A recent report put out by RBC Capital estimates that there will be an installed-base of 128 million Alexa-powered devices (like the Echo speaker and Echo Dot) by 2020, and that they’ll become a $10 billion business that year. Those estimates are based on the assumption that Alexa-powered devices will increase spending by 5% to 15% for each Amazon customer.
Some websites claimed that the ratings were updating monthly, weekly or daily, depending on a given item’s success rate. One claimed that a ranking over 10,000 meant sales of 2.2 copies a day. Another quoted an informal study by a publishing house, who tracked 25 books, and discovered that a ranking of 10,000 or more meant sales of about one to five books a week. The information was inconsistent.
I was hooked. It didn’t matter the numbers could be meaningless because they accounted for only one bookseller or because I couldn’t be sure in relationship to what I was being ranked. It didn’t matter that the numbers were as fleeting as my recent obsession with chocolate mint gum, which ended when I tasted it.
While it isn’t clear exactly how many copies of a book must be sold to break into a slot on the list, a 2013 study of Amazon’s best-sellers list for a two-week period by Publishers Weekly found that “a title in Amazon’s top five averages 1,094 print copies sold across all channels, including other retailers, on a typical day.”
While Super Mario Odyssey was the best-selling game on Amazon, the most popular game-related product was the $20 PlayStation Store gift card, with the $10 variant coming in second. The most popular console on Amazon was the Switch, while the DualShock 4 controller was the best-selling accessory. You can see the complete list of Amazon’s best-selling game products here.
First, let’s take some time to review known Buy Box metrics. They can basically be grouped into three categories. For reference, you can see the first page of sellers for the kettlebell listing above, shown to your right.
From what I understand, this can sometimes be because a product is new, or that they just haven’t had any recent sales, so they simply don’t rank against other products in that category… hope this helps!
This entry was posted on Friday, March 20th, 2015 at 10:54 pm and is filed under Best Sellers, Computer – Hardware. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
What many of these sellers do not understand is that part of internet selling is that you are the eyes and hands of a buyer who isn’t there to look at the product themselves. The sellers on this list lack integrity, honesty, service and if there were employees they would be fired (but they are not employees).
On the flip side, Prime Day is one of the best sources we have to determine how on the mark we are by what we feature. Thanks to years of deal-hunting and paying attention to readers, we’ve gotten pretty good at anticipating interests, trends, and needs, but — as Prime Day reminds us with things like a SanDisk memory card and car mount cracking the top 10 best-selling items — we cannot always be 100% right in our assumptions.
Amazon also stated that 60 percent of holiday sales were made from a mobile device. Purchases made using gadgets were especially brisk on Cyber Monday, as Amazon sold 18 toys per second, via mobile devices. This indicates shoppers are moving away from the computer and grabbing the phone or tablet to shop online instead.
The reason people aspire to call themselves “bestselling author” is because it dramatically increases your credibility and “personal brand.” It can establish you as a thought leader. You’re able to show that you not only wrote a book, but that the market has judged it to be better than other books out there. It’s a status symbol, one of that cashes in on the prestige of one of man’s oldest past-times. At last, I had acquired this coveted title for myself.
There’s plenty of cross-border trading going on, but still many who are sticking to just one marketplace (or using separate accounts to sell on each). 46% of the 500 biggest sellers in Europe get all their feedback from only one marketplace (51% last year).
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Of course, it’s easier to be a bestseller in a small category than across the whole of Amazon, so an author will need fewer sales than the numbers you quote if they are only competing in a small category.
Thanks for the great comments, Ed! It’s difficult to say just how useful this tanking actually is- whether it’s more for vanity, or whether it actually has some real bearing on revenue and sales etc, but it’s interesting to look at it in more detail though 🙂
There are plenty of other bestseller lists and rankings which you can base your book buying decision on, but Amazon’s Bestsellers Rank is by far one of the most cited. As mentioned at the start of the article, though, it’s difficult to pin the Amazon Bestsellers Rank down too firmly, but the above is what I’ve dissected from plenty of research online. People will disagree to an extent with some of the above, but the importance you place on this ranking algorithm is up to you. I don’t know how (or even if all) this ranking impacts buyer decision, but I hope you’ve found this interesting.
Recent sales alone are not all that’s taken into account. Amazon also has predictive features built into the Bestsellers Rank, which are likely to be based on historical data of a product. This is how a newly released book can have a higher ranking than a book released three years ago, even when the latter has more cumulative sales- Amazon can predict that the new release will overtake that book in a given period of time.
The Switch title, launching pretty late in the game on October 27, is currently surpassing Amazon sales of many of 2017’s biggest money-makers, including Zelda: Breath of the Wild, Call of Duty: WWII, Destiny 2 and Crash Bandicoot: N.Sane Trilogy.
For a few months already in a row – ASUS X551MAV-EB01-B Notebook is at the top of this list. And there is no surprise for that. Take in consideration price (see bellow) and performance this model is among my favourite this season.
Let’s move to Kindle bestsellers of 2017 so far. With the growing popularity of Kindle Unlimited this list will be increasingly dominated by the titles that are most popular among Amazon’s ebook subscribers.
It would seem as though Nintendo Labo could already be a success, at least in the United Kingdom. The creative product is currently topping the video game best-sellers charts on Amazon UK. The most popular Nintendo Labo product is the basic Variety Kit which retails for £59.99. It should be noted that the products went live on Amazon UK yesterday. The kits are due to be released in April.
If the DVD drive isn’t enough to convince you, perhaps its blazing fast performance will be. The benefits posed by the Acer Aspire E5-553 shouldn’t be taken lightly, nor should its record-low $434 cost.View Deal