Monitoring your competition on the Amazon marketplace can be a lot like swimming against the current of the river it’s named after. An Amazon seller can experience some turbulence based on changes in their competitors’ prices, inventory, and more. Staying on top of these changes is challenging, but Wiser’s Amazon assortment tool can help sellers stay afloat and keep up with the current.
But why limit your assortment to Amazon? Retailers with their own webstores have to compete with the marketplace as well, especially in categories like electronics. Luckily, Amazon assortment can be integrated with webstore sellers as well. It can analyze ratings and star counts to give you an idea of how successful the most popular products are. The same goes for Amazon sellers. No one wants to sell products with low demand, so Amazon assortment will tell you reviews and ratings of the product.
Amazon assortment integrates with your WisePricer account to deliver potential prices for your products. Once you input the cost of the product from your future supplier, we can recommend a selling price. The estimated margin can then help you decide to carry the product. It can also tell you if the product is not worth selling if the competition’s prices are just too low to compete with.
Optimizing your assortment on Amazon is impossible to do on your own. Amazon assortment will help you find opportunities to add more products to your inventory, and WisePricer can help determine the assortment’s likelihood of success. Amazon is an intense marketplace to sell on, but we’re here to make sure you have all of your bases covered.
Contributing Writer: Brian Smyth