Selling on Amazon? Thought of competing on Amazon? Competing with Amazon is possible now.
Amazon may be the most dominant e-commerce platform, but with the right strategies, competing with Amazon is entirely possible.
Read on, our tips to know how to compete with Amazon and win:
COMPETE WITH AMAZON WITH THESE TIPS
1. CHOOSE PRODUCTS WISELY
Without profitable products, you can't compete with Amazon or with any other sellers. Finding profitable products is quite difficult, but not anymore.
We've got a recommendation of a platform Amz Online Arbitrage where you can find profitable products for deals.
Amz Online Arbitrage helps you to find products available for deals from various online stores.
All you need to do is, sign-up for Amz Online Arbitrage, choose and analyze products with data, buy them from the store and sell on Amazon.
With Amz Online Arbitrage sourcing products is easy as well as finding profitable products also made easy.
Amazon has everything to sell. But, you're selling only a few things. Take this as an advantage and try to concentrate on your keywords and your product copies.
2. MANAGE INVENTORY
Never run out of stock, there are chances when Amazon will eventually run out of stock of a particular item.
Plan your inventory ahead by forecasting the demand for your products. Without stock, not about Amazon, you can't compete with other sellers either.
After making search customers get a list of search results, they won't scroll down. Just look for the product that appears on the top, look for images and product title and click.
Think like this, they've attracted by your images or title intend to click or make a purchase and end up looking that the product is out of stock.
Your customers are more likely to get fed up and leave the site itself or your product page. This made you not only lose the customer but also the impression about your brand/ seller name.
3. CUSTOMER EXPERIENCE
Well, there are many rules, restrictions, and policies are taken place on Amazon for the sellers because they are a customer-centric platform without any doubt.
Rather than satisfying their customers, Amazon focuses on how not to dissatisfy their customers.
Maybe satisfying and dissatisfying go hand in hand, you focus on both the factors.
One of the best ways to compete with Amazon is to provide something that they won't. They can’t provide personalized service and relationships to customers.
When it comes to shipping, it's known that Amazon is dominating and their success depends on shipping.
Amazon has a great delivery system, but it might not work for every seller. Amazon’s Prime members can get two-day shipping for free.
Ideally, people could select their choice of channel(s) with what suits them at a particular time.
Whatever option they choose, they opt for an on-time fulfillment service and shipping service that exceeds expectations and provides satisfaction.
As an Amazon seller, the first thought that appears while competing with Amazon is probably reducing the price.
Amazon is sitting back collecting data. Do a quick search on Amazon, and you’ll see an AmazonBasics alternative to the previous Best Seller.
If you plan to lower your price, you actually end up risking your Amazon business. Don't take the risk of losing a business’s survival by slashing the prices.
By staying competitive on pricing, you can still win the competition.
Having said that, nearly half of the sales are made by third-party sellers on Amazon. Amazon may be the largest e-commerce platform but there are some serious gaps, which sellers can exploit.
Think about the customer and deliver a great customer experience you will definitely win by competing with Amazon.