What does a price comparison website do?

What does a price comparison website do?

Price comparison sites do exactly what their name implies: compare the price of goods and services from a range of companies. This allows you to make sure you get a deal that’s tailored to you at the best price.

How do comparison websites work?

Comparison websites don’t sell products themselves, they show you details and prices from insurers and make their money in several ways: they get paid from advertising which appears on their site.

What is a product comparison site?

What is a Product Comparison Website? Product comparison websites are also known as comparison shopping websites or price comparison websites is like Google for online shoppers. The shoppers can compare and filter the products based on pricing, features, reviews, shipping, and another criterion.

How do I create a product comparison site?

If you’ve got an idea for a comparison website, then here are some tips to help get you started.

  1. Find your niche.
  2. What’s your model?
  3. Establish your data sources.
  4. Research revenue streams.
  5. Consider free trial periods.
  6. Build your brand.
  7. Build your budget.

What makes a good comparison site?

Options for the price comparison sites Ideally, you need to focus on goods and services with high demand and a small number of competitors. Alas, only new areas, such as AI-based products, the Internet of Things, 3D printing, blockchain technology, and the like, can meet these criteria.

How do comparison websites get their data?

Technology. Price comparison sites can collect data directly from merchants. Retailers who want to list their products on the website then supply their own lists of products and prices, and these are matched against the original database.

What are the best price comparison sites in India?

CompareRaja.in is leading price comparison site in India established in July 2012. You can compare prices of 100+ categories like Mobiles, TV, Washing Machines, ACs, Air Coolers, Refrigerators, Air Purifiers, Water Heaters etc.

Why price comparison sites are important for online retail?

Price comparison sites are the lifeblood of online retail. A good online customer spends as much time on a price comparison site as they spend on the actual online sales platform. It is no wonder that today there are quite a few price comparison sites available for the Indian online market.

Is online shopping popular in India?

Online shopping is slowly creeping into India. As of now, a large number of people prefer buying everything from groceries to clothes online. Not so long ago, the Indian audience was wary of shopping online owing to potential thefts etc. However, that has now changed.

How do price comparison search engines work?

Typical search engines generally serve up straightforward results without sorting by price or showing comparisons. On the business side, each price comparison site is a little different. Essentially, you pay a certain fee, submit the required content (product photos, URL, price, description, etc.), and list your products.