Timelines of Buying and Selling on Amazon with the Help of Keepa
While dealing with Amazon, it is very important to watch your timing. This is because Amazon deals with a very competitive market which means prices, market demand and supply are subject to rapid changes. Either for a sophisticated buyer looking for the best bargain or a seller looking for maximized profitability, knowing which period to buy or sell is fundamental.
How can Keepa help me identify the best time to buy or sell on Amazon?
This is the point in time where Keepa comes in, an advanced supercharged amazon analytics tool that assists users along by providing products price history, sales trends and product data. I will show you how to make the most out of Keepa and how it can be used to buy or sell products on Amazon during peak times.
The Importance of Keepa
This is a tool that is soberly relied on by a large number of purchasers and sellers for their accurate tracking on methods of dealing with a particular product’s pricing. Whether you are dealing with products on your desktop available as a web application or a browser extension, Keepa provides you with comprehensive report on price history charts, details in other deals and tendencies provided on amazon’s always changing pricing area.
Commissioning the services of Buyers, Keepa will:
Assist you to locate prospective best pricing deals: It has proven that most belowspricing period products have proven history and trend data being used and that is where Keepa comes in.
Never miss a deal. Setup alerts that will notify you if an item from your wishlist decreases in value.
Avoid paying more than necessary. Prompt alerts about from unique responsed item will always keep you on guard about paying too much due to surge pricing.
For Sellers
Stay Compititive Better. Monitor sales trends of your products along with your competitors to strike a suitable pricing plan.
Optimize Your Inventory. Helps understand sales velocity along with seasonality, helping sellers understand when to stock/add inventory and when the product is in demand.
Identify opportunities. Helps find untapped popular niches besides stocked items that they would have missed otherwise.
How Keepa helps buyers decide the best purchase times
The price history charts of Keepa is one of its key features that shows the extent of price changes over time.
How it works.
Look up the item and Keepa will provide you with a graph displaying pricing pattern. The often notable price points include:
The Amazon price, which is the price Amazon sells the product for.
The third party new price, which displays what non-Amazon sellers are offering it for.
The price from vendors of previously owned items.
Example Application
Imagine you are a customer in the market for noise canceling headphones. The average market price is $299. While tracking the market with Keepa, you realize that they usually sell at $249 during holiday sales. Therefore, you do not buy them at once and wait for these price drops as you can save yourself $50.
Change Document Alerts
For those who want the selling price for the product to drop without waiting, Keepa provides the functionality of setting price drop alerts.
How It Works
Select the price you want for the product.
Modify the alert in Keepa.
Receive notification via email or browser notification when the price of the targeted item meets the target price you have set.
Pulling the trigger on an electronic purchase, or a home appliance is easy since their prices are extremely volatile.
Examine the Prices of Amazon’s Different Regions
It is well known that Amazon prices differ from one region to the other (see Amazon US vs. Amazon UK). Thankfully, Keepa equips users with cross-region price checking tools. If you do not mind sourcing these products from abroad, this feature is ideal for finding the most inexpensive option.
How Keepa Assists Sellers in Tuning Their Sales Strategies
Identifying Pricing Patterns
For sellers, pricing trends are vital. With Keepa, not only do you get to see the historical product pricing but also get to analyze the mark ups and down associated with different seasons and thereby set predictive measures for price increases.
Why This is Important
Product Seasonality: Items like winter clothes or Halloween decorations see high sales volumes during specific times of the year.
Price Cycles: Certain items might experience periodic price drops or surges. Sellers should take advantage of strategically timing their sales.
Example Application
A seller using Keepa noted that one of the kitchen gadgets experiences a significant increase in price during the holidays because of increased spending by holiday shoppers around Q4. They can purchase the gadget in Q3 when the price is low and sell it at a high price when the demand increases.
Sales Rank Analytics
Keepa monitors a product’s sales rank which is the indicator of how well a specific product is selling within its category. Small sales ranks generally equate to greater demand.
How It Works
Sellers are able to estimate a product’s lifespan by analyzing trends in its sales rank over a certain period of time.
Real Life Example
You have a sports bottle for sale on Amazon, and looking at its sales rank data from Keepa, you realize that it sells the most during the summer which tells you that you need to also set goals to try to maximize those sales.
Competitor Monitoring
Keepa enables sellers to monitor the pricing activity of their business rivals which is particularly useful for people selling products in a crowded category with multiple third-party sellers.
Benefits for Sellers
Step Up Their Game: Keepa lets you know when other sellers reduce their prices so that you can react instantly.
Adjust Automatic Pricing: Make changes to the price of the product so that you can become the primary seller for the product.
Discover Gaps: Drive deficiencies in the market by tracking competitor activity.
Recognizing Stockouts On Amazon
Keepa has many unique features, one of the most powerful being its ability to monitor and recognize when Amazon stocks out of a product.
Are Stockouts Free Real Estate?
Absolutely! Third-party vendors tend to capitalize on fully bought out products, which allows them to inflate prices and pocket profits. Keepa flags these stockouts so sellers can leverage them in a timely manner.
Integrating Smart Selling Strategies and Keepa
To use Keepa most efficiently, I suggest combining its features with your already established Amazon selling strategies.
The increase in sales and new emerging trends can help target specific demographics, allowing sellers to access a fool-proof strategy.
Follow trackable trends using Keepa’s price history analytics.
Analyze the gleaned data alongside the Amazon FBA calculator to evaluate fee structures relative to profit margins.
Activate passive price competition through external software which allows instant trading price changes.
To Track Prices
Alongside Amazon’s Subscribe and Save system, Keepa also assists buyers in tracking and pinpointing essential products with everchanging price ranges.
Start Using Keepa Today
It does not stop at being just a price tracker; Keepa serves as an analytics tool which can help alter your shopping or selling experience on Amazon. Deal grabbing buyers or competitive sellers will now be equipped with insightful data provided by Keepa that drives choice-making.
If you are looking to up your Amazon activities, get the free extension or purchase their premium subscription for detailed insights.
Never again worry about missing out on the ideal buying or selling moment from today.
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