Crack the Amazon Sales Rank Code
Often referred to as “sales rank on Amazon” is an important metric that indicates the product popularity which is comparative to others in this category. It reflects how well an item is selling compared to similar products and serves as a key factor in determining its visibility and success on the platform. Understanding “how to find Amazon sales rank” is vital for sellers as it provides valuable insights into market demand and competition. By monitoring and analyzing their products’ sales rank, sellers can optimize their strategies to improve performance and maximize sales potential on Amazon.
Importance of Understanding Amazon Sales Rank
Understanding Amazon Sales Rank is vital for sellers as it provides valuable insights into product performance and market dynamics. By knowing how to “see Amazon sales rank” and “find Amazon sales rank,” sellers can gauge the popularity of their products relative to competitors. A lower rank indicates higher sales and increased visibility, potentially leading to more organic traffic and sales.
Monitoring sales rank trends helps sellers identify seasonal fluctuations, assess the effectiveness of marketing strategies, and optimize inventory management. With a clear understanding of sales rank, sellers can make informed decisions to improve product visibility, attract more customers, and drive sales on the Amazon platform.
How Should I Calculate the Amazon Sales Rank?
So you finally put your foot in the door and started sourcing products to sell on Amazon. You found a widget with an awesome profit margin and you were able to grab 12 of the items. You just couldn’t wait to walk through your door and get them listed on Amazon. You finally list them on Amazon and now you are just waiting to see the widgets fly off the shelves.
The next thing you know a month has gone by and you haven’t sold one single widget.
What happened? You priced your items competitively with the other two sellers but there doesn’t seem to be a buyer on site.
This sounds like a classic case of not paying attention to the Amazon Sales Rank of the widgets you bought.
Whenever you are trying to source items to sell on Amazon you have to pay attention to the Sales Rank. Amazon sells over 488 million items and there is a very big difference between how many sales the #1 Book and the #700,000 Book gets.
First we need to know where to find this all important Amazon Sales Rank. When you get to the product page for the item you are thinking about selling you simply scroll down the page until you get to the Product Information section. Once you are there you want to look for the “Best Sellers Rank” and the number next to that will be the Sales Rank.
So we finally found our all powerful Amazon Sales Rank but what exactly does it mean? Amazon calculates a product’s sales rank by the number of recent sales that the product has had in its respective Category. This number is reported to be updated every hour.
Each product is given a rank based on the Category that it lies in. This is very important to understand because the #100,000 product in the Books Category might sell a lot more than the #100,000 products in the Appliances Category.
“Why is that?” Here’s an example
In the picture below you can see that there are 56,459,275 books listed in Amazon’s Books Category. That means that the #100,000 ranked books were selling in the Top 1% of Books.
That’s pretty good!
Now let’s take a look at how the #100,000 ranked products in the Appliance category. As you can see in the picture below there are 916,800 products in the Appliances category. That means that the #100,000 ranked Appliance is selling in the top 11% in its category. That is also pretty good but the amount of sales that the Appliance would get would be nowhere near the amount sales that the Book would get.
Paying attention to the Amazon Sales Rank of a product is one of the most important aspects of successfully selling on Amazon. A product ranked #10,000 in a Category may be selling 40 times a day on Amazon while a product ranked #100,000 might sell once a month. This is very important to incorporate into your Amazon selling strategy. No one wants to get stuck with products that won’t sell!
What are the Additional Tools and Resources for Monitoring Amazon Sales Rank
Monitoring Amazon sales rank requires effective tools and resources to track and analyze product performance. Several online tools and software are available to help sellers access and interpret sales rank data. These tools provide insights into product rankings, fluctuations, and historical trends, empowering sellers to make informed decisions about their inventory and marketing strategies. Additionally,
Amazon’s Seller Central dashboard offers built-in features to view and track sales rank for individual products. By leveraging these resources and understanding “how to find Amazon sales rank,” sellers can gain valuable insights into their product’s performance and optimize their sales strategies accordingly.
Great! Now you have a basic understanding of Amazon Sales Rank to help you decide which products are worth reselling. In our next article we are going to dive into some online tools that will allow us to figure out even more about a product’s performance based on its Sales Rank.