on Amazon.
- The pricing history data is pretty straightforward. Check out a product listing’s current price, highest price, and lowest price over the past hours or days. You get just enough information to make the right buying decisions.
- The Camelizer doesn’t work on Safari. Because of recent changes to Apple policies and software updates, the Camelizer doesn’t currently support Safari. As much as the folks over at CamelCamelCamel would like to support Safari again, unfortunately, they don’t have the resources to rewrite the extension that Apple requires.
- Data isn’t always accurate with product options or sizes. Sometimes the system fails to send alerts when there are multiple options for colors and sizes on a listing. If you set an alert for a specific color or size, for example, it won’t email you if other colors or sizes go one sale.
- Prone to false alerts. With millions of live Amazon listings, they’re bound to make a few mistakes now and then. The system has been known to send alerts for price drops but in reality, the product isn’t on sale.
So, is CamelCamelCamel worth using? As a price tracker, it does a great job in gathering pricing data and presenting it in a way that consumers will easily understand. It’s fast, reliable, and doesn’t require technical know-how.
What gives this tool its edge is its simplicity. If you’re a casual shopper who likes crunching numbers and wants to save money on your purchases, you can get your bargain fix by visiting the website. You don’t even have to sign up for an account to enjoy great deals.
If you’re a seller with no time to waste and you don’t mind the dated aesthetics, then the Camelizer would make a great addition to your sellers’ arsenal. You get easy access to pricing history data with just a click of the camel on the toolbar. And the best part? It works on different marketplaces so whether you’re buying products from Japan, China, or France, you can first check out the pricing data before placing your orders. Plus, the tool is free to use anyway, so what’s there to lose?