Amazon pricing

Simple tips to price your Amazon products

Consider your total cost First and foremost, analyze and calculate the total cost of the product For a manufacturer, the following costs will be involved Raw material cost Overheads Tax For a retailer, the following costs will be involved Cost price Tax Once you have calculated the total cost of the product, define the profit margin for the product. The selling price can usually fluctuate (+ or -) depending on some of the factors that will be discussed henceforth on this blog. Analyze your competition  When you are selling on Amazon, you are one among plenty of other sellers and there will be at least more than 10 sellers who are into the same/ similar product segment as you are. […]

Sales Rank on Amazon

Mastering sales ranking on Amazon

What is an Amazon sales ranking? The rank is specified for each SKU (product) and Amazon algorithm updates it on frequent basis. Amazon algorithm considers the performance of earlier sales to determine the rank. To note: The rank is independent of the product category. Where does the sales ranking gets indexed on the product page? Amazon sales rank gets indexed in the product information widget on the product page. Importance of mastering sales ranking 1: Higher the sales rank, higher is the chance of attracting customers to the product pages Higher the sales rank,  better is your Amazon sales. Let’s say, a customer is searching for mobile accessories on Amazon. There are plenty of sellers who are into the same […]