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Steven Pope

๐Ÿ‘ค Speaker
4568 total appearances
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My Amazon Guy
4 Pillars of Amazon Growth Masterclass - Every Amazon Seller Should Watch

But for those that don't know, there is a platform called Smart Scout.

My Amazon Guy
4 Pillars of Amazon Growth Masterclass - Every Amazon Seller Should Watch

And the owner of that platform, Scott Needham, he does a lot of data.

My Amazon Guy
4 Pillars of Amazon Growth Masterclass - Every Amazon Seller Should Watch

He digs into data all the time.

My Amazon Guy
4 Pillars of Amazon Growth Masterclass - Every Amazon Seller Should Watch

I actually just found the post here as well.

My Amazon Guy
4 Pillars of Amazon Growth Masterclass - Every Amazon Seller Should Watch

But essentially, Scott Needham had pulled enough data to see that he top clicked product

My Amazon Guy
4 Pillars of Amazon Growth Masterclass - Every Amazon Seller Should Watch

within any Amazon search gets 18.5% of all of the sales.

My Amazon Guy
4 Pillars of Amazon Growth Masterclass - Every Amazon Seller Should Watch

And so that is why click-through rate in itself- Oh, wow.

My Amazon Guy
4 Pillars of Amazon Growth Masterclass - Every Amazon Seller Should Watch

Yeah, exactly.

My Amazon Guy
4 Pillars of Amazon Growth Masterclass - Every Amazon Seller Should Watch

So that's why click-through rate is such a huge, huge mover at the end of the day is because if you can be the top clicked product, you are also going to get the majority of the market share.

My Amazon Guy
4 Pillars of Amazon Growth Masterclass - Every Amazon Seller Should Watch

And so click-through rate gets to be its own little special category that is all encompassing of the rest of the categories.

My Amazon Guy
4 Pillars of Amazon Growth Masterclass - Every Amazon Seller Should Watch

So diving in, I think, to each one of the categories, is there a specific one you want to start with, Kevin?

My Amazon Guy
4 Pillars of Amazon Growth Masterclass - Every Amazon Seller Should Watch

Yeah, absolutely.

My Amazon Guy
4 Pillars of Amazon Growth Masterclass - Every Amazon Seller Should Watch

So let's let's dig into catalog merchandising and why it's so important.

My Amazon Guy
4 Pillars of Amazon Growth Masterclass - Every Amazon Seller Should Watch

So I think the best way to actually kind of start that as well, is to talk about something called dynamic pricing.

My Amazon Guy
4 Pillars of Amazon Growth Masterclass - Every Amazon Seller Should Watch

And so I'll pull something up here on the screen here in a second.

My Amazon Guy
4 Pillars of Amazon Growth Masterclass - Every Amazon Seller Should Watch

But we have even on our website, entire article that we put together, but we have a guide to what is called dynamic pricing.

My Amazon Guy
4 Pillars of Amazon Growth Masterclass - Every Amazon Seller Should Watch

But what is dynamic pricing?

My Amazon Guy
4 Pillars of Amazon Growth Masterclass - Every Amazon Seller Should Watch

So dynamic pricing is basically the practice of once per month or once per

My Amazon Guy
4 Pillars of Amazon Growth Masterclass - Every Amazon Seller Should Watch

week, even it can be individualistic, right of timeline, but it's essentially where you are doing a very specific price point for shoppers, right, you are trying to get a boost in overall sales volume and revenue.

My Amazon Guy
4 Pillars of Amazon Growth Masterclass - Every Amazon Seller Should Watch

And this is where the idea of merchandising in general comes into play.