Amazon is entering the maturity phase of it’s business. They’ve won the eCommerce game, and they’ve won the retail game. They’ve successfully made it faster and cheaper to buy items across the United States than anywhere else. I personally predict that American Made and High Quality Goods will be the next phase of Amazon. In addition to that, you will need to start pushing external traffic into Amazon to even get off the ground.
Examples of new barriers to entry:
- Categories Requiring Approval – Grocery, Topicals, among the hardest.
- Ads within Amazon ecosystem aren’t triggering impressions as of June 2018 without prior sales history. (No one is talking about this)
- Brands much have a trademark to register with Amazon. It takes 6 months to get a trademark.
- All consumables, liquids, topicals, require hazmat approval.
- Batteries require documentation.
- Photos, titles, and other critical attributes are now being towed to a specific bright line. Either produce good customer experience, or Amazon removes them or changes them to whatever they see fit.
So what do you do about all of this? Launch on Amazon now!
In order of priority, here are the things you should do:
- Open a Seller Central account.
- Hire a consultant who can get you launched. Yours truly has scaled an Amazon Agency, and we onboard 3 clients a week. www.MyAmazonGuy.com Steps 3+ are best done by the pros.
- Load products to the account.
- Ship products in.
- Optimize products. Get your titles, photos, bullets, back end SEO all setup.
- Launch Sponsored Ads.
- Launch a storefront. Article and video on that here.
- Launch Headline Ads.
- Build Enhanced Brand Content.
- Get reviews on your products.
- Sign up for early reviewer program.
- Get Feedback Genius to automated review requests.
Every company ever is going to get stuck on one of those steps. Whether it’s the logistics, the merchandising, or the marketing. That’s why you should hire a consultant who can get done in days what your company will try do in months. Let the top executives make the hiring decision of on a consultant, so that they are empowered to cut through the red tape, and growth hack you some results.
Now for the bonus, below is an advertising guide, one you won’t see anywhere else on the internet. Because I made it, customized it over years of thinking about it.
The best way to setup advertising on Amazon
What I’m about to share is one of my biggest trade secrets. It reveals how I setup advertising. Highly segmented strategies, that produce results. First of all, advertise every product, 24/7. Every product deserves its own bidding strategy, but advertising can always be profitable. Exceptions of course if you’re in beauty – PPC bids there are astronomical. Apply this strategy and you will have control over your Amazon advertising destiny. At MyAmazonGuy we’ve even applied this strategy in foreign languages we don’t speak, with great results. Google translate works. Techniques matter more than language barriers. We recently launched a client in Europe across 6 languages with the below techniques and they are already performing at a 10:1 return. (Returns are easier in Europe than USA)
Ad Segmentation for Sponsored Ads:
We build four campaigns as follows. Each with its own strategy and segmentation.
- Auto Campaign
- Keywords chosen by Amazon, good for keyword discovery in case manual campaign misses opportunity, medium spend
- Brand terms are negated
- Brand Campaign
- Brand terms are only used on this campaign
- Defensive advertising, not incremental sales, low spend. Protects us from competitors advertising on our brand.
- Competitor Campaign
- Competitor brand names are only used on this campaign
- Often very small spend, high results, low impression counts, incremental sales
- Set up to target competitor’s brand keywords in order to gain market share.
- Manual Campaign
- Highly segmented ad groups, will have most benefit, most spend, most sales.
- Keywords are all manually chosen.
We have added the same keywords in the following three formats below, essentially A/B/C testing the keywords for strength. A keyword could perform better in any one of the below formats, and we adjust bids ongoing accordingly.
- Broad Match
- Generically targets the keyword, can have other words in search result mixed, has most impressions
- Phrase Match
- Must contain the phrase, can have other words in search result
- Exact Match
- Is exact match, and only targets when precise letter for letter keyword is used. Least amount of impressions, but most controlled and targeted format.
Each Amazon advertising setup uses a unique bidding strategy. In the case of many brands we choose to apply a growth bidding strategy. Where we put in high bids to test the market, and see what happens due to the competitive nature of your category. If results are poor we will pull back within 2-4 weeks. Our target is to get ads to be performing within 90 days. Advertising in competitive categories can have a ACoS of 30-80%. Advertising in less competitive categories such as home goods, can maintain a 15-25% ACoS.
Bonus round – Create a Facebook meme, and send traffic to Amazon.
You don’t have to a masterful creative designer to make an ad that works. I built this in 3 mins, launched it in 5, spend $50 and made 30 unit sales, and got 900 engagements. Showing up is half the battle. I even put in Pickle Rick for Rick & Morty, which is totally off brand for www.momstir.com, one of the brands I own. It still worked. Because it got people’s attention. I abuse my own brands quite a bit for testing purposes. It’s all about targeting, low bids, right message, and push them to Amazon using an SEO super url. An SEO super url is keywords in the UTF of the coding of the URL. It makes your product rank for those keywords when you get sales when someone clicks the url because it signals to the search engine that someone sought those terms out to make their purchase.
Article originally published on MyAmazonGuy.