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Amazon Retail Analytics – ARA Basic Vs Premium For Vendors

Amazon Retail Analytics is a powerful tool provided by Amazon for its Vendor Central account sellers. Every vendor gets access to the ARA basic version once they set up an account and this package includes sales and inventory reports, catalog reports, and operational reports. The ARA Premium version comes at an additional cost and provides a lot more features to help sellers analyze their business more efficiently. Let’s see the difference between the ARA Basic and Premium versions in this blog. Amazon Retail Analytics Basic ARA Basic access is given to all vendors and it is, without a shadow of a doubt, the most powerful tool to understand metrics and reports. Currently, ARA Basic provides the following reports: Sales Diagnostics Traffic Diagnostics Operational Diagnostics Forecast and Inventory Planning Inventory Health All these reports can be filtered based on the brand, category, subcategory, product group, and replenishment code to include more details on the report. As the name suggests, the reports on sales & operations are basic, and the data history is limited, although it is free. ARA Premium ARA Premium is found under Reports -> Amazon Retail Analytics Premium. It comes at a cost of 30K per year subscription. It is more robust compared to the basic package and it provides a multitude of reports and data. ARA Premium provides access to the following and a few more: Reports on sales & operations Reports on traffic Reports on consumer behavior Data availability Customer reviews Scheduled email reports Real-time sale There are also different metrics available in ARA Premium. For example, In Sales Diagnostics, there is an additional metric called “Ship Revenue”. In ARA Basic, “Ship Cost”, is the only metric available. The other stand-out feature in the Premium package is the Search terms. Here, you get access to Amazon’s top 100 search terms. ARA Premium provides the vendor with a strong understanding of revenue and also provides insights, helping him understand where revenue is generated, what the competition is, what the customer behavior is, and most importantly, it provides ASIN level performance metrics. Simply put, it provides more actionable data and sorting options to help detailed analysis. Buying the Premium package is totally up to the seller and the stage at which he is in his Amazon journey. The Purpose of ARA Reports – How Do We Benefit From Them? By leveraging data from ARA reports, vendors can refine marketing efforts within Amazon and across other channels as well as drive traffic back to Amazon. As a seller, it helps you analyze the following in order to come up with actionable strategies. Traffic & conversion Content & visibility Availability Consumer behavior Returns Price, Lost Buy Box Competition The biggest challenge is analyzing a huge volume of data, interpreting it, and utilizing it, to make the necessary changes in the business model.

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Three Key Areas for Efficient Listing On Amazon

As an Amazon seller, you have done a truckload of research before choosing the product to buy and materialising it. The game begins when you sign up and list your products. The marketplace is getting increasingly competitive as its seller base is growing continually. It is more like a battlefield and competing with millions of others to make sure your items are found and bought is a constant struggle. Whether you are a new seller or not, here are pointers to keep in mind for an efficient listing on Amazon. Three Key Areas for Improvement: First things first. Customers need to be able to find your products to buy. Amazon’s search algorithm works by matching the keywords against the information (title, bullet points, and description) that you enter for the product. However, there are many other factors that determine the visibility of your products on the search results, like the degree of text match, price, availability of the product, sales history, reviews, and other factors. The more relevant and complete the information is, the more visibility and sales the product gets. You may want to research ways to promote your listings and attract buyers to your storefront. Your storefront provides access to any Amazon listings you offer. The biggest sales drivers on Amazon are Search and Browse options. You can work on the following three key areas to efficiently list items and increase sales on Amazon. Backend Search Terms Apart from stuffing keywords on the title and the description, Amazon provides you with an opportunity to add keywords in the backend. These are hidden from the customers but they help with the SEO.  You can add up to 200 bytes of keywords in the search fields. These keywords should be generic words which have the potential to improve the product’s discoverability. Here are some guidelines to utilize this effectively. Don’t use product identifiers such as brand names, UPC or ASIN. Don’t provide misleading and irrelevant information. Do not repeat terms from the title or bullet points. Put the words in the most logical order in which the customer is likely to search. Use a single space as a separator. No commas or colons allowed. Don’t use common misspelling words as the search engine is capable of identifying and compensating for the customer’s error and offering suggestions accordingly. Don’t use variants of punctuations, spacing, and pluralization (“80GB” and “80 GB”) Include all the abbreviations, alternate names, and synonyms in the search terms. Browse Nodes Amazon customers find products by either searching on the search bar directly or browsing to a specific category. When customers browse, they further narrow down their search by choosing the exact category and subcategory. This is why it is most important to identify the right browse node and list your product there. If you are not sure about your product’s category, your best bet is the search tool as it is quick and easy. In the search box, type a similar product of yours and see what list of categories the result page suggests on the right and left sides. You may need to dig deep into several categories before you reach the most relevant level. Once you have identified the best category, you can go ahead and submit your product information to create a product detail page. Product Detail Pages Once a customer finds the product through the Search or Browse option, the product page becomes the selling point. You should ensure your product detail page is compelling enough to meet or exceed the competitors quality in your category. There are five key components on the product detail page that helps to increase sales. Keyword-stuffed yet meaningful title in the right format Inspiring product images Competitive prices Clear and concise bullet points Imaginative and well-written product description. Even after doing all things right, your product may not instantly come up on the first page of search results. Playing around with keywords and running campaigns to boost ranking is what needs to be done. Patience and perseverance are what you need to taste the fruit of success with any Amazon business. If you need professional help with your Amazon store management, get in touch with us. BIE is a Vancouver, British Columbia-based agency providing human resources to manage all things Amazon. BOOK A FREE CONSULTING CALL

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