I am planning to start a online price comparison site which will allow users to search for books of their choice and display the price of that book apart from other details like delivery details, COD option available or not etc at various online bookstores.
Apart from that, It will also have a blog where we will review latest books and always conduct contests and giveaways on a regular basis.
I have a few queries. It would be extremely helpful if you can help me to sort them out.
1. There are a couple of other large players in this space. Is there any scope for a newcomer in this niche?
2. Since I am not much into coding/designing I will have to outsource site designing/development. What will be the approximate charge of creating such a site?
3. What are the revenues I can expect from such a site if I have a modest traffic and monetize the site with affiliate links to product pages at online stores? I am thinking of taking up this work as a side project which will enable me to make some modest amount every month.(Even 3-5k every month to start with will be good enough)
It would be extremely great to hear from you guys. Please do share your opinion and feedback.
Ankit Shukla
Hi Shravan, I think you would have done adequate market research around this, there are already many price comparison search engines, eg:Junglee, and are quite popular in the market, what would be your USP? You should find sites like this, find something that you can workupon, i m sure you will find some opportunity.
Developing a price comparison engine involves many modules, you would to work through API [which i don’t think many sites would have], or can set CRON jobs to crawl the data at regular periods, since lot of technology is involved i would suggest you to find technical cofounder if possible. A decent firm will take anything between 50k to 250k to design the first version of the service [this will include a lot a things].
I don’t think you can get the money so early, coz you have to spend on adwords, social media etc. too, thn only the site would be popular enough to earn you any money.
Thanks 🙂
asha chaudhry
shravan,
pls follow the @therodinhoods twitter thread as well
wud a price comparison site for books work?! hit this rodinhooder with candid books (errr – feedback!) #freakyfridaytherodinhoods.wpengine.com/forum/topics/s… – 14 Mar
@therodinhoods yup try indiabookstore.net🙂
Shravan
Thanks a lot Ankit for your reply!
Shravan
Sure Asha. Will follow the thread !
Alok Soni
The Book World
Unless you like books very much I wouldn’t suggest that market. The average book prices ranges from
Alok Rodinhood Kejriwal
Doesnt makes sense.
Books are commodity. Hardly any price fluctuations if you look for Autobiography of a Yogi on Junglee.com
INSTEAD – why not use ‘price comparison’ for other IMPORTANT ideas?
Comparing Term Life policy costs?
Comparing Insurance Policies of Cars
I am sure these solutions exist, but take “PRICE COMPARISON” to a new field, since that really is your USP?
Shravan
Yes sir. Will definitely keep your suggestion in mind and explore those possibilities too.
Thanks a lot for advice.
Darshan Bhambiru
The idea here is called “e-commerce aggregation” as Pawan Deokule said It is debatable!!!
Startup : An Idea can change your life.
In the same Breath, you can check with Puneet Sharma Founder @ BearShop.in that was similar in nature to what you are trying to find out finally as well, BearShop is now Shutting Down!! (He also runs Bug Clipper) Check the comments specifically on his post for the Debate, it was already here, much before your Promoted twitter post
Stab me, kiss me, kill me, love me: litizen.com
How-to increase online sales? Product Comparison Sites can help you bring in more traffic than you thought!
3 secrets that would make your online shopping experience magical
Some Debates which you could check and participate or learn otherwise as well.
Online shopping in India – Need for an integrated experience
Most Comprehensive Indian Online Shopping Guide!
Genuine feedback awaited from fellow members..www.price-hunt.com
ONE STOP SEARCH ENGINE.It is a online price comparison engine where we can find the best price of products in Mobiles, Books, Cameras, Electronics, Computers, Appliances and Personal Care products.It also provides the user with the great deals and offers in various stores.
You can also check the comments in these posts which could make you ASK yourself too, what are you trying to take ahead ? Try to get Answers by asking yourself what you don’t see… Though products may differ the underlying principle remains mostly the same for any of these Verticals, for you to take the Learnings accordingly.
Locobazaar- Get local vendors on your mobile – Need suggestions and…
Aim of Education is not Knowledge but Action
Herbert Spencer~
Decide and Focus when trying out options, Do some ReSearch (Or search in the First place) and then look at the Resources and Connections at hand to take things further or plan about it too. Hope you Get it!
May your Actions Speak louder than your Words.
May your Life Preach louder than your Lips.
May your Success be your Noise in the End.
Hope this Helps again 🙂 Good Luck !!! Cheers!!
Soumen Das
Hey Shravan, I personally use thisyathat.com for price comparison of books. Also reviews in the ecommerce websites and goodreads.com are enough to judge the book. So I agree with Alok regarding price comparison for other ideas.
Happy to help always 🙂