
Competitor Page Rank Analysis: A Case Study
Tracking both your owned and competitor keyword performance gives you the inside edge to increase page rank, and increase sales.
For CPG brands selling products online, the number one goal is clear: sell more. The path to getting there, however, is less obvious. Many opt for a comprehensive intensive distribution strategy, which entails partnering with as many channels as possible in order to maximize the number of points of sale.
Getting in front of more consumers is an essential tactic for expanding market share. But the number of distribution outlets is just one of the factors that influence online sales—and ultimately brand business revenue. Things like pricing, competitor visibility, and other considerations all have an impact on your market positioning, as well as on consumers’ inclination to choose your brand.
The more insights you have in these respects, the more effectively you can hone your distribution strategy to move more product and reduce the risk of losing sales to the competition. Here are seven key questions to consider.
Even the most prominent positioning and attractive pricing won’t attract a high volume of customers if you’re trying to sell shoes on a website dedicated to office products. In selecting channels, it’s a good idea to be familiar with how consumers shop—including knowing where they are most likely to search for and buy products like yours. For maximum conversions, consider the websites where people are shopping for what you’re selling.
Uncovering the channels where your competitors are selling can help to reveal untapped distribution opportunities and potential commercial agreements. In the same vein, it’s also a good idea to confirm that any brick-and-mortar retailers that carry your products sell them via their online stores too.
On the flip side, it’s also helpful to know which markets you have cornered. Identifying which online retailers are selling your goods—but not your competitors’—can help you find opportunities to stand out even further. In such cases, you may be able to further improve conversions by tweaking product descriptions and images, increasing the effectiveness of product pages and/or your search positioning. It’s also a good idea to check that your products are visible on all relevant category pages and the first page of search results.
While some retailers may carry your brand but not your competitor’s—or vice versa—there’s a great deal to be learned from the most competitive sites. On the channels in which you face the most competition, take an analytical look at what you’re up against: Who is moving the most product? What is their pricing? What can you glean about the aggressiveness of their promotions? These insights can help you to assess the potential of that channel and, if necessary, adjust the positioning of your own products to win greater market share.
The best positioning and pricing in the world won’t help you land that sale if your products are out of stock. Stock-outs constitute a significant risk for online sellers, costing brands millions of dollars annually.
And running out of stock can cost more than just a lost sale. For example, if the retailer delists out-of-stock products or moves those pages to the end of their search results, your brand awareness may take a hit. The customer may also find another brand they like better and shift their loyalty elsewhere. As such, it’s a good idea to address inventory risks proactively.
Your competitor’s stock-out can be your opportunity. Identifying the sites where the competition tends to run out of stock can create more occasions to win new business. On such sites, it’s a good idea to optimize listings so that you’re positioned as the top alternative.
Conversely, if you run out of inventory in a crowded space, your competition might be ripe for the sale. And losing that sale carries long-term risk: if the customer likes the alternative better, they may stick with the other brande—aforever.
To prevent this, it’s a good idea to pinpoint the sales channels that are both vulnerable to stock-outs and have a high competitor presence—and then proactively address the situation to ensure inventory flow.
When it comes to selling more online, partnering with numerous channels is only half the battle. A winning intensive distribution strategy also requires the right information so that you can optimize pricing, positioning and ensure a flow of inventory to fuel the most sales.
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Tracking both your owned and competitor keyword performance gives you the inside edge to increase page rank, and increase sales.
Are you monitoring how accurately your channel partners are listing your products on their Product Detail Pages (PDPs)?
It's crucial to have a pricing strategy that takes into account both your own products and those of your competitors. With Upshelf, you can easily monitor pricing and availability on your channel partners' retail sites, giving you the data and insights needed to make informed choices and analyze sales data with precision.
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