How do prices on Amazon work?
If you are an Amazon user, you might have noticed that prices on Amazon change all the time. Have you ever wondered why? What benefits does this bring? We are here to briefly explain how prices on Amazon work.
Amazon is the worlds' largest online marketplace as well as the largest Internet company by revenue in the world. Millions of people use Amazon daily for shopping. You can find anything on Amazon. Makeup, tech gadgets, clothes, furniture, and the list goes on. If you are an Amazon user, you might have noticed that prices on Amazon change all the time. Have you ever wondered why? What benefits does this bring? We are here to briefly explain how prices on Amazon work.
How often do prices on Amazon change?
If you see something you like on Amazon, but the price is not quite appealing to you, we suggest waiting a few minutes and checking back again. Amazon changes product prices 2.5 million times a day. This means that, on average, products listed on Amazon change prices every 10 minutes. Amazon is not the only place where this happens. Walmart and Best Buy do this too but not as much as Amazon.
What are the benefits of this?
Many people who use Amazon complain that the price of the product they bought dropped just after they went through with the purchase. You would think that this would stop at least some of those people to use Amazon. But this actually helped Amazon boost its profit by 25%! Amazon analyzes customers' shopping patterns, competitors' prices, profit margins, and plenty of other factors every 10 minutes to choose new prices for its products. This way Amazon ensures their prices are always competitive and they get even more profit this way.
But how exactly does this bring profit?
Well, Amazon has a sneaky trick. They raise prices on uncommon products and then the most common products appear cheaper. This makes people believe that Amazon has the best prices on the Internet and they continue to always turn to Amazon when they need something.
What does this mean for you as a shopper?
You as a shopper can either benefit or lose from this, there's no in-between. Although this can be a little annoying, there's a way to always pay the price you want to pay for the product you are interested in. Tracking prices and discounts is the way! But this is not something you have to do manually. If you were to do that, you would have to spend a lot of time on Amazon every day. And as most of us don't have time for that, Discounthunte.rs is what you need if you want to pay a certain price for a certain product.
Discounthunte.rs is easy to use but it is a big helper to online shoppers. All you have to do is create an account on the website, copy the links of the products you want, and set the price you want to pay. You will be notified by e-mail as soon as the price drops. It is as easy as that! Many Amazon shoppers already use Discounthunte.rs as they find it very helpful.