Business Idea:
A platform that automates the detection of price drops and refunds on online purchases, helping users recover money they might be missing by tracking fluctuating prices across e-commerce sites like Amazon.
Problem:
Consumers often miss out on refunds or savings because tracking product prices manually is labor-intensive and unreliable, especially with frequent price changes and anti-scraping measures by retailers.
Solution:
An automated service that monitors users’ past purchases, detects when prices drop, and automatically requests refunds or credits from retailers, saving time and maximizing savings effortlessly.
Target Audience:
Online shoppers who frequently buy from platforms like Amazon, deal hunters, budget-conscious consumers, and anyone looking to reclaim money lost due to price fluctuations.
Monetization:
Subscription plans for regular monitoring, a pay-per-refund model, or a percentage fee based on the recovered savings. Additionally, premium features like detailed tracking reports could generate revenue.
Unique Selling Proposition (USP):
Unlike manual tracking or generic alert apps, this service automates the entire process of detecting price drops and refund requests, handling anti-scraping hurdles and reducing user effort to zero.
Launch Strategy:
Start by developing a simple prototype that tracks a limited set of products for a small group of users. Focus on Amazon API integration or browser automation to identify price drops. Gather user feedback to refine the automation and expand features gradually.
Upvotes: 3
Read more: REDDIT – r/automation