2nd March 2018
Anticipating the price an Amazon product may drop to needs to be realistic, else your Price Spy may never turn into a price alert. Setting it too low could mean you miss out on a good deal. At least if it's a sensible amount, and you get alerted, you can then make the decision to buy, or not.
This is where Price Drop Helpers can really... help you out.
When setting up a Price Spy for an Amazon product, you need to come up with a price that it'll hopefully drop to, therefore notifying you via a price alert. Underneath where you set this desired price, you'll notice some buttons with a selection of predetermined prices. The image below demonstrates this:
On clicking one of these options, it'll set your desired price to that value.
Of course, you can enter any desired price you like (you can even go higher than the current amount!) - so those are just there to help you quickly choose an amount.
Factors, such as how quickly you want the product, or what you personally feel is a good price for the product, will influence your desired price.
I'd say it's safer to set a slightly higher desired price and have more chance of receiving an alert. If you recieve the alert and it's just matched your desired price, you can always update the Price Spy with a lower value. On the other hand, if it's dropped to significantly lower than your original desired price, you'll have made a great saving!
If you set an unrealistic price, a product may drop close to it, but if it doesn't match it or go lower, you'll never know if it even got near that low.