Have you ever wondered if you were getting ripped off on eBay? Have you tried to sell something on Craigslist, but weren’t sure how to price it?
Pricenomics, a new Y Combinator Startup, can help. Pricenomics crawls the web to compile a holistic price guide for a broad range of products, from bicycles to iPads.
Here’s how it works. Santa gave you an iPad 2 3G for Christmas. But you already have one, so you turn to Craigslist. How much should you ask for?
Visit the site and search for “iPad 2 3G.” Priceonomics gives you an estimate for how much you should sell it for, along with a range of prices it’s found on the internet. It then displays listings of other people selling that product.
Check it out:
Obviously, it works the other way as well; maybe you asked for a MacBook Air, but Santa didn’t deliver. Pricenomics has browse-able guides for a range of products. If you’re looking to buy a Macbook Air, Pricenomics provides you with a comprehensive report of price estimates and sale listings.
There’s nothing fancy going on here – the website’s just quickly providing you with a lot of data, most of which you could have found on your own.
TechCrunch asked Pricenomics CEO Michael Flaxman why Pricenomics is different from other price guides. He said,
“First, in almost all our verticals we’re the first price guide to exist. Want to know what a five-year old bicycle is worth? Good luck finding that! Second, our guides are generated by the collective knowledge of literally millions of people. All the data is transparently available for everyone to see. This gives us a credibility that doesn’t exist for the big car pricing sites. This means that all of our guides are constantly updated automatically as we continue to index the web, so there’s no risk of our prices becoming stale.”
Pricenomics launched on December 21st. They may have missed the holiday blitz, but re-gift and resell season will soon be upon us.