Popular Price Comparison Websites

1
Ways Popular Price Comparison Websites Gather Data

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2
Introduction

• Price comparisons have grown in popularity over
  the years, but, how do they work? You may use
  these price tracking methods to match products
  through stores by entering the product name into
  the search bar. The price comparison tools will
  then show you a list of vendors that market the
  same thing and how much they charge.
• Price comparison algorithms scour various
  e-commerce pages for information about goods and
  services such as costs, specifications,
  functionality, ratings, and so on. This data is
  then compiled on a price comparison page, and the
  results are customized to the visitor's search
  query.
• When a customer looks for a commodity on a price
  comparison page, the website compares and shows
  listings from different retailers. The customer
  will then compare the offerings based on the
  price, features, shipping costs, and other
  factors to find the better offer. For example,
  you can use this method to find the right camera
  that matches your requirement and budget, without
  wasting hours scouring through multiple pages on
  the web with a price comparison website. But, how
  do these websites work?

3
How Price Comparison Websites Grab Data

• Most price comparison websites collect vast
  amounts of data for their price comparison
  engines. Product information from e-commerce
  sites is obtained in the following ways

4
Merchant Feeds

• Price analysis websites partner with retailers or
  businesses to collect data directly from a
  retailer's online feeds. Comparison shopping
  internet traffic is a big source of income for
  online retailers. If you can form an alliance
  with them, they will be willing to allow you
  access to their API. Nevertheless, if you want to
  use the API at a larger volume, you would have to
  pay a fee. Sellers either set up an API or use
  FTP to send data directly.
• Although this form of data collection allows for
  direct access to data, it has several drawbacks.
  Having real-time alerts on developments can be
  complicated at times. Furthermore, various
  merchants offer data in a variety of formats,
  rendering integration into a single platform
  impossible.

5
Product Feeds From Third-party API

• Third-party APIs may also be used to collect
  retail product info. Some services, when combined
  with shopping carts, provide e-commerce data
  through an API request. Third-party providers in
  this situation bill based on the amount of data
  extracted. These firms regularly crawl the most
  popular supermarket websites and store this
  information in a database that price comparison
  websites can easily access.
• This approach saves a significant amount of
  production time and allows for the simple
  incorporation of price matching engines with
  several shopping carts. The most challenging
  challenge in API integration, nevertheless, is
  that it is an expensive and difficult process
  when implementing several integrations that
  adhere to the requirements of each shopping app.
  API2Cart, which offers a single API to link all
  shopping carts concurrently, can be used to
  incorporate shopping giants such as Magento,
  WooCommerce, OpenCart, Shopify, and others.
• Due to the use of such advanced technologies and
  algorithms, price comparison websites like
  GoBazzar are able to provide unparalleled
  services when it comes to comparing multiple
  products to find the one that works best for
  you. 

6
THANK YOU

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