🚨 Note 🚨
Prism - Sales Opportunity - Niches - is only available for accounts advertising in the United States, Canada, Mexico, Italy, Spain, France, Germany and the United Kingdom. Please reach our Data Strategist if you would like to discuss this further.
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What are Niches?
Niches represent dynamic groups of competing ASINs, identified through shared search terms. Utilizing niches allows you to pinpoint competitors based on their top-selling proprietary ASINs, rather than relying on subcategories or Amazon nodes.
This approach involves analyzing keyword overlap and estimating potential revenue from each niche. It provides a thorough exploration of competitive keyword rankings, empowering advertisers to optimize strategies for these specific keywords using Prism's deep-linking capabilities with the Sponsored Product module.
The Importance and Benefits
Niches cater specifically to Amazon Campaign Managers focused on winning and growing market share for existing products. By providing insights into search competitors and potential revenue opportunities, Niches empower advertisers to optimize their advertising goals, ultimately driving revenue growth
Perpetua's feature, "Niches," emerges as a pivotal tool for advertisers, redefining the way market analysis is conducted and competitors are tracked. In this section, we'll explore the benefits Niches bring to the table, empowering Amazon Campaign Managers and advertisers to navigate the complexities of the marketplace with precision and confidence.
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Understanding Competitor Outranking
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How are Niches Created?
Term | Definition |
seedASIN | The first proprietary ASIN we used to generate the Niche |
ownASIN | The proprietary ASINs that had a high keyword overlap with the seedASIN, so we included them in the Niche |
compASIN | All non-proprietary ASINs |
1️⃣ seedASIN Qualification
We pull all the ownASINs under the region of that account which we have sales estimates for in Prism + they appeared for any of the search terms we scraped in the last 4 weeks. The ASINs are sorted in descending order based on estimated sales, starting with the highest-selling ASIN.
2️⃣ Search Term Selection
We pick the top 50 search terms the seedASINs rank for out of the 1m search terms we scrape in Prism.
3️⃣ ASIN Selection
We pull all ASINs which rank for the search terms (first 2-3 pages on SERP) and categorise them into 2 buckets:
ownASIN = proprietary ASIN
compASIN = competitor ASIN
For the compASIN we pull the top 20 products based on search term overlap and send them to Niches.
4️⃣ Combining ASINs to Create the Niche
All ownASINs and the top 20 compASINs are added to the Niche. ASIN-related metrics are calculated.
5️⃣ Pulling Search Terms for Niche ASINs
After we have a list of ASINs in the Niche, we pull all search terms these ASINs rank for out of the search terms we scrape and calculate metrics for them.
6️⃣ Excluding ownASINs
The process is repeated, but this time all ownASINs that are currently included in the Niche will be excluded. The process is repeated until there are no ASINs left.
Search Term Table and Advertising Actions
When you click on a specific Niche, you will be directed to the search term table, where you can find a list of all the search terms that the ASINs in that Niche rank for. You can apply various filters (1) in this view allowing users to spot opportunities which they can apply to their goals.
You can export search term data via a CSV file. To download the data, simply click on the small download icon within the search term table (2).
As mentioned earlier, from the "Niche Overview" dashboard you can execute advertising actions. Learn more about this by reading the Prism - Niche Overview (Advertising Actions) Help Centre article.
How to Edit the Name and the Products of a Niche
1️⃣ Go to the "Sales Opportunities" tab (1) and click on the Niche you wish to edit (2)
2️⃣ Navigate to the top-right corner of the "Niche Overview" dashboard and then click on "Manage Niche".
3️⃣ Click on the ✏️ icon by the name (1) to edit the name of the Niche.
All the products contained in this Niche will show up. In here, you have the opportunity to "Add ASINs" (2), or to "Exclude" (3):
4️⃣ Bulk add your ASIN(s) and click on the "Add x ASINs" button:
5️⃣ If you wish to re-integrate products you excluded previously, navigate to the bottom of the dashboard and click on the "x" by the ASIN(s).
Metrics Overview
Click on the ▶️ icon to expand and view the description of each.
My Estimated Sales
My Estimated Sales
The sum of the estimated sales of any proprietary ASINs in the Niche (seedASIN + OwnASIN).
Niches Sales
Niches Sales
The sum of the estimated sales of all ASINs in the Niche (seedASIN + OwnASIN + CompASIN).
My Niches Share
My Niches Share
The division of "My Estimated Sales" over "Niche Sales," multiplied by 100 (%).
Potential Revenue
Potential Revenue
The difference in estimated sales between the top-selling competitor and your highest-selling proprietary ASINs in the Niche.
🚨Note 🚨
If your highest-selling proprietary ASIN in the Niche surpasses the estimated sales of the top-selling competitor, we will show "$0" or "Low" as potential revenue.
Search Terms without Goals
Search Terms without Goals
The sum of all search terms in the Niche not included in any active goals.
Outranked Search Terms
Outranked Search Terms
The sum of all search terms where competitive ASINs inside the Niche ranked organically higher than any of your ASINs inside the Niche.
Search Terms
Search Terms
The total count of search terms where your ASINs or the competitor ASIN appear. (Union of all search terms all ASINs in the Niche appear for).
My Total Niche Share
My Total Niche Share
(Sum of My Estimated Sales of all Niches) / (Total Niche Sales of all Niches) * 100.
Total Potential Revenue
Total Potential Revenue
The sum of potential revenue in all the Niches created.
Total Outranked Search Terms
Total Outranked Search Terms
The total count of search terms where competitor ASIN ranked higher than the seedASIN or OwnASIN in all the Niches created.
Search Term Overlap
Search Term Overlap
The search terms in the Niche are all the search terms the ASINs in the Niche are ranking for combined. The percentage means that the specific ASIN is ranking X% of the search terms in the Niche.
Total Products Ranking
Total Products Ranking
The total count of ASINs in the Niche ranking for a specific search term.
Factors to Consider
Unable to Track Performance Over Time:
Currently, the feature doesn't track the performance of the Niche over time.Unable to Suggest New Products:
The feature doesn't suggest new products to be added to the Niche.
FAQ’s ❓
Does each Niche have a single proprietary ASIN?
At least one proprietary ASIN is required in the niche, but it can contain multiple proprietary ASINs.
How does Perpetua name the Niche? Can I change it?
The Niche is named after the search term with the highest SFR score that your proprietary ASIN in the Niche ranks for. Learn how to edit the name here.
How long does it take on average to generate the Niches for new clients?
Depending on how many ASINs we are generating Niches for, it should take between 15 minutes and 4 hours to generate the Niche
What could be the reason one of my key competitors is not in the Niche?
The Niche is created based on the products your ASIN(s) share the search word with.
Can I add or remove ASIN from the Niche?
Yes. Learn more here.
Article last updated July 2024. If you find this information to be out of date, please contact hello@perpetua.io.