Using Google Merchant Center Next For Competitive Analysis via @sejournal, @gilgildner

7 months ago 81
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In Google Ads, wherever each click tin beryllium a imaginable sale, knowing your contention isn’t conscionable strategic, it’s besides perfectly indispensable for creating a profitable advertisement campaign.

For our ecommerce clients, Google Merchant Center has agelong been a captious instrumentality for managing unwieldy amounts of data.

When immoderate ecommerce clients tin banal thousands of SKUs oregon possibly adjacent millions of SKU iterations, it enables america to negociate buying campaigns that would different beryllium impossible.

With caller evolutions of instrumentality learning and AI-powered Shopping connected the horizon, making definite your store remains competitory successful the monolithic scenery of ecommerce advertizing is much important than ever.

Enter Merchant Center Next, which is the next improvement of Google’s merchandise listing absorption tool. It’s designed to springiness ecommerce retailers a sharper borderline successful the competitory arena.

Here’s however you tin usage this instrumentality not conscionable for managing merchandise feeds, but besides for identifying immense opportunities successful your competition.

Merchant Center Next is an upgraded level that allows ecommerce stores to negociate however their products look connected Google Shopping, some paid and organic.

But for this post, we’ll absorption much connected its analytics and insights features, which are a golden excavation for competitory analysis.

How To Use Competitive Analysis Features In Merchant Center

First, you request to marque definite your relationship really has entree to Merchant Center Next.

Although Google archetypal announced a afloat rollout by September 2024, not each accounts person entree yet. The integration with Google Ads is seamless, truthful it’s an casual click.

Second, instrumentality a look astatine the rival visibility section. This conception is reached by navigating to Analytics > Products, and past looking astatine antithetic contented tabs, labeled Traffic, Competitors, Popular Products, Pricing, and Promotions.

This shows you cards that item however your products stack up against the contention successful presumption of wide visibility. You tin spot who among your competitors is getting much clicks, wherever their ads rank, and however your ain postulation compares.

Third, instrumentality a look astatine terms competitiveness. Google Merchant Center Next provides insights into however merchandise prices align with the wide market.

Are your SKUs priced above, similarly, oregon beneath the mean terms crossed the internet? The information wrong this conception volition assistance you set your pricing strategy easily.

Google Merchant Center Price CompetitivenessResearching Price Competitiveness Within Google Merchant Center. Screenshot from Google Merchant Center, November 2024.

Next, look astatine hunt trends. This conception allows america to person a person look astatine and to recognize what consumers are looking for successful aggregate.

It’s not conscionable astir products oregon idiosyncratic SKUs, but besides full categories and merchandise niches you whitethorn not beryllium alert of.

Doing a heavy dive into merchandise show tin beryllium massively valuable.

Best Sellers allows you to place products flying disconnected your virtual shelves. If competitors are selling items you don’t presently offer, this is simply a bully indicator to see merchandise enactment expansion.

Out-of-stock Insights gives you a heads-up that you whitethorn request to restock a merchandise – inventory management is ever a immense contented with fashionable ecommerce stores.

How To Interpret Data For Real-World Use

One of my favourite metrics successful Google Merchant Center Next is the Ad/Organic Ratio Analysis. This metric tells america however overmuch of the postulation per merchandise is paid versus organic.

You tin infer rival advertisement walk from this. If you tin spot a rival has a precocious ratio of paid to organic, it means they’re perchance spending a batch much connected ads than you, truthful it mightiness beryllium clip to ramp up your Google Ads walk (something you’ve apt heard from plentifulness of Google reps).

Ad/Organic Ratio AnalysisAd/Organic Ratio Analysis successful Google Merchant Center. Screenshot from Google Merchant Center, November 2024.

Since Merchant Center isn’t lone astir paid traffic, you tin besides usage hunt word insights successful the Analytics > Summary tab to assistance with your ecommerce store’s SEO performance.

Use these insights into keywords to refine merchandise titles, descriptions, oregon adjacent URLs. If a competitor’s merchandise with a akin rubric is ranking higher, this tin bespeak imaginable opportunities for improvement.

Continuous monitoring and adapting to the existent marketplace are critical. Nothing seems to alteration faster than the integer advertizing landscape.

Using Merchant Center Next to place market shifts means you tin observe caller entrants, changing user preferences, seasonal trends, and more.

Merchant Center Product TrendsUsing Merchant Center Next to place changing merchandise trends. Screenshot from Google Merchant Center, November 2024.

Using this recently disposable information wrong Merchant Center tin assistance you outsmart the contention – spotting gaps wherever you whitethorn beryllium capable to spot that competitors are missing retired connected definite categories oregon terms points.

If you tin spot that nary different rival offers escaped shipping, oregon aren’t bundling products successful unsocial ways, these are each ways to leverage the information for your ain benefit.

More Data Is Coming For Shopping

One of the biggest complaints implicit clip has been that Google Ads seems to continually region granular information from our fingertips, making it harder to optimize and amended campaigns.

This is particularly important to ecommerce advertisers who often person unwieldy amounts of SKUs and transaction information to analyze.

Google Merchant Center Next really seems to beryllium bringing immoderate of this information backmost into the fold. By leveraging this information – specifically the competitory investigation tools – you cannot lone support up with the remainder of the ecommerce market, but besides possibly adjacent leap ahead.

Plus, Google Ads has been making immoderate large strides successful consumer-focused customized experiences wrong Google Shopping.

These AI-powered customized buying experiences are inactive successful their infancy, but making definite your campaigns are afloat optimized wrong Merchant Center Next is the archetypal measurement to staying competitory adjacent done these caller changes.

After all, the information that Google uses to bid these caller experiences travel straight from stores conscionable similar yours (which tin sometimes consciousness similar a double-edged sword, to beryllium sure).

All indications look to beryllium that this information volition proceed to increase. Not lone has Performance Max been offering much and much information recently, but shakeups astatine Google Ads look to bespeak that much granular information whitethorn beryllium coming to america from much than 1 platform.

Ecommerce cognition and information aren’t conscionable powerfulness – they are profit!

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