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Published on: White Paper

How much does competitor price monitoring cost? [Whitepaper]

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What you will find on this Whitepaper

Table of Content: 

  • How much will it cost? ……………………………………………….. 1
  • No cost
    • Manual data extraction …………………………………………….. 2
    • Free web scraping tools ……………………………………………….. 3
    • Project example ……………………………………………….. 4
  • $0-$1000 ………………………………………………. 5
    • Competitor pricing software ……………………………………………….. 5
    • Freelancer ……………………………………………….. 6
    • Project example ………………………………………………… 9
  • $1000-$10,000
    • Competitor pricing service provider …………………………………… 9
    • Project example …………………………………… 11
  • $10,000 +
    • Enterprise-level competitor pricing …………………………………… 12
    • Project example …………………………………… 16

How much will it cost?

The cost associated with this data collection is not uniform; it fluctuates based on the scope of your project. This includes factors such as the number of SKUs you’re monitoring, the number of competitive websites you’re extracting data from, the time sensitivity of the data, and the inherent challenges in accessing and scraping the data.

For small to medium-sized businesses seeking pricing data from well-known retail websites like Amazon and ebay, the process is now more affordable and accessible than ever! Numerous web scraping tools provide competitor pricing, many with automated, pre-configured APIs tailored for these platforms. If you deal in a limited product range, acquiring this data could either be free or come at a minimal cost. Whether you choose to handle it internally with the assistance of software, delegate to a team member, or hire a freelancer, the options are vast.

However, as your product range diversifies, complexities can arise. In B2B settings or situations where your competitors operate outside mainstream platforms, a more tailored approach is required. This might necessitate professional intervention for customization.

While you certainly can navigate the web yourself to collect competitor pricing data, partnering with a specialized web scraping firm can simplify the task. They’ll gather the necessary data and present it in your preferred format. Your choice should be influenced by your budget, the volume of data needed based on the products and competitors you’re analyzing, and the intricacy involved in retrieving data, especially when some sites pose more challenges than others.

Let’s have a quick look at how much each competitor pricing collection method can cost you: 

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