How to Make Money from Web Scraping

Do you know what you are reading right now is Data? It may feel like a few words to you, but the back of your online reader contains Data that can be taken, sorted, and manipulated, simplified known as Web Scraper. They go through the code that was created to create the website (HTML code) or database and carry the Data they want.

Virtually any Website's Data can be scraped. Some sites include measures that prevent these scrapers from taking their data. But if you are good enough, you can definitely scrap 99% of online websites, and you can make money from web scraping.

If you didn't know what web scraping is? Now you have an idea, and we can get you started reading this article. Making money from Web Scraping can be unique, and it is not as difficult as it may seem. In fact, it took you less than 50 line codes to create the methods and examples. I am going to show you and can be learned in just a few hours.

How to make Money from Web Scraping?

Ø  By Creating Bots:

A bot is just a technical term for a program that performs a particular action. Depending on what you make of the process, you can sell it to people who don't have the technical ability to make it themselves. You can use this way to make money from web scraping.

To show you how to build and sell a boat, I created an Airbnb boat. This boat allows the user to input a location and will return all the houses that Airbnb offers to the location, including price, rating, and a number of guests, bedrooms, beds, and Baths. All this is being done by scraping the data of each posting on the Airbnb website.

I'm going to input a location to display the bot in action. Let's say I want to look for an Airbnb in Rome, Italy. I easily bot Rome, and it returns 272 individual IRBNs within seconds in an organized Excel spreadsheet.

Finding a place to stay while on vacation can be a daunting task. I am sure most of us have noticed that at one time or another. Because of this, some people are willing to pay to make the process easier. I made the process more comfortable with this boot. You saw me book a room with all my matching needs at a reasonable price in just 5 minutes.

Ø  By Reselling:

One of the most common ways of making money from web scraping proxies is getting prices from websites. Some people create web scraping programs that run every day and return the price of a particular product. When the price reaches a certain amount, the program will automatically buy the product before it is sold. The demand for this product will be more than the supply because they sell the product at a higher price to make a profit.

Deals and sales are limited at each local website. They will display the actual price and the selling price. But what they don't do shows how small it is. For example, if the actual cost of a watch is $350 and the sale price is $300, you would think that the amount of $50 would be too high, but it is only a 14.2% discount. Now if the actual price of a T-shirt is $50 and its selling price is $ 40, you can see that the ten is not much higher than the original price, but in fact, the discount is 20% more than the watch.

It is using Hudson's 'Bay,' a department store that sells numerous products on all kinds of brands, web scraping. To find the original and selling price of all products and to see that product at a considerable discount.

After scrapping the website through residential proxies, it returned more than 900 products. You can see, there is only 1 product out of 900 with over 50 discounts. This will be the Perry Ellis Solid Noon Iron Dress Shirt.

This sale price is only a limited time offer, so the cost of this shirt will eventually be around 90. So if I buy it now at $ 40 instead of selling it, when its original price is below $60 at when the limited sale ends, I will still make a profit of $ 20.

Ø  By Selling Data:

Another prevalent method of making money from web scraping is by Selling Data. There are millions of datasets that are free and accessible to everyone. This Data is often easily collected and presented to anyone who wants to use it. On the other hand, getting some data is not easy, and putting it into an excellent clean dataset takes time or a lot of work. This Data has evolved into sales. Some companies focus on retrieving the data. This may be not easy to obtain and configure in a better clean spreadsheet or dashboard that can be used by others at a specific cost.

BigDataball is a sports statistics website that sells player log, play-by-play data, and other statistics for a season's worth of data for 30. The reason they can ask about this price is not that there is only that Data, but because there is only one website that presents this Data in a very serious and clean dashboard that is easy to read.

Now all I'm going to do is get the same data as Big Data Ball is free, and I'm going to put it in the same dachshund as I did before.

Needless to say, there are some significant data balls you can do. It's hard to find Data manually. Let your computer work, and sell it to those interested in keeping that Data in an acute dataset.

Conclusion:

In a world where everyone wants to make money, making money from web scraping has become a very unique and new way. It can help you make a ton of money. If you put it in the right place, and most people think it's easy to do.