What is Amazon Sales Rank?
In short, Amazon Sales Rank (Amazon Best Seller Rank or BSR) is the status symbol and measuring stick of sellers in the Amazon industry. It’s how you know how well you’re doing:
- In your main category
- In your product-specific category
- vs. your competitors
What will you get out of reading: What is Amazon Sales Rank?
1. What is Amazon BSR (Best Seller Rank)
Amazon Sales Rank is a number that Amazon assigns to a product. The best seller rank (BSR) is your favorite player’s jersey number, your lucky number, your status symbol of how great your products are number.
If you’re currently at 5 million, there are 5 million other products that are moving faster than yours. If you have a listed item posted and it has never sold, there isn’t an Amazon best seller rank number listed.
Neither of these scenarios is a great spot. BUT, that is why you’re spending more time searching for how to improve your Amazon BSR. This article will provide more details than you’ve seen thus far. Therefore, will push you to take action and see the results you need.
BSR is essentially a snapshot in time. A number in the millions can be good if you haven’t sold anything in quite some time because if someone buys your product, it will decrease your best seller rank number into the hundreds of thousands.
However, if there aren’t any sales after that, it’ll get much worse. Your goal from there is to consistently lower your Amazon BSR number and become steady. Rank is driven down by sales, demand pushes sales rank down.
Let’s take a quick look…
Here is where you’ll find your immediate competition, we’ll dive into those natural details in the next few questions.
But first, let’s look at 10 factors that make up Amazon Rank.
10 Amazon Sales Rank Factors:
2. How Amazon BSR Affects Amazon SEO?
Amazon best seller rank has many determining factors. For this reason, we will discuss the importance of combining these factors so that it will manipulate your Amazon BSR. Furthermore, BSR is affected by Amazon search engine optimization.
Amazon SEO focuses on converting a shopper into a first time customer immediately. Amazon conversion rate optimization includes; sales velocity, sales copy, and photo details. These will convert the product listing to increase sales. Products with a “better” best seller rank, appear higher or more prevalent in search results.
What is Amazon Sales Rank, specifically the best seller rank, is the final product of each of these different factors that have contributed to your proven success. Think of it as your grandma’s secret sauce recipe. She gives you all of the ingredients and you try and make it yourself, but it never tastes exactly the same. This is where technique comes into play.
Below are some tasty ingredients and a few techniques to master your BSR and Amazon SEO skills!
A. Sales Velocity:
Sales velocity is a measure of how quickly a product is sold. Think of this term as “money-per-month”. Notably, this is very useful to predict future sales and measuring the impact of changes. Your goal here is to maintain an effective sales pipeline.
- One way to increase sales velocity is to learn about the buying processes of prospective buyers, ultimately saving you time.
4 Tips On How To Increase Sales on Amazon Today goes into more detail of sales velocity and the importance of understanding how to get yourself more presence in the Amazon world.
- Measuring average time conversion should help you decipher why customers are leaving before checkout. The shopper on your page reviewed details, hangs out for a little bit and then is suddenly gone.
With that said, consumers are less likely to return after they leave your page. Your Amazon BSR will continually reflect those losses since your technique isn’t currently working. E-mail follow-ups and offer discounts. These are two great ways to bring them back and convert them.
B. Amazon Conversion Rate Optimization:
Amazon conversion rate optimization is extremely important in fulfilling your goal to increase your Amazon best seller rank. In this instance, your conversion rate is the percentage of leads that convert from potential customers to paying customers in a month.
- A high click-through rate (CTR) will improve your longevity organically. If you create bundles or incentives it will bring more people to your page.
Amazon Sales Rank has another ingredient. Particularity, in the E-commerce industry, Google optimization is the top focus. Amazon optimization is more important for this matter.
Think about it. A shopper researches on Google for information on a product’s primary use, durability, quality etc. Shoppers BUY products on price competitive and credible websites. These websites turn new customers into repeat customers.
Amazon is more precise in that they measure success by revenue per search. Google measures by click rate, search refinement and dwell time. Improving conversion rates is a big concentration when optimizing for Amazon. (Organic Search Ranking Factors) Amazon’s algorithm can be a bit complex, but we know BSR ranking can be based on historical data too.
- One great way to manipulate Amazon’s algorithm of tracking historical data is to space out product launching. This will help Amazon determine future sale predictions which leads to a lower chance of your BSR decreasing. Another benefit of this is that it can increase organic and paid traffic.
- If you’ve hired an SEO or are thinking about it, they should have already told you this, if not, check out how a great SEO should be increasing your conversion rate optimization.
You will make it harder to stand out if your product image is the same as everyone else. As a matter of fact, online shoppers want products to be brought to life with images (78%) and product reviews (69%). (E-commerce Online Trends) Also, make sure your images are at least 1000 x 1000 because it will initiate a zoom function. “Zoom function has shown to increase sales.” (Amazon Customer Help)
C. Sales Copy:
Sales copy should be seductive.
- Creating buzzwords for each product, using tricks, technique, and formulas help consumers justify why they need your product so badly!
- Headlines should intrigue the consumer passing through, stop them dead in their tracks to click on your link versus the competitor. Focus on your most important benefit, while keeping it short and sweet.
- Credibility by using specific details can help persuade the customer into thinking you know everything about this product because you really are the professional.
- Telling your readers they have a problem or making them feel like they have a problem is a great way to introduce your solution! Most competitors use the copy and paste method or leave out important keywords in their product details. This is a no, no!
3. How to Improve your BSR:
Don’t forget-Amazon best seller rank constantly fluctuates. This is a task that needs reviewing and consistent updating. Learning how to do this is beneficial, but extra help will never hurt your profit capabilities. This is one of those tasks that Amazon Management can help you with.
Amazon sales will increase as. your Amazon conversion rate optimization is modified to your needs.
Amazon sales rank is not much without the right formula for Amazon conversion rate optimization.
If you are able to optimize your conversion rate, you’ve just improved your BSR.
Images, sales psychology, sales velocity, social media, and outside source product listings are crucial to success. Amazon rewards consistency.
- Sales Psychology:
Sales psychology is put to good use here. You want to make sure a high percentage of people convert the FIRST time on your page.
Reverse engineer the customer you want. You are the lion seeking out the zebra. In this instance, the zebra will be fine after you’ve perfected your hunting technique.
After all, they have made the initial move to search for your product. Your persuasion is what closed the deal. Persuasion is an easy to learn technique; understand who they are and what they want to hear.
Use keywords, phrases, detailed descriptions, and capitalize on the solution you provided for their “need”. By tailoring it to the type of customer you want and using techniques like this, it will make your potential customer feel like they need to execute their decision immediately and purchase your product over your competitors.
Don’t forget, your title is important… “Well-chosen search terms increase a product’s visibility and sales. The number of views for a product detail page can increase significantly by adding just one additional search term – if it’s a relevant and compelling term.” (Amazon)
- Social Media:
Believe it or not, best seller rank is impacted by your Social media presence ( or lack thereof). It’s such an important factor when increasing visibility in the online world.
Instagram is another great way to gain an audience because 21% of online shoppers are more likely to follow a brand on Instagram. Hence, if they follow, they will buy. If they like the product, they will put reviews and reviews increase Amazon SEO.
Finally, it leads to the next important key factor – Amazon SEO, which ties back to your best seller rank. All of these techniques work best together in improving your BSR.
To grow a following not only do you need social media presence, but paid advertisements will help you increase your followers and eventually lead to organic traffic. Analyze data and project when to schmooze your beloved customers by offering discounts and coupon codes.
This can enhance your sales as compared to handing them out when you think you should. This could cost you money, time, and hurt your image.
- Communication Channels:
When answering what is Amazon Sales rank we’ve covered a lot of information specified to Amazon optimization for your best seller rank. Here comes the however… different communication channels like follow-up emails, paid advertisements, consistent promotions and coupons are a dependable way to ensure your products are always moving!
The inbox is the number 1 visited site online. Sending custom messaging, reminders to finish checkout or providing a discount to get them there again are beneficial to your BSR. Repeat business is inspired if you e-mail and provide one-time coupons, time-sensitive coupons, and friendly reminders of items that are “low in stock”.
Get creative. Visitors need that extra push to close the deal. Make them unable to say no to you. The more they see your product lurking around, the more likely they will be persuaded to buy it. Make sure they buy it from YOU!
Another great tip is to use product inserts. Product inserts reduce in-authenticity claims and increase positive reviews.
- Product Reviews:
Reviews directly influence best seller rank because they impact conversion rates, in turn, boost sales, leading to a better BSR. One way to increase your product reviews is to actively run campaigns. Shopping campaigns on Google will show your product, price, title, store name etc.
It’s the perfect snapshot of everything they need to see to get them on your site or your product page for the Amazon BSR. Listing on Google products in another avenue that will improve your chances of regular visibility from all over.
Where you list your words and how are crucial to success. Look at your competitors and analyze what they are doing differently than you.
4. How to Compare Yourself vs Your Competition Correctly using BSR
Dr. Mercola and Pure Encapsulations are both highly recognized in the integrative medicine field. They both offer great products for immune defense, but Dr. Mercola knows his followers thought process on decision making. His customers pay attention to detail.
They are skeptical about mainstream supplements because they are more likely to be less honest about what exactly is in their product. Therefore, he is precise in the description and explains how it’ll solve their problem.
You’ve probably read a few articles that suggest measuring Amazon BSR week to week, month to month. This inaccuracy is a complete waste of your time!
Your top 3 competitors need to have 2+ years of selling history in order to track how their BSR is a low number.
Your competitor’s sales funnel technique includes; promotion length, image details, reminders, and communication channel outlets. These are some ways they will stand out in comparison.
- Using your own data, compare when you do similar campaigns, how they are done, and your success rate. This will help you forecast and capitalize on things like seasonality and other sales factors.
- To keep track of your Amazon Sales Rank, I highly recommend this nifty tracker, AMZ Tracker . AMZ Tracker is a tracker that actually helps you better analyze and understand what factors contribute to your best seller rank AND you will understand why your competitors are doing better than you.. for now.
This tracker will give you the data needed to analyze trends to reverse engineer your competitor. Look at last quarter/last month sales.
Their sales rank should spike which causes a drop in best seller rank, this is an indication of a recent sale. Therefore, look into what caused the sale.
Read reviews of your competitor. A product with more reviews will outsell a product with fewer reviews. Amazon’s algorithm doesn’t directly care about the number of reviews, but reviews directly affect conversion rate.
A conversion rate is something Amazon loves, in turn, lowers your BSR when you’ve done everything correctly. However, the bestseller rate can be skewed by a newly promoted product, so it’s always important to track over time!
5. How to Estimate Sales using BSR:
Don’t you want to be one step ahead of your competitor at all times?
Well, you should start to predict your future sales accurately. This will help with consistent inventory movement, expected profit margins, and inspire innovative ideas.
Compare a competitor’s product amount of sales per day, per week, and per month. Your Amazon best seller rank is a reflection of your current methodology.
If you’re unsure of a product segment, this is a great way to obtain trends and analytical data to see what your odds of success are in that niche.
Members can unlock a ton of functionality using AMZ Tracker. Hence, a TON of capabilities that will assist you in tracking, analyzing yourself, others, and comparing sales techniques.
One tracking method that stands out is keyword tracking. Keyword tracking is a huge factor to enhance your sales funnel technique. You will better understand what consumers search for when typing into a search engine. Thus, a better opportunity for a sale.
Notably, they are not full sentences and they can be slightly inaccurate in reference to a product, but the majority of consumers are searching the same way. Figure out those words!
A consumer cannot find you if you don’t have the right search keywords. Consequently, no page landing means higher BSR and fewer profits.
Keywords make you more relatable and can reassure the consumer you are their only answer. If your keywords match what they are looking for, then they’re offered your product page as a top option.
Amazon SEO increases brand visibility, creditability, and organic customers. Knowing what keywords to use are part of the optimization process.
Unicorn Smasher is not just about smashing unicorns, it’s BIGGER than that. This is a dashboard that compiles all the information you had no idea you needed to find “money-making” products. Most of all, it’s a data-driven sales estimator that researches everything for you.
First, go to the Google Chrome web app store, then download it. Once you’ve downloaded it, it will appear as an icon on your Google search bar. Search a general product on Amazon, then on the results page, click on the Unicorn Smasher icon and BAM, information for days.
Now that you have better tools to analyze your data, use the sales velocity techniques to solidify their decision in landing on your product page. Otherwise, you’ve lost a potential buyer!
Amazon Conversion Rate Optimization is for those who decide to take action on their needs and wants. They are the top Amazon BSR, they have a constant flow through inventory and high profits margins to prove their BSR.
I’m happy to be helpful as your Amazon Consultant. Initial Consultations are FREE!!