Influential Factors in Increasing an Amazon products Sales Rank

Amazon is the world number one online retailer and has nearly every product a person could need along with a treasure trove of product reviews to help consumers make educated purchases. Companies want to find a way to increase their sales in a very crowded market, and using this data is key. A very good indicator of how a product is selling is its sales rank; which is calculated based on all-time sales of a product where recent sales are weighted more than older sales. Using the data from the Amazon products and reviews we determined that the most influential factors in determining the sales rank of a product were the number of products Amazon showed that other customers also bought, the number of products Amazon showed that customers also viewed, and the price of the product. These results were consistent for the Digital Music category, the Office Products category, and the subcategory Holsters under Cell Phones and Accessories.

Publication Details

Journal
Maryland Shared Open Access Repository (USMAI Consortium)
Published
2024-11-06
DOI
https://doi.org/10.13016/m2pf2h-rsff
Primary Topic
Consumer Market Behavior and Pricing
Type
article
Field-Weighted Citation Impact
0.00
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article

Influential Factors in Increasing an Amazon products Sales Rank

Maryland Shared Open Access Repository (USMAI Consortium)
Consumer Market Behavior and Pricing
article

Influential Factors in Increasing an Amazon products Sales Rank

article en

Abstract

Amazon is the world number one online retailer and has nearly every product a person could need along with a treasure trove of product reviews to help consumers make educated purchases. Companies want to find a way to increase their sales in a very crowded market, and using this data is key. A very good indicator of how a product is selling is its sales rank; which is calculated based on all-time sales of a product where recent sales are weighted more than older sales. Using the data from the Amazon products and reviews we determined that the most influential factors in determining the sales rank of a product were the number of products Amazon showed that other customers also bought, the number of products Amazon showed that customers also viewed, and the price of the product. These results were consistent for the Digital Music category, the Office Products category, and the subcategory Holsters under Cell Phones and Accessories.

Maryland Shared Open Access Repository (USMAI Consortium)
Openalex Percentile: Top 37%
Consumer Market Behavior and Pricing
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