Amazon Buy Box – 5 Tips to Win and Keep Amazon’s Top Spot
Table of Contents
- 1 1.Introduction
- 2 2. The Mighty Amazon Buy Box
- 3 3. Amazon Buy Box Status
- 4 4. How Can You Win an Amazon Buy Box?
- 5 5. Monitoring Your Amazon Buy Box Share
- 6 6. When Competing with Amazon for the Buy Box
- 8 7. Five Tips To Win (and keep!) The Amazon Buy Box
- 9 Wrap Up:
About 84% of shoppers make impulse purchases, with 52% of those most likely being millennials. The Amazon Buy Box is an excellent tool for those whose products thrive on this purchase style. Even if you don’t, being in the buy box increases visibility just as a person ends their shopping experience.
The most important aspect of the Amazon buy box is visibility when in a comparable purchase funnel. But to understand what that means, we need to dig into what the Amazon Buy Box is.
Not all sellers are eligible to own the Amazon Buy Box. Attributed to high competition and Amazon’s customer-obsessed approach, the ones with excellent seller metrics get the chance to compete and win a share of this valuable real estate.
2. The Mighty Amazon Buy Box
On a product detail page, the Amazon Buy Box is where customers begin the shopping process by adding items to their shopping carts. Amazon Buy Box is won by the seller who has the product listed usually at the best price along with these top factors such as:
– Availability of the product
– Good seller feedback
– FBA/Prime shipping offered
About 82-83% of all sales made on Amazon are made through the Buy Box.
It’s a fact that shoppers rarely purchase something without adding it to their cart. The numbers get even higher when we look at mobile conversions. That is precisely why the Amazon Buy Box is worth the chase. If you own it, the shopper is far more likely to buy your product.
However, there’s vast competition among retailers on Amazon; only the best of the best retailers can win it.
Here’s some more data:
- “1 out of 5 Amazon Buy Box lost” is attributed to stock issues (BlueBoard-2019)
- 66% of lost Amazon Buy Box are due to price competition (BlueBoard-2019).
3. Amazon Buy Box Status
Amazon Buy Box and the Algorithm behind it have been designed in favor of the customers. Therefore, the seller winning the Amazon Buy Box is the most interesting choice for the final customers considering, pricing, reliability in terms of reviews and ratings, etc.
However, there is still some hope for the products on Amazon that no longer own the Amazon Buy Box or have lost the Buy Box to a competitor or Amazon.
The Amazon Featured Offer: According to Amazon, “If more than one eligible seller is offering a product, they can compete to get the Featured Offer for their product (given that, it can be shipped to the customer’s address).”
Meaning, all these products that lost the Buy Box are listed under the “see all buying options” function. This option lets the customer see the same or similar products with different price tags, usually more expensive.
Naturally, you would want to remove your product from the “see all buying options” list, as this reduces the possible profits compared to having the Buy Box. But here’s Amazon’s take on it:
“Sellers put their product prices on our platform. If a product price is not competitive, Amazon holds the right not to feature the product offer. However, customers will still find all offers on the offer listings page.”
What if your product is not listed on the “Amazon featured offer?”
If your product isn’t the Featured Offer, shoppers will have to click the ‘New & Used’ or ‘Other Sellers on Amazon’ box before they have a chance to see your offer.
Now, the question sellers ask is, how relevant is Amazon Buy Box. Well, the Amazon Buy Box is the default buying option & unless the shopper has a reason to explore other options, they won’t even look.
So, how can you win the Amazon buy box?
To answer that question, let’s get into the details.
4. How Can You Win an Amazon Buy Box?
Achieving Amazon Buy Box Eligibility
No Amazon seller is the sole owner of the Amazon Buy Box. Consider the Amazon Buy Box as a stock-like style that allows sellers to win shares of it. Once a seller has passed the eligibility requirements, the Algorithm picks the best deal, giving the shoppers a better purchase option.
Amazon’s Algorithm is well aware that the platform is home to zillions of products & an abundance of resellers. Therefore, while other platforms like AliExpress have different pricing for similar products, Amazon gates this through its advanced A10 Algorithm.
Amazon’s Algorithm compares the listings by numerous factors, including:
- Seller experience and order/performance history
- Order Defect Rate (ODR), which includes negative feedback, A-to-Z Guarantee claims, and service chargebacks
- Shipping options and price
- Delivery speed and late dispatch rate
- Seller cancellations
- Inventory and Fulfillment by Amazon (FBA) participation
- Customer service and response times
This inspires a more competitive attitude among sellers, making them adjust their prices accordingly.
We should also consider time balance. The top-ranked seller holds Amazon Buy Box shares for most of the day; the lower-ranked sellers can hold it for a lesser time.
If your listings violate any of Amazon’s guidelines, Amazon could suppress the entire product page. We must not forget Amazon Buy Box suppression.
Because the Amazon Buy Box makes it much easier for shoppers to complete a purchase, the seller with the Buy Box tends to make more sales.
- To consistently track your Buy Box & sellers competing for it, you can schedule tracking with an Amazon Buy Box Tracker.
- You can easily keep tabs on your products’ Buy Box Eligibility status by updating your preferences on the Manage Inventory page in Amazon Seller Central.
- Some sellers report that it takes 90 days minimum to become Amazon Buy Box eligible if you fulfill your orders. Using FBA may enable you to become eligible sooner (but not guaranteed).
Here’s a video on how to win Amazon Buy Box and stay at the top for add-to-cart purchases. Learn about Amazon Buy Box Alerts and Amazon Hijacker Alert and how arbitrage and private label sellers can leverage them to address issues with hijackers.
To determine your Amazon Buy Box percentage share, you must start by verifying if your product is listed as a featured offer.
You can do this in the following ways:
- Look at the column under your list of Amazon Products to see if it indicates the buy box.
- Add a competitor’s item to the cart to see if your product appears among featured offers.
These options are for you to confirm that you are here. Now, to verify your buy box percentage score:
- Log in on your Amazon Seller Center account.
- Under the “reports” section, select “business reports.”
- Sort the data by date or by ASIN.
- Find the buy box percentage tracker is on the right of the table.
The Amazon Buy Box percentage gives only a tiny piece of information. You can do better by comparing it with other figures to determine how you need to adjust your strategy.
For instance, if your buy box percentage is 10% with limited page views. This implies that you need to make your images or title more appealing to those who click.
Here’s another example. If you have high page views, but an Amazon buy box percentage is low, this means your offer is enticing, but the pricing is not competitive.
Similarly, if you have high sales and buy box percentage, it’s essential to look at your profit margin. This is where you can take advantage of the popularity of your item to drive that number up.
6. When Competing with Amazon for the Buy Box
Competing with Amazon entails that you can’t be caught slacking in sales, pricing, or user experience. Also, you will have to show a good sales performance. And once these requirements are met, the product pricing will have a decisive effect. In most cases, the offer with the best price/performance ratio is bound to win the Amazon Buy Box.
Though there is one more thing to consider, for some products, Amazon has an endless supply, but for some, it is predominantly out of stock. You can find out what Amazon’s supply of a product is like using several reporting tools, including DataHawk’s Amazon Seller Software, which will allow you to see the number of items in stock for the Buy Box owner as well as historical pricing of a competing product over time. The key here is to look for things that show some out-of-stock history and be ready to get the Buy Box.
If you cannot win over Amazon while stock is available, you need to make sure you are in a position to win the buy box as soon as Amazon loses the BuyBox. For a fast-selling product, you can capture a good number of sales, and if there is not a lot of competition for Amazon Buy Box, you can manipulate the pricing as well.
The user experience is so necessary to Amazon that having too bad a seller performance may result in the suspension of the seller account. It is essential to be prepared & safeguard your listings from Amazon suspension.
7. Five Tips To Win (and keep!) The Amazon Buy Box
If you are an FBA (Fulfillment by Amazon) seller, you are aware of the importance of offering products through FBA. These products include Amazon Prime, free shipping, and more benefits unique to FBA sellers only.
The focus on providing FBA-specific selling opportunities is for you to attract more potential customers. If Amazon is handling much of the heavy lifting, you can focus on brand-building activities.
Consumers love fast, free shipping. That means the quicker you can get a purchase into your customer’s hands, the better for your business (and your Buy Box odds). While all online shoppers prefer fast shipping, on Amazon, the Prime addiction is real.
All other variables being equal, sellers who use FBA or Seller-Fulfilled Prime (SFP) have the Amazon Buy Box advantage over those who opt for Fulfilled by Merchant (FBM) shipping.
In whatever option you pick, ensure that you utilize a high-quality shipping service and continue to follow informative best practices to reduce order cancellations and delays.
Be careful of “Out of stock”
If your product is out of stock, your chances of landing the Amazon Buy Box are pretty low.
Although the Buy Box algorithm can feature back-ordered items, they are typically demoted in favor of immediately fulfillable items.
For sellers using SFP or FBM shipping, it’s crucial to keep your inventory updated. Customers who order out-of-stock products without knowing are likely to write negative reviews and damage your opportunities to win the Buy Box in the future.
In a similar vein, your seller-initiated cancellation rate can significantly impact whether you win the Buy Box.
Customer feedback plays a vital role in your product’s competitiveness in the fight for the Amazon Buy Box.
Encouraging customers to leave product reviews after making a purchase can help boost your chances — and Amazon considers both the quantity and scoring of your reviews.
Keep in mind that recent feedback for your products and seller account is weighted more heavily than historical feedback, which means if you had some bad reviews when you were learning the ropes, you could still overcome it.
Delivering top customer experience gives sellers the ability to raise their prices and maintain a healthy Buy Box share.
- Having a responsive customer service staff is imperative, just in case something goes wrong with your product.
- You should be offering a quality product that meets (or exceeds) user expectations of your product claims.
The landed price refers to the total price an Amazon product goes for, including shipping. If you own higher performance metrics as compared to your direct competitors, you are able to price higher and still retain your share or own the Buy Box.
In the other case, that is, competitors having better metrics, you’ll need to price down to maintain the same Buy Box share.
Competitive pricing is your only way to Amazon Buy Box. The most important metric looked upon by Amazon’s algorithm is overall product pricing. If you fulfill all the criteria, including competitive pricing, it’s highly likely that you are Amazon Buy Box eligible.
Need more info on pricing? Here we go.
-Manual Pricing: Manual pricing is when sellers manually update the pricing. This pricing technique is the perfect method for those selling unique goods or originals. However, for a reseller, this could be a bootless errand.
-Rule-Based Pricing: This entails looking at your competitive landscape to work out the right pricing numbers for your products. However, setting up rules is not a very simple process. For instance, some competitors play on the smallest price & some people are ready to lose money temporarily to make profits in the long run.
In many cases, you might also kick off a never-ending spiral of price cuts. It is easy for some businesses to keep this up for a long time, but most can’t. Cutting down on the pricing of a product could be a good thing in the short term, but creates long-term losses for everyone involved.
Amazon has AB tested this themselves, through their brick and mortar stores, putting businesses like Sears out of the competition. Rule-Based pricing is best when you have professionals to constantly monitor your competitive landscape or when you are using solutions that help you track the pricing of your competitors on a regular basis. While these might add some more to your costs, they are going to save you so much more in the long run, and help you own that Amazon Buy Box.
-Algorithm Pricing: Pricing and repricing your products through an algorithm is the easiest option of all. It does the job for you, thoroughly analyzing everything before pricing your existing products. The Algorithm takes into account all the different factors which might find themselves in the Amazon Buy Box Eligibility sheet. Employing the Algorithm within your repricing technique is by far the best way to get your products Amazon Buy Box eligible, and increase your existing shares.
The Algorithm prefers the Amazon Buy Box, yet it’s not there solely to get the Amazon Buy Box eligibility but also to secure and maintain your existing profits.
*If you’re a smaller reseller or a hand-crafted store, this isn’t for you.
- Improve Seller Feedback:
Your Amazon Seller feedback is constantly monitored & updated as aggregate reviews from all orders and therefore is an average of all the ratings. It is evaluated based on orders from the last 1 year but is weighted heavier for the last 90 days of orders.
The Amazon Seller Feedback system allows Amazon customers to see other buyers’ reviews for different sellers — and leverage them while making purchase decisions. Many sellers don’t confuse Seller Feedback for Product Feedback. Even customers often mistakenly leave product reviews on Amazon Seller Feedback pages, which is very damaging if there are a lot of negative reviews.
This directly impacts the seller’s score. However, you can report this to Amazon and get it rectified quickly. Additionally, if the product is an FBA and there is negative seller feedback regarding packaging or shipping, you can always appeal to Amazon and get it removed as well.
So your products are eligible. You’ve got a solid order history and great customer reviews. You’re offering free shipping through FBA. With standout placement and easy purchasing functions, scoring a spot in an Amazon buy box can mean huge things for your product performance. Winning the Buy Box can surely bring a lot to the table, but if you are not winning it yet?
Like many things in eCommerce, the Buy Box has no exact science. It is neither a permanent thing. There are a few reasons for this. First off, Amazon will always be tweaking its algorithm to create a better experience for consumers. They’re trying to figure out how to best predict which products will deliver the best customer experience. As a result, the Buy Box will always be a moving target.
Also, the factors that influence how long and how often you rent the buy box are variables you need to optimize constantly.
Also, the secret sauce of Amazon’s algorithm would make it possible for sellers to easily hack their system and Amazon won’t take the risk. For Amazon sellers chasing the Buy Box, continuous efforts have great results & while they may not own the Amazon Buy Box for a long time, they have higher chances of hitting it more often.