If you want to know what is Amazon’s best seller list, you need to understand how they determine this ranking. There are several factors that determine a product’s Amazon Best Sellers rank. Unlike the traditional sales rankings, Amazon uses a formula that is based on sales, not the price of the product or customer reviews.
Pricing
Pricing of Amazon best sellers is an important part of being successful on Amazon. You can use several different methods to set prices for your products. The key is to know what to charge for each item and to follow the policies of the marketplace. There are two main types of prices: list prices and manufacturer’s suggested retail prices.
Firstly, Amazon automatically adjusts its prices. It makes up to 2.5 million changes every day. Amazon’s prices change according to market forces. When your products are priced too low or too high, you may not sell as many units as you would have if they had been priced more competitively.
Recency
Regardless of the ranking system you choose to use, you should be aware of the Recency of Amazon best sellers (BSR). This metric is based on the number of sales of a product within a certain timeframe. This can be a useful tool in improving the performance of your product. People typically check out the most popular sellers in a category when looking for a product. A high BSR means that the product has been selling at a higher rate than the competition.
Amazon uses an algorithm to determine which products are best sellers. Unlike the conventional ranking system, this formula focuses on recency rather than price. For example, a product can be number one on Amazon UK but not in Australia, even though it’s sold more.
Kindle Unlimited
Kindle Unlimited is an online service that offers free e-books by some of the most popular authors. The service features titles published on a regular basis. These titles are also often new releases. A popular list of new releases is called the Top 100 Hot New Kindle Books. Usually fifty to sixty percent of the bestsellers are available for Kindle Unlimited. To check if a book is eligible, look for the KU stripe on its cover. Kindle Unlimited also offers a rotating selection of around 3,000 Kindle ebooks, which are hand-picked by Amazon editors.
Another great benefit to Kindle Unlimited is the ease of use. The service works seamlessly with Kindle devices and the Amazon website. It allows you to check out multiple books at once, and then return them at any time without incurring late fees. It also allows you to borrow multiple books at a time, without having to keep buying them.
Amazon’s Choice badge
To earn Amazon’s Choice badge, you should sell quality products and provide great customer service. You should also keep an eye on your inventory level. If your items are frequently out of stock, you will damage your chances of earning this badge. Another factor that will affect your chances of earning the badge is how often your customers return items. A low return rate is essential to gaining the badge.
The modern consumer is particularly particular about the speed of delivery. In fact, 41 percent of them are willing to pay more for next-day delivery. This is one reason why Amazon’s Prime offers guaranteed same-day delivery. This ensures faster delivery, which boosts customer satisfaction. If you are an Amazon seller, Amazon will consider the speed of shipping when awarding the Choice badge to your products.
