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On the internet, a price comparison service (also known as shopping comparison or price engine) allows individuals to see different lists of prices for specific products. Most price comparison services do not sell products themselves, but source prices from retailers from whom users can buy. In the UK, these services made between £120m and £140m in revenue in 2005 , and is growing at an annual rate of 30% to 50%. HistoryThe internet boom of the late 1990s made price comparison profitable. Price comparison services were initially implemented as client-side add-ins to the Netscape and Internet explorer browsers, and required that additional software be downloaded and installed. After these initial efforts, comparison shopping migrated to the server so that the service would be accessible to anyone with a browser. Services are now offered by websites dedicated to price comparison and by major portals such as Yahoo!. ShoppingIn the late 1990s, as more people gained access to the internet, a range of shopping portals were built that listed retailers for specific product genres. Retailers listed paid the website a fixed fee for appearing. These were little more than an online version of the Yellow Pages. As technology has improved, a newer "breed" of shopping Web portals is being created that are changing both the business model and the features and functionality offered. These sites do not "aggregate" data-feeds provided from the retailers, they search and retrieve the data directly from each retailer site. This allows for a much more comprehensive list of retailers and the ability to update the data in real-time. Generic portals and search engines launched similar services and companies that stood to benefit from increased internet shopping (especially credit card and delivery firms) launched similar sites. Many of these services have since closed. From Wikipedia under the
GNU Free Documentation License How come so many eBay buyers don't know about price comparison sites? Q. Is anyone else baffled by the fact that people bidding on eBay frequently bid far higher for something, even when it is second hand, than they could buy it new from one or more of the reputable online shops. I just watched an easily available (new) Disney DVD sell for 53p more than they would have from the Jersey branch of one of the best known internet shops, and then they have to pay 2 postage on top of that. I would have thought that if people were knowledgeable enough about the internet to be using eBay, they would also know there were price comparison sites where you could shop around for the lowest price. I'm sure it is good from the eBay seller's point of view, but do any of you buyers not realise you can save yourself money? The… [cont.] Asked by Rotifer - Sun Sep 3 17:50:46 2006 - - 5 Answers - 0 Comments A. for most people, the bidding aspect of ebay is very similar to gambling. you get it set in your mind that you want this item and will only pay so much for it. As you sit there and watch the final minutes you see that the price is exceeding your original wager. not willing to loose the item over a couple of bucks, you bid higher and higher until it gets to the point where you MUST have it regardless of price. same deal as gambling really where most people simply cannot leave well enough alone. ALso keep in mind that "some" items on ebay are rather hard to find or discontinued items. therefore raising their value to the customer who realizes that the odds of finding this item elsewhere may be very slim. Answered by LP - Sun Sep 3 17:58:18 2006 I want to buy Apple iPods. Which site provides best information and price comparison? Q. I think Become.com provides best data about products and prices. It is a comparison search engine designed to help consumers doing product research on the web. Become.com crawls over 3.2 billion web pages specifically from guides, expert reviews, consumer reviews, articles, specifications, forums, merchants, and a variety of other useful information to help consumers make better buying decisions. What you say? Asked by Shopping Bee - Fri Jul 17 05:12:38 2009 - - 4 Answers - 1 Comments A. Well, if you are trying to buy Apple iPods exclusively, it's better to have a look at Apple's own website It provides comprehensive information on all iPod models and also price information. If you want to follow experts review, it's better to check out the website you've mentioned or websites like cnet.com etc. Answered by DI llll ll - Fri Jul 17 09:07:35 2009 How can we trust user advices on merchant sites and price comparison sites ?
Q. More and more people give their advices on products or merchant site regarding delivery or quality of the products.How can we trust these people ? Are they real or just people paid by brands or merchant sites to give us good feedback ? Asked by Patrick P - Sun Nov 22 02:37:14 2009 - - 1 Answers - 0 Comments A. thats a good ? u can only really trust them by meeting them in real life or if u cant because they live to far or in another state or something like that than either stop buying online and actually go to the store nd buy it but if u like buying online than i dont no what to tell you. Answered by Nathan - Sun Nov 22 02:46:06 2009 From Yahoo Answer Search: "price comparison" The dangers of online shopping - MSN Money UK
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