The Amazon Buy Box - When you have multiple competitors for the same product that you sell, winning the buy box will enable you to get the attention of potential buyers and thus higher sales. Amazon awards the Buy Box to the seller who has the product listed usually at the best price along with other factors.
We know that 83% of all sales made on Amazon are made through the Buy Box. Having a Buy Box increases the probability of sale of your product. But, since there's vast competition among retailers on Amazon, only the best of the best can win it.
Amazon is well known for its customer-oriented mentality and has done the best it could to preserve the rights of customers. It owes a great deal of its popularity to such a customer policy. The Amazon Buy Box is a complex and multi-faceted system. Amazon gives a lot of control to third-party sellers and you should always try to take full advantage of its incredible potential. Thus, finding the optimal pricing point by analyzing the market share for every product is crucial and challenging.
-> Want to know more about how to win the Buy Box in 2020? Read our ultimate guide here.
-> Want to know more on how to use Datahawk Buy Box Tracker? Stay on this page!
What is DataHawk Buy Box Tracker?
DataHawk's Buy Box Tracker is a tool that enables you to track daily changes on the Buy Box for any product listed on Amazon. DataHawk’s Buybox Tracker makes it easy for you to track Buybox price, Buybox winner, Win rate and the number of sellers winning the Buy Box for every product on Amazon. Its value is in the time-saving capability, by having all the information displayed in one dashboard and to be able to download your data by exporting it to Excel, on individual products or across multiple products. Get a first look at the tool by visiting our demo account here.
How to get started
Get started by creating your projects and adding products to it once you are logged in to the platform. Once the project is created, move ahead for analysis by selecting the product from the “Tracked Products List”. Once you have selected the product for which you want to analyze the seller metrics, click on the “Buy Box Tracker” tab available on top of the “Product Details” page. And, you see all the important KPIs for Buy Box tracking including:
- Number of sellers
- Price Range
- Price Variance
- Best Seller
- Win Rate
- Average Pricing
for all the sellers winning the Buy Box on different days or the averages for a particular range of time.
Top 5 analysis you can do with DataHawk Buy Box Tracker
Take a tour to all the features inside the DataHawk Buy Box Tracker and become a Buy Box pro...
1.Monitor Buy Box winner every day:
DataHawk gives you the names of sellers winning the Buy Box in a calendar format where you can view who won the Buy Box on which dates. By selecting the range of time by simply clicking on the “date” you can quickly start analyzing the Buy Box metrics.
For instance, we have tracked the “Roku Ultra | HD/4K/HDR Streaming Media Player” in the electronics category for one month, from 7Jan2020 to 7Feb2020. The seller “M-X-C Tech '' won the buy box on 7Feb20. Similarly, there were Tech&Beyond, Direct Distributor& Happy Ranger who were awarded the Buy Box on the other respective dates.
DataHawk allows you to monitor the available product quantity that's available for purchase from the Buy Box, with a maximal trackable quantity of 30 units. This is done through the metric we call "Buy Box Available Quantity" that can be seen in a Product Metrics page on DataHawk. If a product has less than 30 units that are available for purchase, as reflected by the seller winning the Buy Box, then the tool allows you to monitor this sort of inventory availability on a winning-seller-basis. Here, we can see the available quantity is 3 for ”Tech & Beyond” which is quite low in comparison with the previous day winner “Direct Distributor” with 30 SKUs. This indicates clearly that there could be different factors at the same time contributing to winning a Buy Box, for example, inventory, shipment, seller history, etc.
2. Monitor Buy Box winning price variations
The “Price” row on the tabular presentation projects the different winning prices for which different sellers have won the Buy Box for a product on different days.
Taking the same example, We see that, on Jan25 2020 “Direct Distributor” had won the Buy Box for $72.69, whereas the same seller, had a winning price of $71.99 on Feb05 2020 with a price variance of $3.10 in this time period. M-X-C Tech won the Buy Box on 7Feb20 with $69.90 which apparently is the lowest reported price for the product in this time range. It is very important to ensure that your pricing is affordable.
We have also monitored the pricing on average for a week. It was found that the average price for “Roku Ultra | HD/4K/HDR Streaming Media Player” the 3rd week, that is from Jan21 2020 to Jan26 2020, is $72.89 and the sellers have been ranked as follows.
3.Measure Buy Box pricing trends
With all the different metrics for Buy Box analysis present on the same page, you could also analyze the price trends for the tracked product. Here, you can monitor the average price, price range, and price variance by each seller.
The average price of “Direct Distributor” is $72.21. With the given price range, their price variance is $3.0 which is one of the highest amongst all the winners. This indicates that price variance definitely plays an important role in determining the win rate with all the other factors considered.
“Direct Distributor” has the highest feedback count amongst all the above sellers. Accompanied by all the other factors, 95% positive feedback in the last 12 months and a rating score of 4129 somewhere justifies the highest win rate of this seller.
4. Monitor changes in Buy Box number of sellers:
The tool allows you to track the change in the number of sellers which is updated on a daily basis.
As recorded on 10 Feb 2020 there are 15 sellers winning the box which is 2 more than that on 7 Feb 2020 with NexiPC and Best Products Prime joining the list with the same winning price as that of the previous 2 winners.
We also monitored that this product has 84 sellers on Amazon out of which only 15 sellers have made it in the last one month.
5. Monitor Buy Box win rates per seller
DataHawk’s Buy Box Tracker also helps you gain insights on which seller has their product offering shown in the Buy Box for the selected dates or time period. You can quickly scroll down to view the win rates of different sellers presented in a tabular format.
With the win rate of 34% from 7Jan 2020 to 7Feb 2020 “Direct Distributor” has been awarded the BuyBox for the maximum number of days. We see that, “Direct Distributor” with 34% & “M-X-C Tech” 13% have been the closest competitors for the Buy Box for this product in the given time range.
Here is a quick analysis of the last four Buy Box winners:
|Seller||Date||Win Rate||Average Price||Feedbacks||Inventory|
|Direct Distributor||07 Jan 20 - 07 Feb 20||34%||$72.21||380||30|
|M-X-C Tech||07 Jan 20 - 07 Feb 20||13%||$72.14||34||30|
|Best Electronics||07 Jan 20 - 07 Feb 20||9%||$71.92||71||30|
|Tech4everyone||07 Jan 20 - 07 Feb 20||6%||$72.85||41||30|
Export your Buy Box Data
When you click on “Export Product Data” it allows you to export your product data as an Excel file and make your own analysis with your favorite data visualization tool of your choice on your computer. It is a product performance report generated by DataHawk in which you can directly find the list of BuyBox Sellers and all the related indicators for your analysis.
For analysis of Buy Box, it includes the Product History with, the ASINs, Buy Box Seller name, Buy Box status, Buy Box Price and Buy Box Remaining Quantity.
Create Buy Box price alert and Hijacker alert
You can use this to get notified of the changes on the product’s Buy Box status, Buy Box winner the number of sellers and prices. Here is how you can do it super quick :
Click on the “Product Actions” on the top right-hand corner of the page and select “Setup an alert”, and then, from the pop-up box “Edit monitor information & rules”.
You can create an Alert Group which is a combination of multiple alerts or monitors. This will send you an email with a group of alerts based on the triggers that you include. To illustrate, you could create alert groups like:
1. Buy Box lost
2. New Seller competing
It is also possible to create your own Group name. For example, New seller for Buy Box.
The next step is to define the “Scope” of what you want to monitor, a product or a number of products grouped under a single project. To do that, click on “Search among projects” to select one or multiple projects or products that you have added to be tracked on DataHawk account.
Triggers: You could select the triggers you want to apply, these could be the already given templates or customization is also possible. And to create an alert for Buy Box, you can choose the “BuyBox is lost” and “New seller competing” trigger.
You could also customize the triggers using the custom rules tab, just choose a “property” related to Buy Box and an “operator” and receive customized Buy Box alerts.
Once you save the alert, you start receiving emails on any change as per the set alert. The alert report, as you can see here gives you the list of changes on daily basis based on the triggers you have set.
- Focus on the important metrics: Sellers choose to focus on those metrics which have the most impact on the Buy Box. Your Buy Box metric is an important component, this is one of the reasons sellers use the Buy Box Tracker.
- Improving performance: It is important to have the right Product metrics tool to analyze the key areas of performance you need to improve on.
- Be priced competitively: This does not mean having the lowest price. Analyzing your competitor's pricing and the BuyBox pricing trends to decide your pricing is imperative.
- Delivering a first-class customer experience gives sellers the ability to raise their prices and still maintain a healthy Buy Box share.
- Selecting the right fulfillment method and speeding up the shipment could help you beat your competitor on Amazon’s list.
- Maintaining the inventory levels: Keep Products in Stock. If you don’t have an item in stock, you can’t win the Buy Box with the exception of a back-ordered item.
Ready to bring the Buy Box home?
Try DataHawk now!
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