Archive for the ‘Comparison Shopping’ category

Get Your Products Listed First On PriceGrabber

August 5th, 2009

Being a new merchant on most comparison shopping engines can be frustrating because when you have no click through history or ratings your products show up pretty far down on the page. There some tricks you learn along the way, here is one that can be helpful for comparison shopping engines that group merchants offering the same product on to one page. PriceGrabber is the first to come to mind.

Product Research

The first thing to do is research your product category and look for trends on how the search results are displayed. You are looking for this:

PriceGrabber: First Result From Group Of Sellers

PriceGrabber: First Result From Group Of Sellers

Most consumers will click on the first result, that’s where you’ll want to be.

Top Placement

In order for PriceGrabber to show your product with the first results of grouped merchants, you’ll need to make sure that you are using the same SKU as well as brand name spelling. If you have the same info, you’ve done it, you will now be in the first result.

Stick Out

Now you are on the first search result, you’ll want to try and get you products to stick out from the other merchants on the pages. You can do this by adding your logo or a discount promo message.

PriceGrabber: Compare Products Page

PriceGrabber: Compare Products Page

7 Tips To Maximize Your Results From Google Product Search

July 28th, 2009

Google-Product-Search

Being that Google Product Search (Base) is free you want to spend some extra time to make sure that you are getting the most out of it. There are several things you can do to optimize your feed.

Content Is King

The Google Base datafeed specs are fairly simple. aside from the required fields there are many optional columns that you can include. Your best bet is to include all that you can. There is a neat tool by Tom The Developer that allows you enter a search term and analyze the data fields that your competition is using. Google loves data, the more data you use, the better your products rank.

Title & Description

The product title and description are the most important parts of your datafeed. You will want to include pertinent info such as Brand Name, Model Number & Product Name in the title column. The description should include all the same information as the title as well as a more thorough description and product details.

Historic Performance

Google’s ranking algorithm also takes your feed’s historical performance into account. As long as your account is live, Google collects information such as Click Through Rate and Bounce Rate and analyzes it to see if it is in the consumers best interests to show your product with higher placement.

Fresh Feeds

Google likes to keep it’s content fresh, you should try to upload a feed on a daily or weekly basis for best results.

Google Checkout

Google allows merchants who accept Google Checkout to display the Google Checkout logo next to your products in Google Product Search. You can goto your account settings and link the two accounts. This helps your products stick out from the masses.

Reviews

Google aggregates your merchant reviews from many different rating websites and displays a star ranking of one through five next to your merchant name. Customers have the ability to sort and filter the results by the number of stars a merchant has.

Prices

Since Google Product Search is a Price Comparison Shopping Engine, you will want to see that your prices are always competitive for the best performance.

Top 7 Price Comparison Shopping Engines

July 24th, 2009

There are so many comparison shopping engines out there that it is hard to keep track of them. It’s just as hard to know where to start. These are the top 7 CSEs by traffic as ranked by Compete.

  1. Google Product Search
  2. MSN Shopping
  3. NexTag
  4. PriceGrabber
  5. Shopping.com
  6. Shopzilla
  7. Yahoo Shopping

Chart Comparing Traffic on Shopping.com, Shopzilla.com, NexTag.com & PriceGrabber.com

There are plenty of other CSEs out there, these are worthy mentions:

  • Smarter
  • SortPrice
  • TheFind

Chart Comparing Traffic on Smater.com, SortPrice.com & TheFind.com

SortPrice is still relatively small compared to the others but is worth mentioning because of their pricing model. They charge a flat fee per month so you can get any amoutn of traffic without worrying about the Cost-Per-Click.

Maximize Your ROI On Comparison Shopping Engines

July 22nd, 2009

Apples And Oranges

Comparison Shopping Engines (CSE) are a great marketing channel to promote the products you are selling. Most CSEs work on a pay per click model with rates varying by category. Because the CSE gets paid per click they try to drive as much traffic as possible and for most part it is targeted traffic. However, when you have a large product feed you will have a lot of products with many clicks and no return on investment (ROI). There are several thing you can do to rectify this.

Competitive Analysis:

The first thing to keep in mind is that people go to Comparison Shopping Engines to… Compare Prices! You will want to map out your competitive landscape and ensure that you are priced competitively. An item priced a penny cheaper than the competition will show up much higher on the page. Some websites will advertise the same product significantly cheaper just to lure the customer in and then tack on a ‘shipping/handling/processing’ charge. Make you your price looks competitive from the first glance on the CSEs.

Consumer Ratings:

Another thing consumers compare on CSEs ar your store ratings. Those little stars can make the difference between night and day. When a consumer sees 4 or 5 stars, they feel comfortable purchasing from you even though they never heard of you before. You should always push your happy customers to leave reviews for you because as a general rule of thumb, only pissed off customers go out of there way to leave reviews about their shopping experience. One additional reason to strive for positive reviews (aside from having happy customers) is that most CSEs incorporate store reviews into their ranking algorithms and will display your products higher on the page because of it.

Categorization:

Always make sure that your products show up in the correct categories. When an item is not categorized properly you will start receiving unwanted clicks that will not convert into sales. On the flip side, if your items are categorized properly you will receive much more qualified traffic and it will have a much better ROI. However you generate your feeds it will be in your best interests to map your sites category structure to each CSE.

Kill Reports:

When you have a large number of products in your feed it becomes imperative to run Kill Reports on a constant basis. A Kill Report is a performance report from any tracking software that contains the following columns:

  • SKU (Identifying ID)
  • Amount of Clicks
  • Cost
  • Amount of Orders
  • Revenue
  • Brand Name (optional)

What you will now need to do is analyze which items are not worth the cost based on a threshold that you define. For example any item with more that 50 clicks and no revenue, or any item with a cost of more than 50% of revenue produced. Once you come up with a magic formula that works for your business, you should run a Kill Report once or twice a month and exclude those items from future feeds. Something to keep in mind, is that if you see a specific brand performing poorly consistently over time you may want to exclude all that brands products from your feed. Results vary from CSE to CSE so I would suggest running a separate report for each CSE.