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The importance of the shopping comparison market is growing, as these sites can generate millions of pounds for retailers. So let's take a look at what you need to consider when creating your product feeds.
First, the big numbers. Shopping comparison engines made between £120m and £140m in UK revenue in 2005. In some sectors, such as consumer electronics, they can drive more than 30% of sales.
It is therefore hugely important to optimise your feed...
Merchants need to monitor ROI from comparison sites to find out what is working and what is not working. If you're having problems, then it could be because your feeds aren't doing the business. It is important to gain an understanding of the factors which might be leading to successful or unsuccessful returns for particular products or categories.
To this end, our friends at Kelkoo have produced some useful tips on producing feeds for its shopping comparison engine, which may help you increase visibility and converting referred prospects to customers. These tips are valid for all product feeds, so listen up!
Further reading:
Shopping Comparison Engines Buyer's Guide 2006
Shopping Comparison - Roundtable Briefing, June 2007