it's a jungle out there: 5 ways to stop getting amazoned
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TRANSCRIPT
Win the race to the top. Wiser logo. Price for Pro�t
SO, WHAT DOES IT MEAN TO GET “AMAZONED”?
Amazon’s mission is “to be Earth’s most customer-centric company, where customers can find and discover anything they might want to buy online, and endeavors to offer its customers the lowest possible prices.”
Getting AMAZONED: When Amazon undercuts reseller prices using data that it automatically collects and its vast resources.
P R I C E C U T T I N G
S H O W R O O M I N G
2012: Target stops selling Kindles because its stores acted as showrooms for Amazon.
92% of smartphone comparison shoppers visited Amazon. 57% of showroomers use Amazon as a benchmark.
TOP STRATEGIES TO AVOID GETTING AMAZONED
Don’t get caught in a price war.
Price for Profit.
H AV E C O M P L E T E P R O D U C T D E S C R I P T I O N S2
Use as many keywords as you can in your product descriptions
Keep description under 200 words
Provide high quality photos, with a whitebackground with the product taking up at least 80% of the image
Don’t mention price or sales in your title
Sony W800-B MPDigital Camera
MP Super HAD CCD sensor for beautifully detailed imagesSony Lens w/ 5x Optical ZoomReduced blur with SteadyShot Image stabilization
WAY S T O O B TA I N T H E B U Y B O X1
Qty: 1
+ Free ShippingIn stock
Add to Cart
Buy New:
Have an assortment of inventory readily available in all sizes and colors
Become a high-rated seller by receivingsubstantial positive feedback
Decrease rate of return and canceled orders
The Buy Box accounts for about
70% of all Amazon purchases!
U S E A N D T E S T K E Y W O R D S3
Be precise; utilize “long tail” search terms,instead of relying on the most popular ones
A/B test your product descriptions orkeywords -- shoes vs sneakers
Long-tail keywords are longer and more specific keyword phrases that visitors are more likely to use
when they’re closer to a point-of-purchase. women blue running shoes
ASICS Women’sPR Running Shoes$50.00
Newton RunningBOCO Shoes$67.00
U S E D Y N A M I C P R I C I N G T O P R I C E I N T E L L I G E N T LY5
Monitor and reprice often
Test pricing to identify price elasticity
Capitalize on demand fluctuationsto maximize profit
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PROFIT
A D D VA L U E T H AT J U S T I F I E S A P R E M I U M4
Provide excellent customer service
Have flexible shipping options
Keep your inventory updated
VA LUE
50% of abandoned purchasesare due to inadequate delivery options
442 Post Street, 8th FloorSan Francisco, CA, 941021 855 469 4737www.wiser.com
Sources: Market Watch, Biz Report, Parago, Channel Advisor, New York Times
Dynamic pricing can boostprofits up to 25% on average!