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Web Scraping Examples: New Business Uses

June 12, 2023 ยท 5 min read

We'll explore some real-world web scraping examples to understand why extracting online data can provide valuable opportunities for businesses and its growing importance in many industries.

What Is Web Scraping

Web scraping is the automated process of data extraction from websites. It involves using software or programming code to access web pages, retrieve specific information, and convert it into a structured format to be analyzed.

At its core, web scraping works by simulating the actions of human users navigating websites. Businesses can automate the process instead of manually visiting websites and copying information, saving time and effort while gathering larger volumes of data.

What Is an Example of Web Scraping

To illustrate how web scraping works, let's consider a practical example. Let's say you're a marketing professional working at a cosmetics company and want to analyze the number of products per vertical in a competitor's e-commerce. Visiting the website and manually copying, organizing, and analyzing information would take a lot of time and effort.

With web scraping, you can automate this task. Your scraper can visit the competitor's website, navigate to the relevant product pages, and extract the necessary information. It'll go through all pages, collect data, and save it in a structured format, such as a spreadsheet or a database.

This information can then be used to identify which of you offer more diversified products and identify potential gaps in your catalog.

What Can Web Scraping Be Used For

Web scraping has a wide range of applications across industries, enabling businesses to access and use data from diverse sources on the internet. Here are a few examples:

  • Market Research: You can gain insights into consumer preferences, opinions, and trends to identify new business opportunities, refine product offerings, and develop targeted marketing strategies, just like Amazon does.
  • Content Aggregation: Gathering content from different web sources, like news articles, blog posts, or product descriptions, can create curated content platforms, provide data for research and analysis, etc. That's an essential part of Google's functionality.
  • Sentiment Analysis: By collecting user-generated content, such as tweets or reviews, and analyzing sentiment trends, you can understand customer opinions, gauge brand perception, and improve products or customer service. For example, that's how Twitter enables businesses to gain valuable insights into user attitudes and preferences.

As the possibilities are large, the key is to identify the specific data needs of your business and leverage web scraping to gather and analyze that information effectively.

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Web Scraping Examples in Business

Web scraping has a wide range of applications across various industries. Here are some examples:

1. Real Estate for Data Science

Real estate websites contain immense data on listings and property prices. With web scraping, businesses can gather and analyze it to get valuable insights and make data-driven decisions.

One such example is OpenDoor, which provides quotes to homeowners to sell their properties using an algorithm that employs automated data collection methods.

2. Price Monitoring in Ecommerce

Price monitoring is a crucial aspect of staying competitive in the online marketplace. Web scraping enables businesses to efficiently gather and analyze competitor pricing data to track price fluctuations, identify discounts or promotional offers, and adjust their own pricing strategies accordingly.

For example, PriceRunner is a popular comparison shopping website that allows users to find the best deals from various online retailers. It employs web scraping to collect pricing data from a wide range of ecommerce websites to maximize profitability for individuals. Additionally, businesses use it to ensure the offered prices are attractive to customers.

3. Market Research for Lead Generation

Market research is essential for businesses to identify new business opportunities, and a handy use is for lead generation, as shown by ZoomInfo.

By scraping data from websites and directories, ZoomInfo extracts contact information such as email addresses, phone numbers, and job titles of individuals associated with specific companies or industries. This data is then organized and made available to their customers for lead generation.

4. Social Media Marketing to Find Influencers

Web scraping is used in social media marketing to identify influential individuals or content creators relevant to a particular industry or target audience. For example, businesses can scrape data from platforms like TikTok to find popular influencers in their niche.

Companies can identify potential partnerships by analyzing follower counts, engagement rates, and content preferences. That can help with brand promotion, product endorsements, or collaborations to enhance their social media presence and reach a wider audience.

An example of a company that uses web scraping to give easy access to this kind of information is Tokfluence.

5. Travel

In the highly competitive travel industry, web scraping plays a crucial role in gathering and analyzing data from multiple travel websites. Businesses collect information on flight prices, hotel rates, vacation packages, and other relevant details. This data can be presented to customers, enabling them to make informed decisions and find the best deals.

Kayak is a popular travel search engine that aggregates data from various travel websites, including airlines, hotels, and online travel agencies. Using web scraping techniques, it collects and analyzes pricing data, availability, and customer reviews to provide comprehensive comparisons and assist travelers in finding the most suitable options.

6. SEO to Increase Web Traffic

By scraping search engine results pages (SERPs) for specific keywords, businesses gather data on which keywords drive traffic and analyze the SEO tactics of competitors to improve their search engine visibility and attract more potential customers.

One example of a company that uses web scraping for SEO purposes is Ahrefs. This cloud-based software extracts data from various sources and regions to provide accurate and reliable SEO insights and help businesses generate higher traffic levels.

7. Product Delivery

Businesses involved in product delivery use web scraping to gather information about shipping rates, delivery times, and customer reviews from logistics websites. That enables them to optimize their supply chain, improve delivery efficiency, and enhance customer satisfaction.

FedEx is a global courier and delivery services company that relies on efficient logistics operations to deliver packages worldwide. By scraping data related to shipping rates, delivery times, and tracking information from logistics websites, FedEx gains real-time insights into the status and location of packages in transit. That allows them to provide accurate and up-to-date customer information, improving transparency and reducing customer inquiries.

Conclusion

Web scraping has become an essential tool for businesses in various industries, enabling them to extract and analyze valuable information. Whether it's for market research, optimizing business operations, or anything else, web scraping offers numerous opportunities for growth and success. And the real-world examples mentioned above demonstrate its versatility in different contexts.

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