When it comes to online marketplaces, Amazon may not be the only game in town for online retailers, but it’s close—with the Seattle-based company now accounting for close to half of all online retail sales. For retailers operating in this massive marketplace, data is quickly emerging as the key competitive differentiator.
In this series, we will show several ways that retailers can leverage Amazon data to gain the insights needed to make more informed decisions, gain an edge over competitors, and maximize sales and profits.
Retailers need to know how much competitors are charging for similar goods. Since Amazon is often the first place consumers start when searching to buy something online, it’s also a great place for retailers to monitor pricing.
In addition, Manufacturers can use Amazon to check the minimum advertised price (MAP) of its goods, which is particularly insightful given Amazon is often a low price leader. With Amazon’s Dynamic Pricing, prices change often.
With Import.io, it is easy to:
- Establish a baseline report of prices and products sold on Amazon.
- Receive automated updates when products are added and removed or prices change.
- Gain the insights needed to ensure your pricing yields maximum sales—and maximum profits.
To monitor additional sites or handle more complex pricing scenarios, Import.io also offers price monitoring as a service.
Harnessing the Power of Amazon Web Data
Amazon now accounts for close to half of all online retail sales. For retailers operating or competing in this massive marketplace, data is quickly emerging as the key competitive differentiator. In this webcast, find out how your team can maximize the potential of Amazon web data. Find out how you can gain the insights needed to make more informed decisions, gain an edge over competitors, and maximize sales and profits.