This is my first fully managed product, and sales have been dropping for two weeks. Ads are spending but not converting. I’ve tried adjusting campaigns, but nothing works. I’m really stressed and need practical advice.

Context:

  • Red‑ocean niche, high‑ticket product. Top sellers dominate ad weight.

  • My price is mid‑range, but my product has better specs/configuration.

  • Competitors sell similar‑looking products at 40% lower price (older models, but they’ve been ranking well for a long time).

Timeline:

  • First month (launch phase): sales were inconsistent but met expectations.

  • After one month: the market got flooded with 5–6 lower‑spec versions of my product. They have reviews and ratings, and they’re priced 40% lower. According to tracking tools, they get almost all organic traffic – very little ad spend. They’re ranking high organically and also appearing in the same ad placements as me.

Ads before competitors appeared:

  • I was running exact match SP campaigns with up & down bidding. High placement adjustments (100–200%) and bids above suggested. CPC was high, but campaigns were converting.

Ads after competitors appeared:

  • Same exact match campaign now barely converts. CPC skyrocketed. I switched to fixed bids, but at suggested bid my ads show up on page 4–5. I had to raise bids to $1.70 (from $0.70–0.80) just to get page 1–2 placements. Still no conversions.

My questions:

  1. What strategy are my competitors using? How do they get so much organic traffic with little to no ads? How do I fight back against 5–6 variations?

  2. How should I restructure my ads? Should I keep fighting for top SP placements? What other ad types should I try (besides exact match SP)?

I’m running a deal this week, but even with the deal my price will still be higher than competitors. My only advantage is better listing content and slightly better specs.

I’ve always been white‑hat. Open to grey‑hat suggestions but with clear risk awareness. Thanks in advance.