How to Remain Competitive on Amazon’s Saturated Marketplace
In this playbook, discover strategies to increase your market share and win back demand.
Download the Amazon Competition Playbook
What Will You Discover in the Playbook?
- How to win against Amazon’s Buy Box competitive and private label products
- A breakdown of all the types of competitors that exist within the CompetitiveSphere™ on Amazon and how they impact your demand
- Steps to performing a competitive analysis for your business and which metrics you should regularly monitor
- Strategies to dynamically price your entire catalog and increase your market share
Who are Your Direct and Indirect Competitors?
Do you know who your direct and indirect competitors are on Amazon? Are you aware of the competing, complementary, and substitute products that affect the demand, price points, and discoverability of your items?
Indeed, remaining competitive and profitable on Amazon requires a comprehensive understanding of your direct and indirect competitors as well as a fluid strategy that evolves and adapts to Amazon’s dynamic marketplace.
Competing products are products that satisfy the same consumer need as your product. Direct competitors are the brands or sellers that provide those products. Factors like price or brand name can determine how competitive they are, ultimately impacting your demand. For example, think of the customer preference consumers may have with Nike versus Adidas.
In short, an indirect competitor is a brand or seller that offers similar products or viable substitutes. For example, if you sell peanut butter your indirect competitor would sell almond butter. Although they are not the same, they are used for the same purposes and could be comparable to consumers.
Remaining Competitive Through Competitive Analysis
Performing a competitive analysis is crucial to staying ahead of the competition on Amazon. A regular examination of key competitor metrics will not only help you track your own performance and profitability but will also allow you to make more precise scouting decisions and optimize your pricing and advertising strategies to increase your sales and market share.
Play by Play on Remaining Competition on Amazon
In The Amazon Competition Playbook, designed for both sellers and brands, we examine the intricacies of the CompetitiveSphere™ on Amazon, the variables that impact your demand and prices, and strategies to increase your market share, drive sales, and ensure the sustainability of your Amazon business.
Whether you are a brand or seller operating on Amazon’s marketplace, it is crucial that you understand every layer of competition on Amazon as well as the numerous variables that can directly or indirectly affect your performance on the platform.
With the details and strategies outlined in this playbook, you will be prepared to optimize your business accordingly and adapt to real-time market changes to always remain one step ahead of the competition.