it's a jungle out there: 5 ways to stop getting amazoned

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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. PRICE CUTTING SHOWROOMING 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. HAVE COMPLETE PRODUCT DESCRIPTIONS 2 Use as many keywords as you can in your product descriptions Keep description under 200 words Provide high quality photos, with a white background with the product taking up at least 80% of the image Don’t mention price or sales in your title Sony W800-B MP Digital Camera MP Super HAD CCD sensor for beautifully detailed images Sony Lens w/ 5x Optical Zoom Reduced blur with SteadyShot Image stabilization WAYS TO OBTAIN THE BUY BOX 1 Qty: 1 + Free Shipping In stock Add to Cart Buy New: Have an assortment of inventory readily available in all sizes and colors Become a high-rated seller by receiving substantial positive feedback Decrease rate of return and canceled orders The Buy Box accounts for about 70% of all Amazon purchases! USE AND TEST KEYWORDS 3 Be precise; utilize “long tail” search terms, instead of relying on the most popular ones A/B test your product descriptions or keywords -- 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’s PR Running Shoes $50.00 Newton Running BOCO Shoes $67.00 USE DYNAMIC PRICING TO PRICE INTELLIGENTLY 5 Monitor and reprice often Test pricing to identify price elasticity Capitalize on demand fluctuations to maximize profit 1PM 2PM 3PM $$$$ $$$ $$ $ 4PM 5PM PROFIT ADD VALUE THAT JUSTIFIES A PREMIUM 4 Provide excellent customer service Have flexible shipping options Keep your inventory updated VALUE 50% of abandoned purchases are due to inadequate delivery options 442 Post Street, 8th Floor San Francisco, CA, 94102 1 855 469 4737 www.wiser.com Sources: Market Watch, Biz Report, Parago, Channel Advisor, New York Times Dynamic pricing can boost profits up to 25% on average!

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Page 1: It's a Jungle Out There:  5 Ways to Stop Getting Amazoned

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

1PM 2PM 3PM

$$$$

$$$

$$

$

4PM 5PM

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!