Who is Pricematik ?
Do you want to be able to find great deals on Amazon or Wal-Mart and sell the items on eBay without ever touching the items? Pricematik will help you automate the process, manage your inventory, reprice your items so you never lose money, and offer better reporting. All sounds great, right? Well, there are a few things to think about before jumping headfirst into a product.
Finding Opportunities
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.
Pricematik provides a function to upload individual products. A real plus in my eyes!
The Scraper
The scraper is broken down into 4 features, here is the description straight from Pricematik:
- Unlmited Searches – “The Pricematik profit scraper can find an unlimited number of profitable items from any eBay seller active or sold items.”
- Export to Bulk List – “You can export all your chosen scraped items to a bulk list and list them with the bulk lister directly to your eBay account with your desired profit margins to undercut your competition.”
- Sold & Active Items – “The Pricematik profit scraper allows you to search for active and sold listings from any eBay seller. Scraping active item are great if the seller added new items which haven’t sold yet.”
- Sold & Watch count – “Quickly and easily find out the number of times any scraped items have sold or how many watchers they have. This will help you pick the best selling items to increase your sales.”
Automatic ordering with Pricematik
As with Profit Scraper, you’re able to run automatic ordering services with Pricematik. To enable this function you’ll need to buy credits at $0.40 per credit. This is again marginally cheaper than Profit Scraper. However depending on how much time you have I’d recommend you do this part yourself. See my full Amazon to eBay Arbitrage article here: thriftypoints.com/out/profitscraperlink for the reason why.
Pricematik Customer Service
As always, it’s important that the software is supported by strong customer service. Whilst the product was easy to set up, I questioned a couple of things (to test their responsiveness) and was surprised with the speedy replies from Nick (the founder) in both instances.
The Lister
The lister is probably my favorite feature. It works a lot like WOW Lister, it pulls the title, description, attributes, and images straight from Wal-Mart and Amazon. It will take all the information from the other sites and convert it to an attractive template.
You also get Title Builder with the lister that will help you build an effective title to rank higher in eBay search results. Pricematik will suggest relevant keywords that you can use in your titles.
Another great feature of the Lister is that it offers VERO and duplication protection. That’s not something that is common with most listers. It doesn’t take many VERO takedowns to permanently suspend your account.
The Repricer
It works like it sounds. It monitors your prices and will increase or decrease your price to stay competitive and profitable. If you manually do dropshipping now, just think how much time that would save you (and profits too). The Repricer also maintains your stock levels for you as well. If the vendor sells out, it will drop your inventory to zero to prevent you from overselling. Don’t worry, every change made is kept in a tidy report that details every change made.
The Manager
The Manager is a nice feature because you can import all of your existing listings into Pricematik. The cool feature allows you to keep track of your profit and inventory all in one place. It will also make searching for your own listings more convenient than eBay’s Seller Hub.
Pricematik Summary
Whilst having been a strong advocate of Profit Scraper over the last 6 months, the free trail at Pricematik has opened my eyes to a very similar product offering. Reliability isn’t quite as good and it’s slightly more expensive for beginners. I would recommend only considering Pricematik or alternative are planning on listing more than 2,500 items going forwards.
