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Best podcasts about pacvue

Latest podcast episodes about pacvue

Unpacking the Digital Shelf
Strategies for Winning the MegaSales, with Sunava Dutta, Chief Product Officer at Pacvue

Unpacking the Digital Shelf

Play Episode Listen Later Apr 14, 2025 34:25


The MegaSales of the big retailers represent both risk and opportunity, and the size of both are constantly changing. Today's guest, Sunava Dutta, Chief Product Officer at Pacvue, brings a ton of insights around overall strategic organizational and process best practices and a dive into the data and what it portends for this season of the Prime Days and the Walmarts Deals. It involves all the rooms of your house and a lot of math.

Serious Sellers Podcast: Learn How To Sell On Amazon
#633 - 20 Top Amazon PPC Questions Answered

Serious Sellers Podcast: Learn How To Sell On Amazon

Play Episode Listen Later Jan 21, 2025 40:23


In this TACoS Tuesday episode, we answer over 20 of your top Amazon PPC questions with the help of our first-time expert guest who brings a wealth of knowledge to our show. ► Instagram: instagram.com/serioussellerspodcast ► Free Amazon Seller Chrome Extension: https://h10.me/extension ► Sign Up For Helium 10: https://h10.me/signup  (Use SSP10 To Save 10% For Life) ► Learn How To Sell on Amazon: https://h10.me/ft ► Watch The Podcasts On YouTube: youtube.com/@Helium10/videos How can you elevate your Amazon advertising game and maximize your e-commerce success? Join us as we welcome Anne Harrell, Head of Product Evangelism & Enablement from Pacvue, to answer over 20 of the most pressing PPC questions from our listeners. Bradley and Anne's deep expertise offers a fresh perspective on how Helium 10 and Pacvue can complement each other, helping brands at various stages of their Amazon-selling journey. She dives into the latest innovations Amazon has lined up for 2024, like AMC and expanded sponsored ads, which aim to give sellers unprecedented insights into customer behavior. Throughout the episode, Anne shares actionable strategies for mastering Amazon ad campaigns. Bradley and Anne also break down the complexities of setting up effective campaigns, sharing how tech tools like Helium 10's Keyword Tracker can fine-tune your bids beyond basic estimates. We also touch on the power of automation with tools inside Pacvue, which can alleviate the burdens of manual campaign management and enhance overall efficiency. Anne emphasizes the role of external traffic and audience maximization within Amazon's ecosystem, offering a balanced approach to boost organic sales alongside advertising efforts. Finally, we explore the nuances of Amazon PPC strategy, from mitigating rising ACoS to the strategic use of AI in campaign management. Anne shares her fascinating journey from the advertising world to her pivotal role at Pacvue, along with resources like TACoS Tuesday for those keen on deepening their PPC knowledge. Whether you're working to optimize your PPC campaigns or looking to learn effective strategies, this episode is packed with insights to fuel your Amazon success story. In episode 633 of the Serious Sellers Podcast, Bradley and Anne discuss: 00:00 - Amazon Advertising Solutions 02:57 - Helium 10 and Pacvue 06:32 - Amazon Ads, CES Announcement 08:30 - PPC Campaign Optimization Strategies 09:25 - Optimizing Keyword Bids for Product Launch 12:42 - Optimizing Amazon Campaigns for Keywords 16:05 - Optimizing Campaign Management Frequency 22:56 - Effective Ad vs. Organic Sales Ratio 23:34 - Driving Sales Through Advertising and Optimization 28:34 - Finding Trending Keywords for Sponsored Products 32:22 - Product Display Ads Optimization & Competitor Avoidance

Unpacking the Digital Shelf
Navigating the Digital Data Ecosystem to Unlock Growth, Tim Caggiano, Head of eCommerce Reporting & Analytics at Nestle, Salim Bachatene, SVP Global Sales, Ecommerce NielsenIQ, Michael Nunes, Director of Product Strategy & Operations at Pacvue

Unpacking the Digital Shelf

Play Episode Listen Later Jan 13, 2025 57:24


The digital data ecosystem is constantly evolving and changing as new data sets become available and brands work to connect the dots between each piece of the ecosystem. The important element for brands is learning how to navigate the complexity, break down silos in their organizations and turn insights into action at every step on the consumer journey. This is an audio rebroadcast of a webinar focused on just that, led by Lauren Livak Gilbert, with guest experts Tim Caggiano, Head of eCommerce Reporting & Analytics at Nestle, Salim Bachatene, SVP Global Sales, Ecommerce at NielsenIQ, and Michael Nunes, Director of Product Strategy & Operations at Pacvue.

Serious Sellers Podcast: Learn How To Sell On Amazon
#622 - Strategic PPC for Amazon Sellers

Serious Sellers Podcast: Learn How To Sell On Amazon

Play Episode Listen Later Dec 14, 2024 31:30


In this episode, we'll discuss helpful Amazon advertising strategies, Amazon Marketing Cloud, Search Query Performance, and even some suggestions for the best Ethiopian restaurants. ► Instagram: instagram.com/serioussellerspodcast ► Free Amazon Seller Chrome Extension: https://h10.me/extension ► Sign Up For Helium 10: https://h10.me/signup  (Use SSP10 To Save 10% For Life) ► Learn How To Sell on Amazon: https://h10.me/ft ► Watch The Podcasts On Youtube: youtube.com/@Helium10/videos Join us as we welcome back George Meressa of ClearAds Agency, to the Serious Sellers Podcast, where we talk about Amazon advertising and e-commerce strategies. We discuss how tightened margins and increased competition from Chinese products are impacting sellers. The conversation covers the role of AI in leveling the playing field for non-native English speakers and the significance of external traffic sources like TikTok and Google Ads. We also examine the rising influence of larger brands on Amazon and the higher entry barriers that are discouraging new sellers. Our transition to using Pacvue for Amazon advertising and the emphasis on improving listings to enhance conversion rates are also key highlights. In our discussion on Amazon PPC campaign optimization, we focus on strategically reducing wasted ad spend and reallocating resources for better performance. George and Bradley share insights on identifying inefficient ad campaigns and leveraging tools like the Hemingway app and Pacvue to simplify language and automate bid adjustments. We explore the importance of enhancing listings through effective keyword use and optimizing Q&A and reviews, which are crucial for ranking. This conversation emphasizes how strategic budgeting and allocation can uncover easy wins and growth opportunities for Amazon sellers. Listen in as we explore modern advertising strategies and data utilization on Amazon. George discusses optimizing sales through effective keyword analysis and the benefits of using Amazon Marketing Cloud for insights into new-to-brand sales. We also touch on the value of Amazon's B2B reporting and the challenges of sponsored TV ads for ROI-focused clients. The conversation highlights the enduring effectiveness of sponsored product ads and the importance of maintaining advertising spend on high-ranking keywords. Finally, we share a lighter moment, connecting over a shared appreciation for unique ethnic cuisines, with a particular focus on Ethiopian food.   In episode 622 of the Serious Sellers Podcast, Bradley and George discuss: 00:00 - Amazon Advertising and E-Commerce Strategies 04:42 - Optimizing Amazon PPC Campaigns 09:48 - Automated Bid Adjustment Strategies for Success 14:41 - Amazon Advertising Strategies and Data Utilization 15:09 - Understanding Amazon Search Query Performance Keywords 19:03 - Advertising Strategies and Best Practices 21:26 - Benefits of the Amazon Bestseller Badge 26:17 - Shifting Focus to Organic Sales 29:55 - Discussing International Cuisine Preferences 30:29 - Exploring Unique Ethiopian Cuisines Transcript: Bradley Sutton: Today we've got George back on the show for the first time in a couple years and we're going to talk about a wide variety of subjects, including general Amazon advertising strategy, AMC, Search Query Performance and even some suggestions for the best Ethiopian restaurants. How cool is that? Pretty cool, I think. Hello everybody, and welcome to another episode of the Serious Sellers Podcast by Helium 10. I'm your host, Bradley Sutton, and this is the show. That's a completely BS-free, unscripted and unrehearsed organic conversation about serious strategies for Serious Sellers of any level in the e-commerce world. And we're here in Milan, Italy, at our Avask and Helium 10 workshop, and just fresh off the stage is George. Now I'm going to be asking him a little bit about what he talked about, because I was in here recording another podcast so I didn't get to hear him. But, George, it's been a little bit since you've been on the podcast. Welcome back.   George Meressa: Thank you so much for having me. It has been a while yeah.   Bradley Sutton: Yes, yeah. So now you flew in here, you're still based in London.   George Meressa: I am, yeah, I'm in London.   Bradley Sutton: Excellent, excellent. So I'm going to need some restaurant advice. I'll be going there two times in the next couple of weeks, so you'll have to give me some great local eats.   George Meressa: Absolutely, I'll give you my advice. I've been told I have horrible advice, but there's one or two winners, so then I'll get you with them.   Bradley Sutton: Excellent, excellent. Now we're not just here to talk about culinary things, were here to talk about you know what, what your specialty is, which is, you know, Amazon advertising, just Amazon in general. And so I remember the last time you were on the show. You know you talk a lot about DSP. Dsp obviously has come a long ways, but just in general, what are the biggest things that have changed in the last couple of years that advertisers are dealing with now? Or you know some new feature that they have access to? That wasn't around the last time you were on the show.   George Meressa: Yeah, it's a good question. So I think the biggest thing we've seen is just how margins are being tightened for sellers. So there's been costs that have increased in so many different areas, like warehouse costs. The cost per click just has increased in general, and not only that, but we've also seen a whole range of competition come within Amazon, so a lot of cheaper products coming directly from China and I think AI has had a massive impact on that where now Chinese sellers are able to have content that matches up with those who speak the native languages, like English in the US and other marketplaces and Temu has been one as well. It's just been a competition where you can find products at such a lower rate.   So there have been a few big components. Outside traffic as well has played a big part too. So getting viral stuff coming through TikTok, people really homing in on Google Ads they've had an impact and also the bigger brand as well. I think a lot more bigger brands are putting their products on Amazon and because they have the awareness, the conversion rates are just naturally better and they're coming in and just sweeping in and taking a considerable amount of market share. So there's a whole sea of things happening. I think one of the biggest things we've noticed, though, is there's less newer sellers, because just the barrier of entry is a little bit higher than it was when we first uh, when we last had the conversation. Bradley Sutton: Now you guys, uh, I know, um, in the last couple years you know, switched over to Pacvue, uh, for software, another one of our companies. So you know Pacvue is not just Amazon, you know, it's a really a lot of multi-channel. So are you guys leveraging advertising now on other platforms at all? Are you strictly still pretty much Amazon advertising?   George Meressa: So we're mainly Amazon advertising now. I think the biggest change that's happened since we last spoke is, uh, we're now working within the listings too, so leveraging some of the skill set we brought in from outside um, those who've run amazon brands and done really well and they've been able to help us to grow the conversion rate, because ultimately it comes down to the conversion rate and the sales. So and sometimes it's quite straightforward fixes it could be standing out with images, it could be keywords in the back end that most people forget to put in descriptions, titles, and just really working with that, and other times just that product is kind of hitting the end of its life cycle and that's   one thing we've noticed is the life cycle of products are kind of diminishing more and more since last being here.   Bradley Sutton: Yeah, I imagine that's kind of a benefit for you guys, because if you're only an advertising agency, you know you can only control the advertising. But if they've got a crap listing or they don't even have the right keywords, it's a little bit hard to change things. But if you're able to go in there and help people from a to z, then it just makes the advertising, I imagine, much more effective too.   George Meressa: Exactly that. So it's a kind of massive flywheel effect. When you get the listings right and you have a kind of superior product or product that stands out, it just makes everything else flow better. So you could, you know, um? On extreme examples, we've seen exceptional products of high barrier or high barrier to entry products, where they have very basic PPC campaigns, but they just rank, they just do well, and on the opposite side you have other products that are similar to what's out there and it's very difficult to get that edge. I think when I first started doing Amazon pay-per-click, you know you had the auto campaigns. Manual campaigns were just introduced. There wasn't much data. I mean there wasn't much competition, so it was easy to run it. But now I mean the data that we have access to with Amazon is unbelievable. It's unbelievable what information you can get right now and I think that is still probably the biggest edge a lot of people can have against their competitors is actually taking advantage of the data and knowing what to do with it.   Bradley Sutton: Now what is one of the most common I don't know if I can say mistakes or things that you're changing like now you take on a new client and now you do have the ability to go in and modify some things, both on the advertising side of what they were doing, but both on also on the listing, you know, side or keyword side. What are some things that are like oh my goodness, like we've had so many customers who have done this wrong and this is like the first thing that we check for to change. Does anything stick out in your mind?   George Meressa: Yeah, it's very simple. So we look at what can we bring down, what can we bring out? I mean, what can we bring down? What can we bring up? They're the two simplest ways of putting it. So what can we bring down? Where in the campaigns that we're looking at is there wasted budget? Where that, where the resources haven't been allocated well right? So this could be campaigns that are getting a very high amount of clicks but not any sales. So that's a. That's just a more straightforward basic um, um kind of uh example. But on the other hand, you can also have keywords that have a decent a cost, a horrible conversion rate, and that's where most of the budget's been distributed. So the more budget and ad spend a company has when they come to us, the stronger the chances that we will find something to improve. So that's the first thing we do is okay, what can we cut back? If someone's got, you know, you know, 10 000 a month ad spend or 100 hundred thousand a month, and we can reduce it by 10%, 15%. Then we got opportunity with that additional budget to put it in places where it is working, or untapped opportunities. That is going to be an easy win. So where is the easy wins, is the quickest thing, and reducing that spend and cutting the cost is the first place we go. So that's the first thing. And then the second thing is what can we bring up? Where is there potential for growth? And this is where we kind of dig into Search Query Information. Where are certain listings organically positioned well or getting a good proportion of sales that you're just not pushing through PPC right? And when we got that information, we can then create campaigns to then test okay, what would happen if we put some campaigns behind this? Would their positions improve? And most of the time the conversion rates are strong, as strong as they and they are shown on Search Query Data. Then they move and it works well. So, from a PPC side of things, that's where we see the quick wins. Um, on a listing side of things, it's very basic things that get missing. I mean the amount of companies we look at where they just haven't got back-end keywords and they don't have, uh, their descriptions fleshed out and their, their, um, their bullet points haven't been reviewed since they first launched the products because they've got so many products. Amazon is looking at the listings to look at what is this product relevant to what is. What is the search terms that are most likely to entice a sale. So we go a little bit further as well and kind of work on um Q and A as well. How can we maximize the, the amount of questions that are answered around the products and making sure that the type of answer that's given is what amazon's looking for. So, especially with Rufus so there's a science paper that uh was recently published where amazon actually say they, they give more um, they put more weight in terms of ranking to the questions and answers and the reviews as opposed to the product description. So really making sure that all of the content it works well. I think one of the things I've just shared downstairs as well is um using simple language, right. So a lot of people things I've just shared downstairs as well is using simple language, right. So a lot of people forget that, just using the US as an example, the average reading age is of a seventh grader, right? So if the average reading age is of a seventh grader, why not use this much more simple language within your listings to really convey the message? Because then, ultimately, you're reaching 100% of your audience as opposed to reaching, you know, 40 or 30%. That in itself could have just tremendous impact and it has, we've seen in our clients in terms of the conversion rates. So I just spoke downstairs a really cool app to use is Hemingway, the Hemingway app. So with that app, you can just put your listing title in there and it will teach you to just use more simple language. Right, there's no, there's no, there's never any issue in doing that, and actually you could reach a much, much larger audience, especially if you're selling a complex product. That is the art. If you sell a complicated product to complicated ingredients, you know, really conveying the um, the benefits. And just moving back to what you mentioned, Pacvue that's been a game changer. One of the big things that it's allowed us to do is allowed us to put in rules so that we can automatically make bid adjustments that humans just can't do as well, right? So just to give you a few examples, we can put in rules which say, okay, if, uh, the position in organically is X, make X change within the bids, right. So if this and if the conversion rate threshold is above this, increase the bids, right. Doing this is just one layer, right, and that's helped a considerable amount in terms of ensuring that it's done in real time. That's the first one. The second thing is doing um, increasing bids, budgets during certain times of the day and week, right. So we found out, all of the tools we've used, patfuse being the most superior in terms of getting that right and homing in. You know, you can ask someone, a VA, you can ask a special, a specialist account manager who's been doing it for donkey's years, to manually sit there and do that, but it's not going to meet the human, it's not going to meet, uh, the tool's ability to do it at such a rapid rate. There's so many things that we do within those tools now where we're now focusing more on a strategy and we're allowing the tool to do the mundane clicking and ensuring that the campaigns are given the best possible, uh, chance of succeeding. So, um, that's kind of how we use the tool and I think, is getting to a place now. If you're not using these tools, you're going to fall behind, like you cannot. It's not like those old days where you could just click and make the budget adjustment. Amazon is checking all of the position and ranking every time a search is made for your products, right? So you want to take advantage of that, especially if you're doing good volumes. You're getting good traffic, getting good impressions. You really want to be on top of it.   Bradley Sutton: Want to keep up to date with trending topics in the e-commerce world, make sure to subscribe to our blog. We regularly release articles that talk about things such as shipping and logistics, e-commerce in other countries, the latest changes to Amazon Seller Central countries, the latest changes to Amazon Seller Central, how to get set up on new platforms like Newegg, how to write and publish a book on Amazon KDP and much, much more. Check these articles out at h10.me forward slash blog. Now, one thing you mentioned a couple minutes ago was about the Q&A. So let's say, you know, just organically, nobody has left that many questions and so obviously that means there's not that many answers to. So does this mean that you're just getting like some Amazon customers to write some questions so that the seller or the account manager can answer them, or how do you get the right questions and answers on there?   George Meressa: Very good question. So I'm going to step a bit back, Bradley. So you can use a tool like AHREF, right, and you can ask a question about a product, right, and it will give you the most asked questions on Google, right. So that's where you can do the research and be more data focused. So I'll give you an example there was some sort of nail varnish that one of our clients sold. When we put that product into AHREF how to remove the nail varnish it was the biggest question I was asked. It was getting like 20,000 to 30,000 searches a month.   So, firstly, it's about finding the right questions. Where is the itch right? What are people asking? Right? And then, when you find a few of these questions, then we encourage friends and family and there are some other ways you can do it. I just would need to speak to a team about how to do it, but in the day-to-day of the business. But what we find is, when you do that and then you answer the question as well, there's Amazon Comprehend. So Amazon Comprehend is a tool that allows you to ensure you answer the question in the right way.   So you're not neutral. So either positive or negative, and it's about being as black and white as possible, and we've noticed that Rufus picks up on this as well. So, um, you want to make sure that you're answering those questions. Um, well too. So, um, don't be vague. Um, try and be yes or no. Um, does it answer the question is this a product that removes? Uh, you know how does this product remove nail varnish easily? Yes, it does it. Does it X, does it X, Y and Z? And actually what we did is, when we actually did the research on some of these tools like AHRef, SEMrush, we found that when you go to the listing, you can actually put some visual aids of showing step-by-step how easy it is to remove it. So there's a whole range of ways you can find it but this has been really, really useful for it.   Bradley Sutton: Um, you, you also mentioned, you know, Search Query Performance and I think that's just a great data point, that that Amazon. I think none of us really ever could have predicted that Amazon would, would, would give. Um, I think you touched on it. But, like, my main thing is, I'm looking at keywords where I've got a better conversion rate for purchases, that, then the overall and then yeah, you know, checking. Maybe I'm not advertising for it or maybe I'm not ranking high. I need to double down and then maybe the ones I'm not converting as well, maybe I even dial back on the spend because I know, you know, it might not help me much with my organic ranking. Uh, because I'm converting poorly for it. What other uses other than just those, those two that are using the search performance data for?   George Meressa: That's a good question. So, as well as looking at conversion rates, looking at what is the potential on that keyword, if you're getting three sales a week from that keyword and there's 25 sales, is it gonna be better use of your time to go for another keyword that you may be getting free sales, but there's 400 sales a week, right, so it gives you the potential that keyword has for you to grow in it and make more sales. So that's the first thing. Another thing as well is Amazon doesn't make this clear, but there's two types of keywords that you have within search query, so you have more discovery keywords and you also have more kind of intent based keywords. Right, and you can figure out where these keywords lie by just looking at their kind of um, the click percentage share, and you can also look at it from the add to cart share as well.   So there's going to be certain keywords where people just are more likely to buy quicker, and so they're the keywords really good to really understand as well, because effectively, this is going to be better use of your money. So if you can find those keywords where the conversion rate is higher, then you're likely to kind of do more with that. So there's some of the ways we use search query and I know they've gone a step further with my team as well where you can actually reverse, engineer and figure out, ok, depending on how many sales there are for a certain keyword and how much competition there is. There are for a certain keyword and how much competition there is, if you get X amount of sales for that keyword per day, this is how much it's likely to cost you per click on average to see what it would look like to move you up organically. So that's what search queries can do if it's in the right hands.   Bradley Sutton: What other new Amazon data points you know, like brand metrics or things like that, are you guys leveraging to help you make decisions?   George Meressa: Good question. So I think one of the I was just speaking to Ben just last week and I think one of the big things we noticed recently is just the B2B reporting through the child ace and so you can see now how many sales you'll get in from B2B customers. So I think that's been interesting. So I think anyone who uh is sales on amazon and they should just apply to and have b2b pricing. So if people wanted to buy uh larger units we're still quite early on into this, but we started to see certain trends of search terms where it's more targeted towards b2b customers and really taking advantage of those search terms as well and probably spending a bit we spend a bit more on them. So uh tape, some sort of tape for plumbers we kind of saw that. Yoga supplies we saw that. So there's gonna be a lot more we can do with it, but that's kind of one of the latest things that we've seen that we've taken advantage of.   Bradley Sutton: Are you guys leveraging AMC? I mean, AMC has been around for a while, but now it's kind of more getting a little democratized. It's not just for people with DSP. Have you been leveraging that at all for your clients?   George Meressa: Yeah, we've been using AMC for some time now with DSP clients, so there's a whole, there's a bunch of really cool things that AMC gives you in terms of data. So the first and most obvious way is you can now start to see how many new to brand sales you get through sponsored product ads. Uh, within the interface, you can only really see that for responsive brand. So it really, especially if you have, um a consumable product, you're able to see, okay, um, which, which keywords are responsible for bringing in new purchases where, um, they've never they've never seen your product I haven't bought within a certain time period. So that's been really useful.   Um, and leveraging that information, um, there's been. How else have we used it? Uh, we created custom audiences as well. So, um, you could exclude. So, within dsp, you can exclude those who may have seen your product 15 times, because they're less likely to buy after 15 times across the whole account as opposed to uh, as opposed to one um. So there's yeah, there's been a few ways, and I think this is going to be really good for uh, e-commerce brands now, the fact that we have it at our disposal within seller central, because before it was, you know, you had to go for an agency.   Bradley Sutton: So have you guys dabbled at all with any of your clients with a sponsored tv?   George Meressa: uh well, we haven't seen it work. We have, um, it just seems to waste a lot of money, um. So most of the clients that we deal with they're kind of more ROI focused. They want to grow. We haven't really had anyone yet with us. I know Matt has his previous agency that want brand exposure and are prepared to spend 20, $30,000 a month on that. So we haven't. We haven't. We've tested, we've not seen the results. So we haven't, we haven't, we've tested, we've not seen the results. So we've kind of moved away from it.   Bradley Sutton: Um, what's maybe the best kind? You know, obviously there's a million kinds of ads now before, back in the day, say, there's auto campaigns, or there's broad campaigns, and then there's ASIN targeting and then now all of a sudden there's, you know, sponsored brand headline ads and video ads and throughout different times, you know different ones have been the most profitable or drive best ROI. It's a general thing to ask, but anything like any type of ad you see nowadays in 2024, 2025, going into 2025, that are just working better than others, that you're like, hey, everybody needs to be making sure they've got a good strategy with this type of campaign.   George Meressa: I think it's been sponsored product ads from the get go and I think they're still kind of the number one.   If you can get your ads to appear, your products to appear at the top of the search results for the right keywords, that is always going to outperform anything else.   So that's the first place is to kind of find those keywords that you're likely to convert better with, or you have been converting better with, and pushing them top of page placements through sponsored products. We tend to find that 70 of our budget goes to sponsored product ads and then if we start to see, okay, there's common themes across certain keywords where we do convert well through sponsored product ads, then we would take those keywords and put them into sponsored brand ads on exact match to really push them that way. So they tend to and have done so for a while perform the best. Every now and again you get ace in target campaign and category targeting. That works really well, especially if a particular product is superior across the category. So if you have that kind of product where your average rate and count is a lot higher, then that's another option as well to kind of really push and with those kinds of terms, if someone has searched for your competitor and they end up buying your product, then Amazon's gonna favor that a great deal more too.   Bradley Sutton: So the question I have is kind of like, I'm not sure if there's one right answer, but everybody has differing opinions, so I just want to get yours is a common one that people have is like hey, I'm on a key keyword that's relevant to my niche, but now I'm already ranking high organically. You know, like, like, should I pull back on my, my spend? You know, like, maybe before I was always going for top of search for, for sponsored ads. But you know, like, my philosophy in the past has been I want as much real estate as possible. You know, I want to go ahead and have that sponsored brand headline ad. I want it to be the one of the first sponsored ads. I want the organic rank. You know, maybe I'll have a video on the page just because now it's pushing competitors. But you know, is it, is it possible that I'm maybe cannibalizing some organic sales because they clicked on the sponsored ad when they probably would have bought my product anyways? Where do you sit on this, on this kind of debate, I guess?   George Meressa: Good question. So, um, if you have the bestseller badge, you want to do everything within your power to keep that velocity of sales up. You want to make sure that you have more sales within that category than anyone else, because when you get that badge, amazon also already knows that you are the best in that category with what you sell. So there's going to be places that Amazon will show your products that you just would not have access to otherwise. So there's a whole range of benefits that you see would not have access to otherwise, right, so there's a whole range of benefits that you see. Not only that, but when you're positioned and you have the best seller badge, you actually have a much higher advantage compared to your competitors in terms of the price you pay per click. So we tend to also find that the cost per click is lower.   So when one of our clients actually cuts back or when they lose that bestseller badge, it's so hard to get it back. It's really, really difficult. Effectively, what you've done is you've created a moat. So if you've got those number of sales in, you're making a profit. You do really want to work hard to keep that momentum of sales. If it's working to cut back, it could be dangerous.   I would probably consider encouraging people to look outside of Amazon. If it's working to cut back, it could be dangerous. I would probably consider encouraging people to look outside of Amazon to kind of compliment what they have. But I mean, there's been just too many horror stories I've heard and seen where people have, like, positioned really well, doing great sales, and then a few people with VC-backed money come in, really push PPC, run their campaigns that are lost for a while, and then, um, they take the best seller badge and they just can't get it back. They don't have the resources like some of the other companies do. So if you're in that fortunate position, you should be doing everything you can, and I think one of the key metrics you should be looking at is how many units of sales are you pushing compared to some of your main competitors? Um, just to make sure that? uh, yeah,   Bradley Sutton: Somebody's just getting started and they want to start budgeting. Uh, you know, maybe it's tacos or maybe it's like, hey, how much should I put aside? You know, like because the worst thing they can do is just budget for the product, for shipping and getting started, and they have no budget for PPC. But nowadays I think the amount of advertising we kind of have to do is more than ever. But you know you can't do it to the point where you lose money. Is there a number where you're like, hey, you should budget this percent of, like, your initial order or this amount of money weekly or something for somebody so they can really make sure that they've got enough budget where they don't run out and then now they can't run advertising.   George Meressa: So somebody, so they can really make sure that they've got enough budget where they don't run out and then now they can't run advertising. So what we look at, especially when someone's launching a product, is okay, what terms are you going to want to go for to begin with and work backwards in that way? So if you have a product, strongly encourage you. Well, try and get brand registry from the very, very beginning so you have access to brand analytics. Get the products in. You're doing a variation; it's going to be easier to get this information. But what we tend to do is look backwards and go okay, what are the keywords that we're going to target and what impressions and clicks and conversions do they get a week? What do we need to achieve to begin with? And then how much do we need on average, working on some scenarios, to have more of an educated guess, and we work backwards in that sense.   And then we have phases as. So we might have four or five phases. So at the lower end of the phases, we've got those search volume keywords. I'll get in maybe 5,000 searches a month and we start there and then we kind of go right. Here's five keywords in phase four and what we're going to do with these keywords is start off with that and we're going to have X amount of budget. So we do have a tool in-house where we kind of figure out what we, what we need to spend and then we kind of move up the phases. The moment we start to see movement in organic positioning, um, but at the beginning is going to be, you know, I mean you obviously should probably going to sign up for vine and get those reviews coming in it's going to all factor in at the beginning. If you're getting really good reviews, you're getting really good conversion rate, then then you're going to have to have some budget, additional budget, to just help you with that momentum   Bradley Sutton: Another question I had was I think in the old days you know, I don't know, maybe six years ago or so a lot of, if not the majority of sellers, when they're trying to optimize their advertising, is like strictly ACoS, like hey, I have a cost goals at the campaign level, at the keyword level, whatever. Nowadays that that's not enough. You've got to be looking at ROAS and different things like that. What is your suggestions out there as far as managing your advertising in a more holistic way, instead of just strictly looking at that one ACoS metric that we did for so many years?   George Meressa: ACoS is certainly an important metric to look at, but that shouldn't be your key KPI. I think the conversion rate should be ultimately right at the top and TACoS then comes in later, should be prioritized more than ACoS, because there may be some sacrifices you have to make with ACoS for the benefit of organically getting ranked better and start to get more sales. I think the biggest shift that we're seeing is more sales across every. Well, most accounts we're looking at is coming from paid ads compared to organic ads from the past. So trying to reverse engineer that where you're having more coming from organic, is going to be key because that's going to give you a stronger moat compared to your competitors, if you can master that. So and there's been some extreme examples where we've had one or two clients where they have a higher price point when it comes to their product, but the conversion rate has been um, not as good, right. So PPC they have additional margins compared to their competitors where they can rank higher than them, I mean where they can position behind them on paid ad, but organically they're not running the moment. Moment their ads stop running, their listings go down, right. There's no history there organically. So it's heavily reliant on PPC. So, and that's why ACoS can be a dangerous game, if you're constantly measuring ACoS and you're going with the terms with the lowest ACoS and you're pushing them, every ACoS is just going to continue to climb and climb, and climb and climb. And for someone who's a little bit more strategic, um, and using data to their advantage and they're focusing more on the keywords where the conversion rates are higher and they're positioning better, they're going to come in and they're going to take those positions off you. They're the ones that are going to come and start to slowly win.   There's one example of one client where we didn't want the main competitors to even know that we were competing for those terms. So we went for those slightly obscure keywords that get maybe a number like 20 sales a week, 30 sales a week, and we pushed those keywords to get the velocity and we started ranking and we started to understand what kind of keywords relevant to us and then we went for those core keywords that everyone else goes for, right, and then that way we were able to then easily kind of come in and take organic position and rank, and that's how you should be thinking now. So a few years ago ACOS was our main KPI. Now it's just something we look at and it's really difficult actually to share with people. That way of thinking now is such it's so short term it's not going to allow them to kind of really see this for a year good points.   Bradley Sutton: Now before we get into our last questions. If people want to reach out to you to get more, information on what you do and how you can help them out. How can they find you on the interwebs?   George Meressa: So clearadsagencycom is the URL. Just search George Meressa on LinkedIn. I've got an obscure last name M-E-R-E-S-S-A. I think there's no one else with that. I'll just say George Meressa, so you'll find me. Connect with me there. But yeah, that's probably the best place.   Bradley Sutton: Favorite Helium 10 tool of all time.   George Meressa: Cerebro.   Bradley Sutton:     And something that you know. Maybe you don't know if we have or not, but you're like man, I don't think Helium 10 has this. If I was in charge of Helium 10 or this is the task I would give them that would give me more value.   George Meressa: I mean, you've got a Genie in there. Now we need the reverse, what helps you get money back. So that's what's, and it's free. So that's probably one I would have suggested, but you've already done it, so that's a box already ticked. I can't really think right now of anything I want. I think you've got the package. I think the data that we found has been, um, it's been so solid over the years. I think you, you're one of the very few companies who've had this data for so many years, and I think that's always been important to us. Um, but yeah,   Bradley Sutton: As you know, I'm going to Ethiopia for my first time. Obviously, I'm ordering lots of injera, but what's a couple of dishes that you recommend? Maybe even a dessert? I've never had Ethiopian dessert, so what are some things I should be looking for in some uh restaurants? I can call it by name and they'll be impressed that I know.   George Meressa: Okay so first, what you gotta do is you gotta find those little places where they're making coffee. There's like an old lady wearing all white and she's she doesn't have to be old, she could be young but like, um, like, and they're just making some coffee, the freshly brewed coffee. Get some of that, you're gonna love it. So that's the first place to go. And then, um, when it comes to India, the India is actually quite different to what you get in the uh, in the states and in the UK it's they use that.   It's that really brown sourdough. I don't know if you've had that version. It's usually kind of white flour they use in in your kind of Europe and the western world, but that's quite sour, so it's going to be interesting for you. I mean, you can take spice, right? Yeah, so I love ASAP. That's like the red sauce with the egg and the chicken and that is not my favorite, but, um, yeah, I think that's probably in Jera is like the most common thing to have there. So that's what I recommend.   Bradley Sutton: Love it, love it. That's the. It's a top three cuisine for me. Like I'm all for Mexican food, Korean food and then Ethiopian food is there, so like it's always been on my bucket list to go and I'm finally going only for a day, but maybe next time I'll be able to go for more.   George Meressa: That was the most random thing, though, and I think you told me three years ago. I was like George, do you have Ethiopian food? I was like yeah, and he's like I love it. And I was like what it was? Bradley was the last person food. It's like crazy. Anyway. I don't have many people that come up to me and tell me that and this is like an intimate cuisine for me, like I have it at home. I grew up with it, like growing up, and it's just there and um, and now you know you absolutely love it anyway. Crazy.   Bradley Sutton: Love it, love it. I will people know I march the beat of a different drummer. I don't like to go with what's the norm and that's definitely not the norm and I love it. So if you guys look up, uh, Yelp, if you have an Ethiopian restaurant near you, and give it a try and trust me, you're going to love it.   George Meressa: Thank you so much for having me, Bradley.   Bradley Sutton: Thank you for being on here, and we'll bring you back next year to see what you've been up to.   George Meressa: Sounds good.  

The CPG Guys
Live from Groceryshop With Henkel's Karen Satterlie, Pacvue's Melissa Burdick & 84.51's Barbara Connors

The CPG Guys

Play Episode Listen Later Dec 7, 2024 33:48


The CPG Guys are joined by Karen Satterlie, Director of eCommerce Marketing & Shopper Marketing at Henkel, Melissa Burdick, president of Pacvue & Barbara Connors, VP Strategy & Acceleration at 84.51 a division of Kroger. The episode was recorded in Las Vegas at Groceryshop 2024.This episode is sponsored by 84.51.Follow Karen Satterlie on LinkedIn here: https://www.linkedin.com/in/karensatterlie/Follow Melissa Burdick on LinkedIn here: https://www.linkedin.com/in/melissaburdick/Follow Barbara Connors on LinkedIn here: https://www.linkedin.com/in/barbara-connors-10312810/Follow 84.51 on LinkedIn here: https://www.linkedin.com/company/84-51/Follow 84.51 online here: https://www.8451.com/1) Given the decline volume CPGs are currently facing, How is Henkel focused on bring consumers to your brands in an omnichannel way?2) If planning needs to start at the top with the brand, do sales teams need to work in an omnichannel way as well?3) Is “retail media” media?4) How does inspiration drive brand loyalty?5) How is value defined by shoppers?6) How is the balance of power between brands & retailers shifting in the era of retail media?For the Cornell Retail Media Strategy Executive Education program, click hereCPG Guys Website: http://CPGguys.comFMCG Guys Website: http://FMCGguys.comCPG Scoop Website: http://CPGscoop.comDISCLAIMER: The content in this podcast episode is provided for general informational purposes only. By listening to our episode, you understand that no information contained in this episode should be construed as advice from CPGGUYS, LLC or the individual author, hosts, or guests, nor is it intended to be a substitute for research on any subject matter. Reference to any specific product or entity does not constitute an endorsement or recommendation by CPGGUYS, LLC. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent.CPGGUYS LLC expressly disclaims any and all liability or responsibility for any direct, indirect, incidental, special, consequential or other damages arising out of any individual's use of, reference to, or inability to use this podcast or the information we presented in this podcast.

Serious Sellers Podcast: Learn How To Sell On Amazon
#617 - Q4 Amazon PPC Strategies

Serious Sellers Podcast: Learn How To Sell On Amazon

Play Episode Listen Later Nov 26, 2024 32:51


In this episode, let's talk about Dayparting, hourly bidding, what sellers can do to take advantage of AMC, and how to optimize your ads for this Q4 holiday season. Could your e-commerce sales soar this Q4 with the right PPC strategy? Join us for a captivating session as we tap into the expertise of Jocelyn Jeffries, an account director at Pacvue, who enlightens us on the art of day parting and the transition to hourly bidding. As we gear up for peak shopping events like Black Friday and Cyber Week, we dive into setting actionable sales and customer acquisition goals. Jocelyn shares her valuable insights on leveraging Amazon Marketing Cloud for Amazon sellers, offering precision in optimizing your ad spend during these crucial periods. Our discussion unfolds with a deep dive into the intricacies of campaign optimization, focusing on consumer behavior alignment with tools like Pacvue and Helium 10. We share strategies for product launches, transitioning smoothly from auto to manual campaigns, and the tactical use of long-tail keywords. The nuances of using negative, exact, and phrase-match keywords in broad campaigns come alive as we explore how these strategies can enhance ad performance through the extended shopping season and beyond. We round off the episode by unpacking cost management strategies for PPC advertising during high-traffic events. Jocelyn offers her expertise on adjusting bids post-Black Friday to prevent overspending, the advantages of ASIN targeting, and competitor strategies. Lastly, we also spotlight the strategic advantages of leveraging AMC to optimize campaigns and increase your market share. This episode is packed with practical advice and expert guidance to refine your PPC strategies and make the most of Q4's high-stakes holiday season. In episode 617 of the Serious Sellers Podcast, Shivali and Jocelyn discuss: 01:35 - Optimizing Amazon PPC Strategies for Q4 07:37 - Day Parting for Ad Campaigns 12:05 - Optimizing Ad Campaign Strategies and Goals 16:14 - More Amazon PPC Strategies and Competitor Targeting 23:42 - Influencing Rufus AI Through Campaigns 25:05 - Amazon Marketing Cloud (AMC) for PPC Growth 27:28 - Increasing Market Share Through Aggressive Marketing ► Instagram: instagram.com/serioussellerspodcast ► Free Amazon Seller Chrome Extension: https://h10.me/extension ► Sign Up For Helium 10: https://h10.me/signup  (Use SSP10 To Save 10% For Life) ► Learn How To Sell on Amazon: https://h10.me/ft ► Watch The Podcasts On YouTube: youtube.com/@Helium10/videos

Ecommerce Brain Trust
Building for Incrementality, Interoperability, and the Future of Retail Data with Pacvue's Geoffrey Beliard - Episode 368

Ecommerce Brain Trust

Play Episode Listen Later Nov 19, 2024 31:16


Welcome to another episode of The Ecommerce Braintrust podcast hosted by Acadia's Head of Retail Marketplaces Services Julie Spear and Director of Retail Operations, Jordan Ripley. Today we're joined by Geoffrey Beliard, Senior Director of Product Solutions at Pacvue.  Geoffrey has spent decades leading data and analytics teams both on the brand side at large CPG conglomerates and, more recently, with leading software companies in our industry.  We'll dive into Geoffrey's take on where the industry is heading and how he's leading the product team and roadmap at Pacvue to meet that future.  Make sure you tune in to find out more!   KEY TAKEAWAYS In this episode, Julie, Jordan, and Geoffrey discuss: Core Focus of Pacvue: Emphasis on retail media and retail operations as primary pillars. Strategic choice to excel in fewer areas rather than offering a broad range of services. Differentiation Strategy: Preference for doing fewer things exceptionally well, setting Pacvue apart from competitors like Commerce IQ and Stackline. Advocacy for an open ecosystem, allowing integration with existing data sources and tools. Partnerships and Company Culture: Importance of strategic partnerships to augment weaker areas. Alignment of business strategy with a growth mindset and continuous improvement. Pacvue's Capabilities: Retail media management tools and Pacvue Commerce for comprehensive retail operations. Integration with major retailers like Amazon, Walmart, Target, Kroger, etc. Insights from Geoffrey Beliard: Experiences from the brand side and agency side contributing to product solutions. Discussion on balancing scalability with niche agency needs. Retail Media Networks and Clean Room Technology: Comparison between broad versus deep approaches in retail media network development. Investment in clean room technology and its role in unifying data and understanding shopper behavior. Measurement and Incrementality: Development of robust methodologies to measure incrementality, starting with Amazon. Use of "ensemble learning" to handle diverse data inputs for better incrementality measurement. Automation vs. Human Intervention: Discussion on the balance between automated AI solutions and manual control. Factors affecting retail operations, including inventory and buy box ownership. Future of Retail Media: Consolidation around the top 20 global retailers developing retail media networks. Importance of large-scale retailers like Amazon, Walmart, and Target in attracting media investment.  

Serious Sellers Podcast: Learn How To Sell On Amazon
#606 - There Is No Such Thing As The COSMO Algorithm!

Serious Sellers Podcast: Learn How To Sell On Amazon

Play Episode Listen Later Oct 19, 2024 42:11


In this episode, our guest is an expert on AI and Amazon Science papers. He'll talk about Rufus, COSMO, Project Amelia, and all other AI advancements from the Amazon side and beyond. ► Instagram: instagram.com/serioussellerspodcast ► Free Amazon Seller Chrome Extension: https://h10.me/extension ► Sign Up For Helium 10: https://h10.me/signup  (Use SSP10 To Save 10% For Life) ► Learn How To Sell on Amazon: https://h10.me/ft ► Watch The Podcasts On Youtube: youtube.com/@Helium10/videos Join us for an engaging discussion with Kevin Dolan from Pacvue AI Labs as we explore the cutting-edge advancements in AI and Amazon's pivotal role in shaping this dynamic landscape. We'll unravel the mysteries behind intriguing names like Rufus, COSMO, and  Project Amelia, representing Amazon's ongoing AI initiatives. Kevin shares his expertise on the evolution of AI from its early conceptual roots in the 80s to the transformative impact of transformer models around 2019, which paved the way for groundbreaking applications like ChatGPT. Discover how Amazon's increased investment in AI research is manifesting in published papers and sophisticated models that are revolutionizing customer interactions. We also explore Amazon's integration of AI in tools for sellers, highlighting the launch of advertising AI that optimizes campaigns with precision. The potential of AI in enhancing tools like Helium 10's Adtomic and Cerebro for more efficient Amazon PPC campaigns and keyword filtering is discussed, along with the impact of Amazon's Rufus on the shopping experience. While Rufus aims to improve customer interactions, we critically assess its current limitations and ponder its potential to shift some search activities directly to Amazon from platforms like Google and Pinterest. Additionally, we dive into Amazon's transition from lexical to semantic search, emphasizing the importance for sellers to align their product listings with customer needs for visibility and success in an AI-driven environment. Lastly, we examine AI-driven tools like Project Amelia in Amazon's Seller Central and their potential impact on brands and sellers. While chat-oriented interfaces may translate vague intentions into useful actions, skepticism remains regarding their revolutionary potential. We emphasize the importance of exploring third-party tools like Helium 10 for added value and addressing the hype surrounding changes in seller practices, reassuring listeners that successful strategies remain largely unchanged. Kevin's insights and our conversation shed light on the future of AI in e-commerce, leaving us excited for what's to come in this rapidly evolving field. In episode 606 of the Serious Sellers Podcast, Bradley and Kevin discuss: 00:00 - Advancements in AI and Amazon Science 00:41 - Decoding the Amazon COSMO Algorithm 08:42 - AI Model Cost Efficiency Advancements 09:48 - Amazon's AI Innovations and Rufus 14:59 - Implementing AI Chatbots Inside Online Marketplaces 20:29 - Enhancing Amazon's Semantic Search Capabilities 21:12 - Leveraging Rufus and COSMO for Selling Success 26:59 - Impact of Science on Amazon Practices 28:10 - Enhancing Amazon's Product Understanding With AI 30:01 - Customer Preferences for Pregnant Women 35:22 - Amazon's Data and Product Listings 37:30 - Amazon's Project Amelia in Seller Central 38:42 - Amazon's AI Recommendations for Sellers   Transcript: Bradley Sutton: Today we talk to the person who knows more about AI and Amazon science papers than maybe anyone else in the world, and he's going to talk about all things Rufus, COSMO, Amelia and all other AI advancements from the Amazon side and beyond. How cool is that? Pretty cool, I think. Hello everybody, and welcome to another episode of the Series Sellers Podcast by Helium 10. I'm your host, Bradley Sutton, and this is the show that's completely BS-free, unscripted and unrehearsed organic conversation about serious strategies for serious sellers of any level in the e-commerce world.   Bradley Sutton: I'm not exactly 100% sure what I'm titling this episode, but I might have done something kind of clickbaity and say something. There is no such thing as the COSMO algorithm or something to get people to click on this. But let me just quickly explain that. Now. I don't mean that there's no such thing as Cosmo. There's a lot of documents out there from Amazon that talk about it, but there's nothing that says, hey, Cosmo is the new A9 algorithm, or there's nothing official from Amazon that says, hey, Cosmo is now in full effect across 75% of searches, or anything like that.   Contrast that with all the articles from Amazon that talk about Rufus. I mean, Rufus is a thing you can actually see in everything. So I just wanted to do a clickbaity title like that and we'll definitely get into Cosmo and things like that later. But I've got back on the show probably one of the persons who's the highest expert in the world as far as AI and also what Amazon has been doing as far as on the AI front, and that's Kevin from our own Pacvue AI Labs. That's why I'm wearing this. It's actually a Brazilian soccer team, Palmeiras, I think.   Bradley Sutton: I wanted to get something with a P on it. Yeah there you go.   Bradley Sutton: I have a Padres P hat too, but since I'm a Dodgers fan, it hurts every time I even wear that hat. So I was like, no, I'm not going to do it, considering the times that we're in right now. But anyways, Kevin, welcome back. It's been a little over a year since you've been on the show.   Kevin Dolan: Yeah, thanks for having me back. Last year was a lot of fun and we've been seeing a lot of things happen in the last year in AI, especially around Amazon's implementations of AI, so excited to talk about those updates.   Bradley Sutton: Cool. Now let's just talk about AI in general, general. You know, like AI is kind of like, I guess, like about two years, I mean, people have been talking about AI for years but as far as the, the more recent trendy version of the topic, AI, um, it's really been, you know, like you know, ChatGPT and things like that over the last couple of years. And let's just talk about what's happened in general over the last year. You know the improvement   Kevin Dolan: Okay, sure, yeah, I mean, like you said, AI has been around forever. We've been using the term at least since the 80 s in terms of technologies that we can actually use for actual production purposes. As we're using the term today, its meaning has shifted to largely refer to this current generation of models that we're seeing. That began in around 2019 with the introduction of what was called the Transformers model. This led eventually to a variant of that model called Large Language Models, popularized by Open AI's ChatGPT, and we've been seeing a sort of explosion in AI technology and investment into hardware, investment into research as a result of some of these findings. That has become sort of the current modern label of what is AI. We're talking primarily about transformer-based models that perform language or other modalities, including image generation, and we're talking about basically whatever is that front line of research that's happening right now. So you see this explosion happen with the release of the paper around 2018, 2019. And then you see the proliferation of training hardware that led to innovations like ChachGPT, where we're starting to see these emergent behaviors, where these models do start to exhibit something that you can really call intelligence. These models do start to exhibit something that you can really call intelligence.   I came on here last year to talk about all of the different papers I had read from the prior four to five years at Amazon Research. You can tell, when you look at the number of papers that Amazon is releasing, that around that time around 2021, 2022, they started to invest a lot more in their research department. When they started releasing papers in Amazon Science in 2018, there were five papers about search. The following year, in 2019, there were 18. By 2021, there were 40. And then the next year there were almost 70 papers. That seems to have leveled off at this point. We saw about 70 papers last year and so far in this year we've seen about 60 papers. So we're probably going to end up in the same realm.   So the number of papers that Amazon is releasing isn't really changing. What is changing is the complexity of the models that they're using is much more sophisticated and they're being targeted for much more practical use cases. You're seeing larger A-B tests where they're being run on material percentages of traffic on Amazon. You're seeing Amazon release actual AI features that are customer-facing, like Rufus, and we're seeing investments in hardware that make some of these models that used to be impossible to run in production now very conceivable. So I think we are seeing confirmation that Amazon is taking these technologies seriously. They're implementing it in production and it is starting to impact customer behaviors.   Bradley Sutton: What about non-Amazon AI Like what you know? ChatGPT, imagery you? Know, like a couple of years ago it was just hallucinating nonstop, and then last year a little bit better. You know images. You could not create humans, you know, or products in there without seven fingers and stuff in the general world of AI. How has that come along in the last year?   Kevin Dolan: Yeah, so I mean we are seeing continued investments in research and continued improvements on these models. The transfer model really revolutionized things, but the initial results that we were seeing out of those transformer models were a little disappointing. For the first time, we were starting to see computers understand language, computers being able to generate images, and our initial reaction was holy cow. We didn't know computers could do this, and then, as we started to use it a little bit more, we became really disappointed, because we're like, oh you know, all the people have six fingers. It's making up facts. You know, the things that it's saying don't really make sense. And so there's been a lot of people who have looked at this potential and started to invest material dollars in improving it to basically get to the point where now these technologies produce more reliable, more consistent results. There's still really major shortfalls, there's still issues, and I think you're going to see continued investment in this. The optimistic projections that you're getting from OpenAI. You know I'm personally a little bit cold on those, but who can predict the future? Who could have predicted that this would have happened? Yes, you are seeing improvements in image generation models, where the images that they're producing are now closer to reality. We're starting to see these used widely in industry, especially in fields like advertising, where you need to produce high volume creative. If you look at the features that Photoshop has released related to their Firefly AI image generation model, we're starting to see not only improved models but improved workflows for creatives to actually be using these tools in a way where, instead of just somebody typing some random prompt and getting whatever the system decides to give you now, people are actually able to control the output and get the output that they're looking for. So, between all of these things, you're seeing a lot of development to make these tools more practical to use. I'd say the biggest and most recent news is OpenAI's release of its strawberry model, which they call O1 in their release vernacular. The O1 model from OpenAI is performing thinking steps before it answers the question and hiding that thinking from you, the way that if you're asked a question, you might think about it a little bit before you answer it, and they're seeing really, really impressive results from that. You know we're getting closer to the place where these AI models might be able to do something that's a little bit more functional, a little bit more capable of actually interacting with real life data and real-life processes, you know, but we're still a little bit far away.   Another issue that we keep running into is the dollar cost of running these models. Towards the end of last year, at Helium 10, we developed a review sentiment analysis model that basically would read thousands and thousands of reviews for your Amazon products and produce some analysis and produce an analysis of what people are saying about your product. You know Amazon has a similar product. Ours goes a little bit deeper than that but the idea is essentially the same. You know what are people saying about your product, what can you learn about it in order to improve your product, improve your listing, etc. And one of the things that we ran into with that model is just how prohibitively costly these models can be to run on large sets of data, and so we're starting to see investments in making models smaller and more special purpose, and we're also seeing improvements in hardware that make running these models more cost effective. This is really going to start to unlock production capabilities, and that companies will now be able to run AI models profitably.   Bradley Sutton: Interesting, interesting. Now, yeah, we're always looking to add things that can utilize AI that helps Amazon sellers. You know we are launching this week advertising AI on our Atomic side, which is allow somebody to just enter in an ASIN and then our AI engine will kind of just create all the campaigns on its own and optimize them on its own. That's something that we've been using at Pacvue for a while, and we're integrating some AI things into tools like Cerebro, where you could have a prompt that allows you to filter out keywords or say, hey, can you please remove any Spanish keywords from the results? Or, hey, can you remove any branded? You know search terms, you know things that you know you could probably do on your own, but it just takes a lot longer. So, so, definitely, we're, we're keeping track of what AI can do, because anything that is doable. We want to go ahead and bring it into Helium 10.   Bradley Sutton: We know that getting to page one on keyword search results is one of the most important goals that an Amazon seller might have. So track your progress on the way to page one and even get historical keyword ranking information and even see sponsored ad rank placement with Keyword Tracker by Helium 10. For more information, go to h10.me forward. Slash keyword tracker.   Bradley Sutton: Now going back to the main topic, amazon. Before we get into the science more detailed, into whatever science documents have been released and things this year, let's talk about what is 100% already out there or talked about, which is like the Rufus and so Rufus, Cosmo I've got some personal opinions on it and that's all. A lot of this is, you know, until Amazon actually publishes something for sure, like you can't even say that, oh, a science document said this or that, because the great majority of the content of science documents actually doesn't actually get into production on Amazon. You know per se. You know so just because Amazon talked about in a science document. It's just a research paper, you know. But let's first about talk about the stuff that you know Amazon announced at Accelerate or has already rolled out to customers, like Rufus.   And then my general thought on that and again I could be wrong and I'll be happy to switch my thinking when Amazon does make some different announcements is that Amazon is always about the customer. Right, they want to give a better result for the customer. And then I don't feel that, like Rufus, for example. Fyi, in my opinion it's terrible as a buyer where I'm like, hey, what did the review say about this product and it gives me an answer. And guess what? There's no reviews on that product. So, as a consumer, being kind of skeptical about some of these AI things, I just can't use it. And now the other part of it is I don't think anytime soon the traditional way of searching on Amazon is going to be improved in that if I know I want to buy and I talked about this in a previous episode recently if I want to buy a coffin shelf, there is no better process than me opening my Amazon app and typing the word towards coffin shelf and looking at the results like there is nothing unless amazon connects my brain to, to the app. That is going to ever be better than that where? In other words, I am not going to go and have a conversation with Rufus with my thumbs, you know, like taking typing in a whole bunch of I used to be a secretary. I type like a hundred words a minute. So like, let's say, I was on the desktop app, I'm still. I'm a lazy person, as all human beings are. I am not going to say what do you think, Rufus, about coffin shelves out there? Like, like, no, I'm going to type in nine letters and then. So that part. I almost don't think Amazon is necessarily trying to change that part, because they know that it's already the most optimized experience for people who know what they're looking for.   Now here's the thing, though how did I get to that decision that I wanted a coffin shelf, like maybe I just knew it. But another thing is, maybe I'm just browsing like, hey, I want to uh, search on google what are trending, um, trending gifts in 2024 for teenagers with a gothic inclination, or something like that. Like, right now, I'm not doing that in Amazon, or, historically, I'm doing that like in Google, maybe Pinterest, you know, or maybe these other websites where I'm trying to get ideas. And then, all of a sudden, I read a blog, or I arrive on a TikTok or whatever, and I see, ooh, Coffin Shelf. I didn't even know that existed. Now let me go and type in coffin shelf on Amazon.   So I think the potential of, of a fundamental change in the way we shop could be that maybe some of these searches that people would normally start on a Pinterest or on a Google, maybe now you can start in the Amazon app, where what I would have typed for the Google AI or things like it's just going to go ahead and, and, and I can start the Amazon app where what I would have typed for the Google AI or things like it's just going to go ahead and I can start, you know, just browsing, browsing things, and at the end of it, you know like Amazon might, or Rufus might, tell me yeah, you know, like we see some spooky families by coffin shelves, and then here are the coffin shelves Now. Anyways, I normally don't talk very much when I interview somebody, but I'm very passionate about this. But are we on the same page here, or what? Correct me if I'm wrong or if you have different ideas.   Kevin Dolan: I mean totally with Rufus.   You know Rufus is out, it's public, it's something that anybody can interact with. So we know it's been implemented and if you've actually used it, I'm sure you found the experience a little bit disappointing. You know it does two main things it helps you to figure out what search you might have wanted to type in if you weren't completely sure, and it answers questions about a product once you're looking at a particular product. I think that those two things could be useful. You know, I think that it's certainly early in the implementation of chatbots to say that these things are fully capable, but I think what you're seeing with Rufus is mainly two things here. The first is there's intense industry pressure to implement AI in a visible way that all companies are feeling. After ChatGPT was released, no major tech company wanted to fall behind on that trend, and so you started to see these types of very visible generative AI features implemented in tech platforms across all industries. If you've got a website, there's a good chance you've got a chatbot at this point, and so it's hard to imagine a world where Amazon was not going to release something like this. They really, really had to because there was so much pressure to at least try it, see if it works, see how customers respond to it. Also, we know that Amazon looks towards other retail experiences to try and understand what ways they can improve the e-commerce experience.   It was not always the case that Amazon's primary vehicle for finding a product was a search bar. When Amazon was first released, it was largely node browse based. You would search through a series of categories and get to the product you're looking for, which is much akin to going to a store, looking at the different aisles, walking down the aisle that has your type of product and getting there. It was a major innovation for them to create a search engine that could search through any type of product and understand at some level what a person was looking for, and they've been making continuous improvements to that over the entire development of their company. I think with Rufus, the corollary in real life retail is going to a store and talking to an associate. If you go to a nice store where they have a more curated shopping experience, you might want to go and just talk to a person and ask them questions about the products that they're experts on. I think that's a sort of natural corollary to try to implement in an online context, but when I go to a store, if somebody comes up to me and starts telling me about their products, I'm personally not the type of person to respond to that, and so you know it's natural for me to look at Rufus with a little bit more skepticism than you know somebody who might enjoy that real life experience.   I think that there are shortcomings with Rufus. I don't think it's going to materially impact the majority of purchase paths for the majority of customers. I agree with you. There is no easier user interface that I can imagine. When you are looking for something, you want to just go to Amazon, type it in a search box, a brief description of what you're looking for and then yeah, all right, I've got a list of things to look at. I've got some pictures. I can scan some results.   I do find some utility with Rufus with respect to answering questions about products. You have to take it with a grain of salt because it can hallucinate. It can produce unactual information. However, I have used it in some context to ask a specific question about you know, can this product be compatible with some other product? And it will give you some kind of information that you can then verify using the listing, using the questions and I think that's helpful in order to use Rufus to come up with search ideas and things like that.   I found that those features are a little bit less useful but, like you're saying, if they start to integrate the experience of asking these questions in a more core way, in a way that feels less bolted on and gives you more than just a text output with links if it were to give you, say, a sort of a Pinterest board for product discovery, help you to better understand how to get to the listings that you want to find.   I could see a world where those user interfaces become material for less targeted searches, where you aren't really sure exactly what you want to buy off the bat. One of the things that they point out in the blog post about Rufus because they haven't released a scientific paper about it detailing the implementation. But one of the things they point out is, if you are going to involve yourself in some kind of activity like, let's say, ongoing camping in Joshua Tree, I might use a tool like Rufus to answer the question of what types of things do I need? You know the kinds of things that you might talk to a store associate at a camping store about and it can start to give you some ideas about this. But I think we're pretty far from the point where you would give it the same kind of trust as you would give as somebody who has put their body in a camping experience routinely.   Bradley Sutton: I agree. I think Rufus definitely has some potential to help things if the hallucinations stop, because there are things that as consumers, we do that takes time. After I land on a couple of products, I might start looking at the reviews. I might start looking at details of the bullet points and descriptions to see use cases and try and find out material. I might look at the images to see the stats and the ingredients of something, and these are all things that can take a lot of time, especially if I'm not sure where to look.   Like I don't know where a seller has put in their listing. You know which material to use, so I can definitely see Rufus helping there. But then, you see, my thing is then you know and this kind of goes now into the Cosmo discussion is I materially do not believe that sellers should be doing anything differently right now. To me, the people who Rufus and Cosmo might help, if anything, is the people. It's kind of like maybe leverage or leveling the playing field a little bit for some of the people maybe who are not doing the best practices.   You know, maybe I didn't put all the right keywords in my listing and so I wasn't indexed for it on day one, but then Cosmo or whatever, over time recognizes that the people who are buying my product are actually looking for it for this certain use case. It's kind of like what you and I showed last year on the podcast where noodle camera. Right, you know, noodle camera was not that keyword, was not at the time, I don't know about now, but was not in any listings on Amazon and it didn't have much search volume. So it's not like it was a big loss. But Amazon learned and we don't again. We don't know if this was Cosmo that did it or it's just Amazon algorithm, you know but Amazon learned that, hey, these people who are searching a noodle camera, they're actually looking for this stethoscope kind of camera that looks like a noodle, and so who don't? We don't know how long it took for that to actually become indexed as something, butthat's a benefit you know like. But at the end, if noodle camera was an important keyword, I, if I would have put that keyword in my listing from day one, I would have been the only one searchable. I wouldn't have had to wait for Cosmo or whatever A9, to kind of learn about that. And so again for the person who only keyword stuffs right, you're like, hey, I'm going to pull all my keywords from Cerebro and Magnet and just throw it in my listing and try and get it, each keyword four times.   Yeah, you know what? You probably should change your, your methodology, because that's not. That hasn't been the best way of doing things for years. But we've been teaching here at Helium 10 that you have got to talk about pain points to your product solves in your listing. You've got to show it in the images. You know what use cases. If you have collagen peptides, you've got to show people using it in their coffee. Not that they use the keyword coffee to search for collagen peptides, but that's how they are searching for it. They want something that is going to dissolve well in their coffee, and so you've got to be indexed from day one. You've got to talk about what pain points your product solves, and then that's what's going to put you on the radar of these Amazon AI things. And so in that sense, I don't think a seller's you know, most sellers should be changing their methodology at all because of any of these new things. What are your thoughts on that.?   Kevin Dolan: Yeah Well, I mean, I think it'll first be helpful to talk about what Cosmo is and what Cosmo isn't, because I've been reading a lot of the blog articles, watching the videos and I'm seeing something that tends to happen in tech sometimes, where a word or a technology is being used as a stand-in for some broader movement within the space. I'm seeing a lot of people conflating Cosmo, which is a specific research paper, a specific tool that was built and was tested. It's described very specifically in a scientific paper. Cosmo is this tool, but I think it's being used more broadly to capture a shift into focusing more on semantic search and less on lexical search, which is exactly what I had come on last year to talk about.   Amazon has been working on this for years and years, improving their search algorithm to not rely on a listing creator to actually put a specific keyword in their listing and then find it based on the existence of that keyword in the listing. Instead, try to understand the meaning of a product, how people use it, what people think about the product and all of these kinds of details, so that when somebody types in a search, it can effectively find the product that they're going to want to buy. That is a shift that's been happening for years. That predates transformer models, but we have started to see for sure an increased ability to actually do these things on Amazon. I think that what you're saying is correct. You know the best practices and what sellers should be doing with their listings hasn't changed. But that really depends on what they were doing, whether they were following the best practices to begin with. You know like you said, if they were keyword stuffing trying to find as many keywords as people might type into a search box and stuff it into their listing in as literal a fashion as possible to make Sammy-looking listings that cover as much search volume as possible yeah, that's a bad practice, and as we move into a more semantically focused search world, that becomes an even worse practice. Semantically focused search world that becomes an even worse practice.   What it also tells us is that some of the efforts that are required today to create listings that do involve inserting specific keywords and things like that. You may be able to shift your focus to what would actually be more helpful to customers, which is accurately describing your product, accurately describing how your product will be used and targeting specific customers and specific pain points. The more specific you are and the clearer and more accurate you are, amazon wants you to be in front of the customers who want to buy your product. So that's always going to be a good practice and that's ultimately what Amazon is trying to do when they're doing these types of experiments.   Now the Cosmo paper is interesting. The Cosmo paper was tested on a really large chunk of Amazon traffic using a very heavy, large language model. Compared to prior research, which does tell us that Amazon has made investments in the server capabilities to be able to run these models in production and keep searches within their tight latency expectations, so that, I would say, is certainly significant, it tells us that Amazon does have the hardware capacities to run some of these more advanced models and it tells us that we are going to see an increased focus on semantic search. I think that does affect consumer behaviors, it does affect the way that we rank for keywords, but what it doesn't affect is that best practice of describing your products accurately.   Bradley Sutton: Based on those scientific documents. What are some of the things where, again, just because it's in the science document doesn't mean that it's going to be implemented. But, you know, based on the results and sometimes you can kind of tell like, wow, this one had some pretty amazing results, so it's probably for sure going to be implemented. Can you talk a little bit more about the kind of things that maybe you've seen already implemented or you think will be based on all you know? Again, nobody has read more Amazon science documents than Kevin here. So what would you predict as far as the future, the next year or so?   Kevin Dolan: I mean, Cosmo is a specific tool and I think that the function that it performs is valuable to enhancing Amazon's understanding of a listing. So I certainly would not be surprised to see Amazon implementing this in a production capacity on a large swath of searches. That would not be surprising to me, but it's not as massive as the shift that we've seen into semantic focused search. Cosmo in particular discusses essentially a mechanism for enhancing Amazon's understanding of a product by taking into consideration things that aren't expressed in the query and things that aren't expressed in the listing. The example that they use in the paper, the canonical example, is if you're looking for shoes for pregnant women, a listing might not literally say shoes for pregnant women. It might produce a specific type of open-toed shoe that has good support, good comfort. That might not literally be listed as a keyword in the listing, but it might be something that the system can infer based on its knowledge of the universe, about what it's like to be a pregnant woman and the types of products that they might benefit from.   Cosmo is essentially a mechanism for enhancing listings with additional information to get closer to the user's intent based on a particular search.   If you zoom out and you look at the broader task of semantic search. That's always been the focus. The goal is something might not be said in the same language in a query as it might be when it's written in a listing, when it's answered in a question or when it's written in a review be when it's written in a listing, when it's answered in a question or when it's written in a review, and so the domain of language that's used for these two different ways of expressing thought aren't the same, and so we need to create algorithms that better understand what a user actually means when they type in a search, and what a product actually does and what functions it performs. This idea of understanding deep intent and the actual composition of a product is essentially the goal, and we are seeing for sure that Amazon is making these changes. We're seeing more results come back for listings that do not literally have the keywords typed into search and better match what is a user's real intent on shopping.   Bradley Sutton: But for it to learn that something is a good shoe for pregnant women, it basically would have to have some context, like maybe the reviews. Like somebody said, oh, I was in the second trimester and this was great. It's not going to pull that out of nothing unless, no, I was going to say maybe it knows that. Like, maybe somehow it knows the customer is pregnant and then, without even a review, it's a wow. We see an abnormally large number of pregnant women who are buying this. But I don't, I don't know. I mean, I think I big dad.   Kevin Dolan: I could tell you that, Cosmo, the paper itself does. You're talking about what's usually called avatar personalization, based on your purchase history. I know some things about you. I can kind of put you in this category of person, and I know that these types of people tend to buy these types of products. The Cosmo paper doesn't actually explicitly discuss testing avatar personalization. Doesn't actually explicitly discuss testing avatar personalization. What it does talk about is using recent Search Queries to better contextualize later Search Queries. So like, for example, if I'm searching for camping gear and then I search for mattress after that, there's a good chance that I specifically mean a camping mattress or an inflatable mattress rather than a mattress for a bed in your home that weighs 200 pounds. It can better contextualize a particular search query based on the searches that you've been performing in the recent past.   Avatar personalization is another thing that Amazon is always investigating and we have yet to see any really material evidence that it's been implemented. Almost all of the studies that I've read relating to that type of personalization they talk about the potential of it, but in practice they tend to perform pretty poorly. They either reduce sales or they don't materially impact sales, which is a major problem. They don't materially impact sales, which is a major problem, especially considering that cost of performing that personalization. Amazon does a lot to make sure that the searches that come back are within a very tight latency. They need to come back as quickly as possible and that's very important to the shopping experience. The more personalized search results are, the more expensive those search queries are going to be to run and the longer it's going to take, which materially affects your experience as a purchaser. Yes, hardware is improving. Yes, technologies are improving, but if you can just reuse results, it's always going to be a lot faster than if you compute it on the fly.   Bradley Sutton: But then, still, using the same example, I think, if you knew that, hey, your shoes have good cushioning and you designed it actually for pregnant women to be able to use, the best practice still is to put that keyboard in your listing for day one, so that at least you have a. You know, you don't have to wait for the AI to learn based on activity, you know. But then, if it's not something that's readily like, maybe you had no idea that people were using your shoes for gifts for people who are pregnant, like, maybe you had no idea. That's where, like, I think Cosmo, Rufus and stuff is going to help to uncover these sub-niches of people who are getting your product. But again, at the end of the day, this scenario, I don't think there's anything different that the seller needs to do as far as with their listing that we haven't already said. Now, at the same time, maybe they learn. I think this is going to open up some new potentials down the road. Like, let's say, Helium 10 starts seeing what the common Rufus things are being said about the product or what's the common queries. Maybe Amazon will make that available for sellers through some API that says, hey, this persona is buying your product.   Well, maybe I would go into my listing and change one of my images to show a pregnant person walking around with these shoes. But again, that's what you should have been doing for years. You know, like when you read your reviews and you notice like I used to sell this or I still do sell this egg tray, and I was reading the reviews one day and people were using this egg tray, this wooden egg tray, to as a serving platter for like sushi and also these chocolates, because you know the holes for an egg tray is very similar I was like I never would have thought that so in that situation, who knows, maybe Rufus would have seen the reviews and saw these images and now, all of a sudden, even though I don't have chocolates or sushi in my egg tray listing, I would be searchable for those keywords. But again, as soon as I would have seen that review or known that people are using my product in a way and this is what I did years before AI. You know cause this was years ago that I did this I went in and I did a reef photo shoot showing other use cases of it and I did one image, or like a quadrant of four images that showed somebody putting sushi in it, somebody putting chocolate in it, somebody putting this and that's, and then I put it in my listing too.   So, I was like I didn't want to wait for Amazon to hopefully index me for these keywords. So again, I just go back to the point that what Amazon is doing is not really making things where sellers are going to have to do something completely different, but they they're helping maybe the sellers who haven't been doing the best practices to get indexed for keywords that maybe they weren't smart enough to put in their listing. Yeah, I mean, I think so.   Kevin Dolan:            What you're ultimately seeing with Cosmo is taking information from Amazon's entire catalog, which includes billions of products, billions of product listings, billions of questions, billions of answers, billions of reviews.   There's a lot of information contained in all of that data, which starts to build a picture of how the universe works, and so, in a sense, you could think of it as Amazon using the information it's learned from existing listings to enhance all listings and build a more comprehensive picture of their catalog.   I totally agree with you that it doesn't change the best practices, and still, I would say it's now even more critical that you are taking into consideration the use cases for your products, the people who might be using it, and accurately describe these in your listings. I think that that is still absolutely the best way to rank for products. I think what it does is it shifts focus from some of those old school techniques that we were probably recommending 10 years ago. It's no longer necessary for you to enumerate all possible customers of a product, but instead focus on the key use cases and the key customers to your products, describe these things as accurately and as naturally as possible. It's not required for you to think of all the ways that you could possibly say pregnant woman. Instead, you can just describe the fact that this is useful for a person who is pregnant.   Bradley Sutton: Outside of Cosmo, Rufus. Obviously, they announced a lot of things at Amazon Accelerate, like Amelia for Amazon sellers. Any comments on other things that Amazon have been working on the AI front? Yeah, I mean I would say Amelia is Amazon sellers. Any comments on other things that Amazon have been working on the AI front.?   0:36:59 - Speaker 2 Yeah, I mean I would say Amelia is certainly interesting. Amelia is Amazon's internal chatbot for Seller Central. You know, I've yet to play with it. I've yet to see anybody who's actually had access to it, so I think it's just an early announcement. Maybe some limited people have access, but I would imagine it's going to undergo the hype cycle that we see for most chatbots, including Rufus. There's going to be a lot of excitement. The initial version will be pretty terrible. It will slowly get better over time.   The question is whether it will continue to receive enough investment to make it into a chatbot product that is useful for people, and whether chat is as natural an interface.   As you know, Seller Central is in and of itself. You know, I think we've spent a lot of time over the past 30, 40 years developing software interaction paradigms, so we have a good idea of what is easy to use software. There is potential that we could be using these more chat oriented interfaces to get to our vague intents that we have in our head a little bit more quickly, but we haven't really proven that out yet, and so I would say Amelia has a very similar potential to Rufus in that it's something that I believe could be useful if it is properly invested in, but the jury's still out on whether or not it's going to be a material impacting to people's workflow as you start to get access to it. I do recommend that sellers give it a try, just like with any of these tools see if it's useful for their workflows, but I'm not really holding my breath on it being revolutionary.   Bradley Sutton: A lot of the recommendations that Amazon gives in Seller Central is. I think a lot of sellers have learned to just ignore them because they're not exactly that useful.   And then. So, if this is, it's like putting lipstick on a pig, you know like sure you could put the AI word up, but if it's being based on something that you don't trust in the first place, you know, might be a little bit of time before we can implement it, but I think that Amazon is definitely moving in the right direction and that Amelia has nothing to do with the customer. You know, like we always say, Amazon is all about the customer, which is true, but I think that's just in itself is a step in the right direction, that, hey, Amazon is doing things that are going to try and help the seller, and that's a trend I've been seeing over the last few years. I think it's a very nice step in the right direction.   Kevin Dolan: On that front, we've definitely been seeing Amazon release features in Seller Central using AI that are more seller oriented, that help sellers to understand their products. They've released their own features for review analysis, which does get some basic, surface level summary statistics that could be helpful for people. I think Amazon is making investments there. However, they're always going to be a little bit step removed from the customer. They're always, at the end of the day, competing with sellers to some degree. There are certain things that they can do, certain things that they're limited on in terms of where their interests lie versus where the sellers lie, and so that's where tools like Helium 10 become much more valuable to customers, and so I do recommend that you look at the full suite of tools that you have available to you, because there's going to be things that Amazon will implement and there's going to be things that they're going to be hesitant to implement, for whatever reason.   Bradley Sutton: All right. Well, Kevin, thank you so much for riffing on this with me. It's something I'm passionate about because I'm all about. I'm not like Amazon, I'm all about the sellers, not about the customers, and so anything that affects sellers or you, you know, if there's going to be some big inherent change in the way that sellers need to do things, then I get very passionate about it. And especially when I hear I don't want to, you know, use the word misinformation, you know out there, but almost like scare tactics or just clickbaity stuff, which I just did in this very podcast with the title of it but with at least, if you're in a clickbait, at least let people know that what the real situation is, because I don't want I've had so many sellers come up to me because of just hearing things where it's like, oh, my goodness, I've got to change everything I'm doing for my keyword research.   I've got to change everything I'm doing for my listing optimization. And right now, the fact of the matter is, no, I'm still doing the exact same things I did last year. There are some slightly different things because there's new rules at Amazon of what you can and can't do and of course, I've switched, but as far as the way I make my listings and I structure it and how I do my keyword research. Not one iota different am I doing it now, and I have had the exact same success with getting to page one on all my main keywords and getting sales for the keywords I think I'm relevant for.   And so I think that's just important to know, guys, that as AI evolves, I'm sure I'm positive there's going to be new things that we might have to do as sellers and stay tuned. We'll let you know what those are, but right now, as long as you've been paying attention to our tutorials the last few years, you're not having to do anything different, in my opinion. So, anyways, thanks, Kevin, let's definitely bring you on in 2025. And you know, who knows, maybe AI will be we'll be driving all of our cars and we're driving like the Jetsons or something. I don't know what's. What's going to happen, but we're going to find out with you next year.   Kevin Dolan: Super excited. Thanks for having me.  

Better Advertising with BetterAMS
Optimizing Your Amazon Ads with Data Insights

Better Advertising with BetterAMS

Play Episode Listen Later Aug 22, 2024 35:04


Episode #051 - In this episode of the Better Advertising with Better Media, Destaney sits down with Julian Fenn, an e-commerce expert with a deep background in Amazon strategy and data-driven decision-making. Julian shares his insights on the importance of setting clear success metrics and how data can be a powerful tool in driving growth. He highlights the challenges brands face when managing multiple product categories on Amazon and offers practical advice on when to build in-house capabilities versus relying on external agencies or SaaS tools.A key takeaway from the episode is Julian's emphasis on the need for expertise in navigating Amazon's complex ecosystem. He notes that while tools like PacVue can be incredibly powerful, they require a deep understanding of Amazon advertising to be truly effective. Julian also discusses the future of Amazon Marketing Cloud (AMC) and how it can provide deeper insights into customer behavior and advertising performance, helping brands make more informed decisions.Throughout the conversation, Julian and Destaney explore the overall landscape of e-commerce, touching on the rise of new competitors like Temu and Shein and what these changes mean for established brands. Julian expresses excitement about the potential of AMC to unlock new levels of performance and data integration, while also cautioning brands to be strategic about their investments in both upper and lower funnel marketing efforts.Key Points Mentioned:Importance of Expertise: Understanding Amazon's advertising ecosystem is crucial for making the most of tools like PacVue.Data-Driven Decisions: Setting clear metrics and goals is essential for leveraging data to drive e-commerce growth.In-House vs. Outsourcing: Julian discusses when it's beneficial to manage e-commerce efforts internally versus partnering with agencies or using SaaS tools.Future of AMC: Amazon Marketing Cloud offers powerful insights into customer behavior and ad performance, helping brands optimize their strategies.Impact of New Competitors: The entry of brands like Temu and Shein is changing the e-commerce landscape, requiring established brands to adapt their strategies.Interested in discussing how to optimize your Amazon strategy? ⬇️https://www.btrmedia.com/getting-started/work-with-btrmedia

Serious Sellers Podcast: Learn How To Sell On Amazon
Helium 10 Buzz 7/19/24: Amazon Prime Day 2024 Recap | New Helium 10 Keyword Tracker

Serious Sellers Podcast: Learn How To Sell On Amazon

Play Episode Listen Later Jul 19, 2024 16:45


We're back with another episode of the Weekly Buzz with Helium 10's Chief Brand Evangelist, Bradley Sutton. Every week, we cover the latest breaking news in the Amazon, Walmart, and E-commerce space, talk about Helium 10's newest features, and provide a training tip for the week for serious sellers of any level. Amazon Prime Day drives U.S. online sales to record $14.2 billion https://www.cnbc.com/2024/07/18/amazon-prime-day-us-online-sales-climb-to-record-14point2-billion.html Shoppers spent $14.2 billion during Amazon's Prime Day: Here's what they bought https://www.usatoday.com/story/money/shopping/2024/07/18/amazon-prime-day-sales-record-14-billion/74457292007/ Prime Day 2024 drives record sales for overall US ecommerce https://www.digitalcommerce360.com/article/amazon-prime-day-sales/ Here's some numbers that caught our eye when we looked at Pacvue data from Prime Day so far https://www.linkedin.com/posts/melissaburdick_amazonprimeday2024-primeday2024-activity-7219460602312708096-Tmdu/?utm_source=share&utm_medium=member_desktop Amazon Prime Day 2024 is officially over, and once again, broke records. Adobe Analytics' initial data shows that spending surpassed forecast, totaling $14.2B over two days. https://www.linkedin.com/posts/pacvue_primeday-pacvue-commerceacceleration-activity-7219815051182919681-KIZw/?utm_source=share&utm_medium=member_desktop Don't miss the introduction of the upcoming live monthly Freedom Ticket webinar on advanced branding techniques with guest expert Emma Schermer Tamir. Plus, get a sneak peek at new Helium 10 features, including the Adtomic Dayparting feature for Walmart advertising and an updated Keyword Tracker tool with enhanced functionalities. Lastly, discover how to effectively utilize the sales and traffic conversion tool to improve your e-commerce performance, and hear personal insights on tracking crucial metrics and making strategic adjustments throughout the year. Tune in next week for more invaluable tips and insights! In this episode of the Weekly Buzz by Helium 10, Bradley covers: 01:01 - Prime Day Stats 04:13 - More Prime Day 07:09 - Community's Prime Day 09:07 - Freedom Ticket Webinar July 10:00 - Helium 10 New Feature Alerts 14:56 - Pro Training Tip: Amazon Business Reports Inside Helium 10

Serious Sellers Podcast: Learn How To Sell On Amazon
Helium 10 Buzz 6/21/24: Amazon AI Updates | New Walmart Video Tool | SQP Updates

Serious Sellers Podcast: Learn How To Sell On Amazon

Play Episode Listen Later Jun 21, 2024 19:18


We're back with another episode of the Weekly Buzz with Helium 10's Chief Brand Evangelist, Bradley Sutton. Every week, we cover the latest breaking news in the Amazon, Walmart, and E-commerce space, talk about Helium 10's newest features, and provide a training tip for the week for serious sellers of any level. Amazon's new AI-powered tools https://www.aboutamazon.com/news/innovation-at-amazon/amazon-ads-image-generator-adds-aspect-ratio-capability https://www.aboutamazon.eu/news/empowering-small-business/amazon-announces-expansion-of-generative-ai-listing-tools-to-sellers-across-europe Amazon Ditching Air Pillows https://www.cnbc.com/2024/06/20/amazon-plastic-air-pillows-to-be-replaced-with-paper-filler.html Imagine saving thousands annually on fulfillment costs by optimizing product dimensions. We explore the financial benefits of Helium 10's size tier optimization feature and how reducing an item's length by just one inch can lead to significant savings. Additionally, learn how Helium 10's Listing Analyzer and media comparison tools can give you an edge over competitors by enhancing product listings. With actionable insights and practical examples, this episode is packed with strategies to help you stay ahead in the e-commerce landscape. Tune in for all these valuable strategies and stay ahead in the e-commerce game! In this episode of the Weekly Buzz by Helium 10, Bradley covers: 00:45 - Amazon AI Power Tools 02:27 - Expansion of AI Tools in Europe 03:34 - Walmart+ Week 04:28 - Walmart Connect Video Module 05:22 - Amazon Air Pillows 06:35 - Affiliate Marketing Example 08:42 - SQP + BTP Updates 12:22 - Follow Serious Sellers Podcast 13:18 - New Feature Alert 16:34 - Training: Listing Analyzer ► Instagram: instagram.com/serioussellerspodcast ► Free Amazon Seller Chrome Extension: https://h10.me/extension ► Sign Up For Helium 10: https://h10.me/signup  (Use SSP10 To Save 10% For Life) ► Learn How To Sell on Amazon: https://h10.me/ft ► Watch The Podcasts On Youtube: youtube.com/@Helium10/videos Transcript Bradley Sutton: AI tool expansion from Amazon, a Walmart new video feature, recap of new features in search, career performance and brand tailored promotions this and more on this week's weekly buzz. How cool is that? Pretty cool, I think. Hello everybody, and welcome to another episode of the Serious Sellers podcast by Helium 10. I'm your host, Bradley Sutton, and this is the show that is our Helium 10 weekly buzz, where we give you a rundown of all the new stories that's going on in the Amazon, Walmart, e-commerce world. We give you training tips of the week and we also let you know what new Helium 10 features were released. That'll give you serious strategies for serious sellers of any level in the e-commerce world. Let's see what's buzzing Just a couple of news articles of the day, so let's go ahead and hop right in it. Bradley Sutton: The very first one is from Amazon. It's entitled Amazon's new AI powered tools help advertisers easily create engaging and vibrant images. All right, so this is, you know, been out for quite a while now in in sponsored ads how you can upload an image and then create different backgrounds for that image. And now there's a couple of new features. First of all, this kind of cool, this article that we have linked to, probably down below in the comments has some quotes from our very own Melissa, right here from Pacvue, and you know she talks a little bit about it. Now, one thing that's interesting is or a couple of things that I noticed new that they're releasing is, first of all, that I noticed. New that they're releasing is, first of all, instead of you just having to do the prompt in order to let Amazon's AI know what to do for the background, it's gonna start scanning your listing and maybe kind of add some of its own flavor, even without you having to specify every single thing. The other new thing is that you're now able, through Amazon's AI image generation, to do it in different formats. You know like not just one exact. You know 10, 80 by 720 or whatever the heck it is Right. But you can do different formats because obviously there's different ad types, different image sizes for different use cases inside of seller central for ads or other things. Now, obviously, if you've been using Helium 10, or you've been using it or not, you hopefully know that you have access to not only this image generator but also, in Listing, builder is another image generator that you can create images for Amazon post sizes, for different A plus content modules, et cetera. So a lot of new AI stuff that, um, you know can definitely help you from Amazon. Bradley Sutton: Speaking of AI from Amazon, one more update about this topic. Another article here is entitled Amazon announces expansion of generative AI listing tools to sellers across Europe. So you know, months and months ago, we reported how, in Amazon USA, there's like a listing content builder that they had and some other things that have been released to Amazon USA. But now, as of a few weeks ago and through today, they're fully announced or fully launched in France, Germany, Italy, Spain and the United Kingdom for those AI listing building tools, amongst some other things. For those AI listing building tools, amongst some other things. Now, you know, the last time I used it, it's not as intuitive, maybe, as you need to really make a great listing because it's not going to include all of your main keywords that you're going to need. But it's a good way to kind of like see, hey, what does Amazon think is important for your listing to have? But to really make your listing, still definitely use the Helium 10 Listing Builder. Make sure you're using all of the keywords in your listing. But now some of those AI features that we, as US sellers have had for a while now it is available in Amazon Europe. Bradley Sutton: Next article not really an article, but just a reminder from Walmart. It's kind of like their version of Prime Day this week. All right, so that has been from June 17th and it's going to go for a couple more days. Walmart+ Week is what it's called, and so I'm just curious have you checked your Walmart sales, those of you selling on Walmart? What kind of bump did you see? And it did your Amazon sales? Maybe those of you who sell on Walmart and Amazon, did you see? Maybe Amazon get a little bit of a bump? I'm also wondering how did you manage now that Walmart+ week is in a different week than prime day? Um, you know, if your listings are tied together, you can't really discount on one site and not on the other. So those of you who did deals on Walmart+, did you go ahead and do those same deals on Amazon? Just curious as to what some of your strategies were. Let me know in the comments below. Bradley Sutton: Another announcement that actually comes from Walmart. This is an email that went out to Walmart sellers. Take a look here. It says Walmart Connect is pleased to announce the launch of a video module, an item and module reordering for brand shop via shop builder. All right. So it says here bring your brand to life like never before. Use the new video module to create an engaging narrative about your brand and educate customers on your unique offering. So there's a couple more things that they announced, but this is you know it's. It's a lot of stuff that you know maybe we take for granted on Amazon, but Walmart hasn't had these kind of things like being able to put videos on your brand page. I mean, Walmart hasn't even had a brand page for that long. So a lot of cool things coming to Walmart that you're probably used to on Amazon, but now hopefully that'll help you get a little bit more, maybe some better conversion, maybe some more sales on the Walmart platform. Bradley Sutton: Next news article is from CNBC and it's entitled Amazon is ditching the plastic air pillows in its boxes. How many of you have gotten Amazon packages or maybe even gotten samples of your own shipments and maybe Amazon used like a big box and it had those like bags filled with air, right, airbags, I guess you can maybe call it. They call it air pillows right here in this article. But that is going away, all right, because they want to use 15 billion fewer plastic pillows annually, and now they're going to be adding paper fillers that are made from recyclable materials. All right. Now, from a customer standpoint, what I'm worried about is, depending on what this, this paper fillers is, is. If it's what I think it is, it's like those stuff that almost looks like comes from a shredder. I'm just worried it's going to be like that and then customers are going to complain that all this stuff got all over their packaging and all over their house and it's a little bit messy. You know, those air bubbles, just like you know, explode it and for a bad or worse experience for the unboxing part of it Does it make a big mess. You know, might, might be worth looking into. Hopefully not. Bradley Sutton: Next article is not really an article, or it was an article. It's by in style, but I brought it up to kind of like show an example of what happens because of affiliate marketers out there for Amazon. So this is actually something that just came up in the news and it really uh. You know, sometimes when I, when I'm looking for e-commerce news, I type in just regular keywords like Amazon and stuff, and this has nothing to do with e-commerce sellers, but it's something that got a lot of views. All right, this is an article by in style and it's entitled Priyanka Chopra just unlocked my new go-to airport outfit and it's $15 at Amazon. Bradley Sutton: All right, so this is a person who just made this article, you know, a couple days ago, and then you know she doesn't know this actress, right, but she just like saw, she just took an image from this actress's Instagram, put it on here, and then what she did was she found different sets from Amazon and other websites that look like what this actress was wearing, and then the links I noticed here were like Amazon affiliate links. Now, the one that was $15, I went to that listing here on Amazon. All right, so this is a. It says B T, f, B M woman's pajama set. Right Now, take a look before the article came out yesterday or two days ago now, on this on the 19th, this pajama set or whatever the heck it is, um, had a BSR of 453,000. All right, now this article comes out on the 20th yesterday and the BSR goes from 450,000 down to 6,000. I think you can probably see that that's a big sales increase. Bradley Sutton: So, again, a cool strategy for you is. You know, can you make your own article. That gets picked up. You know, the show starts showing up in news. Can you get your products? You know, somehow that come out in some of these blogs and articles and it could drive tons and tons of traffic to your list. I thought that was just a cool example of something that literally was just released yesterday, and then you can see the effect that something like that has on an Amazon listing A couple of things that actually were released like a month, two months ago. But when I look on LinkedIn and other places, I don't see too many people who know about it, and a couple of people I talked to like hey, did you know that brand analytics and brand seller promotions has this and that? And they said no. So I wanted to just go ahead and highlight, even though it's not like brand new news. Like I said, this was probably released a month ago. But just a reminder to check those of you who have brand registry go into your search query performance and then go into your monthly view at the brand level. You know, choose a month. You know, maybe choose May. That's the most recent month. And now, when you go all the way over to the right hand side and you hit the generate download button over here you are going to get some new options that maybe you haven't seen. So the ones you've seen before is simple view, comprehensive view, but now you've got a couple other reports here that maybe you knew about these. If you did, great. If not, go ahead and check it out. One is called Amazon's Choice Badge Data. All right, so it's going to show you, hey, how did your catalog performance go when you had an Amazon's Choice Badge, as opposed to when you didn't have it? The other one is Search funnel outliers data and it says search funnel metrics that include your top and bottom performing queries or outliers, and this allows you to focus on specific search query performance without the need to review thousands of queries. This data is only available at the monthly reporting range, so go ahead and take a look at your search query performance at the monthly level and at the brand level If you have not taken a look at this before. Bradley Sutton: Another thing that was launched a couple months ago or about a month ago that I don't see too many people talking about. You know we talked months and months ago about brand tailored promotions, and now there's a few new audiences that are available in brand tailored promotion, the ones that there's a few here that you know Amazon has had for forever right, or at least since it launched. I forgot if it was like late last year or early this year, but you know you've got your at risk audience, which is customers who haven't purchased recently nor frequently, with varied spend. You've got what I think is one of the one of most powerful ones here the brand cart abandoners. You know people who added your product to the cart but didn't actually purchase. You've got your brand followers here, but now you know there there's some other ones here that maybe you haven't seen, depending on the last time you check this, but you're able to make. Remember, the whole point of this page is you're able to make special promotions that go directly to these audiences. Bradley Sutton: So one is declining, promising All right. You ever heard of that one. It says customers from your brand's promising audience who are predicted to spend less with your brand in the next year. Uh, declining top tier. This is customers from your brand's top tier audience who are predicted to spend less. You've got your high spend customers. That's always been there. You've got potential new customers. What is that made of? It says customers who have clicked on your brand or your storefront or products, added products to their cart but have not purchased from your brand in the last year. Okay, so they never even purchased from you. You've got promising. All right, these are customers who purchased recently. They buy occasionally and they spend above average. All right, they've you've got recent customers. This is just a five percent sampling of your brand's customers. You search group performance. Those of you who are brand registered, go in there, take a look, play around some of these things. Maybe there's some potential for you to make some more sales, either by looking at some different data points or by targeting a new group of buyers. Bradley Sutton: I just wanted to show you, if you're watching this on YouTube guys, you know maybe getting this a little bit late this version of the news, the news, always comes first, as well as all of our podcasts. It comes out first on your podcast player. So if you have an iPhone, go into the Apple podcast app right now. All right, and those of you who are already following, just scroll down a little bit and pass the first few episodes. You'll see this. Ratings and reviews Do me a solid. Why don't you go ahead and give a rating, and if you're listening to this on the podcast already, you're on the Apple podcast player hit this ratings and review, and make sure to go ahead and leave a review right here by clicking on that. Just hit the tap to rate and then put the stars that you like. I would really appreciate it. Now, if you have Spotify, it's actually the same exact thing. Just type in serious sellers podcast, make sure to hit the follow button and then you'll be subscribed. You'll be the first to get these news each week. All right, that's it for the news this week. Bradley Sutton: Now we're going to hop into the Helium 10 new feature alerts, and it is a doozy, guys. This is pretty cool. I guarantee that none of you even knew we had this. Maybe a couple of you might've seen it in your alerts, but basically, this is something that could save you tons and tons of money. So it's called the the size tier optimization suggestion. I think it's going to be called. But basically, what you guys want to do, I want everybody who's got Helium 10, go into your dashboard and then go to your alerts page and then look if you have a message that says products with size tier optimization suggestions and then hit this button with the number. Basically, in a nutshell, what this is is if you have a box or a package in your entire catalog that is super close to like, maybe going from one size tier to the next, like if you could just take away a half inch or an inch and then you go from large standard size to standard size or something like that. We're going to give you a notification because a lot of you might not realize you're right on the border and maybe you can go ahead and shave like a half inch on your box, your next production run. Bradley Sutton: Let me just illustrate how much money this could make you. All right, this is one of my Project 5k account. So I'm going to go ahead and click on this number three because it says I have three products. That has size to your optimization. So when I hit that it takes me to those products and then I put my mouse over this information. You can see, look at this. It says we've identified an opportunity to optimize your fulfillment costs. If you reduce the length by one inch, you could go from large bulky to large standard size, likely decreasing the FBA fulfillment costs from 1075 to $7 per unit. Guys, my computer, like mine, tells me that that is $3.75 difference if I just take one inch off of one side of my product. Now let's just say that, uh, actually I know what, what, what this product is. This product sells an average of about five units a day, all right, so it's not like a top seller, but that's five, five units a day for the entire year. So let's, let's just take five units a day and times that by $3.75. Okay, that's $18.75 a day extra I could be getting or less in fees right Now we times that by 365. Bradley Sutton: This one alert guys that Helium 10 just gave me, if I actually act on it and obviously if I am able to shave an inch off $7,000 for the year, is that a valuable enough alert for you guys? And this is an item that only sells five? This is not one of my top sellers, obviously, right? What if you guys, if this was your item and you sold 25 units a day, all right, instead of five, that means that this alert potentially just made you $35,000. Are you guys rushing to your alerts page yet? I hope so. So again, go to your alerts page. Take a look at the top left. Does it say, products with size tier optimization suggestion. If so, take a look. You can't always shave an inch off of your package. Sometimes you can, sometimes you can't, but I think you'd agree with me it's definitely worth a look. Bradley Sutton: All right, now let's go to our Helium 10 training tip of the week, something that will give you serious strategies for serious sellers. Let's say you're looking at X-Ray at your niche and you just want to kind of like really get a quick look at what's going on with the top competitors, because you're about to launch a new product I'm about to launch this new egg rack, or I am did launch this egg rack this week as a test on project X. And so, like I'm here in the Amazon search results and you guys maybe have selected different ASINs here. And what do you normally do when you select ASINs from X-Ray? You probably hit the run Cerebro button to go check on their keywords. That's great and all, but did you notice, right next to the run Cerebro button is a run listing analyzer button. So let me show you how this can be useful. So maybe let's just say these are all my direct competitors, these stackable egg racks. Bradley Sutton: Once I hit run with listing analyzer, it's going to take me to the listing analyzer tool and of course here in the middle I can see just some general stats about these other products and check their listing quality score and see you know who's ranking for the most important keywords and stuff like that. But there's a hidden button here that a lot of you do not look at. Now this is for those of you with a diamond plan, but it is called the media comparison button. So once you hit media comparison it takes you to a page where it shows all of the images that are in all of your competitors listings in a nice little format that you can download as a PDF. And first of all, I'm just going to look at this and see do I see common themes? This is this is nothing new. This strategy we've been talking about for years comes from Tomer Rabinovich. Shout out to Tomer. But it's like you should be looking at your competitors' images to see what common themes are working Like. Bradley Sutton: For example, I noticed that so many of these showed the stackability right. It showed how you put different egg racks and stack them up together. I see four out of the five. They've got human models in their listing. But basically you use this and kind of work, your photo shoot strategy, if you're using like a photography studio or maybe just somebody who's going to do 3D design or something like that just go ahead and print this, export this as a PDF and then now you've got all these images right here on one page instead of, you know, like trying to print off you know seven, eight different Amazon listings and then, you know, trying to coordinate that way with PowerPoint or something like that with your graphic designer. Bradley Sutton: So really cool tool that I think a lot of people are sleeping on right here in Listing Analyzer. But you can import listings directly from Xray in your Chrome extensions so that you can hit that media comparison button. All right, guys. That's it for the news this week. Thank you so much for tuning in. We'll see you next week to see what's buzzing.

Serious Sellers Podcast: Learn How To Sell On Amazon
#563 - Amazon PPC Bid Management and Dayparting Tips

Serious Sellers Podcast: Learn How To Sell On Amazon

Play Episode Listen Later May 21, 2024 30:24


Is the Amazon marketplace's tide too strong, or can new and seasoned sellers still navigate the choppy waters of Amazon PPC to find success? Join Shivali Patel, along with Matthew FitzMaurice from Pacvue, as we chart a course through the intimidating yet rewarding seas of Amazon advertising. This TACoS Tuesday, we're not just talking shop; we're equipping you with a compass and map to master keyword research, manage bids with precision, and understand the rhythms of dayparting that keep your budget afloat and your goals in sight. Amazon's landscape is dominated by PPC, but that doesn't mean getting organic sales from your campaigns is a lost cause. We share a lot of tactics for enhancing retail-ready content and fine-tuning your bids to catch the eye of shoppers sailing by. Learn how to stay vigilant on the metrics that matter—CPC, impressions, and click-through rates—while also steering the helm of your PPC campaigns with the discerning eye of a captain deciding when to lower sails (daily budgets) or adjust course (bids). Our discussion also offers insights into managing the choppy waters of high-cost keywords and understanding when it's time to make a strategic retreat. Our final topic dives into using Amazon advertising to claim your market share. We uncover the secrets of sponsored product placements, brands, and display campaigns, aided by the navigational tools of Helium 10's Adtomic and Pacvue. Whether you're launching a new product flotilla or reinforcing the fleet of established offerings, we're here to help you sail smoothly through budget considerations, historical data analysis, and the essential practice of continuous testing. All hands on deck—this episode is a voyage to the heart of Amazon advertising success. In episode 563 of the Serious Sellers Podcast, Shivali and Matthew discuss: 00:00 - Amazon PPC Q&A and Ad Strategies 05:53 - Optimizing Keyword Campaign Performance 06:57 - Strategies for Boosting Organic Sales 11:37 - Optimizing High-Cost Keywords in Campaigns 14:09 - Optimizing Keywords for Market Share 16:41 - Keyword Performance Evaluation and Decisions 17:01 - Optimizing Amazon Advertising Performance 18:59 - Analyzing Sponsored Product and Display Performance 20:16 - Optimizing Sponsored Display Campaigns for Success 23:35 - Optimizing Keyword Campaigns for Efficiency 25:53 - Maximizing Amazon Campaign Performance 28:19 - Automations in Advertising Platforms ► Instagram: instagram.com/serioussellerspodcast ► Free Amazon Seller Chrome Extension: https://h10.me/extension ► Sign Up For Helium 10: https://h10.me/signup  (Use SSP10 To Save 10% For Life) ► Learn How To Sell on Amazon: https://h10.me/ft ► Watch The Podcasts On YouTube: youtube.com/@Helium10/videos Transcript Shivali Patel: Today, on TACoS Tuesday, we answer all of your PPC questions live, while also discussing the nooks and crannies of bid management, day partying, different ad types and so much more. Bradley Sutton: How cool is that? Pretty cool, I think. If you're like me, maybe you were intimidated about learning how to do Amazon PPC, or maybe you think you just don't have the hours and hours that it takes to download and sort through all of those sponsored ads reports that Amazon produces for you. Adtomic for me allowed me to learn PPC for the first time, and now I'm managing over 150 PPC campaigns across all of my accounts in only two hours a week. Find out how Adtomic can help you level up your PPC game. Visit h10.me/adtomic for more information. That's h10.me/adtomic. Hello everybody and welcome to another episode of the Serious Sellers Podcast by Helium 10. I'm your host, Bradley Sutton, and this is the show that's completely BS-free, unscripted and unrehearsed organic conversation about serious strategies for serious sellers of any level in the e-commerce world. And this episode is our monthly live TACoS Tuesday show, where we talk about anything and everything Amazon, Walmart, PPC and advertising related with different guests, and today's host is going to be Shivali Patel. Shivali, take it away. Shivali Patel: Hello guys, this is Shivali brand evangelist here at Helium 10, and we are back with a TACoS Tuesday episode. You guys are in for a treat. I know you have plenty of advertising questions and we have a special guest expert here to answer those questions for you. So with that, I'm going to go ahead and bring on Matthew, who is here with us to answer your questions. How's it going? Matthew: Good Thanks, how are you? Shivali Patel: Good, good. Thanks so much for jumping in. I know people have plenty of questions to throw your way, so before we really jump into those questions, I want to talk a little bit about you. Do you want to tell us a little bit about your background, what you do here at Pacvue and your, I guess, history with advertising. Matthew: Yeah, yeah, absolutely. Yeah, I'm Matthew Fitzmaurice. It's nice to meet everybody. I initially started in traditional advertising at a local agency in Baltimore where I live, very focused on kind of account management there, had exposure to social campaigns and kind of the traditional out of home. It was interesting. And then I kind of found my way into e-commerce and kind of felt it to be more relatable honestly, just like being on Amazon so much and just kind of interacting with different brands and products on what I felt like was a deeper level. So that's kind of how I got my start in e-com. I've been in e-com in general I guess for probably four years now, specifically managing mostly PPC campaigns kind of at the enterprise level in some form of an agency to client relationship. It's been the majority of it. And then I have loved my time at Pacvue. Leveraging the tech has been fantastic. I think it is absolutely best in the industry. Helium 10 has been a fantastic add-on as well. So it's been awesome, it's been great. Shivali Patel: Amazing. Yeah, I know advertising is really the bread and butter for so many brands and businesses and so being able to understand that or have a really good pulse on it is so important. So I know, because there's so much that goes into the advertising metrics and monitoring that what would you say are some underlying factors that really affect PPC that you want to keep a pulse on? Matthew: Yeah, I think goal setting is huge. I think understanding what you're trying to achieve allows you to set the framework really appropriately for any campaign, for any platform, for any retailer. So I think for me it really comes down to understanding the end goal, and I think contextualizing what those KPIs are tracking towards is also really, really important. Shivali Patel: Now we already have one filing in. We have Kristy asking Hi, I have a product and sell to retail but worry that the Amazon fees will be too expensive. Is it too late to be successful on Amazon? So I would say no, but I want to hear your side of things as well. Matthew: Yeah, no, I totally agree. I don't think it's ever too late, I think, obviously, understanding what those fees are associated with. I know there's a lot that goes into it and fees can get out of hand quickly with Amazon based on packaging, shipping, the list goes on and on. But I would say, do as much research as you can try to understand what those thresholds are and what your capacity is. And I would say, obviously, once you're in Amazon and in the network, the upside is large. So I would say, not too late and definitely give it a try. Shivali Patel: I would definitely agree there. I think it just depends on if you know where to look, and there's certainly plenty of opportunity there. Amazon's growing year over year All right, well, in other news of PPC. So we said it depends on the goals. Right, going back to that conversation, and you're looking at keywords. So how would you say you kind of tackle keyword research for, I guess, a new seller as well as for somebody that you're auditing an account for? Matthew: I think there's a lot of ways you can go about it. I think the way that I always start is kind of in the mind of a shopper how do I look for the product? What are the things that I'm typing into the search bar to say, hey, how do I find this? I think Amazon is being used more and more like a Google or you know being or not that many people use big probably, but probably more like a Google right, where people can search and interact with products and do some almost preliminary research just on Amazon without having to go to Google. So I think, try to stay in the mind of a shopper, kind of as you're getting going and then from there, Helium 10 has some fantastic tools. Magnet is something that I use frequently looking at search volume, looking at competitor ASINs that are on similar terms, things like that to kind of get a feel for the category. Any add on that you can kind of have from the Helium 10 tool, even in the search bar within Amazon, gives you related terms based on search volume. If you're in Seller Central there's SFR, things like that. So I would say, use those tools as much as possible, but try to stay in the mind of a shopper and experiment. You can run auto campaigns and run different reports to generate what kind of new keywords are being pulled. So I mean, the list goes on and on. But to start, I would always say think like a consumer. Shivali Patel: But even on that note, let's say that you see you want to rank for a specific keyword and you're ranking at the bottom of a page, right, and you want to get back up to the top. How would you really go about changing, maybe the campaign that you're looking at? For example, when is a good time to negative match a keyword? Matthew: Yeah, it depends how specific you want to get with your actual campaign, but negative targeting can be really helpful if you want to be very, very laser focused. I personally am a huge fan of exact match keywording. For me, I feel like I have the most control over it. I know exactly where my ad is going to place if, obviously, you win the auction. But for me I definitely will default to the exact match and then from there, I think, understanding what my budget limitation is, leveraging things like day parting and trying to get the most out of every dollar. So that way my ad is serving as efficiently as possible on the right times of the day to kind of get that engagement and then drive up organic rank. Shivali Patel: We have Daniel asking what would be the effective strategy to boost our organic sales for our product. Currently, 60% of their sales come from PPC sales and they want to get their organic sales to improve more than their PPC sales. Matthew: Gotcha, yeah. So this is a common problem. Amazon and a bunch of other marketplaces are becoming increasingly more kind of pay to play, if you will, where the majority of the sales are going to come from, those top four sponsor placements, which makes it competitive, can make it very expensive, and driving that organic sales share up is really important and I think really some of the things that I've done that have been helpful is kind of, you know, adjusting some of the more you know quote unquote retail-esque metrics, making sure your page is retail ready. Having content developed that is bulletproof is as good as you can possibly make it, and then kind of coupling that with that PPC strategy of making sure that your bids are targeted to exactly where you want them to be. If strategy of making sure that your bids are targeted to exactly where you want them to be, if you're casting a really large net, it's difficult to gain that relevancy. So I'd say, be prescriptive where you know you want to be and then from there just track how you're progressing up the page. And then you know always I would say always test. So test things like day parting schedules, test things like different bid multipliers to see what it takes to get out the page and then from there I would just kind of keep iterating and keep making little tweaks and trying to refine that as much as possible. Shivali Patel: Definitely. I think split testing is a large part of it, and then refining that based off what you're learning. What metrics are you really looking at when you're considering day partying and doing all the split testing? Matthew: Yeah, I think again, it kind of depends on the goal. But if the goal is just strictly for organic sales, what I'm looking at is kind of cost. I want to see what those CPCs are. I want to see kind of what the relevance of and kind of try to determine what the right to win is for my product in those particular campaigns and the particular auctions. So looking at CPCs, looking at impressions, looking at clicks, click-through rate, things like that, just to kind of see what that level of engagement is mostly. Shivali Patel: Okay, and I see we have another fantastic question from Joy that says I'd like to know in which case I'd like to lower the daily budget and in which case I should lower the bid. I want to understand the difference in situations when to lower the daily budget and when to lower the bid. Matthew: Sure, yeah, I think a lot of times they go hand in hand. I think if there are strict budget restraints that are preventing you from spending to X amount or a budgeted cut, or you need to pull money from one bucket and put it into another, the budget transition would be the most concrete. I think what happens when you start decreasing bids within a campaign is those bids out over a certain period of time will kind of almost naturalize if that makes sense, where you can have a campaign budget be, this is extreme, but say $15,000, and many of the keywords within one campaign can have lower bids, higher bids, but kind of have room to kind of breathe and almost live and go up and down day to day. I think if there's one-off cases where it's like we need to pause ads, we need to get this off, you know the listings as quickly as possible. Reduce budget, reduce bids, and then that'll pretty much suppress from an advertising standpoint how visible that is. And then I think in terms of when to increase, kind of on the opposite, if you're finding efficiencies and kind of finding where that keyword sweet spot is and what time of the day in particular you have the strongest right to win and when CPCs are reduced a little bit, that can be a really good strategy to kind of minimize the overall cost and make sure that you're getting the most for each click. Shivali Patel: When you're talking about, you know every keyword has different bids, so how do you really determine how many keywords you're putting into a campaign structure? Let's say you're looking at a new account or even an old account. Where would you like to see a cap for certain keywords or ASINs? Matthew: Yeah, I've done a lot of testing around this. Actually I've gone as low as two keywords a bit a campaign. One keyword as high as 50. So, I think it depends. I think when you increase the amount of keywords that are in a campaign you obviously run the risk of people clicking on them and then the cost going up. So I think there's a bunch of different ways to break that out where you can have kind of a priority campaign with your priority keywords. That might be five to 15 of your keywords that you definitely want to be advertising on, that are really important to driving your business. From there you can kind of have a secondary bucket where it's kind of the nice to have so you can kind of keep the bids a bit lower, don't necessarily need to win those placements to be driving the bulk of your sales. And then you can kind of have the expansion type of campaign where there might be more keywords where you're just testing to see the validity, which can maybe move up to the next bucket and then up to the priority bucket if they tend to do well. So it just depends on, kind of, I think, what you're trying to accomplish with each campaign or your overall strategy. But I found that to be really helpful, and kind of understanding those top priority terms I think between five and 15 keywords has been the sweet spot for me. Shivali Patel: Yeah, I think pretty much the same, even for my campaigns. All right we have. When the ACoS of a targeting keyword in a sponsored product campaign is high, how can I determine when to lower the bid or turn off the keyword entirely? Matthew: Yeah, good question, and this is something where it's going to be somewhat category dependent. There are some categories that are just wildly competitive, like vitamins, supplements, things like that, just one that comes to mind. Some of them are naturally going to be high. This is where I would kind of weigh out what that difference is, or kind of what your threshold is, and what I mean by that is basically if your sales are still growing, if your business is still growing and there's a couple keywords that may not be the most efficient. That's kind of the risk reward of like, how far do we push? Are the sales new to brand sales? Are you gaining incremental sales? I know incremental is one of those buzzwords but it is really important when you're considering do I lower a bid? If it's a really high search volume term and you're getting new eyeballs to your page, it might be okay to kind of let that run a little bit below the overall goal. But from there, ensuring that the rest of your campaigns are built out for efficiency and making sure that you're getting those sales and conversions where people are relatively determined to get your brand is going to be equally important in keeping the portfolio ACoS where want it to be so I think, use it as a guardrail. I don't think it's going to be the end-all be-all. I think it's an important part of the overall strategy that you're deploying, but if it's driving your business in the right direction a little bit of a high ACoS is something that could be tolerable, but if it simply is just tanking that campaign and is not driving the sales, then I would say that's probably when to pause. Shivali Patel: I think tolerable is a good word for it, because it does come down to risk tolerance as well as where you are in your seller's journey. I mean, if you're a little bit in the beginning, right, you're going to potentially have higher ACoS because you're still trying to get the clicks and the conversions and you don't necessarily have the social proof there. Matthew: Yeah, with new products too, it's tough to break into that kind of relevance threshold and work your way up the page. And yeah, for new products it's definitely a fine line. But I think just keep testing and keep reducing bids, keep increasing, keep trying to kind of remake how that campaign is structured. Shivali Patel: Definitely. Travis here asks how do you usually find a balanced approach to setting bids for keywords? Is there a happy medium for higher bids that get more exposure versus lower bids that provide a high return on your spend? Matthew: Yeah, I think this kind of goes into the conversation we just had. So a good example for some of the campaigns that I have. I break them out by category and branded and competitor and auto, all single ASIN, all exact match. Just is how I tend to run it. So I think it gives a very, very accurate read of what's happening with each bid. For some of my products that I would say are the big business drivers, I have a much higher tolerance to say. I can live with these bids being higher for this particular product, this particular ASIN and within that campaign there's kind of its own little ecosystem of these three keywords within this campaign drive 80% of my sales for this campaign. Those three I'm okay if the ACoS or ROAS is a little bit down from where I want it to be. In terms of some of those lower flighted ones, some of the longer tail keywords where it's not necessarily the core of the product, or the highest SFR ones. Those ones I'm okay with letting the bid be a bit reduced and those are going to be more of those efficiency finders where people may be putting in something that isn't the first kind of snap ready come to mind term for the particular product. So I tend to skew a little bit higher on the bids for the keywords that I know are driving the bulk of the sales. Shivali Patel: We have a question on how to increase market share further. They run sponsored and sponsored brand ads, product and brand ads. We use 80-20 rule, so is there something you can share on that? Matthew: Yeah, in terms of overall market share, I think it's important to understand how many campaigns that you actually are running. So the 80-20 split I think is very, very fair. It makes a lot of sense. I think sponsored product is going to be the core obviously of the business driving placement, so definitely would skew heavier towards that in terms of the overall market share. I would also take a look at what your competition is doing. Where are they winning kind of? Where aren't you winning? I think there's a lot that can kind of go into some of that exact match keyword. I'm not sure how your keywords are set up, but if it's phrase or broad, it may not be as focused as you want. And I think also when you're talking market share, you can go all the way down to the keyword level, get super specific where, if you're looking at, say, three keywords that drive the majority of your business, those are the ones that would really focus on kind of increasing and even reshifting the overall budget to kind of have, you know, that bigger chunk to those really important business driving keywords. I think that might be a good way to kind of also reshape the way we look at market share a little bit, but I would just try to capture again the most amount of sponsored product placements on the most important keywords that you have available, and just the consistency is going to be absolutely critical for that. I know budgets can change, things change, business happens. So the more consistent you can be with that strategy, I think it will start to increase over time. Shivali Patel: So you mentioned the most important keywords. On the alternative side of that, there's obviously keywords that aren't doing so hot. So Fernando asked when do you think it's enough to pause a target keyword when there's no sales happening, no PPC orders? How many clicks is enough? Matthew: Yeah, clicks is a tough one to measure. A lot of it depends on, I would say, search volume. If it's a really low search volume term you probably won't see the clicks or the sales kind of as a bit of a result. If it's something that has historically been like a top performer and it's changed, I would say that's kind of maybe warranting a test of let's pause it, let's try something else, let's try a different keyword or a group of keywords. I think sales for me is always kind of the north star and kind of the rest of those KPIs that we look at around them are good guardrails to understand how the overall business is achieving that sales goal. So I think if sales are very low, I think it's probably safe to say that that's okay to pause. But again, if it's something that's been tried and true in your strategy, I would try to rework it. Maybe even if it's an exact match, try phrase match, try some PAT targeting similar products on those keywords and see if there's any life left in it. But I think if clicks are low, like below 30 to 40 a month, I think that's probably a good time to reevaluate what the bids are and kind of just take a deeper look at what that keyword's actually doing. Shivali Patel: You are absolutely killing the questions, so I want to interject here with a question of my own before I continue with the questions that are being asked. So what sort of level would you say a seller needs to be to consider Pacvue as an advertising solution? Matthew: I mean the tool itself, I think can be beneficial for any budget. I've managed budgets that are in the hundreds of dollars a day as well, on the app or on the tool, and it's been seamless. I think there's a lot of data that it provides you that is incredibly painful to find in the actual UI and it's clunky, it's difficult. The way that Pacvue has it organized is very customizable. It's very streamlined and you can really find the answers you're looking for and really customize those pages to basically be driving to your key business goals, which it's effective, and I think it's been a total treat, honestly, to be able to work with it every day. I've really enjoyed it. So I can't speak highly enough about it, but I think, regardless of what your budget is and what your goals are, I think this tool would be a benefit for sure. Shivali Patel: OK, and with that, Michael asks can you elaborate a few of the most looked at report format sponsored product, sponsored brand and sponsored display? Matthew: Yeah, I would say for a lot of the stuff that I'm looking at I'm probably pulling the raw data and looking for how I want to twist it in terms of what I leverage in the actual Pacvue tool. A lot of the kind of the home dash screens of kind of giving that initial read of what's happening, are helpful. But what I always find helpful is just kind of for sponsored product and sponsored brand specifically, kind of breaking out by product group or by brand or however your business is situated, looking at it by brand kind of the big, big metrics like spend sales, CPC, ROAS, conversion rate. I love to see that kind of at the sponsored product and sponsored brand level. I also love going through targeting type. So pulling targeting type with branded category, auto conquesting, pat and kind of evaluating that way as well and layering the two on top of each other then is incredibly helpful to get a read of what's happening, kind of at that 10,000 foot view more or less depending on the time frame you're looking at. But I think that's a good place to start and then from there kind of whittling down, going into the actual campaigns and pulling data that way. For Sponsored Display, I've always used it as kind of a nice to have. It's typically a little bit lower performing, but I think what it offers is the reach and I think from that side of it, looking at clicks, impressions, click-through rate, that's typically what I would be pulling to analyze the sponsor display campaigns I run. Shivali Patel: Sherry asks with the Helium 10 Adtomic function, how can I see, excuse me, Helium 10 Adtomic tool? How can I see visually when I change a bit, to know if the impressions are picking up over time? So you can go into Adtomic, go to the Analytics page or the Ad manager and then go to your campaign and target, put in a date range to whenever you made the bid change and then check out your daily impressions and then change the date to afterwards and check that as well. You can also go into Keyword Tracker and check out how your sponsored rank has changed as well. Okay, next question, what PPC strategy do you recommend for a newly launched product in a competitive niche? Matthew: Yeah, for this one I would definitely say pick the keywords that matter most to you. Focusing on those, I would say test out the CPCs, see what you're actually kind of going up against. From there, PAT targeting is incredibly helpful. If it's a brand new category, it's a definite cheaper rate for basically, the way that I describe PATs generally is kind of the nice to have, but it can be very, very strategic. Pick the number one product in the category, pick the highest organic rank and put a PAT on those particular ASINs and go where the eyeballs are going and you'll get it at a cheaper rate. You'll be on their PDP, kind of at the bottom of that carousel ad which is going to be lower volume in general. However, it's going to be a really, really good way to kind of have that brand recognition. I'm not sure how consumable the product is or if it's something that is, you know, like a subscribe and save option or kind of like a replenishment is high. But if your brand is being put next to those top performing brands in the category, it's at minimum when you are serving on those sponsored product placements. There's going to be that recognition which is going to be critical. So I would say, try to establish yourself on some competitor PDPs through product attribute targeting campaigns. From there also if you have a variety of products, your advertising sponsored brand campaigns can be really beneficial because you get to show 3 products for one campaign more or less, or one placement. CPCs can be a little touch and go there as well. But I would say, start there. Leverage your auto campaigns as well. Try to build relevancy. Continue to run the keyword reports from those auto campaigns, see what's winning and keep your pulse on search volume and just go after a couple of keywords hard for a while and I think that should help build up whatever niche you're in. Shivali Patel: Adam's question is in terms of testing new strategies like dayparting, do you suggest we start a new campaign or just make tweaks to existing ones? Matthew: Yeah, I'm a big fan of keeping existing. I think that the algorithm is going to reward campaigns that have been live longer and there's going to be more data behind the campaign. You're going to have just more context to pull from. So I would say, keep your existing campaigns and just continue to iterate off of that. If it's day parting, in particular, if you're looking to expand into further testing, then I'd say probably would warrant a new campaign. But for day parting in particular, stick with what has the most data, because then you'll, when you go to compare what your changes are, you'll have a much larger sample set to say, did this work versus what we had before? And I think that's where I would go with it, just in terms of the evaluation part. Shivali Patel: If I want to reduce wasted spend on broad campaigns because there's a lot of wasted spend on single click keywords. Should I start making exact campaigns to harvest my profitable keywords, or should I keep them both running and see what performs better? My main concern is that if I shut off my broad campaigns, my exact campaigns are not going to perform as well. Matthew: Yeah, really good question. I mentioned a couple of times. I'm a huge fan of exact match keyword campaigns. I think you have complete control over everything in terms of what's in your campaigns, what your bids are, so I am a huge proponent of it. I think again, at minimum it's worth a test. I think broad serves a purpose. I think it can generate keywords. It can kind of help you at least get the product visible. Whether or not it's always a one-to-one is a little bit tough to kind of determine. But I would say, look through your broad keywords and what's being pulled in. Some of them are very, very far off what you want to be. So I would say, pull back on spend. As you've kind of developed your PDPs and your content and kind of your relevancy on some of those keywords, I would pull back from that broad and move more into the exact and from a performance standpoint I would expect it to perform well because you are targeting exactly where the sales are coming from at a very prescriptive level. So you then would have complete control over how much money you're funneling to that and kind of how aggressive you want to be. So I think it's definitely worth a test at minimum. Shivali Patel: Hello Gonzalo. We have how many clicks on a keyword target without sales before closing it, lowering bids or dismissing it? Matthew: Yeah, I would say evaluate what keyword it is. If it's a long tail low search volume term, then I think probably pretty safe to keep the bids either very, very, very low or pause. If it's a really high priority term for you, I would say stick at it for as long as you can tolerate the cost and see if there's a way to break through and become more efficient if the auction dynamic changes at all. But I think a lot of it's going to come down to how high that search volume is on the term, but I would say if it's driving sales and your desired ROAS is like $3 and you're at a $2.15 or $2.20, I think it's worth pursuing it. Again, I say sales is kind of the North Star here. So I would say before pausing anything, evaluate kind of what it's doing for your business and then move forward from there. Shivali Patel: Eric has a question that says for a well-known brand with large global media spend but brand new to Amazon, how would you structure all Amazon campaigns to maximize performance on a $5,000 per day ad spend for five products? Matthew: Certainly starting with sponsored product placements, and I would say breaking into the category terms is going to be absolutely critical. If it's a well-known brand, that brand recognition piece, which is very difficult to build, that box is checked. So I think that's a huge benefit and then just really trying to find those areas where your shoppers are looking for you is going to be really, really important. So I would skew pretty heavily towards sponsored product category campaigns, probably get an exact match and I would have for your five products five separate campaigns for those, and then I would also layer in some branded campaigns. I think this is going to goes back to which I had about it earlier. But if someone searches for your brand and they don't see you, that is an immediate missale and obviously not a great shopping experience. So I would say have some branded campaigns as well to layer on. And, depending on what that overall cost is going to be between those two ad types, definitely work in the auto campaigns, keep those low. And then, depending on how much you have left over and if you have creative assets, sponsored brands are going to be huge with, just again, kind of putting those products on display, giving your brand a little bit more of a real feel for people shopping. I know it's difficult to kind of attain that on Amazon a lot of the times, but lifestyle imaging, sponsor brand videos is something you can leverage as well, and I've done a ton of testing with the AI generative media creative within Amazon and I would say, if you don't have creative, try the AI tool. It's really, really interesting. I could go on for hours about it, but it's a really really good way to kind of get some sort of creative live for sponsored brands. So I would say kind of to kind of recap that, definitely sponsored product category campaigns, one, followed by some smaller budget branded campaigns with auto campaigns, and then expand to sponsor brand if you have the budget for it. Shivali Patel: Do you use any software for automation, such as Adtomic? If yes, what are the basic rules and criteria you suggest for creating any sort of automatic updates? Matthew: So I personally use Pacvue and the automation tools within that are, again, fantastic. There's a bunch of different ways you can go about, I think, automation in general. But I would say, make sure that your goal is very, very clear. It's just kind of blanketed statements for automation in general. Make sure your goals are very, very clear and always have that safeguard of if you're going to increase bids to a certain point, make sure that there's a cap on it. The last thing you want is to have, check your ads console and all of a sudden your bids are $40-$50 because that automation continued to increase based on the threshold you set. So make sure there's some safeguards in place. But for Adtomic I can't speak to Adtomic in particular, but for Pacvue overall there's a whole litany of automations that are used for profitability, for weeks of cover, for impression gaining, for new-to-brand driving. So I think that it's an endless kind of whole of test and learn, potential and all kinds of good stuff. So I would say test, test, test for automations for sure. Shivali Patel: Yeah, and when you're inside of Helium 10, it's the same exact thing when you're setting up those rules. I know we've talked quite a bit about goal setting here today and that definitely is true even inside of Adtomic. When you're doing your rules, it's going to really depend on what niche you're inside of and what your risk tolerance is, how much budget you have, what you're bidding on your keywords, and then you can go in and decide from there. I mean I know that as a standard I've gone in and done 20 clicks, no sales, you're negative matching that keyword. So it really just depends. But Adtomic certainly has ways that you can put in those rules and automation, so you're not spending so much time on trying to audit your entire campaigns. So with that, we've had a really great list of questions here today and I apologize if I didn't get to some of the newer ones, in which case we have a Facebook group. So make sure that you guys go to our Facebook group, you go to Helium 10 members and post up any of those questions that you really have, because we are active in there and we do answer those questions and if not, somebody else definitely can. So make sure you guys are tapped into our communities, and thank you so much, Matt, for being here. We appreciate you coming on and sharing your time and knowledge. Matthew: Yeah, of course. Thanks for having me and hopefully got to the bulk of the questions for everybody. Yeah, it was a treat to be here. I appreciate it. Shivali Patel: Likewise. Likewise, All right with that, we are done. We will see you guys next time, Take care.

Ecommerce Brain Trust
Mastering Ulta Ad Platforms: Inside Tips from Damiano Ciarrocchi - Episode 337

Ecommerce Brain Trust

Play Episode Listen Later Apr 16, 2024 24:03


In this episode of the Ecommerce Brain Trust, Julie Spear, Head of Retail Marketplaces Services at Acadia, and Damiano Ciarrocchi, the Senior Retail Media Manager at Acadia and Head of the Retail Media Network Innovation team. They discuss the ins and outs of Ulta's retail media platform and what brands need to know to succeed in this unique beauty-focused marketplace. Make sure you tune in to find out more! In this episode, Julie and Damiano discuss:  An overview of Ulta as a retail media marketplace dedicated to beauty products with both in-store and e-commerce presences. The relative youth of Ulta's platform compared to other marketplaces like Amazon and Walmart. Challenges faced by brands, such as limited tools provided by Ulta for keyword research and competitive landscape analysis. How brands can circumvent these limitations using third-party tools like Pacvue and Analytic Index. Media Buying Strategies on Ulta Options for buying media on Ulta, including self-service and managed services. The partnership between Ulta and Criteo, including the campaign types available to advertisers. Performance and Competition on Ulta The current landscape shows low competition and promising results for brands advertising on Ulta. How brands are achieving top-of-search positioning relatively easily compared to more saturated platforms. Investment and Attribution in Ulta Advertising Discussing meaningful media investment and attribution assessment on the Ulta channel How to handle the complexities of advertising for a brand that has both an e-commerce and in-store presence Ideal Candidates for Advertising on Ulta Characteristics of brands that may benefit the most from advertising on Ulta. Advising brands that should hold off on expanding to Ulta and the recommended trial period for testing the platform's effectiveness. Damiano shares valuable insights on leveraging Ulta as a retail media network and the intricacies involved, offering a comprehensive look at what role this unique channel could play in a brand's broader e-commerce strategy.

Serious Sellers Podcast: Learn How To Sell On Amazon
#543 - VAT, Compliance & International Expansion For Amazon Sellers

Serious Sellers Podcast: Learn How To Sell On Amazon

Play Episode Listen Later Mar 12, 2024 35:04


Join us on this episode, as we sit down with Jerome de Guigne, a seasoned expert in international business and Amazon marketplace strategies. We take a trip across Jerome's impressive business career, which stretches from France to Luxembourg, and uncover the crucial steps he took to carve a niche in the world of Amazon. Listen in as Jerome lays out the intricate process of aiding brands in scaling their operations and mastering the art of value creation on this global platform. This conversation also welcomes Jacob McQuoid from Avask and throws light on the hurdles U.S. companies face when stretching their commercial footprint to European shores, such as VAT intricacies, regulatory hoops, and the ever-present language barriers. But it's not a one-way street; European entities eyeing the U.S. market have their fair share of VAT tax complexity to navigate. We bring in perspectives from professionals at firms like Avask and explore tools like Pacvue and Helium 10, providing a lot of insights for Amazon brands planning to cross these transatlantic bridges. Finally, we touch upon the wisdom of starting small and testing the waters when it comes to international expansion. This approach allows businesses to minimize risks and optimize for market receptivity, a strategy underscored by the shared knowledge from this episode. So whether you're an experienced Amazon seller or new to this realm, this episode is packed with invaluable advice and strategies for taking your Amazon business to new international heights.   In episode 543 of the Serious Sellers Podcast, Bradley, Jerome, and Jacob discuss: 00:01 - Expanding Amazon Sales With European Experts 02:49 - Value Creation Through Amazon Specialization 06:45 - International Expansion Strategies for Amazon Sellers 09:25 - IRS and European Tax Authority Comparison 16:51 - Navigating International Business and Online Presence 20:10 - Navigating VAT and E-Commerce Expansion 22:38 - Understanding VAT for American Sellers 29:39 - US Sellers' VAT Number in Europe 31:08 - Comparing Import Tariffs 35:24 - Starting Small for Market Testing ► Instagram: instagram.com/serioussellerspodcast ► Free Amazon Seller Chrome Extension: https://h10.me/extension ► Sign Up For Helium 10: https://h10.me/signup  (Use SSP10 To Save 10% For Life) ► Learn How To Sell on Amazon: https://h10.me/ft ► Watch The Podcasts On YouTube: youtube.com/@Helium10/videos Transcript Bradley Sutton: Are you a North American seller interested to expand to Amazon Europe, or maybe vice versa? Are you interested in advanced Amazon advertising strategies? Well, today, I went to Germany to interview in person two experts on these topics. How cool is that? Pretty cool, I think. Bradley Sutton: Want to keep up to date with trending topics in the e-commerce world? Make sure to subscribe to our blog. We regularly release articles that talk about things such as shipping and logistics, e-commerce in other countries, the latest changes to Amazon Seller Central, how to get set up on new platforms like New Egg, how to write and publish a book on Amazon KDP and much, much more. Check these articles out at h10.me/blog. Bradley Sutton: Hello everybody and welcome to another episode of the Serious Sellers Podcast by Helium 10. I'm Bradley Sutton and this is the show that's completely BS-free, unscripted and unrehearsed organic conversation about serious strategies for serious sellers of any level in the e-commerce world. Another episode here coming from the opposite side of the world. I'm in Frankfurt, Germany and was able to interview a lot of different people. For the first time on the show, we've got Jerome here. Jerome, welcome. Jerome: Thank you very much. I'm super happy to be here and it's nice to see you on this part of the world. Bradley Sutton: Excellent. So you know, like I do with first time guests, we need to find out about you. And this is important too, because, like I don't know much about your back stories. What country in Europe are you from? Germany, France, so I have. Jerome: I'm all about going international, so my background is international also. I was born and raised in France but my mom is British. My dad is French. I lived in France but I also lived in Turkey. I lived a bit in Germany, in the UK and now I'm office design Luxembourg. So a lot of different experiences all over the world. Bradley Sutton: Okay, excellent, excellent. Now, what did you? Where did you go to university? In what country? Jerome: So I went to university mainly in France, so first in the nice city of Grenoble, which is not too far from Lyon. It's in the Alps Mountains, really nice to do like business and management. And then afterwards I did an MBA in a school in Basin Paris but had campuses in Germany and in the UK and also in the States. I did a week in Texas, for example. It was really interesting. So like multinational is really my thing. Bradley Sutton: Okay, excellent. Now, upon graduation, did you enter right into the business world and what you had studied, or what did you do? Jerome: So I went to work two years into the chemical business at that time it was called Atofina Archema. Now, it's like I was helping the head of the subsidiary there. So doing a lot of things, helping on IT topics, on business topics for two years. And then I came back and I worked for 10 years for a Chinese group and that's where I started to work in Luxembourg. And then afterwards, I was looking for a job and couldn't find one. So I said I'll start my own company. Bradley Sutton: Okay, and what was that company? Jerome: So at the beginning my idea was say, okay, I want to bring value, because when I did my MBA it was all about okay, how do you create value for your ecosystem? Because value has a price and you know, and then you can sell. So my first idea was to help people expand and grow in terms of sales. But I had been doing a lot of Amazon business in my previous company and like, step by step, I found out that a big pain point for people in Europe at that time so 10 years ago was not understanding Amazon and I said, oh people, it's simple, let me explain to you. So I went into step by step into the Amazon business and that's where we become specialized in Amazon. Bradley Sutton: Amazon is not a typical segue from somebody just coming from the business world. How did you first, just you know, think about that as a good aspect, you know, like Google or friends? Jerome: So my background was really distribution, since I was head of Europe and EMEA for this Chinese brand and we were expanding into countries having subsidiaries, having distributors, and so it's about selling right and then I started to work with companies and helping them expand and actually even 10 years ago, the or even more 10 years ago, the fastest way to expand was Amazon and it actually really started when a German brand I knew from before told me okay, take care of the international distribution of our brand, which was binoculars, and I said, okay, well, you know, the best way is really Amazon and that's where we really started to go there. So we mostly started from vendor background because bigger brands were working on vendor and now we have probably 70% seller, 30% vendor in terms of people we help. Bradley Sutton: So what about you? During this time, were you selling on Amazon yourself as well? Jerome: So I never sold on Amazon myself. I was always selling in the name of a company and, like I said, I started as a vendor, so selling to Amazon rather than selling on Amazon, and I've been helping a lot of sellers but never sold myself. Help friends. But, yeah, never went into it. It's a bit of a dream at some point to do that. Bradley Sutton: For your agency for the last few years, are you focused on any particular aspect of Amazon or like PPC, for example, or it's A to Z? What is your focus on? What you help sellers with? Jerome: It's very much A to Z we focus. We've got three main topics we focus on. One is global expansion, so it's helping anyone to go from Europe to the US, from US to Europe to US to Japan, to anywhere in the world, and it's really whatever they need. That's the first thing we focus on. The second thing is retail media. It's one of the big topics we do is like how do we help them expand better thanks to retail media. So advertising, PPC, DSP, AMC, whatever there is. And the last thing is technology. Jerome: So we're not a SaaS company but we use a lot of tools. So Helium 10 is one, Pacvue is another one. We also partner with SalSify, for example, on the PIM side, and we have built our own dashboard. So those three topics Global Expansion, Retail Media, technology are three topics we're very focused on and we try to help people through those different things. So it's really, for me, it's A to Z especially in those aspects. So anybody, for example, we've started to sell on our own accounts for brands who can't sell. So for me, it's like an additional. We're not really a distributor, but if a brand can't sell themselves, it's okay. We'll set up a seller account and we have one in the US. We have a seller account in Europe and we have one in India also, for example. So anyone who wants to expand in any way, we are here to help them. Bradley Sutton: Let's talk about the first thing you mentioned about the international expansion. I mean, there's probably 35 different combinations you can have. You know, Japanese person selling on America, European person selling in Japan, a person from Dubai selling in Mexico, you know, etc. etc. Let's talk about some of the more common ones. Probably the most common for our listeners would be I'm a US-based company doing pretty well. Now I want to get started in Europe because that's the second and third biggest marketplaces, UK and Germany. The thing the elephant in the room for a lot of people is like oh my goodness, VAT and things like that. So what are some of the main obstacles and maybe difficult things to navigate for an American company who wants to get started in Europe? Jerome: Great question. For me, the three things. The first thing is regulations and taxes. Regulations. So the thing is like am I allowed to sell those products in Europe? We're talking with a supplements brand, for example, in the States, and it's like okay, the way you talk probiotics, for example, or can you have that keyword on your listing all of that? So that's a first hurdle. We today were speaking with AVASK and AVASK is a great partner. We partner with to deliver, like VAT services and also help on regulation. Jerome: The second thing is languages. Obviously, you need to have a great service and you need to have great content for the local people and that's something we are partnering also with a company, YLT Yanak Krekic, who's delivering great service, for example. So typically, we create a hub of people we work with. And the third part is logistics, supply chain. It's like, okay, how do we? Will you get your products to Europe? Like, will you have a warehouse in Holland? Will you go directly to FBA? Who will be your importer of record? That also we work with AVASK and some logistics company. So, even before going into advertising, content and everything, you've got those three things as regulation, translations, in a sense and supply chain. Bradley Sutton: What are some of the steps that somebody needs to take as far as the basics that everybody needs to do? Like you know, there are some things that are kind of like nice to have. There's some things that are need to have. For example, let's talk, you know, let's talk about the need to have for getting started in Europe. I don't need to form a company in Europe. I can use my US company, but I need to. What something that everybody has to do? Is it the VAT register for VAT? Jerome: Yeah. So one thing you can't. Well, same way as in the US you can't play around with IRS, right, and in Europe you can't play around with the tax authority. So VAT is a must and my recommendation is that, typically, Amazon tends to underplay and when they sell the service of expansion, they tend sometimes to be a bit optimistic about the simplicity of VAT. It's not that simple, it's not over complicated, but you need to speak with people who know this stuff. AVASK is a great example of people who really know this stuff. So that's the one thing you need to be set up in at least one country. I don't know, we want to go in all the details, but you need at least one country. Best is to be listed in or having VAT in every countries in Europe but you need at least one to be legal and compliant. Bradley Sutton: Let's do the opposite. I'm a European based company. I want to sell in the biggest marketplace in the world Amazon, USA. You know, I know like way in the old days and now on Walmart, you know, actually still for in some situations you do have to have like a US corporation, but nowadays I can. You know, I'm registered in Germany. I can go ahead and register as an individual or as a person. What are some things that I, absolutely, have to do that are in obstacle to some Europeans for selling in USA? Jerome: So our assumption as Europeans that everything is simple in the US and generally doing business in the US is much easier than in Europe. Like you have much less regulations, there's less hurdles. Now on the tax side, it's still quite complicated and as a European, I had to learn okay to navigate that. Because you can have a company in the States, in one state who's like, its addresses one state but if most of your sales is in another state, the other state where you're doing the sales might say no, no, I want you to pay your taxes where you're doing your turnover. Or if you have employees, it will start say no, then there's a fight between the different states. Jerome: For us in within one country, that doesn't happen. Like if I'm living France, you won't have the south of France trying to fight for you to pay your taxes and south of France doesn't make sense. Yes, so this you have to learn. So here again, you need to speak to the professionals, because taxes, you can't play around with and it's once you've understood, you've understood it or you have someone doing it for you it really goes smoothly. It's also that in some states in the US the tax accuration is automated between Amazon and the states, but in other states it's not. So it's like navigating that and understanding that is a bit complicated and if you're not an accountant, you'd rather work with someone who's a specialist and we work a lot with, like AVASK, for example, or specialists who will help you navigate that. So for me, it's focus on what you're good at and try to outsource what you're less good at to make sure you don't make mistakes. Bradley Sutton: What are you using Pacvue for? For your clients and maybe you know, some people out there might be wondering what kind of amazon seller or large corporate or large company might have use for Pacvue as opposed to Helium 10. So what are you using now Pacvue for? Jerome: So I think, we probably started to work with Pacvue and Helium 10 both the same time, a long time ago. So I think we started in 2019. I think, the first agency in Europe using Pacvue. Basically, we were looking for a tool and what I did is I asked the teams. I said I don't want to take the decision. I wanted the really the users to audit the different tools and decide which one they wanted to work with. And they decided to work with, at that time, to with Pacvue. Jerome: What we did is there's a lot of rules on a lot of features sorry on Pacvue, for example, rules to like improve your campaigns and as an agency, you've got you know 50, 70, 100 brands you work with. So you have a lot of campaigns and you have to have rules which help you optimize. You can't be checking every campaigns all the time. So you have rules really helping you optimize things. So we've been using Helium 10 from day one also to understand the market, make research, and we've used Pacvue really to optimize campaigns and do a better job in terms of advertising for our customers. Bradley Sutton: Are you using Pacvue for non-Amazon platforms at all? Jerome: Yeah, so we've started to go on Walmart, for example, in the US. So we are using Pacvue on Walmart on the platforms in Europe. Not all of them are linked on Pacvue because some of them are smaller. So it really depends. But on the major, we try to use Pacvue, as much as possible, because it's our sort of system of record today in the company. Bradley Sutton: And Helium 10, what is your team using Helium 10 like? What particular tools or what kind of strategies are you guys using? Jerome: So they are using it every day, I would say. So they are checking on the consulting side. Our consultants are checking, like the Market Tracker, for example, or the keyword researchers, like, example, when you were saying, okay, should we go into a new market? Okay, let's see what. You know how many researchers are done on the brand or on the type of product. Then the teams are also working when they're doing their SEO, like checking, you know, keywords and backing keywords and also campaign keywords. They checking all of the tools. Jerome: For me, Helium 10 is amazing because each time I go, it's like, wow, there's so many tools and I feel like there's a new one each time. So I have a hard time keeping track of all of them but I know they're using it daily to really on one or the other bit to improve things altogether. And because we have a content team, we have an advertising team, we have a consulting team, an analytics team, they check different things, each of them for different purposes and Helium 10 has always been amazing to me, like the amount of wealth and value they provide on so many things and that's as a day, as I said, a day to day tool we use. Bradley Sutton: Okay, excellent. Now what kind of, you know, strategy help that can you give to our users? We usually ask our guests like, hey, give us a tip or a strategy. You know it could be about international expansion, could be about PPC, could be about health, could be about which French football team to follow. Anything that you want to talk about. What some strategies you can give our listeners? Jerome: So, yeah, I'm not a big soccer man so I won't go there because I might embarrass myself. No, the thing I typically say when you talk about global expansion is there's a lot of potential but there's a lot of hurdles. So probably you want to start small or start focused. So if you're in the US and you want to go into Europe, maybe you start in Germany and or in the UK because language is easier. Just make a proof of concept, go there, be successful and then start to expand. Because if you start to go in six, five, six, seven countries, then you have five, six, seven campaigns to build, translations to do. There's a lot of work. Jerome: So probably do one, show that you can be successful in one of the European countries and then expand. Same in the US, you probably don't want to maybe take all of your catalog and take a smaller part of the catalog, make sure you're successful and then expand. So for me it's like start small and grow from there. Learn, try to learn. Because international we're talking about earlier with other people today is like, you know, we say they're saying culture eats strategy at breakfast is like cultural things are very strange, like what happens how customer behaviors are different. So get used to it and to start with something and build on it. Bradley Sutton: Love it, alright. Now, one way I know people can find and reach out to your company is if you go to hub.helium10.com type in E-C-O-M-A-S. Is that right? What are other ways that people can find you, your company, on the interwebs out there? Jerome: So we're very vocal on LinkedIn and the team produces a lot of content on retail media on the street topics like retail media, technology and global expansion, so we do try to share as much as possible with everyone. I was honored to be named one of the Amazon Retail Media Advertising Ambassadors, so one of our job is really to share as much content as possible on advertising specifically and one of the advice I gave it was about globalization. If I talk about retail media is like AMC. Amazon marketing cloud is one thing which today is open. Really, if you're doing DSP and PPC, hopefully tomorrow it will open to PPC also only. I would really recommend people to look into it. This is giving you advice, like learnings, which will get you to the next level in terms of advertising. Bradley Sutton: What is the first thing that somebody just getting into DSP or AMC? What is the first thing they should maybe if they're just getting their feet wet? Jerome: So one feature, for example, which is already in Pacvue, which is day parting with AMC you will get even more granular information, a bit like with Facebook. You will know we've run some studies for some of our brands where you get information on the persona, like who is buying your products, like is it you know male, what age, what location, and then you can tailor your messaging, your content, everything you're doing, to really focus on that target customer you have. So that's one example and there's many others you can bring on AMC. We're just starting and people are just starting to get like insights from it. So for me, it's like get first, get into it, and it's not super easy so there's a bit of a barrier to entry. So, once again, either you can, you have got enough knowledge to go in yourself or ask for people for support, and there's a lot of great people. We can help. But there's a lot of great people on AMC which can really help you. Pacvue, for example, has got embedded some AMC features already. So I really look into it because that will be a game changer and for me, like they will probably be a change of like a crossroads people getting into it and who will win? And the others lagging behind. Bradley Sutton: Okay, all right. Well, thank you so much for coming on and hopefully, see you on my side of the pond next time. Jerome: Indeed, thank you very much. Bradley Sutton: All right. So our next guest is one of the hosts for today from AVASK. We're in AVASK, Frankfurt office. This is not your main office. I believe the main office is in London. Jacob: Southampton, so it's about an hour south of London. Bradley Sutton: We're here in Frankfurt, Germany. And this is Jacob, who I met originally in Korea, spoke at an event that I did over there. And what is your title here? Jacob: So I'm the head of business development and commercial services, so responsible for client acquisition. You know have a team based here in Germany, in UK, in Spain and in Italy. So we're supporting, consulting clients, helping them expand. Bradley Sutton: Okay. Now, how did you get into the e-commerce world? Like, what's your backstory? What did you? Where did you go to university? What did you study? And then your entry into the job world. Jacob: Okay. So in terms of studying, I actually did Creative Media in college and then just directly went into working straight from there. So I started as an Account Manager for a finance company and then transitioned to AVASK. I've been here for five years. So that's the kind of a short background but yeah, been at the company for a good amount of time now. Bradley Sutton: Okay. Now, last time we had somebody from AVASK was Melanie, was on maybe, probably almost three years now ago. There's some people who might not know about you guys. So you know elevator pitch with an amazon seller and elevator. How do you tell them what you guys do? Jacob: Yeah, so we help people expand cross-border, so getting to different markets and try and make it as frictionless as possible. Kind of the biggest area for us and kind of the one we've been working in the longest is Europe. So supporting US sellers, you know, Chinese sellers, European sellers, sell all around Europe but that's not it. But like kind of in a nutshell, that's our main service, but essentially we help people get into different markets and make it as frictionless as possible. Bradley Sutton: Okay, so now you know, we just had Jerome on a couple minutes before you. He talked about some of the you know things that people need to be concerned about going from US to Europe, vice versa, maybe going to another marketplace. And he mentioned you guys too. So let's talk a little bit more in the weeds. About some of the you know, like this is what I call the unsexy side of e-commerce. You know the sexy side is PPC and Keyword Research and finding new products and developing your brand. The unsexy side is stuff that actually is arguably even more important, you know, getting your taxes in order and your business entity. So we touched a little bit with Jerome about the VAT and things like that. Bradley Sutton: But let's, let's dig into it because, like me, it just I've never sold. I've never done VAT here myself in Europe, and it's for a lot of, you know, US base sellers, like it's kind of like this monster of a thing that we have to worry about. Like, do I need to get it in every country? Do I have to report to every single country? Is it only if I am at a certain level of sale? So you are very familiar with what American sellers probably need to be educated on as far as this goes. So just take it away and let us know what we need to know about VAT in Europe to start, I would say, there's a bit of a, especially in the us. Jacob: I've been at the company for five years. Especially now over the last few years, has been a lot more regulation introduced in Europe. So when I first started at the company, there was a lot more US sellers who were interested in expanding because there was less regulation and people weren't as advised. But governments have caught up a little bit. There was a lot of that fraud so people weren't actually paying VAT. And that's not just you know American sellers, that, sellers from all over the world. But now marketplaces are Amazon a lot more regular, regulated, so they have to enforce it. So it stops people from wanting to expand. You know a lot of Americans they say, okay, VAT, how do I do of that? Okay, they don't worry about it, and I think that's quite a lot of the story in America. Jacob: For a lot of clients that I've spoken to, essentially VAT, like the system that we have in Europe, and in lots of other places as well, is completely different to the US system. Obviously, the US system, you have tax added on at checkout so you only have to worry about pricing your product and then in the majority of places, i.e. Amazon, and they're going to add the tax on, whereas here in Europe, you are responsible for adding the tax. So when you're listing your product, so you know, if you create a new listing and you need to make sure you include VAT. So I've had lots of customers who want to expand into Europe. They've gone for it. They didn't consider that the VAT would be part of the price that they actually put on the listing. And then you know, a month later, two months later, they've got the VAT bill and they have to pay that and they hadn't actually priced it into the product. Bradley Sutton: So like you're saying, like the buy box price should indicate it or it needs to be, it's separate? Jacob: No, it's just inclusive. So like, if you list your product for 24 pounds, for example in the UK, that 24 pounds is inclusive of the VAT. That's not going to add any VAT at the end. Bradley Sutton: What is the approximate VAT? Jacob: So for the UK, it's 20%. Bradley Sutton: So that means if I've got a product that I'm selling for the equivalent of 25 dollars, let's just say, I need to make that at least like 30, 31, 32 dollars, to include that VAT, because that's what I'm going to end up paying the government. Jacob: Yeah, exactly. So you have to look at the net price. So 25 dollars add to the 20 percent, so add another five dollars to get it to 30. And then out of that 30 dollar sale, once it's converted, the portion which was the five dollars would be paid to the government and the rates are there or there about. So like we're here in Germany right now, the rate here in Germany is 19% so slightly different, but there are there abouts. Bradley Sutton: Now in America, you know, after three years ago or so, we have the Marketplace Facilitator Rax. You know, like that was a huge headache before, where people didn't know in America. Like, all right, I live in California, I know I got to pay California Sales Tax, but you know, do I have a Nexus or whatever we call it in all the different states. And then Amazon's like or actually all online marketplaces were like there's some law passed or something where it's like, all right, you guys are the ones who have to collect it. Now we as Amazon sellers, hopefully we don't have to. That's what I've been doing. We don't have to worry anything about it. We don't add it to our price or anything. The customer is paying for it but Amazon collects it. They remit it. Now in Europe, what it sounds like number one, we do have to add it to the price, as you just said. And also, Amazon is not remitting that. I've got to hold on to that money. Jacob: And then so previously that would have been correct. But as of a couple of years ago, Amazon and now and marketplaces are responsible for collecting and remitting VAT for non-European and non-EU sellers in the EU. You still need to price it so, like in that example we had, that was $30. That $5 would actually be deducted from you and be paid to the government on your behalf. However, you still need to report all of those sales via VAT returns in different countries where you've got different liability, like similar to Nexus. Nexus means you've got a liability, basically. You'll have to get a VAT number when you have a liability and you can create different liabilities and free different kinds of means, but the actual money will be deducted and paid by Amazon but you still have to report it. Bradley Sutton: So that's at least one burden off. And then now is Amazon withholding that from your disbursement? Then each two weeks? Jacob: Yeah. So that would get completely withheld. So Amazon should be withholding it and then paying it on your behalf. Bradley Sutton: Okay. Scenario A, I plan to open in all European marketplaces plus UK. So UK, Germany, France, Netherlands, Spain, Italy, et cetera, et cetera. How many VATs am I needing to register for? Jacob: Depends. So you've got options. So with Amazon, you've got options for how you can actually use the FBA system. So, like obviously, in US, you send to a single FBA center. You have no control over where they're good to go. Amazon can transfer them to different warehouses. It's one country. It's lots of different states, lots of different tax laws, but it is one country, whereas with Europe you've got many different countries. So UK, we separated from the European Union the free flow of moving goods essentially. So whenever good to travel from UK to EU, they need to go through official borders. So customs checks, there needs to be paperwork, there needs to be declarations, et cetera. A lot of sellers now treat the UK separately and they just have their own separate supply chain directly into the UK. You need a VAT number there as a US seller so you can store your products there and sell your products, whereas in Europe, for FBA purposes, you've got options. Jacob: Amazon have their main fulfillment centers in Germany, France, Italy, Spain, Poland and the Czech Republic. You can select which ones you want to have your goods in. Whichever country you decide, you allow Amazon to store. You've got an Enable Infantry Replacement on a Seller Central so you can disable and enable. If it's enabled, you have to have a VAT number because Amazon store your products there and that's creating a Nexus. Essentially, you create a liability. You've got to have a VAT number there. Jacob: So you could just start with one for the EU and you can list your products. So you could say right, I'm going to store my products in Germany, I'm going to list them in Italy, I'm going to list them in France, I'm going to list them in Spain, but they will all be fulfilled from Germany. Now the pitfall to doing that is Amazon charges you a significantly larger fee for fulfillment. So whenever I speak to sellers as long as they understand that because I've got people who you know they only want to get the one VAT number, because getting six or seven or however many you need to get is complicated and it means a lot of paperwork et cetera to get set up but at the same time, they don't quite realize the Amazon fees that you get charged. And I've come across cases where, yeah, it was an extra three or 4,000 pounds to get the VAT numbers but they ended up spending extra 40,000 pounds in fulfillment fees. So, like understanding, that's quite clear, but you can start off with not too many, which makes it easier for sellers. Bradley Sutton: A lot of American sellers are very familiar with rough costs of like tariffs and importing custom duties from China to the United States. Some have more. That's why you know maybe some people are moving their factory to India or other places. How does it compare, though, because most I would say 90% of Amazon sellers are probably manufacturing their products in China or India? How does the custom duties and tariffs compare on a percentage wise importing to the US as opposed to importing to Europe? Are there differences between like UK and EU? Jacob: Yeah. Depending on the products, the UK and EU used to have the same tariffs because of the UK separation. We've got the UK Global Trade Tariff and EU's got what's called the TARIC system. The rates for those two systems I would say probably 99% of the same and that will change over the course of time, but it wasn't going to all change immediately. There is some differences but you might find certain products have much higher rates in Europe. So you also get anti-dumping duty. Jacob: I'm not too sure if there is anti-dumping duty in the US, but this can be products that might be damaging to the environment or harmful to the environment so they put the rates up really high. But understanding it before you actually start shipping the products is easy to do. As long as you've got the right people to do it. You can understand the rates, understand if there's a difference between the rate. One thing you do need to be careful of, especially as a US-based business, not just US as a non-EU-based business, the particular country we're in right now, Germany the way that they look at imports for non-EU-based companies is sometimes different to an EU-based company. So I've had a lot of clients who they've imported stock directly from their supplier in China or in India into Germany, and the German customs office have revalued that stock. So instead of using the transactional value, so the cost of your products, the insurance and the freight, say €10,000, they've looked at it and they've taken the retail price and then minus Amazon fees, minus VAT, so to say 60% of retail, which then that 10,000 does end up getting to 50,000, and then they've been charged 5% on the 50,000 instead of 10,000, so suddenly you've got five extra costs. So that's something to look out for and be aware of, because I've seen it happen quite a few times. Bradley Sutton: Okay. Now, before we get into your last strategy of the day, just as a reminder, if this is all overwhelming to you, it's not something that you just can't ignore and pretend that it's not there. It's stuff that you have to take care of if you're doing cross-border or getting into new marketplaces. If you guys want to reach out to AVASK, the easiest way to remember to contact them just go to hub.helium10.com and then just type in AVASK, A-V-A-S-K right there inside there you can have the portal. There might be some specials depending on your level of Helium 10 membership that you might have available to you. Other ways that people can find you guys on the interwebs out there. Jacob: Yeah, so all the general means like LinkedIn, Instagram or just avaskgroup.com, so A-V-A-S-K group.com, and yeah, you can contact us directly for those means. Bradley Sutton: Okay, all right. Now what's your last, you know, something I like to ask some guests is like a 30 or 60 second tip or strategy, that it could be about any topic you've talked about today. Jacob: Yeah, okay. So I would say, first of all, do consider Europe, but maybe take it slow, because there's a lot of red tape and there's a lot of history with American sellers in Europe and people getting stung by governments because of certain situations that happened in the past. Things are different now, so there's a lot more regulation that makes it easier for sellers to make sure they're doing the right thing, but it also puts more barriers to entry. You can start small. Like I said, you don't have to go for all of the countries. Start small with one. Start looking at the other countries, so like if you wanted to start in Germany, what are the biggest markets? Open your listings in the other markets and see if you start getting sales trickle in and then kind of make targeted decisions based on where you start to see growth. And that's what I think is good because we get a lot of people that are like right, I need to go for everything, I need to go for it straight away. Some cases really good, some cases they don't get the sales they expect and then they have to attract. So, depending on your position, obviously, would depend on what you decided to do, but if you're just considering it, you're not sure. Try that way because you're limiting your exposure in terms of compliance. You can start off small, your costs are lower and you can just see how the market goes. Bradley Sutton: Alright. Well, thank you very much for sharing your knowledge and thank you for hosting us here for our first onsite podcast here in Germany and our AVASK and Helium 10 Elite event, and maybe we'll be seeing you at a future conference again. Jacob: Thanks, Bradley.

Serious Sellers Podcast: Learn How To Sell On Amazon
#537 - Walmart Sales Growth Strategies From The World's #1 Walmart Expert!

Serious Sellers Podcast: Learn How To Sell On Amazon

Play Episode Listen Later Feb 20, 2024 31:29


Have you heard the latest buzz about Walmart's marketplace? It's time to tune in as we chat with Michael Lebhar of SellCord, the brain behind the surge in sales for countless Walmart sellers. Our discussion is packed with strategies and insights, from exploring the alluring incentives for new sellers to the secrets of wielding the latest metrics to skyrocket your sales. Imagine mastering the art of ad automation or creating a brand shop that takes your visibility to new heights; that's exactly what we're unpacking in this episode. Michael and Carrie dissect Helium 10's Adtomic and its advanced features, designed to empower Walmart sellers with precision ad management. We're also sizing up the impact of Walmart Brand Shops on your sales figures. The conversation then shifts gears to the nitty-gritty of search engine marketing (SEM) and how Walmart's beta coupon program is shaking up the game – a potential goldmine for engaging customers. But wait, there's more! Are your listings primed to pull in buyers, or could they use a tactical tweak? We're laying out a blueprint to boost your presence and sales on Walmart's marketplace, emphasizing the vital role of high-converting keywords and how Walmart's Fulfillment Services (WFS) and flash deals can be your ace in the hole. We wrap up by dishing out pro tips on navigating Walmart's evolving landscape, from optimizing product categories for approval to the influence of title density on your Walmart listing's performance. Walmart sellers, buckle up – this episode is your roadmap to conquering Walmart's bustling bazaar.   In episode 537 of the Serious Sellers Podcast, Carrie and Michael discuss: 00:00 - Selling on Walmart With Helium 10 00:56 - Winning with Walmart Wednesday: Incentives for New Sellers 03:15 - New Features for Walmart Sellers 04:47 - Walmart Seller Center Updates and Strategies 07:05 - Walmart Brand Shops and Marketing Strategies 08:17 - Success of Search Engine Marketing Strategy 11:28 - Strategies for Boosting Walmart Sales  13:35 - Boosting Sales Strategies on Walmart 14:49 - Optimizing Walmart Marketplace Sales Strategies  19:30 - Effective Keyword Campaign Strategies 21:43 - Walmart Strategies and Tips for Sellers 23:48 - Amazon Seller Approval Guidelines Update 28:53 - Optimizing Walmart Listings for Success ► Instagram: instagram.com/serioussellerspodcast ► Free Amazon Seller Chrome Extension: https://h10.me/extension ► Sign Up For Helium 10: https://h10.me/signup  (Use SSP10 To Save 10% For Life) ► Learn How To Sell on Amazon: https://h10.me/ft ► Watch The Podcasts On YouTube: youtube.com/@Helium10/videos Transcript Carrie Miller: In today's episode, we are going to be talking with Michael Lebhar about strategies that sellers can utilize to help grow their sales on Walmart, and we're also going to be talking about some new metrics that Walmart has made available to sellers and how you can use them to your advantage. This and so much more on today's episode.   Bradley Sutton: How cool is that? Pretty cool, I think. If you guys would like to network with other Walmart sellers, make sure to join our brand new Facebook group called Helium 10 Winning with Walmart. You can actually just search for that on Facebook or you can actually go to h10.me/walmartgroup and you can go directly to that page. So make sure to join. You can tag me and Carrie with questions and ask questions of other Walmart sellers or even share your own experiences in that Facebook group.   Carrie Miller: Hello everyone and welcome to another episode of the serious sellers podcast brought to you by Helium 10. My name is Carrie and I'm going to be your host today, and this is our Walmart Wednesday, where we go over all of the things Walmart and we answer your questions live and we give you any updates that have to do with Walmart. So we'll go ahead and get into it. So today I do have a special guest that I'll announce in just a minute and he is going to be great for answering questions and I will answer some as well. But before I get into that, I wanted to talk about some incentives that Walmart is having for new sellers. So if you have been considering selling on the Walmart platform and you haven't pulled the trigger yet and you want to get into selling on Walmart, there is a really cool incentive right now. I'm going to put the link to this special deal because it's not for everyone. You have to apply through our Helium 10 link. Basically, what it is is, if you apply through this Helium 10 special link, then you can get up to 100% of the referral fees taken off, basically for 90 days. So you won't have to pay referral fees for literally up to 90 days, so actually up to 100% for 90 days. So the way that it works is basically everything that you do kind of unlocks something. So the first 50% off that you get off is you get 50% of the referral fees for just signing up and getting your products up and running, and then the 90 days start. Once you're up and running, then you get another 20% off your referral fees if you start utilizing Walmart Fulfillment Services. So that's WFS and you can enroll in that pretty easily. The next thing is you'll get another 20% off for using Walmart Connect, which is the ads platform, so you can start advertising on Walmart. And then, finally, if you want to start automating with the repricer, you can. You get another 10% if you start using the repress repricer. So that adds up to 100% off of your referral fees. Now, not everybody's going to use the repricer, so at least up to 90% off referral fees, which is absolutely incredible, such a good deal. So I will add that link in. So if you haven't started selling on Walmart and you really want to get started selling on Walmart, definitely click that link and take advantage of that. And this goes for US sellers and international sellers. So they're they're allowing anyone who clicks that link, that is a seller on, or wants to sell on Walmart and gets accepted, you can have that great deal. So that's great.   Carrie Miller: And then the next thing helium 10. As you all know, we have Adtomic for Walmart, which is our ads program where we help you to manage your ads. It makes it a lot easier to manage your ads, and so we've added some rules and automations. You can now do day partying so you can advertise at certain parts of the day that are more profitable for you. You can add in bid rules. You can add a target, a cost max, impressions max, or you can create custom bid rules. So the new Add Tomic is absolutely incredible. If you want to book a demo, we'll also put that link below as well, because you can book a demo with one of our Helium 10 Adtomic experts that can help you. Not only you know, show you how it works, but then get you up and running on that. With ads. It's super easy. There's so many automations that will help you to manage your Walmart ads. All right, so I'm going to go ahead and get into our special guest, because I think a lot of you are very excited to have him on and his name is Michael Lebhar, so I'm going to go ahead and bring him on. Hello, Michael. Hey, so Michael Lebhar is from SellCord and many of you have seen him on Walmart Wednesday and a lot of other podcasts. He's been speaking, I pretty much all over the world, haven't you? He's been talking about selling on Walmart. He owns an agency called SellCord and he is doing really, really well on Walmart, has some products in stores, so we have a wealth of information available to us by just chatting with Michael. So thanks so much for joining us. What's up Michael?   Michael: Thanks for having me here. It's fun to be back.   Carrie Miller: Yeah, yeah, you were on here last. It's been, I think, a year since you've been on, so I'm very excited to have you back so I wanted to talk to you about a few things like new updates, and so we'll talk about some updates with Walmart, and then I'm gonna also ask you about some strategies that you can give to sellers. So the first thing I want to talk about, though, is sales rank, because this is something that's new. In the back of Walmart seller center, under search insights, you can actually see your sales rank for your product, and so I was wondering if you had any insights on how any Walmart sellers could utilize this information, or what you know, what you can do with that, or what you've been using it for for sure.   Michael: Yeah, that's a pretty new data that Walmart started adding in and basically, if you go to your growth opportunities and you go into search insights, there's actually a lot of helpful data there conversion rates, click rates, and they rank it kind of high, medium and low select you could have a good idea of how you compare against competitors in your category. But what you're specific specifically regarding is Sales rank, and sales rank is a number that they basically rank how well you're doing Compared to the other. You know your competitors in the space, so it's pretty helpful number. I like seeing when we have also multiple items within certain categories, seeing how they rank against each other, how the search links against each other, and then you could see the difference in sales rank and obviously the difference in sales between those items. You could kind of gauge a little bit more on like the type of sales you should be expecting from other items. So I would definitely make sure to take a look at that. Look, go, look at the data and start getting more comfortable with it. As you know, time goes on, it'll start becoming, you know they'll start there again. It's gonna start being more and more data there. So I would definitely take a look at that data and try to utilize it another thing.   Carrie Miller: I mentioned this on our last Walmart Wednesday and that is that brand stores are now available. So I was wondering if you have started utilizing those, because I know you manage a lot of brands. Have you started creating brand stores and how are you utilizing them? What kind of success have you been seeing so far?   Michael: great question. Yeah, so brand stores been. You know We've been waiting for them for a while because there's been brand store functionality for years. But you used to have to pay seventy, five thousand dollars, if I'm not mistaken, to get a brand store. Now it's actually free. You just have to apply mom, not all brands get accepted to the most brands kind of that we've been applying. I've been getting accepted to the brand store. It's through Walmart connect. So it's through your Walmart connect account, you apply and you get access to there. There's a few great reasons. Number one like on Walmart, the brand shows pretty prominently on top of the title. A lot of people click on there. They look at your expanded assortment. So you're able to actually you know, you know, utilize it to bring all your items into that one link. A lot of times when you're it's just done by shelf and it's not by your brand store, like you'll see, random items that are you're not your brand show up when you click on your brand. So it's important to. That's one great way. Number two is for advertising. You're able to start sent. You're able to send ads to certain shelves. Now, sending it to a shelf that just has items on it because of a filter and doesn't. It's not like a. A set shelf Through brand shops is way less effective. Also, you can't have any banners and things like that, so we've been using a lot for advertising and that proves to be pretty effective. So, yeah, definitely exciting and there's definitely a lot of Opportunity there. A tap into creating ban shops We've been creating a lot of them for brands over the past. What would say mainly like month and a half, two months.   Carrie Miller: Awesome. Yeah, I think a lot of people have started to work on those, so I think that's definitely a huge opportunity as well to not only get your sales for the one item but, you know, showcase all of your items and increase the court order court cart order value. The next thing I wanted to ask you about is the search engine marketing. It's called SEM on the growth opportunities tab. How has that been working for you? What? What kinds of things have you been seeing with with SEM, or I guess they might call it Sem on the back end there. And, yeah, just go ahead and get some insights on that this was an interesting one because you know it's.   Michael: If you know in the Amazon space like people use different providers to help send Google traffic to their Amazon listing To build rank, that's essentially what this product is. It's you could run Google ads from within though your Walmart account. So number one, your attribution is gonna be, you know, much more legitimate, obviously because it's first-party data, so they know what converts. So like that's really helpful. You know, I'm trying. I was trying to kind of see if there's a difference in cost running gets through Walmart versus. So I'm trying to see a little bit about that. But yeah, so we long story short. In a lot of cases we haven't seen success that. There's been some cases where we've seen some good success with it. I wouldn't say like any crazy results, but if we're helping boost items that also have like lower ad relevancies and are having a little bit of hard time getting traction, like we've seen some decent success there. I would say, just because they're giving away a lot of promos with that, like check your email, you probably got either like spend a thousand, get a thousand, spend 500, get 500, or even now yesterday I think I saw some clients got like spend 500, get 250 or something along those lines. So there's a lot of you know I'm opportunities, or even you could see from there, like how you know how effective it is and then from there you could decide if you want further in it. I think it's definitely worth what. It depends on the category. So, like I would say, you know, search on Google for, let's say, you sell bikes, or turn Google for bikes and see, like what Google Shopping ads are coming up and if you feel like you're right, fit well there and convert well there, based on your pricing and Based on your product type, like then there's definitely opportunity there.   Carrie Miller: What's kind of interesting is. I remember you pointed out to me like two years ago that Walmart was actually doing this for us for free, and so we actually got a lot of traffic to our listings through those kind of Google ads and I noticed my sales picked up with the Google ads that they were doing for me for free. So I do think it's definitely something that's worthwhile to do, because it says Walmart comm under the Google shopping little ad and so people trust Walmart comm and it's just a, I think, a higher conversion rate. For that reason I'm. Coupons can you tell me a little bit about coupons? I know they're in beta and I know you have had access to coupons. What kind of success have you seen with those? And can you tell us just a little bit about the coupons that Walmart is testing out right now?   Michael: Yeah, so traditionally there's really been no coupons on Walmart.com. Besides, for some in-store items was through a third-party provider. There was a couponing program that was very expensive for in-store brands and you should spend tens and tens of thousands of dollars to be part of it. That was the only couponing available on Walmart. Walmart recently rolled out couponing through Marketplace beta and it's been in beta I think it's already been a couple months and we've been having a lot of testing with it. I've started to become a really big fan of it. We've started seeing some really strong success there. Now, in some ways, obviously when you have a price cross-off it works better, but obviously with coupons, not everybody redeems, so you save a little bit there. But more importantly, the reason why we've been leveraging coupons is Walmart has these deal shelves that do a lot of volume, and very significant volume, In order to be able to be eligible for those deal shops deal pages that a lot of times want really good pricing, sometimes even better than Amazon. So if you're going to provide pricing that's better than Amazon, or even if it's going to be good pricing but you just don't want to bring down your Amazon, you're okay, get bringing down your Walmart. You just don't want to bring down your Amazon because your Amazon is doing a lot of volume. Whatever the case might be, you don't want to lose your buy box on Amazon. One of the good ways to do that is through couponing, because it depends on who your account manager is and how well your relationship is with Walmart, but they do sometimes accept your items for that. So that's been a one really cool way to leverage coupons and we've been seeing some success there.   Carrie Miller: Okay, another one that's in beta is subscribe, not subscribe and save. You said subscribe. So have you had some clients utilizing subscribe on Walmart? Has it been getting good traction? What do you think about subscribe?   Michael: I think it's got ways to go. I think it's really cool that there's that functionality there now. I think in the beginning that we're testing out subscribe and save and now it's just unsubscribe. But there's really, if you're selling obviously consumables, anything consumables, but anything people repurchase often, it definitely makes a lot of sense. I think just the Walmart, it's pretty prominent now and a lot of times it's auto selected, so it's like pretty prominent and I'll talk to buy a lot of items. So we have been seeing some traction there. The issue is, I think the Walmart customer isn't used to subscribing yet. So on Amazon they're very used to subscribing. So I think it's going to take some time till the Walmart customer really picks up on that. It doesn't hurt to have it on there, obviously, but I think it's going to take some time till the Walmart customer really picks up on the habit of subscribing and the convenience of it. So I think we got a little bit of time to go there, but it's cool that it's already built out.   Carrie Miller: Yeah, sounds like coupons is giving better traction. Okay, so I have had a lot of questions from people recently about, you know, they're starting up on Walmart and they're kind of, you know, getting everything set up but they want to really, you know, be successful on the Walmart marketplace and they want to get sales going. So what are some strategies and what are some things that you would give advice to somebody who's you know maybe just starting out on Walmart, or maybe they're on Walmart and they haven't had enough traction yet? Like, what are some sales strategies that you would recommend to them to boost their visibility and sales on Walmart?   Michael: Yeah, so I think there's a few things and obviously it depends a lot on the type of items you sell and a whole bunch of other things, but some things that generally keep in mind is Walmart recently started releasing some data, which is extremely helpful. If you have Pacvue, you could actually see it on search insights on Pacvue. But there's basically Walmart started releasing data through API on the Kinect side where it basically shows you every keyword on Walmart, from 1,000 to 300,000, what the keyword is, how high it ranks, right. So they're not giving you search volume data, they're giving you, if it's one, it's the most searched keyword, right, for example. And then what are the three top items converting getting the click share and the conversion share for those keywords and the way we you know, I think, when you're coming to the platform and you're in a new or seller coming to the platform, I think it's really important to understand the shelves that have volume and the key word is the shelf. But like the shelves that have volume, and then what's converting for those shelves and make sure like your product fits the characteristics of what's currently converting there, because if not, like you're right, you might be successful, but it's hard to know. But if your product has the right features, as at the similar price points and maybe even more competitive, then you know there's good opportunities there and I think you really have to tailor your approach a lot more to understand the shelves and their standards going on. That's number one. Number two is, like, lean into the Walmart programs as fast, as quickly as possible, whether it's WFS, whether it's Walmart Connect, whether it's work incentives working with Walmart, whether it's, you know, flash deals, promotions. Like, really lean into those programs. They drive so much significant volume and it's something that you know is. It's one of the advantages of being a marketplace seller versus selling DSV on you know one P to Walmart. So, like you have a lot of those advantages, you might as well use them to your leverage.   Michael: And people always complain about and I hear this all the time the one P seller is in the store items. They're on the top, ranked on the top and they get preference. The reality is that marketplace sellers have a lot of advantages that the one P sellers don't. So if the marketplace sellers really tap into the advantages and I've seen the ones that do it but if they tap into Flash Deals, promotions, a lot more of those placements are marketplace right now. They're not. Flash Deals is basically all marketplace, I think if not I'm not mistaken, it's all marketplace. Mosaic's are, especially during key times and events. It's very heavily marketplace driven. A lot of the data and things you get is a lot more on the marketplace side than on the one-piece side. So there's really a lot of programs that you could really lean into, especially with WFS. There's so many things that if you do them, you put yourself at a better advantage. So yeah, I would just kind of strongly emphasize that.   Carrie Miller: So you're saying Walmart Connect is advertising and the Flash Deals not everybody has access to those. Can you maybe give some strategies to get those or what is needed in order to get access to Flash Deals?   Michael: So if you're doing volume any decent significant volume it's usually going to be added to your account. If it's not and you're doing a lot of volume, you can reach out to me and I can get it added to your account. But yeah, most cases if your account's doing volume it'll get added to your account. If not, you can open up a case and request that. I'm not sure if that works, but you can email me and I can try to get it added to your account.   Carrie Miller: Is there a number of certain amount of volume, a year or a month, or what are they looking for?   Michael: So I'm not sure they don't say it. I know there's a number for that specific item to be eligible for Flash Picks. To actually do that it's in the thousands. It's not that much that it has to be doing in sales. It's in the low thousands for it to be eligible for Flash Deals. But for the account itself, I'm not sure Because I have very small accounts that have it and I have sometimes bigger ones that don't have it, that just have to request it. So yeah, I'm not sure exactly what the criteria is.   Carrie Miller: All right, yeah, those are some good suggestions. Anything maybe on the optimization side, or like do you think? That the pro seller badge is really needed, like what are some other things people can do and focus on that they can control to get more sales.   Michael: Yeah. So I think items if you're already an existing seller or if you're coming on, like I think it's important to pay attention to item spec 5.0. There's been new updates in the Walmart guidelines for how items are listed. I was actually in the Walmart offices in Hoboken a few weeks ago and we were actually looking through listings that we managed and seeing how, like, once item spec 5.0 got implemented for listings that didn't implement the changes, how, like slow performance kind of dropped off in some areas. So definitely learn those, pay attention to some of those, adjust your listings. You know, in Venezuela there's no reason to wait until, like, you're not just starting to not rank to make those changes. So I would definitely suggest that is one thing that you could control. I really pay attention to.   Carrie Miller: All right. So what about keywords? So you said you know they're basically ranked on there, but I know you know with Helium 10, we have kind of a search volume. You know, what kind of keywords do you recommend going after, like if something has you know 30,000 search volume or it's like a high ranked volume, do you think people should go after those? Or should they go over after low hanging fruit keywords in their advertising, in their listing? Like, what's your keyword strategy for marketplace sellers?   Michael: It's a great question. So start off with getting as really figuring out your really high converting keywords and building campaigns around those. Because even though the volumes of those are so low, you really need to build ad relevancy on Walmart and you could try bidding on the main keywords. But it's just so. Even if your item in a situation where your item would convert really well for a high volume keyword, you eventually want to target those because that's where you'll make sales. It's too hard to make sales by the smaller keywords. If it's a situation where the really large keyword, your item, doesn't fit in well there, like then you know that shouldn't be an item you're focusing on. But in order to be able to bid effectively on those keywords, you need to start building some ad relevancy. So what you'd seen work best is like building some campaigns around a lot more targeted keywords and build some relevancy there and then from there, like when you start bidding on the main keywords, you'll start being able to win them much easier and much better.   Carrie Miller: Do you mean like long tail keywords, like, for example, like bookshelf, like you would say large green bookshelf and you would target that instead of just bookshelf?   Michael: Exactly, yeah, and with Walmart, like you don't have to go even that long tail, like sometimes it's even two words, right. So like a white bookshelf, a bookcase, a green bookcase, but things like that, and you'll already have, you know, some volume there. That already allowed you to start converting.   Carrie Miller: Another question for you about ads. Then I noticed whenever I'm shopping on Walmart I haven't seen many people utilizing video ads. Do you know why that would be? You know? Do you think they're really good converting tool for you know? Because I think they're only a dollar and I think that's pretty cheap for a lot of people who are moving over from Amazon, or like just a dollar or something. They're not that expensive comparatively to Amazon. So I'm just curious why you think maybe there's not as many video ads and what you think? You know how well you think they're doing?   Michael: Yeah, so we've been having good success with video ads. It's really great if you have good content about your product and there is good video, so to say, do about your product. You're getting so much brand visibility and just for low costs. Like you said, the reason why it's not in a lot of categories is, for the most part, it's usually people not bidding on it. Like you have to accept the video ads and most people are just not doing it. So a lot of times, like we'll see really good success there, then some competitors start the video ads because we're doing it and then it starts becoming not as economical. But in the beginning you could get some good boost out of it.   Carrie Miller: Any other strategies or anything that maybe I haven't covered, that you wanted to talk about in this?   Michael: I think that's good. I think just pay really close attention to the updates and things that are coming out from Walmart, like if you're pretty quick to jump on those, you know some of those programs could help move the needle. So and just plan a lot around promotions. Like there's a lot of leverage with promotions. Like try to plan properly around how to position your promotions. It's a longer conversation but there's a lot to unpack there. So definitely try to have a better eye for the promotional angle.   Carrie Miller: I did see like Black Friday it came up pretty quickly. Is that kind of how Walmart works? Is like the deals come out pretty quickly, you have to move fast and say you want to do them, or is there a planning process for them?   Michael: There's a planning process. If you have an account manager, like holiday deals get planned way in advance, but there's also like the prime equivalent event that they do around prime things. So like definitely want to plan ahead with your account manager and ask them if there's any opportunities for your items to fit into any of their promotions and see if there's any opportunities there.   Carrie Miller: Okay, all right. So we've got a question from Lady and the Storm. How long is the process to get approved?   Michael: To sell on Walmart. It could either happen right away, it could either take a few days, it could either be a denial. So you know it really depends on. But if you really, if you fill out your information properly and you double check it all and you fill out your information properly and all the paperwork and everything matches up and you're, you know it looks like you have a decent Amazon store, like you know, you shouldn't have a problem getting accepted unless you have, like another application before. And most people, by the way, that come to us with like a non accept, like denied accounts, it's usually like they have another, they have another, they have another account they tried opening. It's linked on the email, there's that to like all these bunch of things. But just, I think it's very important to make sure you really think through your application, make sure that you know you have everything filled out and if you already tried applying in the past, like reach out about it rather than opening up another application, it'll just get both your applications, yeah you can reach out to sell cord.   Carrie Miller: Michael does has helped some people that have gotten rejected. That I've sent over to him. So reach out to them if you do have some issues with that. And also have they kind of loosened the guidelines on? You know, do you have to be an established seller still? Or I've seen some people who, like maybe started a new brand and then they applied and they got accepted. Is that the kind of the norm or is that just kind of like? They got kind of passed through and they got lucky.   Michael: No, so they're starting to accept like newer, smaller sellers. It depends a lot on the products you sell and you know it goes there. It goes under different teams based on the main category that you're under. So you know there's definitely there is there. There changes a little bit but for the most part we started seeing new small applications get approved.   Carrie Miller: So it is dependent on the category. So that's a good thing to note. Okay, next one from Lynn how to manage Amazon PPC. Okay, so we're not doing Amazon. See, for example, how to add negative keywords in Walmart. So okay, so I'm going to try to sit rephrase this, maybe in Walmart terms, because this we're not talking about Amazon in this one, but how to manage Amazon or Walmart PPC. The platform is different from Amazon. For example, how to add negative keyword in Walmart Seller Center.   Michael: Yeah, so Walmart Seller Center doesn't have negative targeting yet they're adding it so that they're adding that there's new things that came like conquesting ads and stuff like that, so there is newer things for targeting. But, yeah, negative is gonna come soon.   Carrie Miller: Yeah they said it was on the road map. So yeah. Alright. Next lady in a storm asks how long do you have to ship your items?   Michael: So it depends on how you fill out your shipping template. So you just have to whatever you fill out in your shipping templates, like that's what you have to when you have to meet. So if you fill out two days, you're gonna have to make sure it's two days. It's a fill out one day. So it depends how you manage your shipping templates. I think there's a minimum. There's like a maximum, though I'm not exactly sure what that is.   Carrie Miller: But I think it's seven days. This is the max. Can you analyze wholesale for sales data in competition with helium 10? You can with x-ray. So you can, you know, find the products that you want to sell and you can actually Utilize x-ray to look at sales. So that's a great way to do it, mostly. And then also, you know, you can also look at the sales rank as well in the back end of seller center. You can utilize that information and then any information that you get, like if you have Pacvue or using kind of a software To help you to run your ads. You can see some more data in there that way, but I would say mostly x-ray for helium 10, go ahead and go to the, the main page for the price that you're selling, and then pull, pull our Chrome extension and it'll show you the sales data there. Um, okay, is tied? Janak Ranchod said is title density as relevant to Walmart listings compared to Amazon listings?   Michael: Yeah, so I'm not sure exactly what it's meant by that, but Title Density on Helium 10 is basically Keyword phrases on Amazon.   Carrie Miller: So if you, for example, green bookshelf and you wanted to target green bookshelf but if, like 50 competitors on page one have green bookshelf in their title, it's gonna be really competitive. However, if that phrase you see that maybe only one or two have just that same exact phrase, then you can actually rank for it a lot easier on Amazon. So it's basically like the exact phrase form and how many competitors have that exact phrase in their title.   Michael: Yeah. So I have a different approach when it comes to ranking on Walmart and you know everybody's got their own opinions. But my approach for ranking on Walmart is more about you have to find the keywords that have the most volume and then, based on the most volume, you have to then analyze who's taking the conversion share of those keywords and then understand their product, their price points and, if you're on the features around their product, if your product Matches up well enough to their product, meaning you're just as you have just as much features, your item is just as good, if not better, and your price points competitive enough. That's what you want to target because you know if you get there you'll convert and you're gonna have to check their PDP and make sure like your PDP is better and all that kind of stuff. But the problem is, if you're focusing on, if you do all that research, but you're focusing on key on items, on keywords, that the items that converting in the shelf, you're not gonna, you're not gonna match on, you're not gonna match one next to it, doesn't matter if you rank, you're just gonna start de-ranking because Walmart's so heavily based on conversion rates. So I that's kind of our approach to it, and also because the Significant keywords are the only ones that drive legitimate volume, like there is some volume done from other keywords but it's usually not significant enough loose is asking Do you recommend to start Walmart even when just started on Amazon? I would say it depends on their products, your storemen and a little bit of more about your company. But as a whole, usually not usually, I would say like build your brand, build a little bit of your capabilities off of Amazon. It's gonna be hard to tackle both at the same time and then start with that.   Carrie Miller: So you think starting on Amazon first is a good idea, and then yeah. Okay, the next one. Jenak asked. I hope I'm saying your name right, Jenak. Jenak, can you simply copy your Amazon listings to create your Walmart listings?   Michael: You shouldn't. That's a big no-no. You should Rewrite your listings like you can use the same core of information. You should rewrite your titles, descriptions, key features, to be optimized based on Walmart style guide. So number one, the keywords that you care about, are going to be different. Walmart wants shorter titles, they want different style, descriptions, key features. So for the most part, all that's different. So you really that's kind of the biggest Task is to just make sure you're optimized specifically for Walmart.   Carrie Miller: Yeah, I think it actually kind of hinders you on your listing quality score when you do that. So yeah, Lynn asks are you going to host a Walmart PPC management session? We really need it. I think we can arrange that in the in the near future. So we'll definitely work on that and if you haven't joined our one winning with Walmart group, that's probably where we'll do it. So make sure you're in our helium 10 winning with Walmart group if you want to do that. Alright, it looks like we've come to an end of the questions. I think that we had a lot of great information. Oh, we got another question. I will put this one up here. Let's see here. Mr. Kamal says how much revenue Should you have on Amazon to consider yourself to move to Walmart?   Michael: So I mean, the revenue number is a hard thing because it depends on your Category and the type of items you sell and how competitive is on Walmart versus how well you're doing on Amazon. A lot of times, if you really started tapping on your Amazon and then definitely make sense to spend one by once, you already have some traction and you have a good hold. You have good products, like you know, I would I mean, we're a big fan of Walmart's a lot of times will tell people to start pretty early on. So it's just, I think, less about revenue numbers because it's so dependable based on different brands. I think what what's important to understand is like do you have good enough products that are? You know? You feel like you know you could move properly on Walmart. Is enough volume for them on Walmart? And what is that? What is what type of a volume are you looking for it to be worthwhile for you to kind of take on the endeavor? And then you know, yeah, and, and based on that you could really analyze, okay, are you ready to move, and what that would look like and just expand not move, but expand.   Carrie Miller: All right, it looks like we've come to an end of the questions. Thank you everyone for joining and for just, you know, interacting and asking all these great questions throughout. And thanks again, Michael, for joining us. I know it's been a while since you've been on and I'm really happy that you were able to answer a lot of these questions for us. So thanks again and we will see you all again next month. We'll have another guest for Winning with Walmart Wednesday, and we'll see you then. Bye, everyone.

Amazon Legends Podcast
White Hat Hacks For Success From An Amazon Veteran - Melissa Burdick - Amazon Legends - Episode #294

Amazon Legends Podcast

Play Episode Listen Later Dec 14, 2023 64:44


In this week's episode, dive into the world of Amazon with Melissa Burdick, President and Co-Founder of Pacvue. Drawing from a decade at Amazon, Melissa shares invaluable insights, from the early Wild West days to cultivating an entrepreneurial mindset. Uncover her transition from corporate life to entrepreneurship, shaped by Amazon's culture. Explore the impact of family, education, and personality traits on her journey. Melissa recommends essential tools like Helium 10 and Pacvue for success in Amazon's dynamic landscape. Don't miss this chance to gain wisdom from an Amazon veteran! Connect with Melissa on LinkedIn, and tune in on Apple Podcasts, Spotify, Google Podcasts, Podbean, or YouTube. Optimize your Amazon journey with white hat hacks and Pacvue's expertise. Takeaways :Understanding the Early Days of Amazon: The early days of Amazon were described as the "Wild West," requiring sellers to figure things out as they went along.Adopting a Problem-Solving Mentality: An essential mindset for success is the ability to face challenges with a problem-solving mentality. When one door closes, another opens, and sellers need to be adaptable.Entrepreneurial Mindset: The guest speaker emphasized being wired with an entrepreneurial mindset, drawn to the dynamic and entrepreneurial environment at Amazon.Unconventional Career Paths: The speaker's older brother worked for the State Department and lived in Tajikistan and Afghanistan, showcasing unconventional career paths within the family.Liking to Tell People What to Do: The speaker admitted to having a trait of liking to tell people what to do, possibly indicating an early sign of an entrepreneurial mindset.Pacvue and Amazon Experience: Pacvue, the guest's company, is highlighted as a result of her experience at Amazon. Working at Amazon felt like managing her own business, contributing to the decision to create Pacvue.Collaboration with Helium 10: Pacvue and Helium 10 joined forces, providing solutions for both small businesses and enterprises, with Pacvue primarily serving those with a yearly ad spend of $250,000 or more.Quote of the Show:Amazon and Walmart compete fiercely for small sellers, with Amazon leading the charge by offering user-friendly tools like image and video templates. The battleground is set for e-commerce dominance, as both giants vie to attract and support emerging entrepreneurs. Links :LinkedIn: https://www.linkedin.com/in/melissaburdick/ Want To Level Up Your Business? Register With Our SponsorsViably is the complete financial solution to help e-commerce business owners extend their cash flow through funding. Viably's revenue-based funding programs are designed to provide online sellers with the funding they need to achieve their business goals. Whether you need to increase your inventory or ramp up your marketing efforts, Viably can help you access the capital you need to succeed.Claim your extra $1,500 when you qualify for $25,000 or more in funding. Go to www.runviably.com/legends  and start your application today.Amazon often loses inventory or overcharges fees. With Arthy, you can recover up to 30% of your lost revenue. At a monthly flat rate of only $99 with no commission fees for unlimited reimbursements, you can increase your bottom line. Their automated, Amazon-compliant process ensures hassle-free refunds.Visit https://www.getarthy.com/feature-lp/reimbursements and sign up today to get one month free and discover your recovery potential!

Serious Sellers Podcast: Learn How To Sell On Amazon
#516 - Amazon PPC Strategy and Insights Deep Dive

Serious Sellers Podcast: Learn How To Sell On Amazon

Play Episode Listen Later Dec 9, 2023 43:24


Get ready to immerse yourself in an enlightening discussion and AMA session with Matt, an expert in advanced strategies and Amazon PPC. Join us in this TACoS Tuesday episode, as we answer questions about variation listings, auto campaigns, broad campaigns, and ranking. We also take a peek into Matt's impressive background in e-commerce, recounting his experiences with selling textbooks and private-label products. Hear us as we dissect Amazon's latest data tools like Product Opportunity Explorer, Search Query Performance, and Brand Analytics and discuss how these can help sellers optimize their advertising strategies in this highly competitive market. As we journey deeper into Amazon PPC campaigns, we touch on our “north star metric” of two sales and a click-through rate above 0.2%. Learn about the significance of negative matching and how to identify underperforming keywords using the search query report. We also shed light on the benefits of using software like Pacvue for automation and analytics and how it can save you time and effort. Plus, discover the advantages of day partying and understand the impact of different match types on campaign creation.   Lastly, listen in as we dissect the topic of Amazon PPC and how to leverage it to drive sales and boost profits. We share the calculation for adjusting bids based on target ACoS and emphasize the importance of not solely focusing on ACoS as a metric. We also touch on the recent announcement of Sponsored TV and its potential for both large and small brands. Tune in as we demystify the misconception that PPC must always result in immediate profit and share strategies for effectively utilizing broad keywords despite their increasing cost. This episode is packed with practical advice, insightful discussions, and cutting-edge strategies to help you win in the world of Amazon selling.   In episode 516 of the Serious Sellers Podcast, Bradley and Matt discuss: 00:00 - Expert Matt Altman Discusses His Amazon PPC Strategies 07:59 - Keyword Promotion, Sales Metrics, and Negative Matching 11:59 - Maximizing Advertising Efficiency With Pacvue 15:44 - Bid Adjustment and Amazon Sponsored TV for Sellers 23:28 - Amazon PPC Strategy and Optimization 28:21 - Analyze Ad Performance With Feature Pack 32:25 - Using Keywords for Effective Campaigns 35:27 - Boost Search Ranking With Brand Name 37:29 - Amazon Variations and Outside Traffic Strategy 43:08 - Invitation for January Case Study ► Instagram: instagram.com/serioussellerspodcast ► Free Amazon Seller Chrome Extension: https://h10.me/extension ► Sign Up For Helium 10: https://h10.me/signup  (Use SSP10 To Save 10% For Life) ► Learn How To Sell on Amazon: https://h10.me/ft ► Watch The Podcasts On YouTube: youtube.com/@Helium10/videos Transcript Bradley Sutton: Today we've got one of the world's foremost knowledge experts on Amazon Advanced Strategy and PPC Matt back on the show and he's going to be answering all of your questions live, as well as answering a lot of my advanced questions on things like variation listings, auto campaigns, broad campaigns, ranking and much more. How cool is that? Pretty cool, I think. Want to keep up to date with trending topics in the e-commerce world? Make sure to subscribe to our blog. We regularly release articles that talk about things such as shipping and logistics, e-commerce and other countries, the latest changes to Amazon Seller Central, how to get set up on new platforms like New Egg, how to write and publish a book on Amazon KDP and much, much more. Check these articles out at h10.me forward slash blog. Bradley Sutton: Hello everybody and welcome to another episode of the Serious Sellers podcast by Helium 10. I'm your host, Bradley Sutton, and this is the show that is our tacos Tuesday PPC show of the week or of the month, I should say where we go in-depth into anything and everything Amazon advertising with special guests that we have, and this week or this month we're going to have a special guest. We're going to invite him up. We're having some technical difficulty. I'm here at the Helium 10 office actually here in Irvine, California, today. So I don't have my regular setup here, but wanted to make sure everybody's having a great Q4. So far, all right. Let's go ahead and bring up our guest of the month, and it is Matt from Clear Ads. Matt, how's it going? Matt: Good, how are you doing, Bradley? Bradley Sutton: Doing awesome, doing awesome. Where are you actually watching us from? Where are you located? Matt: So currently in London. So we're here in London for the next few months, but we moved to Spain about six months ago. Bradley Sutton: Oh, nice, how's that been. Matt: We're in Barcelona. It's been great so far Loving it. Bradley Sutton: Awesome, awesome. Have you been to any FC Barcelona games since you've been out there? Matt: We haven't yet now, but it is at the top of my list. Bradley Sutton: Yeah, I've been to a couple when Messi was still there. Of course, those are good times. Love Spain Now, just in general. We've had you on the podcast before and you gave us really cool strategies in general. Today we're kind of going to be focused on PPC. That's like one of your specialties, but can you talk a little bit about your background and how you came into that Amazon space, if maybe somebody might be listening to you for the first time? Matt: Yeah, definitely so. Been in the space since around 2011, started in college actually selling textbooks and retail arbitrage, so did that for about three to four years. Kind of scaled up my bankroll to where I could get into private label and jumped at it and honestly launched a bunch of crap. We did really well for a few years until a lot of the manufacturers just started going direct to Amazon and had some pretty bad years. But pivoted, got into supplements and food and that's been for like the last six years. Bradley Sutton: Awesome. Now you are known for a lot of like really next level strategies. We've had you before at our elite workshop and things. And so thinking just first of all, I mean it could be about PPC, but just thinking outside of PPC, almost with all this new data that Amazon has come out with in the last couple of years, I mean I think a lot of us were even surprised years ago when Brand Analytics came out. And then nowadays, search career performance and things like that, this is stuff that I would say I don't know about you but me. Like four years ago I would have bet $10,000 that there's no way Amazon would ever tell you exactly how many sales are coming from a non-normalized search and what the click share percentage of top 10 competitors are, and this and that I mean people were paying Amazon employees thousands of dollars for these underground reports that weren't even as robust as what is now available for everybody. So what's your favorite thing? I'm assuming it's search career performance. Your favorite thing that Amazon has come out with? And then what part of that especially do you think is super powerful that Amazon sellers should be using? Matt: Yeah. So I would definitely say search career performance is up there. I would say they haven't changed too much about it in the last like year and a half, but really, where we've been getting a lot of knowledge and data from is Product Opportunity Explorer. I would say like this used to be kind of bland, like years ago. They recently updated it, and the amount of data that they are giving you is insane. I mean, they're telling you exactly if you sell such and such supplement. These are the 15 keywords that matter. Here's the trends on that, here's the seasonality. Like every data point that you really need is there, and that's what you need to win on, I would say. The other big one, though, is the new reports in the brand analytics, where it's giving you greater details into your customer segments. So, like we sell and consumables, and we've always kind of taken a strategy on ads that's hey, like, even if our cost is 100%, what is our cost per net new customer? And we were trying to manually calculate that previously, and now they're telling you specifically by week, how many returning customers, how many net new customers you have. So it's really helped us dial in the ads for that specific strategy. Bradley Sutton: Okay, cool, like. One thing I always liked about Product Opportunity Explorer even when it was kind of bland, as you said was seeing how many, for example, how many products it took to make up or in the old days, 80% of the sales for the entire niche. Now they kind of like, without even announcing it, they change it to 90%. But then it'll be interesting to see that you know some, you know quote, unquote markets or niches, what they call it you know, would have like 200 products, means like it's kind of like wide open, it takes 200 products just to make up 80 or 90% of the sales. And now you know there might be some where it's like only 40 or 10, you know like or like wow, there's 10 people dominating this. Now how would you personally use that information? Like is one or the other like better than the other? Matt: Yeah, so the great thing about Product Opportunity Explorer is it really shows you what keywords are driving the sales for those. So more than how many products are there we're looking at, are there branded terms that are in the Product Opportunity Explorer.  So like an example that we were looking at this past week was for a floor cleaning product and we saw that of the 20 top like 50 keywords, bona was one of the main sales driving keywords. Like, even if there weren't that many products in that category, we aren't going to be able to overcome that branded search deficit. So it's just not something that we would go into Um, but we definitely prefer to go into categories where those sales are spread across more Um. The main reason for that is we really like to do kind of um I would call it kind of like tailgating. We like to kind of stay behind everyone and we'll pull like 10% of the sales from this person, from this person, and you can kind of pick off keywords from certain top products and they may not notice that you're coming up and then you can really use that to catapult yourself to the top of the category before the rest of the products in the category realized what's happening. Bradley Sutton: Interesting, interesting, all right Now. Just, you know switching gears and going, you know kind of like PBC. Let let's do like some kind of beginner question, then let's do some some, some, some advanced things. But just, I always ask a lot of the, the the tacos Tuesday guest, about their strategy on this, because I think this is applicable almost to any level of seller. But what's your, your kind of like rule set as far as uh, when you promote keywords from like an auto or broad to to an exact, and also when you negative match on the promotion side, like, in other words, like are, are you looking for at least you know just one sale, or does it have to be two or three, like in the auto and then, and then, and then you, you put it in um or what. What's your criteria for for moving something from an auto to a exact? Matt: Yeah, so short answer. We're usually looking for two sales and a click through rate above like 0.2% Um. That's kind of like our North Star metric Um, but it really depends on the strategy of that campaign. Um, like, if we're wanting to run a lot of just awareness, we're going after ones where we may not even have sales at all but we have a high click through rate because it's a discovery keyword, that someone's kind of navigating that category with Um. So it varies, but typically it's two orders and above like a 0.2% click through. Okay, Awesome. Bradley Sutton: On the flip side, when are you negative? Uh matching, like uh, is it a certain number of clicks? Uh, is it a certain number of clicks that, uh, you have to have? Is it spend that you're looking at without a sale? Um, and then the follow-up question to that is are there scenarios where you're like not just automatically negative matching but you're like, oh shoot, this is like an important keyword. I got to figure out why in the heck I'm not converting on it before I go and just blindly negative matches. So it's kind of like a two prong question there. Matt: Yeah, Um, so this is, this is where really the search query report kind of data comes into play. Um, we're looking at, hey, like for competitors, um, like, is this performing? Kind of what's happening? Why aren't we getting sales? Um, we'll go ahead and test, possibly changing out our titles, our images, um morph towards those keywords and seeing if we can produce some sales through that. Um, but again it kind of goes back to, like, you know, the, the, the, the sort of focus that we used over a year and a half. Back to like, what is the source of that keyword? Is it really a converging keyword? Is it a discovery keyword? Like, we have a few keywords that we spend thousands of dollars on a month on my own brands, where we maybe get one or two sales Like it's out of loss, but we know it's a keyword that someone that's looking for a type of product uses is like their first term when they're trying to figure out which one to buy. And we just want to make sure that we're always top of mind really hard to like, distinguish that out and see that you were getting benefits from that. But now we're able to go a little bit deeper in that funnel and see that like yes, this is actually driving sales further down the funnel for us. Bradley Sutton: Okay, cool, cool. Now on the more advanced side, like you know, as I just threw on my, my pack view, my pack view jacket here, what, what are you? You know, like I know you've been using pack view for a while, but you know somebody out there my in general not understand, like you know, some of these services. You know pack view is not like oh yeah, you know, $49 a month subscription, but no, it's, it's, it's, you know costs, costs some money to you. So at what point does does it make sense for somebody to to like say you know what, I'm overdoing these Excel spreadsheets, I need to use a software. And then what? What makes a software suite like Pacvue so valuable? Like, how to you know? Cause you're not going to be paying money for something for you or your business or your clients that doesn't give you good ROI. So why is it worth it for you? Matt: Yeah, yeah. So we've been using Pacvue for gosh almost like seven years now. I think we were one of the first like agencies at my prior agency to come onto the platform and we love it. Honestly, wouldn't go anywhere else. So first thing I did when we came to Clare ads, we actually started switching all the accounts over to Pacvue. But in reality I would say it's usable for every level of seller. But we've had a lot of accounts come to us that may be using it but they don't know how to actually use Pacvue to its full advantages. They aren't taking advantage of all of the automations and analytics that are on the back end there. But I would say, even if you're a smaller seller like in using something that, like Bradley said, is $49 to $59, like even though Pacvue is gonna cost more, you're going to get so much more out of it. It will make your ads been more efficient. You will see better results as a whole. Like make the switch now, because it's a lot easier to switch when you're starting out and you have very few campaigns. Like migrating accounts over that have 400 campaigns already. Like it starts to get hard and you've got to really rework a lot of that. So I believe in doing it right from day one, and you're gonna save yourself a lot of work down the line. Bradley Sutton: Now, one of the things Pacvue does that probably eventually is gonna come to regular sellers might have some visibility in this aspect, but it's kind of like the ability to do like day partying and things. So is that something that you guys actually do Like? Do you use that service of turning off ads or changing budgets at certain times of the day and if you are, what's your criteria when you're looking at that? Matt: Yeah, so we do use that on every single account. We use it in one of two ways. One is we're manually adjusting it based on, like our peak sales hours that we know of, if it's a high selling account. But on other accounts, Pacvue actually has an awesome feature where you can set up a day partying scheduler based on conversion rates, click through rates, number of orders by hour, and it will dynamically update that based on a trailing two week, three week period, whatever you set it to. So Pacvue really does a lot of the thinking for you and eliminates kind of that concern from your mind. Bradley Sutton: All right, let's see we've got from Dota In Amazon PPC campaign. Should I create one campaign containing an ad group for phrase match exact and broad, or should I create each match in their own campaign or like? So I guess he's saying like maybe he should have different ad groups in one campaign or do you just have like one ad group per match type, per campaign? Matt: Yeah, so I'll tell you why we do it a certain way. I would say this is definitely kind of interchangeable depending upon how you want to manage your campaigns, but in order to have full and absolute control you need to have a separate campaign for each of these. A good example of this is we had a client who came to us. They had a lot of mixes within their ad groups during Black Friday, cyber Monday, they upped their bids with top of search modifier and they didn't realize that it would affect their broad targeting terms, that they were spending like $7 on broad terms and just getting placements everywhere and tank the performance. So we always break them out into their own campaigns and then even from there we'll typically segment out, like superhero keywords, into their own single keyword campaigns. Bradley Sutton: Okay, excellent. Let me see we've got another one here from Kim Kim K. I don't think it's the Kim K. Hey guys, do you have a calculation that you use to determine how much to adjust bids? Longstanding sponsor campaigns with lots of history is the focus target. Acos, thanks to Vets. Matt: Yeah, so this is pretty easy. You can put together a pretty simple formula to figure out bids based on your target ACOS. So, off the top of my head and I could be saying this wrong we have it in Excel sheet. But you're really just looking at cost per click times, conversion rates, and then equals your ACOS over that. I would say we typically don't optimize any campaigns towards ACOS. I think it's something that's been brought up a lot across, like the Amazon ecosystem, and it's never really the best metric to look at. We've had a lot of accounts that have come to us where their sales have depleted over the last year, year and a half, and they're running very efficient. Like 20% ACOS. Tacos are like three to 5%, like the account looks healthy but you're undermining the daily velocity per keyword that you can achieve, which ultimately kills your organic ranks, and then you may not see it now or three months from now, but six months from now you're gonna be like what the heck happens and it's really hard to climb yourself back out of that pit. Bradley Sutton: Yeah, yeah makes sense. But just in general, before I go into some more specific ones that I had. You know, we recently had Amazon unbox and there was a number of announcements one of them being sponsored TV, that create a lot of buzz. But the question I think a lot of people have is is, well, that's still something, or maybe only for humongous, you know sellers like first of all, is that true, or is there a path to using sponsored TV for, you know, maybe there's a low seven figure seller, high six figure seller, and then is it kind of only for brand awareness, or do you think that there's? You know the way that they're doing it, sometimes with QR codes, you know, like on Black Friday football game that they had, where there's a direct to purchase link or is it more for brand awareness, do you think? Matt: Yeah. So we ran some over Black Friday, cyber Monday, across large and small brands and actually saw decent performance on quite a bit of them. I would say the biggest factor that really drove it was the quality of creative. A lot of our smaller brands didn't have the creative backbone to really fulfill a huge TV push like that, and that's probably the guardrail that smaller brands are going to have trouble getting over. Like you can't take a $200 video off the Fiverr and put it on TV and expect it to do well. So really focusing in on the creative and making it more like a TV commercial definitely helped for us. But we did have some very basic like stop motion slide animated videos with just some text over them and they did pretty well as well. So I would say it's worth trying out. Just make sure you're really narrowing down those audiences that you're targeting, because the CPMs on it are extremely high. But test it, put $20, $30 behind it per day and just really see what you can do. I do think this will kind of be a big lever that larger brands can definitely lean more into to increase that awareness as they tap out other pieces of DSP and Amazon ads. But smaller brands is like it's just as evil, even as a playing field. But the creative does have to be elevated. Bradley Sutton: Okay. William says should I expect to see profit from PPC? I rarely see profit, however, the volume of sales increases. Where I see profit Maybe he's kind of like talking a little bit of tacos here, or like you know people, I think the narrative nowadays when you hear, when you hear sellers, is oh my goodness, like PPC is so expensive, like I don't even know how I can be profitable. But it's not always trying to just make profit on the exact ad. Right, talk a little bit about that. Matt: Yeah. So like one question I always ask sellers that even like potential clients that come to us when they're complaining about profits or tacos or a cost, I'm like, what's your CPA? And honestly, I can count on one hand the number of people that actually knew their CPAs by product that we've talked to. Every other ad channel you look at CPAs, whether you're running on meta, TikTok, whatever you're looking at CPAs, and every time we've run the numbers the CPAs are way cheaper on Amazon than they are on any other channel. What that means is yes, probably there are some categories where you're going to run PPC at a loss, Like on my brain, main brands. We run PPC at a loss because it keeps our velocities up, it keeps our organic rankings up and you'll see those metrics in your tacos. So really, tacos is kind of your guiding light on that, but really setting in stone a target CPA and not adjusting your bids based on a cost or tacos. But as long as you're hitting that target CPA, you're continuing to see growth. That's what we really like to maximize towards. Bradley Sutton: Excellent, thank you for that. William Guarov says hey, amazon PPC is getting costly. What's a strategy to play with broad keywords? And then maybe I can piggyback on that and take a step back. Broad it seemingly has almost changed over the last year or so. I could kind of predict what would come with Broad. I would use Helium 10, magnet, I would do the smart complete and then I could see all the Broad kind of variations. I kind of know what could potentially come up here Now. I might have coffin shelf as a Broad match and then I'll get thrown in like Gothic decor, like not even the same, doesn't even share the same keyword, and so maybe I'm not sure, if that's what he's talking about there, how it might be getting more expensive. And then if, if so, like, like, how do you deal with that? Matt: Yeah, so I'll answer this and I'll answer more about kind of what you went into, Bradley, because I think that's a bigger picture that people need to look into in the future of Amazon. But really when we're running Broad, we're running modified Broad campaigns so that we're at least trying to get more exact towards what we wanted. I will say it doesn't always work. Sometimes you still get those keywords way out of left field, but you have a bit more control. But I would focus again really on the search query performance data and the product opportunity. Explorer, like Amazon, is telling you specifically what keywords are being searched and what's being purchased. Broad isn't as useful for us as it used to be like. All that data now is getting piped back to us and using Helium 10, using Pacvue, you can find pretty much every keyword that's going to be a converting keyword. The biggest thing that we've seen Broad actually do for us here recently and I would say for the last six months, is it's allowed us to catch on to like TikTok trends that are basically going viral and it's picking up those keywords quicker than we would be able to pick them up. So that has been a huge opportunity. But there are a lot of other, like TikTok, specific tools that you can use to kind of find those trending things to get them into your ad campaigns. Matt: The bigger thing kind of on how Broad has expanded is Amazon, like Google and other search engines, is really kind of shifting towards a semantic search, which is why, like you're coming up for Gothic decor and things like that and you've probably heard other people in the space talking about semantics this has been key in, like Google, seo for the last few years and it's only going to get more and more relevant in Amazon as Amazon starts to switch more towards an AI learning model for their specific search. So a lot of what we've been doing and working on is, for example, typically if you're creating your listing, you'd find your keywords through Helium 10, you'd use Scribbles to craft your listing, make sure you get all your keywords in there, but, like in your example, gothic decor that is a huge semantic keyword that is relevant to your coffin. We would go ahead and put that on the back end or try and figure out how to fit it into the bullet points, because it's just a checkmark that Amazon's looking for now because semantically they're saying you should say something about Gothic with your current product and a lot of products that we've been optimizing towards this on, we've seen success like crazy, probably more than anything else that we've done in the last year and a half. Bradley Sutton: Okay, interesting, let's see. Guarev has another question here. What would be the ideal ratio performing and non-performing keywords in broad? Not sure if I understand that question fully, but do you know what you might be listening for? Matt: Say like in broad you're going to have a lot more non-performing just because of the control factor. Unless you're using a lot of negatives, negative phrases, throughout it, I would say we don't really look at the ratio of performing and non-performing in broad because really where we're caring about performance is on our exact match. We aren't caring as much here. We're using this to seed keywords, so even if they are performing, they aren't staying in broad that long if they are. So typically for us it would be like 90 to 95% are non-performing. Bradley Sutton: Okay, Now switching gears to auto campaigns. What's your strategy as far as, like the close match, loose match substitutes? Do you keep them all in one campaign or do you actually segregate those targets in separate auto campaigns? Matt: Yeah, so we actually mix it up. We've seen hit or miss performance on these when we break them out, for whatever reason. Sometimes they work better even with the exact same beds when they're all together. I don't know why that happens, but we typically test both and then whichever one's performing, we pause out the others and let one continue on. We do do a lot of negative matching in our auto campaigns that we're bidding on elsewhere, but we do also always still run a super low bid auto campaign. We negate out brand of terms and run them at like 30 cents per click, and I was just looking at account before I hopped on here Last week one of them got 135 sales for like $22. Like these campaigns still work, I've used them honestly as long as I've been selling on Amazon and we always set them up for all of our products. Bradley Sutton: Now, going back to software, software like Pacvue Adtomic. One cool thing that we can do is I could just see a search term, but not just at the campaign level. I could see it in all campaigns. Like, let's say, in an auto campaign, for example, I got a coffin shelf and in that campaign I had 40 clicks and zero sales. And let's say I felt that it wasn't too relevant of a keyword. I'm like, yeah, I don't want to keep spending money on this. Obviously, at 40 clicks I would negative match it. But with the software I can see that, hey, it's getting impressions and clicks in a broad campaign over here, maybe an exact campaign over here, but in those campaigns there's only like maybe five clicks. So, theoretically speaking, if I was just looking at that campaign in isolation, there might not have been enough information to be a negative match. But since you have so many negative or clicks with no sales in one campaign, do you just go ahead and say you know what, across the board, I don't want this keyword showing up in any of these campaigns. Or do you let the number? Do you let it roll? Do you let it ride in those other campaigns? Matt: Yeah, so great question. This is actually a feature pack view that we use every single day because you see a lot of variance in this and even like moving keywords over to exact match. But it may be in phrase that have dead like a third of what your exact match one is. Whatever reason, the phrase one is serving like crazy and you're getting sales. The exact match one isn't. So we look at this daily and we're trying to figure out one like why isn't our exact match getting served? Like hey, what's going on here? And adjusting the bids and keeping a close eye on it. But typically if we're seeing performance elsewhere, we'll keep it on, mainly because we don't know exactly where that ad is appearing Like. I mean, we now know like top of search, rest of search, product pages, but we don't really know granular details. This is also something that pack view does really well. When you have your share of voice turned on, you can see exactly where your ads appearing and what placement, what percentage of time. So using pack view or actually I don't know any other tools that do it as deep as pack view does on that We've been able to really narrow it down and figure out like, hey, this one's performing really well and slot four of ad positions. Like we can't get served for this one and slot two or three, and we can readjust our entire strategy for that keyword for position four and actually set up automations in pack view to make sure we're always in sponsored position four. Bradley Sutton: Nice. Now, speaking of that, how are you keeping at top of search? You know like I'm kind of old school where you know you're more old school than me, but you know like in my days when I first started learning PPC, there was no, you know, top of search modifier and things like that. You just raise and lower the bits and I kind of kept doing that because, like you know, I obviously with helium 10, like I'll turn on the boost and keyword tracker and it's checking 24 times a day, rotating, you know addresses and browsing scenarios. So I kind of like, no, am I showing up in top of search and sponsor or not? And I've just kind of like kept doing that. Now, are you still doing that, or do you use those those? You know like, hey, I'm going to go 200% for top of search or some kind of formula like that. Matt: Yeah. So I'll say when the bid modifiers first came out like they were amazing. We could bid like 60 cents with 900% top of search and get crazy conversions and everything was great. Too many people are using them now and it's kind of just a battle of who's going to pay more to get that position. What we've actually switched most accounts over to is actually using pack view organic and paid position bidding. So we'll set up rules to basically increase the bids until we're in position one and that will like set our new base bid if we're going for top of search and then we'll use that and then look at our percentage of serving time through pack view into that and adjust as needed. Like. One nice feature is you can set like I want a 90% top of search share of voice for this keyword and pack view will automatically update your bid without the modifiers, because sometimes using the modifiers can get out of hand quickly and you could spend your whole budget and one day, if the keywords big enough, within a few hours on one of the 50 keywords in your campaign. So we really rely on pack view to figure a lot of that out for us and optimize the perfect position for ads and we've kind of stepped back away from modifiers. The one place we do still use them quite frequently, though, is product page modifiers. We do a lot of product targeting where that's really what we're going after, and it does seem to still work well for us there. Rest of search hasn't been a great modifier for us as of yet. We have better success using set rules and pack view to manage that versus the rest of search modifier. Bradley Sutton: OK, cool, I got a fight to bring that into Adtomic. I didn't know that pack view had that Nice Two part question here from Duda how do you use these keywords Electrolyte protein phrase match and then electrolyte protein powder phrase match? My issue is that they are my main keyword but they generate different variations in customer search terms with different variations. With only one click or two, the most Out of those 50 different search terms that get that those main keywords are generated. How do I pick those that convert it? So I'm assuming that he's got two targets here and that maybe he's getting clicks on a whole bunch of long tail versions of this. Perhaps, if I'm deciphering this correctly. Matt: Yeah. So it depends on how that campaign is set up. So a typical phrase match campaign for us we would never put those keywords into the same ad group or campaign because electrolyte protein is electrolyte protein powder phrase. If you do have them split out into separate campaigns, if you have different bids there, one's going to serve over the other always. You have no real control in that. So I would say if it were me, I would just do electrolyte protein as a phrase match and get rid of any type of variation possible and use that as my guiding light. If you aren't getting served typically I know that's a high volume category your budgets probably aren't enough within that campaign to keep it serving constantly and you're getting middle of page or bottom of page placements. So that's how it's getting your budget throughout the day. I would test increasing the budget on that campaign and seeing what it scales up to and you'll probably see a bit more even click distribution between those. Bradley Sutton: OK, Cool. Sergio has a question here. Hey say, when launching, you tell your friends and family your brand and your product and hey, go buy it. Should I do an exact campaign for the brand name so they don't have to scroll? So first of all, at least it's good that you're like, don't be doing search, find, buy things or something which it sounds like you're not. Otherwise you wouldn't even have this question and hopefully you're telling your friends and family, do not leave your reviews just at all, to make sure that you're not getting in trouble with Amazon. But yeah, if you're trying to get your friends to support your product, I mean I think regardless, if you're trying to get your friends and family to support your product, shouldn't you always target your brand name, or that's only kind of like when you're more of a mature brand, Does that really come into play? What do you think? Matt: Yeah, I would say it depends on your brand name. If it's a unique brand name that, like nothing else is really going to come up for, like yeah, I wouldn't run ads. But if it's something that could be construed as something else, I would definitely run some ads to get towards the top. The one thing I would say about this and it's something that we do when we're launching and you're telling friends, family, anyone about it, we leave it kind of bland and just say, hey, this is my brand and it's a protein powder. I would really appreciate if you can buy it. You're not telling them to go search, fine, by keywords. But if you tell them that, hey, it's protein powder, and brand names are probably going to search protein powder, that brand name without you doing anything, Because it's always better, which is why search fine buys work to get a real keyword in there beyond your brand. But even just pumping the brand name does work as well. We've seen it with TikTok. Brand name searches can skyrocket you for every other keyword that you're relevant for. Bradley Sutton: William says yeah, this is a universal question, I think, or universal debate, I think. For successful exact keywords, do you recommend making those keywords negative in the broad? Some people teach that although you're converting for a keyword in the exact, do not remove that keyword from broad. Matt: Yes, this is debated quite a bit and I'll tell you from our experience it can kind of go either way, like sometimes we'll negate it in broad and then the exact stops performing. Sometimes we'll leave it and the broad performs better. Like it can go either way. I would say it's something that you should definitely test. Amazon ads is still kind of finicky on some of these things. For whatever reason. Older campaigns still tend to work better for us. So if your broad campaigns older than your exact match, it may still continue to outperform for a little bit. But what we do typically do is if we're going to leave it in broad, we lower the bids in broad I'm not specific keyword quite a bit and try and give the exact match as much room to run as it possibly could. Bradley Sutton: OK, cool, let's see. Hina has a question. I have 10 variations. They're not page one ranked. What strategy can I apply to get a good conversion on it? So I'm not sure exactly what he's saying here. But let me just change this into another question here. Like I've got betting that has a bunch of variations, or a consumable that has a whole bunch of different flavors, are you putting all the variations into one campaign? Do you have different campaigns for each variation? Do you only promote maybe one or two child items out of the whole variation? What's your strategy on variation items for PBC? Matt: Yeah, so we run a lot of variations. This is the one place where we do run ad groups. So our main products, the main variation, is flavored. So if someone's searching for a lemon flavored one, you obviously don't want that running against a chocolate flavored one. So an exact match campaign would have an ad group for each flavor and we'd be breaking out the different flavor variances within there. If it's a more broad term that doesn't include a flavor name, we're usually pushing it towards our hero product within that variation. But something that you can definitely test. I would say one thing to look at is search query performance and also the top I think they call it top search term report Now it used to be the old brand analytics report and see what the other top click products are. In our instance, if someone's searching for a sugar cookie, it may be that they're searching for a specific flavor and you can see that by the click through rate and a commercial rates from brand analytics. Bradley Sutton: Cool. Now, before we get into your final strategy of the day, can you talk a little bit about clear ads? I mean who you know, who, who you guys might be able to help the most, and what you guys do. Matt: Yeah, definitely. Um, so we're an ads agency um based in the UK. Um, we work with sellers and actually every single amazon marketplace now, so can help you across the board there. Um, we also do offer like full service management. So if you're looking for content creation, lipstein optimizations or even just day to day like inventory management, case log management, we can help you with all of it. Um, we also run DSPs, so pretty much a to z on amazon, we've got you covered. Um, and many of you may know George Um the founder. Um, he's everywhere. Um, so, yeah, head us up if you need any help with any of those things. Bradley Sutton: Awesome, awesome, all right, now um 60 second strategy of the day could be about PPC. It could be about search career performance. Could be about how to live as a foreigner in Barcelona. It could be about anything you want, so go ahead. Matt: All right, um, so I'm going to take it away and I'm going to do. Uh, outside traffic to amazon Um, so I think one of the big questions that search career report has brought up with a lot of people is like, hey, these sales numbers in here are extremely low. I know I'm selling more for this keyword or this product. Like, why isn't this represented? And I think majority of people don't ever look at outside traffic to listings and what's happening. But if you actually take the time to dive deeper, you would be amazed at how much traffic comes straight to your listing from other sources outside of amazon. Um. One great way to do this is how we do it. Um, you can use SCM, rush or a trust or really any kind of SEO tool. Plug in your canonical um amazon URL and just see, like, what articles have been written about you that you know nothing about, where you're getting posted on social. It will highlight all of these things. Um, but really the big key factor that we've been looking at is if you have a competitor in your category that you just you can't figure out how they're doing things. Chances are it's all coming from outside of amazon and that's why you can't compete. So doing this simple search, you can see like, hey, these are the bloggers that are talking about it, these are the articles that they got. You can reach out to those people directly. Most of those positions are paid. Like, don't trust any of those top 10 articles, they're all paid. Um, you can reach out and pay for those, and sites like a H refs SCM rush will tell you how much traffic that bloggers are, so you can kind of estimate what your return is going to be on that dollar. Um, I would say another big piece that we've been kind of working on for these is for a lot of terms like your, your coffin example. Matt: Like there's no one out there that has a website about coffins, like that specific product, it would take you with AI a few days to whip together a basic word press site that has everything you would ever want to know about small coffins and since no one else is writing about that, you're going to rank in Google like top three within a few weeks. If you're in these categories where there isn't that much competition or it's a unique product, start making some micro sites. Um, like I've shared some examples at some prior events and presentations, we have a few of these micro sites that are giving us seven to 8000 people a month now to our Amazon listings, and we used AI for the entire process. Um, so it took us maybe an hour per site and they just continue to produce. And the big thing with that is it's a traffic channel that no one else can really steal from you, because most people aren't looking at this and you'll always kind of stay at the top of your category because your velocities will just always be higher. Bradley Sutton: That might be something I'd like to dive into, if you are able to come out in January. Like your step by step case study on that, that sounds fascinating. Alright, well, matt, thank you so much for joining us. I know it's late over there. I appreciate it and hopefully we get to see you in January. Matt: Sounds good. Thanks for having me.

Serious Sellers Podcast: Learn How To Sell On Amazon
Helium 10 Buzz 11/23/23: Amazon Review Police | Amazon Posts Videos | Black Friday

Serious Sellers Podcast: Learn How To Sell On Amazon

Play Episode Listen Later Nov 23, 2023 24:06


We're back with another episode of the Weekly Buzz with Helium 10's Chief Brand Evangelist, Bradley Sutton. Every week, we cover the latest breaking news in the Amazon, Walmart, and E-commerce space, interview someone you need to hear from and provide a training tip for the week. How Amazon is using AI to ensure authentic customer reviews https://www.aboutamazon.eu/news/policy/how-amazon-is-using-ai-to-ensure-authentic-customer-reviews Temu, Shein far lag Amazon as online holiday shopping ramps up https://www.reuters.com/business/retail-consumer/temu-shein-far-lag-amazon-online-holiday-shopping-ramps-up-2023-11-22/ Amazon to Launch Live Shopping Deals During Black Friday Football Game on Prime Video https://variety.com/2023/shopping/news/amazon-black-friday-football-game-prime-deals-1235805778/ Hyundai to Sell Vehicles on Amazon Starting in 2024 https://www.caranddriver.com/news/a45896102/hyundai-amazon-car-sales-2024/ Stay tuned as we discuss the latest new features from Helium 10 and share some valuable newsletters to keep you in the loop. Later on, we share some game-changing strategies with Mina Elias for auditing your Amazon PPC campaigns. You'll learn how to manage campaigns effectively and monitor and improve campaign performance. Join us for this exciting episode! In this episode of the Weekly Buzz by Helium 10, Bradley covers: 01:02 - AI Review Police 03:20 - Temu, Shein Lagging 04:53 - Black Friday Football 06:45 - Amazon Posts Videos 08:15 - Hyundai Buy Box 10:00 - Billion Dollar Seller Newsletter 11:00 - Commerce Accelerated 11:35 - Weekly Buzz 12:19 - Helium 10 New Feature Alerts 16:20 - ProTraining Tip: How To Audit Your PPC Campaigns with Mina Elias ► Instagram: instagram.com/serioussellerspodcast ► Free Amazon Seller Chrome Extension: https://h10.me/extension ► Sign Up For Helium 10: https://h10.me/signup  (Use SSP10 To Save 10% For Life) ► Learn How To Sell on Amazon: https://h10.me/ft ► Watch The Podcasts On YouTube: youtube.com/@Helium10/videos   Transcript Bradley Sutton: Amazon is employing AI to police fraudulent reviews. Timo and Sheen are lagging in holiday sales. This week is the first ever Amazon Black Friday football game. You soon can have videos for Amazon Post. These and much more stories on today's weekly buzz. How cool is that? Pretty cool, I think.   Bradley Sutton: Hello, everybody, and welcome to another episode of the Serious Sellers podcast by Helium 10. I am your host, Bradley Sutton, and this is the show that is our Helium 10 Weekly Buzz, where we give you a rundown of all the goings on as far as news goes in the Amazon, Walmart, e-commerce world. We give you all the latest new Helium 10 features that have been released this week and we give you training tips the week that will give you serious strategies for Serious Sellers of any level in the e-commerce world. Let's see what's buzzing. All right, today is Thursday. Yes, I'm recording this on Thursday. Yes, it's an American holiday, but we at the weekly buzz do not take any time off, guys. We want to make sure you guys know what's going on out there, so let's go ahead and hop right into the news.   Bradley Sutton: The first article of the day is actually a was a press release by Amazon, and it's entitled how Amazon is Using AI to Ensure Authentic Customer Reviews. All right, you know a lot of us worry, sometimes complaining about, you know, a lot of competitors doing some black hat strategies in reviews, right, and so this article goes in to talk about how advanced AI helps publish authentic reviews and weed out the fake ones. You know it mentions how the vast majority of reviews pass this Amazon bar of authenticity and they get posted right away, but that they're using AI to kind of look or try and detect if there's potential review abuse and if that happens, they either delete the review, they take action against the reviewer A lot of interesting things this article talks about. Now, the thing that almost kind of like worried me was that I still see, in 2023, a lot of obviously fraudulent reviews. You know where it's reviews that have to do with, you know products that you know are not even part of. You know the listing and a whole bunch of other things. This article was talking about how, in 2022, amazon observed and blocked more than 200 million fake reviews. So it's like that's kind of crazy if you think about it. Like that's last year and this year I'm still seeing reviews like man. That's a lot of reviews and a lot of you know, fake reviews and bad reviews. So it's funny because you know, we've been talking about that FTC lawsuit and I I've always mentioned how there is like so many other things I think that Amazon sellers are worried about. Uh, as far as Amazon goes, that the things that that FTC thing is and I would say the like, the fake reviews is one of them where all of a sudden, some new competitor comes in and within like three days, there's like a thousand reviews or or all of us, and they, they merge a whole bunch of listings and or resurrect some dead listing, those reviews for a phone case, but you know it's really for a coffin shelf or something. I mean, these are the things that, uh, you know I think a lot of Amazon sellers hope that you know Amazon would crack down more on. Hey, this article might be a move in the right direction If it's utilizing more advanced AI. Obviously, ai in 2023 and 2024 is not what it was in 2022. So maybe there is uh kind of like light at the end of this tunnel.   Bradley Sutton: Next article is from Reuters and it's entitled T moon Shane lag far behind as online holiday shopping uh ramps up. So you know, like I've been talking about this cause it comes up in the news a lot, how you know they're making a lot of waves, so many people are going to their websites and stuff. But I'm not. I never really was worried, uh, about you know, t moon she like biting into Amazon sales. Even Amazon's not worried. We talked about in the weekly buzz before how Amazon is not even doing price matching on these websites Cause it doesn't even really consider it like on the same level. Now, uh, similar web in this article said that hey, nine out of 10 visitors to T moon and sheen and when I say a lot, you know visitors there's millions of uh, uh visitors coming this holiday season. This article says nine out of 10 are window shoppers, not buyers. All right, sheen's website drew 28.6 million unique visitors in October, which is up from a year before, but visits that resulted in actual transactions, you know, a visit to the website that ended up in a sale went down to 4.1%. How does Amazon compare? 56% of Amazon's 268 million monthly visits in October resulted in sale. So, again, like I don't think Amazon is is scared or we as Amazon sellers need to worry about all this traffic that's going to, like T moon and sheen, people are not really buying on there right now. You know things could, of course, change, but as of now you can. You could see that. You know, buyer intent is really lacking on those other websites.   Bradley Sutton: Uh, speaking of Amazon, uh, this next article is from Variety. The title is Amazon to launch live shopping deals during black Friday football game on prime video. All right, so the very first ever black Friday football game is happening. Usually, you know, thursday, thanksgiving, Thursday, football is kind of a big thing. Now, the first ever Amazon black Friday game and it's going to be broadcast on Amazon and says deals are going to go live during pre game, half time and post game sales. All right, and there will also be one big limited time deal per quarter.   Bradley Sutton: Now there's rumors about what these might be. You know some say it's like. You know, might be some big uh from beats by Dre and Lego and different things. Now you might think, well, you know that it doesn't. That's not me, you know I don't have my deals on there. But again, we've been talking about kind of like a move by Amazon to start having more deals with their prime video and their video assets, and even though this might not have regular third party sellers.   Bradley Sutton: You know we're not going to afford uh, you know, a spot in this once a year. You know, you know football game. But imagine, you know if millions of people are watching football and you know a certain percentage of them are going to go to buy these beats by Dre, or these legals or these other things. Now, all of a sudden guess what? It's a you know, commercial time, or it's a break, it's halftime, they're on the Amazon app and they're buying something else, but now that they might go ahead and browse other other things, you know. So this is good for for Amazon sellers. Even though you might not be taking advantage of this exact kind of advertising, you are advantaged by it because Amazon is sending all of this new traffic directly to Amazon and hopefully you know that they can find their way to one of your listings if they start browsing, you know, while they're waiting for the second half to start, or something like that.   Bradley Sutton: So, interesting, interesting things, how you know, the world of advertising for, for Amazon and the world of sports and entertainment is coming a little bit more together. Next, one article is actually just from you know, from my buddy, jeff Cohen's LinkedIn. I've been seeing this. You know multiple people post about this. I don't have access to this in my account but I wanted to, you know, show Jeff's post here because he was the first one that I saw talk about it. But on LinkedIn he says that Amazon post is going to soon support video. So Amazon post, you know, hopefully you guys are utilizing that. We've talked about how you can use the Amazon AI and the helium 10. I had to create images and captions completely automatically with Amazon or for for Amazon posts, but soon you're now going to be able to upload video. You know I personally have been seeing Amazon posts come up more in search results than in the past. Perhaps you've seen that before. So imagine if now in the search results you can see Amazon posts that have video. All right, so it's going to be pretty cool. Jeff talks about here in his his LinkedIn posts that he says that, hey, shoppers who interact with a post end up performing 45% more branded searches, and brands with 10 plus post have, on average, compared to brands with fewer than 10 posts, two and a half more time store visits and almost four times more followers. And so you know, the thought being that, hey, that's just with static images. How much more could, potentially, having video now increase your branded search and some of your traffic? So if you don't have it in your Amazon post section yet, you know, like me, it's probably going to come in the next few days for you. All right.   Bradley Sutton: Next article is actually from car and driver First time we're quoting car and driver here in the weekly buzz and it's entitled Hyundai to sell vehicles on Amazon starting in 2024. All right, says looking for a 2024 Hyundai, look no further than your Amazon Prime account. Now, again, does this affect third party sellers? You know, maybe, maybe not. I just thought this was an interesting kind of like article here, because that's just kind of crazy If you think about where things are going now. Basically, this article is saying that, hey, you're going to be able to like, pick your color and everything. You're going to use the buy box. There's going to be different dealers that maybe have different offerings. Different dealerships are now playing the game of fighting for the buy box like arbitrage sellers. There's no, there's no haggling here, and I just think it's like kind of like fascinating where the world of online commerce is going to. You know, buying brand new cars online is not new, but Amazon obviously is going to be the biggest website ever to sell new cars. And who knows, you know, maybe I'm just waiting for the first dealership to make a mistake on their coupon and they don't realize there's some coupons or deal of the day stacking and I'll be able to get a new Hyundai Santa Fe for like 50% off or something. My very first ever new car was a 1999 Hyundai Elantra. So yeah, I kind of only drive like he is and things now, but I still love my Korean car. So, who knows, maybe I might be one of the ones to be one of the first ones to buy a brand new car on Amazon.   Bradley Sutton: All right, that's it for the news articles this week. Actually, not that much going on Now. Before we get into the helium 10 new feature alerts, I wanted to call attention to a couple of newsletters. I've never really been one to promote newsletters, never even had my own until a couple of weeks ago, but there's only three newsletters that I subscribe to, or that I actually read out of all the ones out there, and so the first one is actually the billion dollar sellers newsletter. All right, so that's made by, obviously, kevin King from the helium 10 elite program and the AMPM podcast. It's very, very valuable. All right, there's not BS in here. There's actionable strategies. There's not a whole bunch of fluff. A lot of humor in there, though. So if you guys want to get strategies that you can use right away and some no BS newsletter, go ahead and go to h10.me forward slash BDSN. H10.me forward slash BDSN. Completely free to subscribe to that newsletter and a lot of great stuff. That's the first kind of like outside newsletter I ever read in my life, just because it's the only one worth it to me.   Bradley Sutton: Another one that I've been subscribing to for a little while is made by Pacvue's own Melissa. All right, so this is on LinkedIn and this is called commerce accelerated. So if you guys want to subscribe to it, go to h10.m/melissa. Another great newsletter. A lot of advertising in there and a lot of, you know, high level strategies as well as stuff that affects, you know, third party sellers. The last article was a recap on Amazon unboxed that Melissa was at, and so I highly recommend subscribing to that newsletter. And then, of course, you know shameless plug. The last newsletter is the new weekly buzz newsletter that I'm doing. It's not just like a transcript of this weekly buzz. I go break down all of the news articles and have some video on there and some other. You know strategies as well. So if you guys want to subscribe on LinkedIn to my Helium 10 weekly buzz newsletter, just go to h10.me/newsletter. h10.me/newsletter. All right, now let's get into the Helium 10 new feature alerts. Every week, we are launching new tools, new features, new functionality. A lot of it comes from you, the users. So what do we have cooking for this week? Even though it's a short week, we still launching things. The very first one I want to talk about is for Cerebro and Magna, and these are custom filters.   Bradley Sutton: This has been asked for by a lot of you out there and you know you guys all have maybe your own strategy of how you run Cerebro as part of your process, like right, like maybe. Hey, I'm going to analyze, you know, 15 different niches and for everyone, one of my criteria. For example, what do I have? Here I'm showing a search volume of a minimum 400. And then a minimum number of one competitor. Maximum two are ranking between one and 20. And these keywords have a title density of three, like, like. There's like six filters that I'm using right there. Now, if you're having to do this search 10 times a day, right, because you know you're just doing some bulk research, it's probably a hassle for you to have to, one by one, re-enter all of these filters in. So now what we have is, once you enter some filters, at the very bottom of Cerebro, you are going to want to go ahead and hit this button called save as filter preset, right. And once you hit that button, another window will come up allowing you to go ahead and put a preset name and you can say, hey, this is my, you know, keyword research version one or whatever. And now this is going to show up as a one click filter at the very top of Cerebro, so that when you get into Cerebro, you enter the ASINs, you can just hit one button and it automatically populates your filters. Same thing for magnet. All right, let's say I have this process where I'm like hey, I out of all these keywords from what came out from, you know, these thousands of keywords that came out inside of my magnet search show me everything that has 500 search volume, that's at least three words, and that there's only 300 competing products for this keyword. Right, again, it might take a little bit of time to enter all these filters in. Once you do that again, just hit the save as filter preset and what's going to happen is you can just name this filter and then now, when you enter in, go into a magnet search, you are going to be able to just, you know, hit that button and your exact filters are going to come out.   Bradley Sutton: The next and the only other update for the days is for those of you who are on the Helium 10 supercharge. You know, plan our supercharge plans for like eight, nine figure sellers. You guys have some pretty crazy graphs that you're going to be able to do, all right. So on your insights dashboard you're at the very bottom there's a, there's a button that says add a chart, right, you know everybody else has access to this too, but you got supercharged members have access to kind of like a crazy, crazy next level charting system. All right, and this is just the beginning.   Bradley Sutton: So it takes you to a new page and then basically, what you're going to want to see is you can choose any two metrics that you want to compare, like, hey, I'm going to compare my ad click through rate with my unit soul. I want to compare RoAS, ACoS, ad spend and net profit. You know, all in the same chart. I want you know the dates to be preset. At this. I mean, like, pretty much, you're going to be able to now take anything that is in your, you know, helium 10 account, which comes from seller central, obviously all of your data, and then start putting it on graphs and tables and compare different things that you normally wouldn't be able to compare, because a lot of again, why do we have this? A lot of people were saying, hey, I love the data that's in Helium 10, but I end up having to, like, download it into Excel files and make my own power points and reports. No longer you can just compare anything you want, download the graphs and, and you know, make tables, et cetera. So that is for supercharged members. All right, that's it for the Helium 10 new feature alerts for this week.   Bradley Sutton: Last up, we have our training tip of the week and it's actually a PPC training tip, and it's with a guest speaker, mina Elias, who you guys all know and love, and this one is going to be about how you can audit your account. Like, maybe you haven't been paying enough attention to your PPC, well, how can you go in there and give it an audit, mina, let us know how. Mina question that we've gotten from our audience is hey, you know, I've been running PPC for a while. I'm running it on my own for now. How can I run like an audit to know if I'm doing well or not? What are the things that you look at so that somebody can really understand like, hey, I'm doing excellent. Or you know what? I need some improvement here and there?   Mina: Yeah, so I'll walk you through our audits and basically how I do an audit like step by step. Step number one I'm looking at portfolios. Are you organizing your products into portfolios, you know? Do you have like multiple child ASINs that are that have different campaigns, or are you lumping all of your, your child ASINs into the same campaigns? So then I would create the portfolios.   Mina: Next is my campaign naming convention. So are the campaigns named? Easily? For us it's like product code space dash space. You know the type of the ad, like close match, loose match, complements or substitutes, if it's auto, broad phraser, exact, product targeting, expanded ASIN, so what's the type of the ad? Space dash space. And then it's like the purpose of the ad. So if it has a purpose like ranking or you know branded, something like that, if it's like brand, brand name, and then you know space dash space, the source of the keywords, and so that's like if it came from helium 10 or if it came from the search term report or if it's like a main keyword or something like that. And that allows me to sort through campaigns pretty quickly, because whenever I'm looking at like show me all of the performance of my, like exact, you know keyword campaigns, then I can just type in exact in the search and it pops up.   Mina: Next I'm looking at the budgets of the campaigns, especially for campaigns that are either running out of budget or have a good row as. So if your campaign has a low a cost or a good row as, there's no reason that the budget should be low, even if you feel like, okay, my budget's $50 and I'm only spending $25 a day, it doesn't matter. Because what I've noticed is if I go from 50 to 250, I'll go from spending $25 a day to $80 a day, and if the ACOS is good, then you're just going to make more sales with the good ACOS it's definitely worth trying. And then if you're running out of budget, obviously that's also red flag. You should always control your spending based on a bid level. So lower the bids to spend less, as opposed to capping, you know, your spend on a budget level, because that I've seen just kind of effects performance negatively.   Mina: Then from there I'm going to click into the campaigns and I'm going to make sure that each of them have only one ad group. What I've noticed is multiple ad groups cause like, let's say, you have $100 budget, it could be $80 to one ad group and 20 to another ad group Again doesn't make any sense. I don't know why it happens, but it's something I want to avoid, because it could be that the $20 ad group is the one that has the better row, as but Amazon is. Primary objective is to make you sell more. And then, once I'm in the ad groups, the next thing I'm looking for is how many keywords do you have in there? If you have, you know, more than five keywords, I start suspecting that you might have keywords at the bottom not getting enough like budget. So I'll just sort by sales or sort by spend and then I'll see. Okay, you know keyword number one, two, three, four, five, they all have sales. But like six, seven, eight, they have like one sale in the last 30 to 60 days. And then keyword number nine onwards, they don't have any sales. So those keywords are all areas of opportunity. If I pause those keywords in that campaign, move them to, you know, create a new campaign with those keywords, give them another, another chance. With a good budget they could end up spending a lot more money on making sales. So that's the next thing that I look for.   Mina: Then I go into the placements tab. So, you know, do I find any placements like top of search or product pages where the ROAS and the click through rates are significantly better than they are in the rest of search? So, for example, if I look at, you know, in a campaign, I look at the placement tab and I see the top of search has like a 8% click through rate instead of like a 0.4 in rest of search and it has like a 7x ROAS instead of a 3x ROAS. What I'm going to do is I'm going to increase the bid by placement, you know, by 25% or something like that, just a small number, to what I'm telling Amazon is, if my bid is a dollar, I'm allowing you to spend up to a dollar and 25 cents. If it means that I'm going to show up on the top of page one, because, you know, I've seen, based on the data I'm converting, well, there, then I'm going to go into the targeting tab or the bulk sheet. You know, if you don't know how to use the bulk sheet, just stick to the targeting tab.   Mina: In the targeting tab I'm sorting for keywords that are not profitable, so only exact and product targeting. I'm going to, you know, just do either two types of keywords. One where I'm like orders equals zero and spend is greater than a certain number. So orders equals zero means it didn't make me any sales and I spent money. Let's say I spent more than $15, or like half of my product costs, with no sales.   Mina: I'll tell you how to handle them in a second. So those ones, I'm going to lower the bids or eat or pause them. You know, if it's spent $30 in the last 90 days and it didn't make any sales, just at this point it's not going to make any more sales. It could in the future, once you conversion rate significantly higher, but not right now.   Mina: So, and then the other thing is okay, I'm going to just sort by a cost. So show me everything that's greater than 75% echoes and again all of those. And warning guys, you know, for anything that's greater than 75% echoes, do not touch things that have a really good, like a really high number of sales, because the ACoS could be bad but in reality it could be driving a lot of sales, even on the organic side that it's just not being attributed. So again, ACoS is high. I'm going to lower the bids and then vice versa, I'm going to sort by anything that has like a row as greater than, let's say, 5x, for example, and then I'm going to increase the bids of all of those keywords, meaning I'm willing to show up higher in the search. And you can always do like a cross check with you know cerebral and see where you're ranking organically for those keywords. If you're ranking organically and sponsored high, you don't need to increase the bids, but if your organic and sponsored rank is low and your row as is good, it's worth trying to increase the bids, get more visibility, more clicks and more sales. Then I'm going to go into the search term report. That's the final piece. And in the search term report, again two directions.   Mina: Number one keywords that are not working. This is for auto broad phrase and expanded ASIN. The reason is for a broad keyword, it could be 30 different keywords that are being triggered in the search terms that are, you know, resulting in bad performance. So maybe five of them, 10 of them are bad, like low row as or spending, no sales, and then five or 10 are very good. So you want to keep the good ones and then negative the bad ones. So, again, a filter sales equals zero, spend greater than $15.   Mina: Take all of those keywords and go into the campaigns and add them as negatives, negative, exact, and then you know a cost greater than 85%. Again, be careful for keywords that are generating a lot of sales. But I can take all of those keywords, add them as negatives in the campaigns and then vice versa, I can identify any keywords with like greater than five RoAS. Take all of those keywords, find which match types they're not currently being targeted in. So maybe they're in broad, they got discovered in broad but I'm not actually targeting them in an exact campaign or a broad campaign or whatever. And then I take those keywords and start launching them in new campaigns so I can get more visibility on those keywords. But that's essentially what I'm doing, that, step by step, awesome.   Bradley Sutton: Awesome, all right guys. So if you want to get more tips from Mina about how to you know run PPC, make sure to check out his company and hubhealium10.com. You can look for Trivium. Or if you have a platinum account or higher, make sure to check out PPC Academy. It's in your learning hub on your Helium 10 dashboard. He's got tons of great modules there. Mina, thanks a lot for joining us.   Mina: Thanks for having me All right.   Bradley Sutton: Thanks very much, Mina, for that, and thanks to all of you guys for tuning in. Hope you guys enjoyed this edition and we'll see you next week to see what's buzzing.

Serious Sellers Podcast: Learn How To Sell On Amazon
Helium 10 Buzz 11/2/23: Amazon Email Marketing | Premium A+ Update | Bad Review Removals

Serious Sellers Podcast: Learn How To Sell On Amazon

Play Episode Listen Later Nov 2, 2023 24:10


We're back with another episode of the Weekly Buzz with Helium 10's Chief Brand Evangelist, Bradley Sutton. Every week, we cover the latest breaking news in the Amazon, Walmart, and E-commerce space, interview someone you need to hear from and provide a training tip for the week. Walmart Announces Black Friday Sale Details and Previews Early Deals https://www.cnet.com/deals/walmart-announces-black-friday-sale-details-and-previews-early-deals/ EU Store Transparency Report https://assets.aboutamazon.com/cd/28/4d02dd2e41ec8c6d1bc341e9d919/amazon-eu-store-transparency-report-jan-june-2023.pdf Bad Review Removal https://www.linkedin.com/posts/h10bradley_dont-remember-getting-this-notification-activity-7125484541426708481-WmJx/ Amazon's Counterfeit Crimes Unit's collaboration with brands and law enforcement result in global raids https://www.aboutamazon.com/news/policy-news-views/amazons-counterfeit-crimes-unit-successful-raids-worldwide Exclusive: How Walmart is using AI to supercharge its holiday plans https://finance.yahoo.com/news/exclusive-how-walmart-is-using-ai-to-supercharge-its-holiday-plans-190849969.html?guccounter=1 Shopify merchants seek AI boost for key sales decisions https://www.reuters.com/business/retail-consumer/shopify-merchants-seek-ai-boost-key-sales-decisions-2023-11-01/ TikTok tests new ways to embed commerce into the in-app experience https://www.insiderintelligence.com/content/tiktok-tests-new-ways-embed-commerce-in-app-experience And don't miss our deep dive on how to generate unlimited Amazon Post graphics using AI. Let's discover how to elevate your business and create engaging content for your customers. It's an exciting time to be in e-commerce, and we're here to help you navigate it!   In this episode of the Weekly Buzz by Helium 10, Bradley covers: 01:12 - Amazon MYCE 02:37 - Walmart Black Friday 03:38 - FBM Update 04:22 - Premium A+ Content 05:21 - Amazon EU Details 06:33 - UK SAS Program 07:24 - Bad Review Removal 08:22 - Amazon CCU 09:41 - AI Everywhere 12:30 - Follow Helium 10 x Pacvue on TikTok 13:05 - ProTraining: How to Generate Amazon Posts using AI 19:48 - Helium 10 New Features Alert 23:48 - Did Bradley Hit 1 Mile? ► Instagram: instagram.com/serioussellerspodcast ► Free Amazon Seller Chrome Extension: https://h10.me/extension ► Sign Up For Helium 10: https://h10.me/signup  (Use SSP10 To Save 10% For Life) ► Learn How To Sell on Amazon: https://h10.me/ft ► Watch The Podcasts On Youtube: youtube.com/@Helium10/videos   Transcript Bradley Sutton: Amazon's allowing sellers to send emails to customers for Black Friday and Cyber Monday. There's new requirements for premium A plus content, amazon's now sending emails out when they remove bad reviews, and there's tons of new AI news in the e-commerce world. This and much more on this week's weekly buzz. How cool is that? Pretty cool, I think. Hello everybody, and welcome to another episode of the series sellers podcast by Helium 10. I am your host, Bradley Sutton, and this is the show that is our weekly buzz. We give you a rundown of all the goings on in the e-commerce world this week. We also let you know what new features Helium 10 has and we give you a training tip of the week that'll give you serious strategies for serious sellers of any level in the e-commerce world. Let's see what's buzzing this week, all right? So first of all, if you're watching this on YouTube, you see I'm moving a lot. Well, I'm trying to be the first ever newscaster here to do a whole news segment while walking a mile on a treadmill. So that's what I'm doing. You guys know I've been trying to push health and wellness this year, so I'm trying to put my money where my mouth is and do some exercising here. Live on this show. My goal is to do one mile before this broadcast is over. Anyways, let's go ahead and hop right into the news. There's lots going on, all right. The first news article of the day is actually from Seller Central. It's on your dashboard and you may or may not have known this, but you can do marketing emails, all right. So now what you can do. This article here is talk is entitled increase visibility of your holiday deals with marketing emails. And so if you're a brand registered, you're able to use manage your customer engagement tool to you know market, to repeat purchases from existing customers and also your brand followers. Like you know, maybe you've gotten some brand followers thanks to Amazon Post, and if you take a look at this article, it talks about that. You're you can offer percentage off discounts, seven day deals and product launch announcement emails, and they're especially saying hey, you should try and do this during Black Friday and for Cyber Monday. So where you can do this, you can hit the link for manager experiments right there in that article. You go to your manager customer engagement page, you hit create campaign, you select your brand and then basically, what you can do is you can hit market product or promote a promotion and then you can market to recent customers brand followers or more and once you hit the next on this entry form, you're going to be able to pick your product and write the email, put the delivery window and more. So a lot of cool stuff that maybe you haven't taken advantage of, but if you've got some brand followers, you're going to be able to go ahead and take advantage of that. Bradley Sutton: All right, the next article of the day is actually from CNET and it's entitled Walmart announces Black Friday sale details and previews early deal. So this is kind of like a cool because it gives you kind of like a timeline of what is going on on the Walmart side. So they've actually got multiple events. So, like the first one is actually starting Wednesday, November 8th, you know, super early, at 3pm Eastern time, and Walmart plus early access goes from 12pm Eastern time. The second event starts on November 22nd and then Cyber Monday, November 27th, and so I'm bringing this out because you know if Walmart is going to be pushing these deals, that means there's going to be more traffic on Walmart.com, and if you're selling on Walmart.com might be a great opportunity to do some kind of discount or promotion or just be expecting extra traffic, so don't think that you have all the way until Black Friday, Cyber Monday, in order to start getting some more traffic on Walmart. It's starting as early as November 8th, according to this article. Bradley Sutton: Next article is also from your seller central dashboard and it's entitled update on default handling time for seller fulfilled orders. So if you're doing seller fulfilled or FBM, you know traditionally you've had like two days in order to fulfill the orders. But make sure to check your dashboard. There's some new news. It's talking about how more than 85% of seller fulfilled orders are shipped within one day. So it's going to start putting by default one day, all right for the order window, and so I think this, you know this could be good because, if I'm assuming that, if this happens now, customers are going to see one day less as far as the estimated delivery time and obviously that's going to help your conversion rate, theoretically speaking. So check out that update in your dashboard and see if that affects you. Bradley Sutton: Next update is again your seller central dashboard a lot of the news articles in your seller central dashboard that you need to be checking out and it's entitled update to premium A plus content eligibility requirements. All right, so the new update is that first of all, I think before you actually had to have like 15 approved A plus content modules to be eligible for premium A plus. Well, now All you need is five All right, so five in the last 12 months. And then also you need a brand story module published on all of your brand-owned product listing. So again, premium A plus content allows you to put like really unique information, like video and other things. So if you're able to do that, make sure to qualify yourself for that. You know, so you can also get, even if you only have one or two products. You can still get qualified by having that brand story and then doing five times, getting some kind of A plus content approved, even if it's for the same listing. Bradley Sutton: Next up, there is an article from Amazon Europe and it goes it's just called a transparency report and it goes like super into detail about tons and tons of facts and figures of what's going on on Amazon Europe and, like you know what they do to protect sellers and things. But the thing I wanted to show is the number of monthly active users for Amazon on the customer side for each of the countries in the EU. Now, obviously, uk is not in the EU, so that's not here. But if you guys thought that the number one country was Germany, you would be right 60 million active users. What do you guys think is the number two country? Number two country is actually Italy at 38 million, number three is France at 34 million and number four is Spain at 25 million. Those are the only ones that are in that bracket. The next one is Austria, with five million monthly active users in that country and there's not even an Amazon Austria, so they're probably shopping on Amazon Germany or one of the other marketplaces. So again, check the link in the description below. Kind of interesting if you guys want to see this whole EU transparency report. Bradley Sutton: Next article, again going right back to the seller central dashboard, but this time in Europe. All right, so if you are in Europe, you now are able to get a SAS or a strategic account services representative. You know sellers in the US have been using this to do tricks like what's called anything in the buy box. We've had that on the podcast before. But again, you UK and EU sellers, go to your seller central dashboard. You've got this notice. That's not on the US side, but you are now able to register here for the SAS plans and it's actually migrating a couple of the existing EU plans where you were able to have some kind of rep into this SAS core You'll rep service. So make sure to check the dashboard. You'll see a link that will allow you to go ahead and see if you can apply and then see if you qualify. Bradley Sutton: Next up there's this email that I got this week from Amazon. I hadn't seen it before. I'm not the only one who's gotten a lot of sellers I've been getting it some this week, some last week, some the week before where Amazon is now letting you know when they remove bad reviews or reviews from bad players on Amazon. So if you look, I put a link in the description on one of my LinkedIn posts where I talk about this. But here this is how the email looks. It says we remove product reviews from bad actors. All right Now, by bad actors. It doesn't mean Owen Wilson, sorry, bad joke, but anyways by bad actors. It means you know, whatever, they're probably abusing the system somehow. But I got an email that said hey, we notice there's some bad actors. We removed X and Y and Z reviews. You know happy selling pretty much. So I'm curious did you guys? Have you guys gotten this? Click the link below to my LinkedIn post and reply there. Let me know if you've gotten this email or not. Bradley Sutton: All right, for the next article, we have a theme song for it. Yes, we are talking about the Amazon department called the Amazon law and order CCU the counterfeit crimes unit. That actually is a real thing, guys Amazon counterfeit crime units. If you guys are listening on the radio or the your radio in your car or something, hopefully you heard the law and order theme song right there. But anyways, amazon has had this CCU, this counterfeit crime unit, where every month they seem to be doing new things to kind of crack down on counterfeits out there, and so they have a latest update that gives and kind of updates on the kinds of things that they've been doing. They did like raids, like crazy raids on with 150 Chinese law enforcements in China to like kind of like break down this smuggling ring on a bunch of fake products that were coming out. They took action against counterfeit rings across Europe. But this, this department, is doing some some cool things to try and break down on the bad players that are out there. So make sure to take a look at the link that we left in the comments below or in the description below, so you can see the kind of steps that Amazon has been taking to keep Amazon clean from the bad players. Bradley Sutton: All right, the last few articles we're going to talk about are all about AI, and it's kind of crazy how AI is just taking over every marketplace, as being like in the news. Last week, as you guys know, we talked about the announcement on Amazon how they have now generative AI to help make images. We're actually going to have a demo of that in just a couple of minutes here. But now even Walmart is getting in on the AI. Bandwagon says how. This article from Yahoo Finance talks about how Walmart is using AI to supercharge its holiday plans, and it's talking about how they're using it to try and distribute the inventory across the country a little bit better across there, more than 4,000 stores and this is going to be able to allow them to deliver same day to more locations by having the right inventory in the right distribution centers and stores Again, a benefit for Amazon sellers. Bradley Sutton: Moving on in this AI craze, there is an article out of Reuters about Shopify Says. Shopify merchants seek AI boost for key sales decisions. So make sure to check out this article, where it talks about Shopify's new kind of like features that are now featuring AI. And then, of course, not to be outdone, TikTok shop is testing new ways to embed commerce into the in-app experience, according to insiderintelligence.com. Now, this was almost the most interesting story for me, because they're rolling out this kind of like AI tool that can use AI to identify products in videos and suggest similar items for sales on its e-commerce marketplace. This isn't using the affiliate program. Bradley Sutton: Now, this is interesting because, like, what that means is, let's say, somebody has got a just dancing video or they're doing a Amazon or a TikTok shop or a TikTok live or something, and then, in the background, all right, they've got I don't know some barbecue. Well, it sounds like what's going to happen is the AI is going to try and like, detect if any TikTok shop seller has a that exact barbecue or something similar, and then give a suggestion to somebody who's watching this regular TikTok video hey, do you want to buy that product that you see in there? You know, I mean, people follow these influencers and they want to copy them. They want to have what they have. They want to have their same furniture or have their same phone case and stuff. Now, without the influencer even promoting directly other products, TikTok shop is going to be promoting other TikTok shop products from there. Now I think the influencers might get a little bit upset, because this article talks about that. They're not actually going to get any affiliate commission for this. Anyways, this is interesting Another way that AI is being used. All right, that's it for the news this week. Bradley Sutton: Now, before we get on into the next segment, one quick thing. Speaking of TikTok, do you know that Helium 10 has a TikTok page? Guys, make sure to go to it, add it. Go to your TikTok app, search for Helium 10 pack view. All right, helium 10 pack view, no spaces, and then you'll see tons of videos from our social media team. Like Sydney, we've also got clips from this podcast and we've also got educational content on there. So again, give us a follow, like a couple of the videos to help the algorithm. Helium 10 pack view is the name of our account. All right. Bradley Sutton: Next up, we've got our training tip of the week, and this is a great one by Shivali. She's going to be talking about Amazon post, but did you guys know that you can actually have an infinite number for free of Amazon post, that you can post pictures every day and you don't have to make new images by yourself, or you don't have to take new pictures and you don't even have to make the captions. Guys, all right, it is completely done by AI, thanks to Amazon and thanks to Helium 10's new AI feature for Amazon posts. You guys want to find out how to do it. Shivali is going to explain how in this next video. Shivali: Hi there, Shivali. Here I want to talk to you about Amazon posts, which is a really powerful tool that you can use to elevate your business, create engaging content for your consumers, all while showcasing your products in a way that tells the story behind your brand. Now there are a lot like social media posts, but you can't just copy over the product listing copy and images. There has to be some intentionality, because it has to be visually appealing and attention grabbing. Let's take a look at an example. You can find Amazon posts by selecting the storefront underneath the product listing page and navigating to posts here. As you can see, it's not just a plain image with boring description. In fact, it's designed to be visually appealing and catch your attention, and that's what you really want. This brings me to my next point, which might answer your question, and that is what if I don't have a bunch of photos laying around from a fancy photo shoot? Well, that's what AI is for. You can use Generative AI to generate the content that you need. It can create images, captions and even suggest the best times to post for maximum visibility. It's kind of like having a creative assistant right at your fingertips, making your Amazon posts look like a million bucks, even if you're on a budget. I'm going to show you a quick and easy way to enhance your sponsored brand campaigns on Amazon. So I'm going to go ahead and navigate to my Advertising Panel, click Campaign Manager and, once I have that open, what you will want to do is select the sponsored brand campaign that you want to try this with. If you don't have one, no worries, you can just create a new active sponsored brand campaign and then, once that page has loaded, you are going to click on Create so Creative is on the left-hand paneling once again and then select Edit Creative. Shivali: Here comes the fun part. So you select Custom Image, click Change Image and then click Choose an AI-generated image. So this is in beta at the moment of recording, and what you will want to do is select whichever product that you want to try this with. I'm going to type in an image description, so this one's quite simple. It just says Product Hanging on Wall in a Bedroom, above the Bed with a Gothic Bed Frame. I would click Generate and ideally, what you would see on your end is multiple image options. Then you would go through and select the ones that you like that you find appealing. As you can see, we were given three outputs based off the query that we inputted, so I would then go ahead and open each one of these up and click Save to Creative Assets. I'll show you where these are getting saved in just a moment here, but let's go ahead and click Save for each one of these. All right, let's X out of that and then, once we have that stuff saved, it's going to be in Creative Tools, underneath Creative Assets, right here. Shivali: This, guys, is your gallery of images of your creative assets that you can really use anytime that you have generative AI images being saved. This is where they are being funneled. So what I'm going to do is just click this three dots icon and click Download and then, once I have that downloaded, I can then go into my brand content, go into Posts and begin creating a post. Let's select Manny's Mysterious Audities and then click Create Post and upload our image. Here I have the AI generated image, click Open and, as you can see, for us it's saying the image is too wide because, again, this design was built underneath our sponsored brand campaigns when we were trying to just generate AI based image. Keep in mind that this has saved us a lot of time and money and efforts in just being able to get images without actually having to do a photo shoot. So it's pretty simple to throw this image then into a sizing machine or even something as simple as Canva to resize it and then upload it. Shivali: After that I'm also going to need a caption. So what I'm going to do is go into our listing builder and as long as you have the product characteristics, the brand information, product name, tone, target audience, etc. Filled out at the top of your listing builder, then you can actually go all the way down to Amazon Posts or just select the tab right here and click Write it for me. I did already go ahead and click Write it for me, just to save a little bit of time so you guys can see it. But, as you can see, it's really good. This pulls from your keyword bank, it helps with your generated search volume and it absolutely makes your Amazon posts process a lot easier. Let's jump back into Amazon Posts and get that pasted in and once you have that part filled out, you can just add in your product. I'm going to click Add. Mine says out of stock, so it says one available. ASINs won't show in your post and posts have to have, of course, at least one ASIN in stock to be visible, but this was just an example. I wanted to go through and show you guys just how easy it is to generate images and captions so you can quickly create posts even if you don't have access to a wide gallery of images. Go ahead and click Submit for review. As long as you've followed along and you've created this with me, I hope you guys recognize that, with this new AI generation tool and the listing builder tool with Amazon Posts, now you really have access to a never ending supply of Amazon Posts. So with that, we look forward to seeing your content on Amazon. Bradley Sutton: Alright, thank you very much for that, Shivali. So, guys, that's available. I believe you might have to have diamond for some of that feature functionality inside of Listing Builder, the feature that she talked about for Amazon Post or creating those images that's pretty much open to anybody. So, guys, you, there's no reason anymore for you not to do Amazon Post. You can generate the images now for free and then, limited amount, you can generate captions for free, so you don't have to always be thinking about what am I going to write for a caption. So, guys, get into that now. And we've got announcements coming soon. Guys, that's going to make that process even more easy because we have an exclusive Helium 10 as an exclusive arrangement and access to a certain I can't really, you know, completely spill it, but a certain data point and a certain functionality that only Helium 10 has for the next few months, and we're going to try and give you guys that functionality as soon as possible. Stay tuned for more, all right. Bradley Sutton: Next up is a brand new feature that we're going to start doing weekly. Helium 10 is actually launching new features every week, guys. You know, sometimes you guys might not know everything that we're releasing. So here in the weekly buzz. Starting this week, we are going to start letting you guys know in a special video here what all we have launched in the last week so you can see if it benefits you and then make sure that you and your team use it. All right, so this week's Helium 10 new feature alert, let's hop right into it. The first one is actually on your dashboard in Helium 10. All right, or it's actually in a couple places. So you just go to your insights dashboard right here as soon as you log into Helium 10, if you've got the diamond plan on the above, you've got. You're going to see all of your information down here at the bottom. That's not new. What is new is that now, if you put your mouse over any of your products, you have this whole new widget of information that is going to come out where you can see the BSR in the parent category, the BSR in the sub category of your product, your listing age, you know who's, what seller has, the buy box, what your current price is, the review count. Now, that's for your product. So maybe you're thinking like, well, I already know all of my product stuff, but the other thing is on our competitors page. All right. So we have a competitors page now. If you're tracking your competitors, you can also again now mouse over and then you're going to see all of that same information. So that's a one cool thing that just got launched in Helium 10 insights dashboard. Bradley Sutton: A couple of things now in Cerebro. If you're in Cerebro and you do a multi-ASIN search, one of my favorite filters were the advanced rank filters. Now they are no longer called advanced rank filters. I just wanted to let you know we change the name so it's a little bit more easier to understand what the advanced rank filters do is. It allows you to filter out and say, hey, I want to see at least this number of the competitor ASINs and this multi-ASIN search are ranking between this and this right? Well, now, now in those headings, if you guys want to find those features, it's right down here and it's called number of competitors. This is the filter the artist, formerly known as advanced rank filter, one which really kind of like confused some people. So again, what you're looking for is number of competitors, and then you put a minimum and maximum here of of how many of the competitors you want to kind of be ranking a certain range. All right, so if you put in 10 competitors and then you put a minimum of two and a maximum of five, basically, what you're saying is, hey, of these 10 competitors, I want minimum two and maximum five of them to be ranking between X and Y. And that's where you go to the very next field, which is called competitor rank. So you can say, hey, I want these to be ranking between one and 20. I want to know all the keywords, or at least two of these competitors, but a maximum of five are ranked page one, position one to 20. So, again, this is not a new filter. Is this a new name? And I'm just kind of reminding you guys about it. Again, it's called number of competitors and competitor rank. Bradley Sutton: Now, if I actually go in and hit the show historical trend, we've got a small update feature there. This comes directly from you guys. So if I hit this, I can actually go in and pull out hey, show me the certain ranks, let's say, of June 2022. And now what you see? When you see this search volume, like before, we just picked the last week of this month. All right, so this is showing me the ranks of all of these products during the month of June of 2023. But now what this search volume represents that you see in the search results. Again, this is by, you know, customer request. It is now showing for that month of June, the week that had the highest search volume. All right, so 1468 was what the highest search volume was during the month of June. All right, that's it for this week's Helium 10 new feature alerts. Well, guys, that's also it for this week's Weekly Buzz. As you can see, I didn't hit my one mile goal here on my Apple watch. I only got 0.67 miles in. I'm going to have to keep walking for the next 20 minutes to hit that one mile. Anyways, guys, thanks for tuning in this week. We'll see you next week to see what's buzzing.

Ecommerce Brain Trust
The Chewy Retail Media Network: How Pet Brands Can Advertise on chewy.com with Damiano Ciarrocchi - Episode 314

Ecommerce Brain Trust

Play Episode Listen Later Oct 31, 2023 21:10


In this episode of The Ecommerce Braintrust podcast, Kiri Masters is joined by Damiano Ciarrocchi, head of Retail Strategy at Acadia. They discuss the Chewy Retail Media Network and how pet brands can advertise on Chewy.com. Acadia just launched an advertising management capability for the Chewy retail media network, adding this platform to the roster of retail media networks Acadia now supports. Damiano highlights the uniqueness of Chewy as a retail media network, its hyper-specific focus on the pet category, and the potential for brand loyalty among pet owners. They also explore the advertising opportunities on Chewy, including conquesting, and the technical aspects of the platform, such as the current use of Promote IQ and the future launch of banner ads. Additionally, they touch on the importance of campaign tagging and the audience targeting capabilities on Chewy. In today's episode, Kiri and Damiano discuss: Introduction to Chewy Retail Media Network and its comparison to Amazon advertising - High-level observations about Chewy RMN, including its hyper-specificity and the loyalty of its pet product shoppers Positive results and efficiency of sponsored ads on Chewy RMN Importance of considering Chewy as a viable retail network option for pet brands  The possibility of brand conquesting on Chewy and its significance for competitors  Discussion on Walmart's stance on conquesting (uncertain, but potential loophole) Technical aspects of the Chewy Media Network, including its use of promote IQ and the availability of product listing ads (PLA) Mention of future plans for launching banner ads on Chewy RMN Overview of additional features provided by Pacvue, including campaign tagging and budget management Importance of campaign tagging for retail media allocation and comparing performance across platforms Audience targeting capabilities on Chewy, focused on contextual targeting rather than specific audience demographics. Learn more about Acadia's Chewy advertising capabilities at https://acadia.io/services/retail-media-marketplaces/chewy-retail-media-management/ About Chewy's Retail Media Network: Chewy's retail media network is still quite new, having only opened up to advertisers recently. But it offers interesting potential, especially for brands in the pet care space looking to find new customers. As background, Chewy is solely focused on pet products, so their shopper base is very loyal and niche compared to mass retailers like Amazon or Walmart. Pet owners tend to stick with brands their furry friends like, making it a great channel for customer retention. How the Chewy Advertising Platform Works The self-serve platform Chewy uses is called PromoteIQ, by Microsoft. It's fairly basic - you get a simple dashboard to launch campaigns and view reporting. Right now Chewy only offers one campaign type, product listing ads (PLAs), similar to Amazon's sponsored products. But they plan to launch sponsored brand campaigns soon. Acadia partners with the ad tech platform Pacvue to enable enhanced campaign management and reporting beyond what PromoteIQ provides. Bidding and Targeting Capabilities Here's where Chewy differs from Amazon - you bid at the individual product (SKU) level rather than on keywords. So you can set a higher budget for your higher priority items. The ad targeting is contextual, meaning products show for shoppers browsing related categories or searching relevant terms. You control bids by product category and subcategory. Chewy does allow keyword bid modifiers, but you lack visibility into performance by keyword. So optimization can be more challenging than in Amazon. Why Chewy is Worth a Look for Pet Brands While the platform needs development, there are compelling reasons for pet brands to consider Chewy: - Early adopters can gain an advantage before competitors join - Conquesting competitors' shoppers is possible here - Loyalty means getting trial can lead to long-term buyers - Chewy incentivizes brands who help them grow revenue If you're a brand in the pet category that sells on Chewy.com, it's a no-brainer to get started with ads.

Serious Sellers Podcast: Learn How To Sell On Amazon
#504 - Amazon Unboxed 2023 New Releases

Serious Sellers Podcast: Learn How To Sell On Amazon

Play Episode Listen Later Oct 28, 2023 48:34


Join us for a fascinating discussion as we unpack Amazon unBoxed 2023, exploring the most exciting releases such as generative AI and more that can level up your advertising game. Our co-host from Pacvue, Anne Harrell provides us with a unique perspective on the advertising industry. Let's start with our chat with Jeff Cohen, Principal Evangelist, Advertising API at Amazon, as he shares his transition journey and the biggest differences he's noticed. Listen in as we dive into the role of ad tech in digital transformation and its implications for brands. We examine Amazon Ads' new offerings like generative AI and sponsored TV, which promise to revolutionize brand imagery and audience engagement. Get the inside scoop on Amazon PPC and new-to-brand metrics that could redefine your brand's success measurement. We also explore Amazon Publisher Cloud, a game-changing technology for publishers that promises unique and differentiated opportunities for advertisers. Get to know Miranda Chen, the director of growth and modernization for Amazon Marketing Cloud, as she walks us through its potential. Learn how lookalike audiences can help your brand reach new customers and how templatized analytics can make AMC more accessible. We also examine Amazon Marketing Stream and Rapid Retail Analytics, which provide valuable data on retail signals. Discover how sponsored products can appear on platforms like Pinterest and the features that make Amazon's new Sponsored TV offering a game-changer. All this and more, right here on our podcast!   In episode 504 of the Serious Sellers Podcast, Bradley, Anne, and our special guests discuss: 00:00 - Amazon unBoxed 2023 04:31 - Insights on Amazon and Advertising Growth 08:29 - Sponsored TV and Ad Tech Announcements 12:29 - Embracing Change in Amazon Advertising 20:40 - Amazon Advertising Full Funnel Solutions 23:39 - Benefits and Capabilities of Demandside Platforms 28:25 - Lookalike Audiences for Reaching New Customers 34:59 - Amazon Marketing and Rapid Retail Analytics 41:15 - Amazon's Sponsored TV Announcement ► Instagram: instagram.com/serioussellerspodcast ► Free Amazon Seller Chrome Extension: https://h10.me/extension ► Sign Up For Helium 10: https://h10.me/signup (Use SSP10 To Save 10% For Life) ► Learn How To Sell on Amazon: https://h10.me/ft ► Watch The Podcasts On YouTube: youtube.com/@Helium10/video Transcript Bradley Sutton: Today we've got a special episode here at Amazon Unbox 2023 where we're going to talk about all of their releases, like generative AI and sponsored brand hats, and also a lot of cool things like sponsored TV. How cool is that? Pretty cool, I think. If you're like me, maybe you were intimidated about learning how to do Amazon PPC, or maybe you think you just don't have the hours and hours that it takes to download and sort through all of those sponsored ads reports that Amazon produces for you. Adtomic for me allowed me to learn PPC for the first time, and now I'm managing over 150 PPC campaigns across all of my accounts in only two hours a week. Find out how Adtomic can help you level up your PPC game. Visit h10/adtomic for more information. That's h10.me/adtomic. Hello everybody and welcome to another episode of the Serious Sellers Podcast by Helium 10 I'm your host, Bradley Sutton, and this is the show that's completely BS free, unscripted and unrehearsed organic conversation about serious strategies for serious sellers of any level in the e-commerce world. We're here at Amazon Unboxed in New York. I've been on the road for like three weeks and there's a second there where I wasn't quite sure where. I was. I've been in so many countries lately, but we've got a co-host today and from Pacvue, and how's it going? Anne: Great. How are you doing? Bradley Sutton: I'm just delightful. Now, what is your background? What do you do at Pacvue? Anne: Yeah, so I'm a product solutions director for DSP at Pacvue, so I do basically anything related to DSP and AMC help with our product road mapping, help with strategy for some of our enterprise level clients doing customer within AMC marketing you name it, I probably do it. Bradley Sutton: How long have you been at Pacvue? Anne: I've been at Pacvue for coming up on four years now, so about three and a half years total. A lot has changed since I joined. I started at Pacvue focusing on our managed services team, so I was primarily working with some of our strategic accounts, helping to build out their capabilities, doing strategy not just for DSP but across kind of omni-channel focuses, so for search as well. Prior to working at Pacvue, I actually worked in an agency in Austin, Texas, where I'm normally based, where I again did omni-channel strategy for enterprise level accounts. So my background is not just with programmatic and DSP, but I really gravitated to it. It's just one of those types of advertising channels that really allows you to have a lot of flexibility and creativity and really is conducive to innovation. So I really enjoy working on the DSP side of things. Bradley Sutton: Cool. Now what did you go to school for? Anne: I went to school for advertising, so I think I'm in the right place. Bradley Sutton: Okay, so you're right. Where did you go to school at? Anne: It's called St Edward's University. It's in Austin, Texas. So I've been in Austin since I went to school and I just never left about a decade. Bradley Sutton: Okay, I was about to say, because you don't sound like you were born and raised in Austin. Anne: I was not Okay. Bradley Sutton: What were you born and raised? Anne: Well, where I was born was Hattiesburg, Mississippi, but raised is a harder question. I moved about 10 times before I graduated high school. So you pick a state, I probably was raised there. Bradley Sutton: Okay, cool, yeah, because I was like wait a minute, she doesn't sound like a native Texan here. Anne: I know no accent yet. Bradley Sutton: All right, maybe 15, 20 years from now you might have a little twang in here. Anne: Right, right, I actually have a little bit of a Southern accent, I think I kind of got rid of it as I moved around. Bradley Sutton: Okay, cool. Now what are you? We're going to be talking to some people that probably people have never heard of podcasts, right? You know there are exactly executives here at Amazon who are you most excited to talk to today. Anne: If I were to have to say, my favorite subject matter is definitely the DSP AMC side of things, and I know that we're speaking to Kelly, who's the VP of DSP, so that's obviously a great place to start. We're also going to speak to Miranda, who is a director for AMC at Amazon, so I think there's going to be a lot of really great content around that. But in general, we're also talking to a lot of people who are very broadly focused across all of ads, and so I think we'll have something for everyone in this one. Bradley Sutton: Yeah, so you guys might be. There might be some newbies out there, don't tune out. This is stuff that you're going to need to know If you're an advanced seller. We're going to talk about some stuff that you guys might be able to use right away. That was just announced this week at Amazon Unbox, so let's go ahead and hop right into the interviews, all right. First up, we've got my brother from another mother here, jeff Cohen. Jeff, how's it going? Jeff: Everything is great. So great to see you, so great to see the whole Helium 10 Pack View team at this conference. It's great to catch up with everybody. Bradley Sutton: Yeah, Now you've been in the game longer than me. I remember the very first conference I spoke at. You were a speaker and you were already a veteran speaker at that time. You know side note that that conference there probably had the best food I've ever had at the conference. This is probably the second best Like. Jeff: I'm really impressed with the offerings here. Yeah, I'm curious what conference that is, but we don't have to go into that now. Bradley Sutton: But it was right here in New York. But you were on the SaaS side. You know, like I am now. Now you're at Amazon, like what's been the biggest you know kind of eye-opening thing or difference, now that you're on the other side of the aisle. Jeff: Yeah, interesting because I always like to joke that you know I drink the Amazon Kool-Aid before I ever like came here. I've been an Amazon like fanboy since like 2005 when I started textbookscom and it's been interesting because I'm in a unique position where I can bring the outside in and the inside out, and I think that you know, one of the many things that I've learned is maybe like the patience that you have to have with Amazon Maybe I didn't have as much patience when I was on the outside and the amount of time that it takes for some of the things to develop at Amazon. But when they like grow and they go to scale, it then moves at like this rocket ship pace. And so I think you're starting to see that with some of the tools, like AMC or even like you know what's happening with, like Amazon Studios and some of the new, you know productions that are coming out, you have this like rocket ship pace of what's happening in terms of the development and the new opportunities and how advertisers are using the technology, and so you have to kind of be patient when new things come out. So when you have a totally new product like Sponsored TV, you got to realize that it takes a little bit of time to kind of figure out how does it work into the individual advertisers media mix, and so that's the measurement work for each brand along the way. But then once it kind of gets up to full speed, you get to see like how it all works and you know and how it's really excelling brand growth. Bradley Sutton: Yeah, now we're going to be interviewing a lot of your colleagues here about some very specific announcements that happened here at Unboxed and before I ask you to give a rundown, you know, one of the things that was announced today it's on the website too is about the new generative AI that can help people doing Sponsored Brand Ads to generate some new creatives. Can you talk about that just a little bit? Jeff: Yeah, I think there were like three themes to the keynote today that I kind of jotted down. One was this idea of, like digital transformation and one was this idea of like how ad tech plays in in a responsible way. And then the third one was like how we reinvent, right, how we have reinvent what's possible. That was said numerous times, and I think Gen AI kind of fits into almost all three of those categories. And you know, we saw a lot of opportunity, a lot of new changes with Gen AI that have come out of AWS. We saw a lot of changes with Gen AI that came out of Amazon Accelerate, and now we're starting to see some come out of Amazon ads and I'll you know it's cool, right, we can take a product and we can turn that product into a full lifestyle image. And I think it's if you can just start to kind of think about where the possibilities go from there and what else brands can do and how we can enable that, either with what Amazon ads is doing or with what our partners are doing right, because it doesn't always have to be invented by us at Amazon it's really making it easier for brands to be able to take advantage of this technology that maybe was a little expensive or time consuming or difficult to use, and now it's all done with prompts and it's really simple and easy and that's really cool yeah. Bradley Sutton: Now, what about some of the other announcements? Say you have any. You know things that stick out that you're especially excited for. Jeff: Yeah, I think that what we're doing I mentioned it during our opening segment but Sponsored TV, I think is a really cool one and you know, in short, it's democratizing the ability for brands to be able to place ads into our streaming portfolio right so across Prime Video, free V and all the other channels that we have that I can't even remember them all because I'm supposed to think so quickly and I think that's really cool. And again, like there's no budget for that, you do have to have the creative, but Amazon has services that can help you make that creative or there's third parties that can help you make that creative. And I thought that was a really exciting announcement that was made, you know, on the heels of the announcement that was made a month ago. It was kind of reinforced about like what's happening with Prime Video and it moving to an ad supported network, creating a ton of, you know, new inventory for brands to begin to explore, and that's really super exciting as we start to go into it. And then there was like a bunch around ad tech and like what's happening around measurement and I know, like from you know, we're all near and dear to this idea that measurement is critical to our overall success and new metrics that are being released, making it available to understand how new to brand customers are impacting the business, and I think those are all really important for us to be thinking about because we have to close the loop. As advertisers and as we move to this cookie-less world right, it's signs point to it happening in 2024, we have to find ways to be able to close the funnel and understand how our ads are working, and Amazon's working really hard to help brands be able to do that, both within our suite and also when you're outside of our suite. Anne: Yeah, you mentioned the new. New to brand metrics, new to brand consideration metrics, I think is what we're calling them. Can you walk our listeners through what those really are? Jeff: Well, when you're looking at new to brand, right from like a super high level, new to brand is starting to give you this metric that's beyond ROAS, and it's starting to allow brands to look at who was not buying their brand within the last 12 months. Who's now buying their brand, and there's a suite of metrics now that are available for you to be looking at so that, as you're looking at different inflection points of your advertising, you can start to actually dial down into what action you're looking for people to take. And I think that's what's really cool. And it's like this evolution and brands have to think through this evolution like one of the simplest ways to think of this, right for people who maybe, like this concept's a little far for them. One of the simplest ways to think of this is around this idea that, like, if you're trying to get more awareness of your product, when you're looking at a video, you don't want to just see video views, you want to see how long they've been watching the video, and so you might start optimizing your campaign based on video length, how many people get to a half the video or three quarters of the video. And so, when you start to get into the new to brand type of metrics, you're actually saying, okay, I want incremental growth and by definition is, you know, sales you wouldn't have had before. One of the best ways to measure that is by people who are new to your brand, and so by having multiple metrics now to be able to understand how those are being impacted, you can now go back into tools like AMC and see how that funnel is working and which ones are driving the actual you know points that you want to drive and that that's really cool, right, it's, it's very excited about. Anne: I'm very excited too, yeah. Bradley Sutton: Awesome, all right. Last question for you know maybe not something that was released here at Unbox, but you know you're very active on LinkedIn. You see what people are posting about. You know I'm sure you look at metrics about what advertisers are using. Is there something in Amazon advertising that you feel is is kind of being slept on or not enough people are talking about it, that you think more people should be using it? Jeff: I mean more people should be using Helium 10 and Pacvue. Bradley Sutton: That goes without saying. Jeff: Okay, besides that, I think that you know, bradley, you and I get asked this question a lot, right? And? And our answer is always it depends. And I think that, instead of like saying, like this is a tool that you should be using or this is a a, an advertising function, you should be trying, I think that advertisers need to be open to the idea of test and learn, and I think the more you can train your mental model to work in a test and learn type of environment, the more open you are to change, because the only thing that's constant is going to be change. Right, and you started by saying like, where this industry was years ago when we both started, think about all the change that's happened and all the change that's occurred, and the brands that have not just survived but thrived through that are brands that have taken advantage of new opportunities, have invested by testing and learning and have then double down on the things that we're working. And I don't mean to oversimplify it, right, but it's not a very specific answer of like, use helium tens tool for keyword, blah, blah, blah, but it's like that's just one piece that you then use to implement the strategy. So work backwards. What's your goal. How are you gonna get there? And then figure out what tools you need to help you scale. Bradley Sutton: Awesome. All right, well, jeff. Thank you so much for joining us. We've been trying to get you on the podcast for like two years. I'm happy it finally happened and we'll definitely be keeping in touch. Appreciate it. Thanks, guys. All right, next up, we've got Kelly here. Now, Kelly, can you go ahead and introduce yourself? Tell us what you do at Amazon. Kelly: Absolutely so, Kelly McClain. I lead our demand side platform at Amazon, so we call it ADSP, and excited to be here. Bradley Sutton: Thank you for the time. Awesome, Awesome. Now you were, you know. Just saw you on stage a few minutes ago. What were your big reveals of the day? Kelly: Yeah, really good question. So I think if, if you think about Amazon ads and kind of where we've, where we've been and where we're going, we've really continued to make a lot of progress on on how, what we've been building a lot of our goals. We're focused a lot on interoperability with our ad tech solutions, so making it easier to use. We're focused a lot on performance improvements and then again, all of this is underpinned by making sure that we're putting privacy at the core of everything that we're doing, and so, with that in mind, we've been kind of launching this week in particular, a lot of different updates around, as you think about planning, activating and measuring, right. So within planning, we were launching Cross Channel Planner, which is a new way for you to really think about full, full funnel planning. We announced Amazon Publisher Cloud, which is the new clean room technology for publishers, which we're really excited about. We've been making a lot of performance improvements to the demand side platform, both with the user interface as well as the backend performance, and then we've also been been launching a lot more on our measurement capabilities, right, so making sure that marketers are getting the insights real time, making it a lot easier for them to kind of understand. You know how they should be looking at performance and where they should be making future investments. So we're excited about it. It's going to be a really fun week. Bradley Sutton: Awesome, awesome. We have our resident DSP nerd here, Ann, so she's going to go ahead and ask have some follow up. Anne: Definitely. Amazon Publisher Cloud was announced today, which is a big step for your publishing partners, obviously. Do you see any benefit for advertisers with this release? Kelly: Yes, definitely, and you know, I think to your point. I mean we've had, if you think about kind of clean room technology, right, really starting with cloud solutions. Then Amazon marketers cloud right thinking for marketers on how we can help support them. And Amazon publisher cloud it's going to be a mouthful after I'm speaking all morning. So excuse me, but you know that's really about a solution for publishers, right, giving them much more of the ability to pair any unique insights that they have right Demographics that they might know, of course, with folks who are coming to their site and then pairing that with Amazon Ads data. But the real core of that is, of course, providing opportunities for publishers but making it easier for them to connect with advertisers, right, advertisers. Often that you know there's so many different deal opportunities out there. A lot of the kind of deal process is very manual today and it's hard to discover the right deal and knowing which deal is right for you to reach your audience and so you know. A simple example, right is, if you're, let's say, you're a common website and you know the different demographics that are coming to your site every day, but by layering on Amazon audiences, you might realize, oh, I actually have pet food lovers who or sorry, pet food lovers- I have pet lovers who are coming to my site that I didn't realize, and so then that offers publishers the ability to maybe customize some unique deal opportunities to advertisers who might be trying to target pet lovers right, or specific brands who might be selling pet food, and it provides much more unique, differentiated opportunities, and we actually had a recent test with NBC Universal and they were able to offer three and a half times more reach than what they'd seen in the past, which is really exciting. So we see this as beneficial to both marketers and to publishers by really making it a lot more simple to connect with audiences. Bradley Sutton: At the end of the day, you know, pet food lovers are pets in about 10 years at Unbox. I predict like there's going to be some DSP where pets can actually base, you know, based on what they see on TV. Anne: They've already made more of the food, Exactly exactly, so we just launched something. Kelly: And if that's possible, maybe pets will be transformed into some sort of language that they can then activate. Anne: I think so, I think so. I don't even want to think about that. Kelly: I know, I never really thought about that? Anne: Yeah, that's very exciting. So, essentially for the advertisers listening, it's going to make your reach potentially broader but also more relevant, right? So the publishers have the ability to make targeting more relevant Absolutely Great. Another big announcement was the cross-channel planner. Yes, so can you walk us through how you think the ability to forecast reach will change how advertisers perform through their DSP program? Yeah, absolutely. Kelly: I mean, I think one of the biggest challenges today, as you all know right, is the fragmentation of channels and information and the overload of signals, right, and so that's where we're excited with Cross Channel Planner providing more of the ability to help marketers understand who they should be reaching right across the funnel and get much more information on how to kind of more efficiently drive their spend. In the past, we've launched Channel Planner, so that was our first product for mostly catered towards streaming TV, right, and how do you think about reach curves and how do you make sure that you're delivering against that for upfront pitches and so forth, and this is really kind of the next iteration to driving more efficient spend. So, ultimately, we think this is going to be kind of the next step of just providing much more granularity across all of the Amazon ads products on Amazon beyond Amazon, to make it easier to figure out. Okay, where should I be allocating my budget in the best way possible? We had a baby brand who actually was reaching audiences and they activated. So they leveraged Cross Channel Planner, activated via the DSP, and then they used custom advertising to direct customers to their online store and actually had four and a half times click through rate and 11% increase in impurchase rate, which was pretty cool to see. So again, I think the ability to plan and then easily activate is something that we're really committed to and excited about. Anne: Do you think this will be applicable for advertisers who are advertising both on Amazon and off, so more so that third party placement this will help plan for that as well. Absolutely. Kelly: So Amazon is known for retail media and driving conversions in the Amazon store, and we've been making so many investments over the past several years to really drive much more full funnel solutions and making all of our solutions work for all types of advertisers whether you're an advertiser that sells on Amazon or not because we're really excited about the power of again combining Amazon signals with marketers, third party and third party signals in a way that you can actually drive conversions, drive reach and have more of a full funnel experience and conversation. And that's where our Amazon publisher direct team comes into play, where we have a lot of these relationships and can reach anyone across the internet. But we've also been investing in modeled audiences and the performance through the DSP, and so a lot of people are kind of thinking about the loss of cookies in a negative way. We actually see this as an opportunity. We see this as a way to really innovate and rethink how marketers can potentially reach people in a privacy, safe way. That also drives performance, and so this is why we've also been investing in our modeled audience solutions right so, especially as we think about driving sales or reach off of Amazon, and we've been seeing over 25% increase delivery with a lot of the solutions, as well as 12% less cost per click per impression, which I'm barely able to talk. I'm going to lose my voice by the end of this day. But so, yeah, I think all of these from again, the planning, how you can activate all of the performance improvements we've been doing within our DSP we're excited. We'll continue to help accelerate marketers across full funnel wherever they want to reach people, which we're thrilled about. Anne: Definitely the ever looming third party cookie deprecation. Yes, exactly. Kelly: Yeah, a lot of energy, but understandably, and I think it's the right thing for us to rethink how we can really connect marketers and people in the right way, moving forward. Anne: Agreed, agreed. Another thing that was mentioned was the bidding enhancements that are now going to be available through the DSP program. So, essentially, you pick a KPI and you let Amazon do all the bid optimization in order to get to that KPI. Do you think this is going to change costs for advertisers, like, will CPMs go down in highly competitive categories or go up because of this automation? Kelly: Good question and, being a DSP enthusiast, I'm sure you know that our system has been really hard to use in the past. We've heard feedback from customers and partners that it was very complex, and so we've really been. So this goal seeking bidder, as well as re-augmenting our interface so that it's much more anchored on goals, has been paramount. We want to make it easier to use the DSP. We want to understand what is your goal, what are you trying to do? What outcome are you trying to drive for your business? And we've been making a lot of user interface improvements. And then the goal seeking bidder, on the back end to your point, I'm not sure what it will do in terms of you know, I can't talk to overall pricing in the system, right, but what I can say is that we're already seeing, you know, up to 40% reduction in CPAs, where we're able to better optimize against a goal, and we're seeing marketers just really gravitate towards the ability to kind of have much more of a simple experience. But we also believe in control, and so I think that's one of the powers that we think the Demand side platform has is, if you want all of the customization, if you want the complexity, we have that right. You can really adjust whatever types of bids that you want. You can layer on various different types of audiences. You can play around with different creatives. You can, you know, make a ton of different ads to try and test and at the same time, if you want a more simple, easy experience, you know what your goal is. We're able to help optimize and provide recommendations on the best way to do that. So we see it as kind of a nice balance in providing marketers kind of that wide range of capabilities, because we think there's a lot of different discussions in the industry right now on what way folks are going to be going. Bradley Sutton: Awesome. Well, thank you so much for your time and thank you for all you do at Amazon. We appreciate it. Kelly: Thank you for the partnership. Appreciate it, of course. Bradley Sutton: Thanks, thank you All right Now we've got Miranda. Miranda, this is our first time meeting you, so can you introduce yourself and tell us what your position is at Amazon? Miranda: Absolutely. I'm Miranda Chen. I'm the director of growth and modernization for Amazon Marketing Cloud, or AMC for short. I've been at Amazon for 11 and a half years now, live in the Bay Area and at AMC I lead several teams responsible for product and engineering, developing our audience activation capabilities, making AMC easier to use for more and more customers, as well as our go to market and customer enablement activities. Bradley Sutton: All right Now. We have a wide variety of listeners, anywhere from brand new people selling on Amazon to humongous billion dollar brands. Now, the billion dollar brands probably know all about AMC, but some of our newer ones might not understand that. Maybe there can feel like wait, marketing, stream, marketing, AMC, there's all these acronyms. So can you just give a quick, maybe 30 second, one minute introduction about what is AMC? Miranda: Yeah for sure. So Amazon Marketing Cloud, or AMC, is Amazon ads as clean room, so it's private and secure by design. Each advertiser has their own campaign signals of all their various Amazon ad spend within their particular instance. So we have signals from sponsored products, sponsored brands, streaming TV effectively like all of the actual campaign events and enables custom flexible analytics on those signals. And then it also enables advertisers to be able to upload their own first party signals or third party signals so you can think of, like product catalog, retail conversions, things like that, and so then you can generate really really flexible insights, typically using SQL, such as path to conversion, reach and frequency, overlap analysis and then actually take actions on them. Bradley Sutton: Cool, so most of our listeners probably weren't able to attend here at Unbox. What's the big release for your department here at Unbox? Miranda: Yeah, so we had a couple different releases specifically related to AMC that I can touch on. The first was AMC template analytics. So it takes some of our most popular queries, such as path to conversion, reach and frequency, and then allows users to be able to generate those insights without needing to touch any codes. So that's a pretty exciting development, particularly since we know that not everybody no SQL has taught themselves SQL overnight. And then the second one was AMC lookalike audiences. So we already have the capability where one can generate a custom audience based on specific parameters. So let's just say, an advertiser saw, wanted to create an audience of folks that had seen their detail page view or even added to cart but didn't actually activate and then wanted to drive better performance. They could create a particular, they could run a query, generate that insight and push that directly to the DSP. So that's one way. That's AMC rule based audiences. And then now we launched this enhanced capability for lookalike audiences. So it enables effectively exactly what it sounds like. So finding alike audiences based on that same seed, leveraging machine learning in a clean room capacity trained on Amazon, shopper and customer signals, but all still in a private and secure place. Bradley Sutton: All right, you're already starting talking technical terms that are over my head, so let me bring in the smart one of us. And to clean rooms. My room's not clean, I don't know. That's not what we're talking about here, but go ahead and please follow up and make me sound smart here. Anne: Yeah, of course. So I'd like to talk about lookalike audiences more specifically, because this is a way for brands to reach highly relevant, essentially new customers. So do you think this will change the way people are targeting that new to brand customer targeting incrementality? Miranda: Yeah, I mean we think it's going to be a great way for brands to be able to reach more and more shoppers. So, as I mentioned, the lookalike audiences are trained on based on deep, deep ML, based on lots of very, very, very good signals, and then the advertiser can actually leverage, can get to choose what's their specific seed for the audience, like what's the general size of the audience, based on their objective and then also the relevance. So I think it'll be a really key tool as a part of the marketer toolkit. Anne: Yeah, definitely. Do you think lookalike audiences are scalable for brands that maybe have lower purchase data or lower engagement data that are using AMC? Miranda: I think so. I think they're precisely like the brands that actually could benefit from it, right Because they have a small bit of deterministic signals that they actually want to be able to enhance. And then also because AMC is private and secure by design, as I mentioned, they can also choose to upload their own first party or third party signals and then create a seed based on that and then continue to go find additional customers that seem similar to that seed. Anne: Right, I love that you call it a seed, because it sounds like it will grow over time if you're utilizing these tactics, so that's a great way to phrase it. Miranda: Thanks, it didn't come up with it. Anne: Well, we'll give you credit anyways. So you talked about the AMC templatized analytics, right? Is this a way to make AMC more accessible and, if so, are the queries that are available through those templatized analytics? Will it grow over time? What's available through that? Miranda: Yeah, so we think it's a first step towards making AMC easier for more and more customers. So we don't have a specific timeline yet on additional templates, but it is something we'll be continuing to evaluate. We have been talking to different customers and internal teams about how we can also make AMC easier to use through point and click applications as well. We also work with dozens of partners that are making AMC easier to use, either through visualizations or through their own innovative dashboard. So I think through the combination of either homegrown or partner built capabilities, we'll be able to continue to bring AMC insights to more and more customers. Anne: Yeah, pacview is one of those partners. We do have an AMC dashboard Great, I think. Another question that's kind of just in general about AMC do you think there are any verticals or categories that benefit the most from this data, or that you've seen a lot of growth and success with using AMC? Miranda: Yeah, we think of AMC as equal opportunities. So we look at the data a lot. We're very, very data driven surprise, surprise at Amazon and what we've seen is that there's penetration for AMC across brands and partners and agencies as well as across all verticals. So we've seen, certainly, strength from brands that sell on the Amazon store, but also pretty strong results with entertainment, with automotive, financial services. So you can think of someone who's like automotive who might have a bunch of local dealerships. They want to be able to do more fine event grained analyses based on specific geos, and so something like AMC is perfect for that be able to do more precise measurements. So, yeah, certainly we think it's a great product for all, but it really depends on that particular advertiser's objective and then what are the types of signals that they want to bring in and what kind of insights they can generate. Anne: Definitely, it is flexible. Miranda: Exactly Infinite and flexible. Yes, Great. Anne: My last question is just a kind of a fun one. Do you have any specific query or an example of a query that you think was really innovative that's been pulled through AMC that you can recall? Miranda: I think it's probably a generic answer, but I think the Path to Conversion one is probably one of my favorites, just because it's the simplest. I think AMC was actually the first place where an advertiser could see all of their signals across all of the Amazon ad products, and so someone who was buying sponsored products and DSP might not have realized before that they actually were driving better results together, and so Path to Conversion, and actually be able to understand how those two products were interacting, for example, really brought a lot more power and insight, I think, to advertisers. Anne: So I don't think that's generic at all. I love that one too. Miranda: There's a reason. That's core kind of at the top of the instructional query library. Anne: Right. Miranda: Agreed, all right. Bradley Sutton: I have another question for you. I like asking stuff that maybe nobody else is going to ask. When you want to take off your Amazon hat and kick back with a hobby to kind of like balance work life, what's your go-to hobby? Miranda: Well, I have an almost four-year-old so she is probably my hobby in most of the time. I'm going to try and go do fun things on the weekend, whether it's exploring new coffee shops or going to find music. Bradley Sutton: The four-year-old is a coffee drinker, is she? Miranda: No, she's not, but she's an avid consumer of chocolate croissants, and so we sample baked goods in lots of different places. Then mom gets her coffee. I think that's probably it, but in my prior pre-kid years I did a lot more yoga and hiking and things like that. Bradley Sutton: So enjoy those years. You know, my kids are over 20 already, so I wish I had a four-year-old. I remember those days All right. Thank you so much for joining us and you educated me a lot. It sounds like Ann knows all about what you're talking about. It was like a different language to me, so I appreciate you educating us on IMC. Yes, absolutely. Thank you so much. Miranda: Thank you so much. Bradley Sutton: Alright, we've got Teresa here. Teresa, could you go ahead and introduce yourself? Teresa: Sure, I'm Teresa Uthralton. I'm the Director of Partner Development here at Amazon Ads. Bradley Sutton: Awesome, awesome. How long have you been here at Amazon? Teresa: I've been at Amazon for almost 10 years, so I'm approaching that red badge. For those of you that know our badging conventions, Nice, nice. Bradley Sutton: Now you're from here in New York. I've always been in New York, yep. So I'm going to start off with maybe the most important question of the day Julianne's Pizza in Brooklyn. Is that the best representation of New York pizza, or not? Teresa: Oh, that's tough. There's so many really good pizza places now I can't even keep up with them. There's so many. Bradley Sutton: Alright. Well, we're going to have to connect right after this, because I have two days left and I need to maximize my time here. Teresa: Yes, Alright now. Bradley Sutton: We're not here to talk about food here. Teresa: I recommend checking out Roberta's in Bushwick though. Bradley Sutton: Roberta's in Bushwick. I have not been there. Anne: Yes, I think you'll really enjoy that. Bradley Sutton: We're going to that one. Anne: Right now. Yeah, actually, cancel the interview. Let's go there, we go. Yes, of course. Bradley Sutton: Now Anne here is going to ask a lot of the more technical questions, especially those that have to do with enterprise. Now I'm here to represent, kind of like, the voice of the average Amazon seller, and you know, there's some people out there who might not fully know what Amazon marketing stream is first of all. So could you just go ahead and just kind of give a quick elevator pitch for what that is? Teresa: Sure. So Amazon marketing stream is a partner-facing product, and what it does is it provides really granular hourly signals on all our advertising metrics through the Amazon API, and what that means to a seller is that they will be able to get all sorts of insights about their business that normally they would not have known. Bradley Sutton: Okay, all right, I love that. Did you practice this? I didn't even tell you I was going to ask that. All right, cool, cool. How about rapid retail analytics, your other specialty? Teresa: I know I love rapid retail analytics, so Amazon marketing stream obviously totally focused on advertising signals. As we know, so much of what's exciting about Amazon ads is that you got online retail and digital advertising Right, and so rapid retail analytics provides that level of granularity on retail signals, and one of the reasons that's so exciting is that that data used to be available at a daily cadence with a 72-hour lag, so we literally it's almost near real time now, which is a really, really exciting development. Bradley Sutton: Okay, all right. Well, now that I got that out of the way, let me turn it over to the smart one of us too, and for some follow up questions. Anne: Yeah, so I kind of want to double click into Amazon marketing stream, specifically the fact that it was recently released for DSP or it's being extended to DSP. How do you think this will change the way advertisers manage their DSP campaigns now that they have that real time data that we were talking about? Teresa: Well, it's interesting. I think one of the things that I've learned is I've been humbled by our partner's creativity. Right, you know, I was just. I was just telling someone. I joined this team three weeks before Can last year and so I showed up at Can meeting all my partners for the first time, and we had just launched the first version of Amazon marketing stream and I was like this is the coolest product. But what really got me excited was it's a product that we developed based on the feedback we got from partners Like they, they have a seat at the table, they participate in all our betas and our product teams love them, right, because they get like this incredible, you know, they get their hands dirty and they come back and they're like these are the 27 things that are wrong and you need to fix right, which is if you're a product team, that's actually like really helpful, right, so, and what? The thing that's so interesting is like it launched and everyone loved it, but then people are like well, but it only has sponsored products. Right, like, I want more, I want more, I might want more. So I think what's exciting about having ADSP signals in there is that's going to unlock a whole bunch of opportunity around partners that are deep on ADSP Right. Definitely and I think you know, probably a few months from now, we'll have some really interesting case studies, success stories. There's really like almost no end to the creativity of our partners, which is really great because they're such awesome builders. Anne: I agree. I'm curious AMC they not AMS? AMC? I know they get our accurate, our Amazon accurate. I know, there's so many of them Also provides hour by hour data for both DSP and for sponsored ads. Prior to this, especially prior to AMC, but also prior to AMS, this wasn't available for advertisers, so you kind of had to guess when you were running, like day parting or anything along those lines. Do you think the release of the stream data for DSP will eliminate the need for the AMC hourly data? Teresa: Well, I think you got to go back to like what are the use cases that people use other product, right? I think, like what is great about Amazon marketing stream? Right, it's an aggregate, aggregate data pipe, if you think about it, right, and so ultimately that's going to help people build solutions that are evergreen. It's going to help people train AI models right, because how do you train AI models? You need, like, lots of granular signals, right? And whereas the Amazon marketing stream is really about very specific use cases around, like understanding the customer purchase path, understanding incrementality, understanding attribution, so I don't think it's like one or the other, I think it's very like use case specific. Anne: Right. That actually leads perfectly into my next question, which is how you see these two datasets working together with advertisers currently, or how you see in the future that they can work together. Teresa: Yeah. So I think, like what I think is really exciting about partner innovation is, ultimately, I don't think there's ever been a better time to be a marketer, right, like there's that whole age old question about, like I know half my advertising is working, but I don't know which half, and I think we're getting about as close as we're going to get probably in our lifetime, but we're on the cusp of that with a lot of these tools, and so I think the the part about Amazon marketing stream that I think is so exciting is that it will allow the kind of automation that makes brands so much smarter and helps them do more with less. Right, and we're seeing like especially like this year has been an uncertain economic climate for a lot of folks, right, and a lot of a lot of folks are trying to figure out like my budget has been cut or my budget is capped, but I'm being asked to drive more growth Right, and I think, like partners have been able to deliver solutions based on Amazon marketing stream and rapid retail analytics that have really enabled that Awesome. Bradley Sutton: And you had a last question. Anne: I did. It's a fun one. What's your favorite thing about being at conferences like unboxed? Teresa: Oh, it's meeting my partners. You know, I learn so much from from meeting with partners, right, like I said, it's very humbling. The innovation, the creativity, what they teach us about our customers, what they teach us about our products and it's such an incredible learning experience is so energizing. Were you at our our cocktail party last night? Anne: No. Bradley Sutton: I was not. Anne: We had a lot of cocktail parties. I'm sure it was very. Teresa: That was like such a fun buzzing party and I got to meet partners from all over the world. At our award ceremony on Monday we met partners that came from Delhi and it was just really, really exciting. Bradley Sutton: Awesome, all right, well, thank you so much for coming on the show and we appreciate all that you do at Amazon. Teresa: Thank you, thanks guys. Bradley Sutton: All right, we've got Ruslana here. Ruslana, welcome to the show. Ruslana: Thank you, Bradley and Anne, for having me. Bradley Sutton: Are you based here in? Ruslana: New York no, I'm based in Seattle. Bradley Sutton: Seattle. Okay, Seattle was just there for accelerate, lots of rain, but I like. I like Seattle weather a lot. Quick question for you, first of all just how long have you been at Amazon and what is your title there? Ruslana: I'm a vice president of sponsored brands display in TV advertising and I just celebrated my 10 year anniversary Last week awesome, congrats, congrats. Bradley Sutton: now we're gonna go into like what you announced today, but you know something while you were on stage, you also referred to something that was, you know, launched a little bit ago. We're how, now you know, sponsored products can show up on websites like Pinterest and things like that, and one thing that was I have a bad memory, but it was new to me, maybe I knew about it, I guess, didn't know was like it's not just a product that's gonna display, but it'll also show, I believe, like the reviews count and even the shipping time did I, did I hear that right. Ruslana: Well, with sponsor products, our goal is to deliver the same value that Advertisers are getting today by having sponsored products was an Amazon store and some of the critical sort of trusted Amazon attributes, such as reviews, pricing information, as well as Prime delivery promise, are essential elements To helping customers make decisions and actually purchase. So yes you are, you got it right at that. Sponsor products will be containing Kind of product level or Amazon key, amazon trusted information Within these new and exclusive placements across some of these sides to help our advertisers to really go quickly and with ease from discovering something or exploring something to actually purchasing awesome, awesome. Bradley Sutton: That's been. That's been out for a while, but today, when you're on stage, you announce something brand new, and that was sponsored TV. So just give us maybe a quick 30 second, one minute overview of what that is, and Anne has some follow-up questions on that. Ruslana: Well, we see a sponsored TV, tv advertising as a whole, as a critical element of brand-building strategy. That should not be something that Brand cannot do. Any brand of any science should be able to tap into this opportunity and reach these engaged audiences on a big screen In the living room, and so sponsored TV is aiming to accomplish just that. We have worked very closely with our brands and our customers and Backwards from them, to understand what their key pain points have been and why they have not potentially used TV more actively Was in their overall brand-building strategy and, as a result, launch sponsored TV. I'm trying to eliminate three main pain points no guarantee commitments, no spend, minimum creative support and, lastly, access to first-party Amazon, first-party signals. Even when you advertise in TV, powered my machine learning and Right measurement so that advertise and send value, because what we've learned is spend is intimidating, a Lack of the right creative or ability to create the right credit. Just knowing what resonates on such a screen is Hard and intimidating and, lastly, just understanding the value that TV delivers for these brands was difficult. And so, given those three main pain points, that's there. That's why we're sponsored TV. I think to wrap like there is another element right. We at Amazon, we very custom obsessed and in this instance, we have two customers right. We have brands, and we just talked about the value we deliver for the brands, but there's also another key customer, which is the viewers, and for viewers, this is an opportunity to discover diverse collection of brands and products in places where they choose to spend their time. Bradley Sutton: Okay, now I'm just wondering where, like? What kind of placements are these? Are these like, like, like trailers that come up, or are there just actual, you know, banner ads that might pop up while you're watching a TV show? Ruslana: Oh, this is a TV advertising we're talking about, so they are video, so this is not this not sponsored display. Jeff: Yeah. Ruslana: This is video ads and they sponsor TV. Today service was in freebie content. Like I don't know if any of you watch freebie, I do. I love certain shows there, so big fan. So there is freebie content. There is streaming. Do you stream? Do you twitch? Bradley Sutton: Yes. Ruslana: Okay. Well, when you twitch during live streams, that could be. Another opportunity was in. Bradley Sutton: There might be people watch watching this right now on our rebroadcasts of this. Ruslana: People that twitch. This is where the ads would show. And then, lastly, was in a fire TV apps. Bradley Sutton: Okay, excellent yeah. Anne: So it was mentioned that the goal of this campaign, or at least one of the goals, is to make it more accessible to Advertisers who have lower budgets, don't necessarily want to deal with spend minimums etc. Do you feel like there's a lower level of budget sufficiency for running these campaigns, or can it be tested with a small amount of money? Ruslana: Well, we, as I said earlier, right customer obsessed, working back, working backwards from our brands and working backwards for them. I'm really observed that they do want to be able to engage with this audience. Why wouldn't you like if you launched a product that is net new, delightful, on the market? Why wouldn't you want to tell? Like you know, I talked on my keynote about hex glad. I don't know if you don't know, if you have it in your kitchen, but if you don't, I highly recommend. I discovered through our sponsor TV offering the brand and I love the non-stick and also non scratch. Bradley Sutton: Oh no, you had me out when you showed part of the video where it flipped over and nothing Was coming on. Anne: I like that. Ruslana: Very impressive and so at the end of the day, like that is the brand that I'm delighted to cook with every day, and I like my eggs for breakfast. Doesn't matter if it's Monday or Tuesday, Wednesday or Sunday, so in at the end of the day, I think these are the type of brands. They want to engage with the right audience at the right time, and I think this is the right time. Anne: Great. Can you walk us through some of the targeting that will be available with this type of advertising? Most of sponsored ads is keyword basis. That going to be the truth for Sponsored TV, or is it going to be more signal-based behavioral audiences? Ruslana: Well, we always try to help our brands reach the right audiences. So let me Maybe adjust one statement here Most of sponsor brands is not keyword based sponsored products. Keyword based sponsored Products is keywords based. Sponsor brands has keywords Elements in their way and how you express intent. Sponsored display doesn't have that way to express intent. But our aim is to always work with our brands and help them, give them the right tools to express the intent in the best possible way so we can deliver their message and their story in the right place at the right time. So in the case of sponsored TV, the advertisers could use both sort of category based interests and as well as Genre based interest. Bradley Sutton: I've got a spooky brand on Amazon, so like come Halloween season gonna be Maybe throwing some ads on some spooky Halloween shows or horror show. Anne: Perfect, I think we have time for one more question. So I'm curious how do you recommend brands measure success with these campaigns? Do you have specific KPIs that you think you know appropriately measure the success for sponsored TV or anything along those lines? Ruslana: So they reach. Traditional metrics are available similarly how they would be available for any other TV offerings, but in addition, we are sharing branded searches as well as detail page and store page Traffic, and so that is a starting point for the offering. We will continue evolving our metrics and help brands understand the value they're getting out of their sponsored TV offering Wonderful. Bradley Sutton: Thank you so much for joining us today. Ruslana: Thank you for having me and in Bradley.

Amazon Advertising PPC Podcast - Highway to Sell
Webinar: Mastering Amazon DSP - A Deep Dive into Digital Advertising Success

Amazon Advertising PPC Podcast - Highway to Sell

Play Episode Listen Later Oct 12, 2023 85:25


Join us for a virtual event where we will dive deep into the world of digital advertising on Amazon DSP. This event is for experienced marketers who use paid advertising but may or may not have had exposure to Amazon's DSP platform, this event is packed with valuable insights and strategies to help you understand the benefits of Amazon DSP and also to help you succeed with your advertising goals. During this online event, you'll learn from industry experts who have mastered the art of Amazon DSP. They will share their knowledge, experience and best practices to help you optimize your campaigns and drive better results. Discover the latest trends, techniques, and tools to leverage Amazon DSP effectively. From audience targeting to creative optimization, we'll cover everything you need to know to maximize your advertising success on Amazon. Don't miss this opportunity to gain a competitive edge and take your digital advertising skills to the next level. We are fortunate to have one of the most experienced set of panellists for this session: Host Tom Waghorn - Head of Training at ClearAds Tom has a career full of Amazon advertising experience and trains the Account Managers at Clear Ads. He also hosts our podcast series over on Spotify - Highway to Sell and has kindly stepped in to host this webinar for us. Guests Dave Vermeulen: Director of DSP at Buy Box Experts Dave Vermeulen is the Director of DSP at Buy Box Experts. In 2001 he founded Seattle Ad Force, Inc. a full service agency located in the Seattle area, where for the last ten years, he supported mid to large advertisers with their DSP advertising strategies. In August of 2019 he joined Egility.co (which later combined with Buy Box Experts)where he built out their DSP efforts. Anne Harrell: Product Solutions Director, DSP Due to my love of marketing and innovation, I've been working in retail media for the better part of the last eight years helping enterprise brands grow their online presence. Over the last three years, I've followed the trends of the industry and shifted my focus to display media, which I wholeheartedly believe is the future of innovative digital advertising. During this time, I've helped countless brands build effective DSP strategies while utilizing advanced measurement tactics (i.e. AMC) to ensure we're accurately measuring success. Now my focus is to better enable brands and sellers alike to utilize these tactics by applying my learnings to the development of Pacvue's features and functionality. Jack Lindberg: Director of Analytics at Mars Agency Based in New York, Jack Lindberg leads the Amazon/ Amazon Marketing Cloud Analytics and the Data Clean Room Practices at The Mars Agency. Jack is passionate about and grounded in using data and technology to accelerate commerce marketing. Prior to joining The Mars Agency, Jack spent time building Pacvue's advertising product. He is also a founding member of Puntalytics, the leading sports analytics Twitter account about NFL punting. He's been cited in renowned publications such as ESPN, The New York Times, and The Athletic. In addition to his professional accomplishments, Jack is a semi-retired professional opera singer with a passion for the arts. He holds degrees in music from Yale College and the Guildhall School of Music & Drama.

Serious Sellers Podcast: Learn How To Sell On Amazon
#499 - Demystifying the Amazon Algorithm: The Power of AI in E-Commerce

Serious Sellers Podcast: Learn How To Sell On Amazon

Play Episode Listen Later Oct 10, 2023 56:51


Want to crack the code of Amazon's algorithm? Join us in this riveting episode as we sit down with Kevin Dolan, Principal Engineer of the AI Labs program at Pacvue x Helium 10, a mastermind who has scrutinized over 100 Amazon Science papers and run millions of tests to decode the intricate workings of Amazon's search framework. From semantics to lexical search and all the fine details in between, be prepared to gain invaluable knowledge and insights that will transform how you see Amazon's ecosystem. Pressing on, we dive deep into the expansive landscape of AI with Kevin. We break down the complexities of Amazon Science's information retrieval papers, shedding light on the motivations, implications, and limitations. With a heavy focus on both the relevancy ranking system and the behavioral indicators, such as previous purchases and time spent on a page, we reveal the intricacies of how this system functions and the challenges faced by new products. You'll gain a comprehensive understanding of the balance between query intent and query volume, as well as the impact of micro-actions on a product's early life. We wrap up our conversation by evaluating the role of Artificial Intelligence in selling success, discussing how semantic search differs from lexical matching, and lastly, looking at the promising future of the Amazon algorithm's evolution. This episode is a gold mine of knowledge and insights that will guide you in navigating Amazon's complex systems. With the help of Kevin's expertise and insights, you'll be better equipped to harness the power of Amazon's algorithm for your own Amazon FBA business' success. Don't miss this rare opportunity to gain insights from an expert who has spent countless hours demystifying the workings of Amazon. Enjoy the episode! In episode 499 of the Serious Sellers Podcast, Bradley and Kevin discuss: 00:00 - Check Keyword Indexing With Helium 10 06:21 - Impressive AI Amazon Listing Builder  10:49 - Investigating the Amazon Algorithm  21:10 - How Amazon Search Works in Phases  25:43 - How Amazon Chooses Search Results  31:17 - Analyzing Product Metrics and Rankings  35:05 - Amazon Keyword Relevance and Product Ranking  38:44 - Amazon's Trend in Personalized Search  42:48 - Keyword-Based Search vs. Meaning-Based Search 50:53 - Advancements in Semantic Search Techniques ► Instagram: instagram.com/serioussellerspodcast ► Free Amazon Seller Chrome Extension: https://h10.me/extension ► Sign Up For Helium 10: https://h10.me/signup  (Use SSP10 To Save 10% For Life) ► Learn How To Sell on Amazon: https://h10.me/ft ► Watch The Podcasts On Youtube: youtube.com/@Helium10/videos

Serious Sellers Podcast: Learn How To Sell On Amazon
#494 - Amazon PPC Optimization, Launches, And Budget Strategies

Serious Sellers Podcast: Learn How To Sell On Amazon

Play Episode Listen Later Sep 23, 2023 42:39


On this episode, we're excited to have Liran Hirschkorn from Incrementum Digital sharing his expertise on Amazon advertising. He helps us unpack the complex Amazon Marketing Cloud and how it anonymizes data for privacy reasons while still offering a comprehensive understanding of the customer's journey to conversion. We further examine how the platform aids brands in measuring incrementality, particularly those utilizing Amazon DSP ads. Don't miss out as we delve into the Amazon PPC techniques for reaching new customers through upper funnel-type marketing and showing ads to lifestyle markets and demographics. We continue the conversation by discussing strategies to optimize Amazon ads campaigns. This includes the merits of creating separate campaigns for each target and employing auto campaigns for discovery. We also weigh the pros and cons of negating keywords in both auto and manual campaigns. Pay attention as we explain the potential benefits of lowering bids to secure better placements and possibly more conversions.  As we wrap up the episode, we shift our focus to optimizing sales and advertising on Amazon. Here, we discuss tactics such as increasing prices to slow sales and avoid running out of stock to boost keyword ranks. We look into managing auto campaigns differently and using modifiers to safeguard against broad and exact match keywords. Listen in as we discuss the importance of making incremental changes and evaluating clicks and actual spend data, instead of just impressions, when optimizing campaigns. Liran also offers valuable insights into sponsored display campaigns and other strategies to ensure high conversion rates for keyword ranking. Don't miss this vital conversation and Q&A on Amazon PPC and Marketing Cloud! In episode 494 of the Serious Sellers Podcast, Bradley and Liran discuss: 00:50 - Catch Liran At The Helium 10 Elite Workshop In New York 01:49 - What Is The Amazon Marketing Cloud? 09:08 - An Advice If You're Using Amazon DSP 11:29 - Auto Campaign Optimization 12:12 - ACoS Targets And Examples 15:03 - Optimizing For Target ACoS 23:53 - Keywords and Budget Per Campaign  25:22 - PPC Strategy When Running Out Of Stock 26:35 - Using Modifiers For Amazon PPC 27:23 - Best Time To Start Optimizing Campaigns 33:41 - Amazon Launch PPC Strategy 36:28 - More Effective PPC Strategies From Liran 41:43 - How To Reach Liran Hirschkorn And Incrementum Digital ► Instagram: instagram.com/serioussellerspodcast ► Free Amazon Seller Chrome Extension: https://h10.me/extension ► Sign Up For Helium 10: https://h10.me/signup  (Use SSP10 To Save 10% For Life) ► Learn How To Sell on Amazon: https://h10.me/ft ► Watch The Podcasts On Youtube: youtube.com/@Helium10/videos Transcript Bradley Sutton: Today is TACoS Tuesday, so we're bringing on another advertising expert to answer all of your Amazon PPC questions, including the latest on product launches and more. How cool is that? Pretty cool, I think. Want to keep up to date with trending topics in the e-commerce world? Make sure to subscribe to our blog. We regularly release articles that talk about things such as shipping and logistics, e-commerce and other countries, the latest changes to Amazon Seller Central, how to get set up on new platforms like New Egg, how to write and publish a book on Amazon KDP and much, much more. Check these articles out at h10.me forward slash blog. Bradley Sutton: Hello everybody, and welcome to another episode of the series sellers podcast by Helium 10. I'm your host, Bradley Sutton, and this is the show that is our monthly TACoS Tuesday program, where we bring a special guest every single month and we talk about anything and everything Amazon and Walmart PPC related. And so you guys hopefully you've been getting some of your questions ready. I've been getting some questions ready that I'm going to be giving to our guest, and let's get them all answered. So, without any further ado, let's go ahead and bring on our guest, loran Hirschkorn from Incrementum Digital. Liran in the house. How's it going, man? Liran: It's going great. Thanks so much for having me on. I'm excited to be here Awesome. Bradley Sutton: Awesome, now you're still in New York. Is that where you're based on? I'm in New York, yes, okay, I was just there a few weeks ago, took the family out there, be going one or two times again in October, and one of the times is I'm going to be seeing you. You're going to be our guest speaker at our Helium 10 Elite workshop. Do you know yet what you're going to be talking about there? Can we give anybody a sneak peek? Liran: all Possibly Amazon Marketing Cloud is what's been on my mind, but we'll see, I guess, if that stays the topic or maybe we want to get some feedback from the audience. There's a lot of very interesting things happening with the Amazon Marketing Cloud. We could talk a little bit about that here as well, let's just start with that real quick. Bradley Sutton: I think there's a lot of people in our audience who don't even know what Amazon Marketing Cloud is. Can you explain that a little bit? Liran: Yes, so the Amazon Marketing Cloud is essentially what's called a clean data room. Essentially, it's just a think about it as a place that hosts a lot of data and through AWS, and what it allows brands to accomplish now that you couldn't do before is understand the. I would say two main things One, understand the full customer path to conversion and to create audiences that you couldn't before. Let's tackle each one of those. When we say understand the full customer path to conversion, today we think we understand how a customer buys your product, but you don't really understand it Meaning if a customer searches your brand, clicks on a sponsored brand ad, then comes back, clicks on a sponsored product ad and they buy, the only thing, the only area where you're going to see the attribution of the sale is to sponsored product, because that was the last click and advertising works on the last click attribution. What the Amazon Marketing Cloud does is it stores all that information and it anonymizes the data for privacy reasons. So you don't have the specific customer information, but what the Amazon Marketing Cloud will show you is that you had this month, for this particular product, you had 100 customers that their path to conversion was branded search click sponsored product ad click sponsored display buy or see a DSP ad awareness ad search to brand name click sponsored product purchase. Because of this, what's happened historically is especially for those people that have done DSP in trying to understand whether or not DSP has incremental benefit on the sales Incremental. I see what you did there. Yeah, somebody told me that it was a very smart name to create a few years ago because really that is kind of what's being measured here. Incrementality is being measured with the Amazon Marketing Cloud because in the past if you did a DSP ad and you would be hard to understand if you actually drove more sales as a result of DSP, this will help that a little bit because it will show you how many customers you had this month that purchased when they just saw both, let's say, dsp and sponsored products together and how many customers you had that only saw sponsored products, for example. So you'll get a better understanding. Liran: Even though the way attribution works is it only goes to the last click, I always thought Amazon should have an assist kind of metric where if you had an ad that assisted as part of the process, it should kind of get something. But that's just not how ads work and Amazon Marketing Cloud aims to solve that. And the more you do DSP, especially with upper funnel type marketing, the less you see the attribution there. So when I say upper funnel type marketing, that means upper funnel means not somebody that is immediately looking to buy. So bottom funnel. We have people that are searching for a keyword. They're ready to buy. People that you are retargeting, who have visited your listing they're at the bottom, they're ready to buy. As we move up the funnel you have people that have viewed competitors but not your product. And then you have what's called awareness. We can, as brands grow and they want to scale and they've already sort of maxed out based on, like, the amount of sales they can have, just based on people who are searching for a keyword. They want to look towards brand awareness. Liran: But now you're running ads to audiences on Amazon or lifestyle. You have different markets and demographics that you can show ads to. What happens is when you run an awareness ad, that person is not going to immediately see that ad and go by. They might need to see your ad over three, four months and then, when they are actually in the market for that product, they now remember your name and when they go search on Amazon, they see that sponsored product ad. They're going to click on it and buy it because they recognize the brand name and they've seen the ad before. The problem is that again, it'll usually end up being something else sponsored products or retargeting that is the last view they have. Or click before the sale. And you have been running these awareness ads but you don't know if they're being impactful. Well, now, with Amazon Marketing Cloud, you'll see that that person actually started out with the Amazon Marketing Cloud. Liran: And I would urge people if you're running DSP, have whoever's running DSP free, whether that's Amazon, whether that's an agency ask them to create an AMC instance for you. And the reason is because, whether or not you're going to use AMC now or not, once you create that instance, you can go back a year. You have a year's worth of data since you started creating it. So that means if in six months from now or nine months from now, you want to go back and you want to see the path to conversion, et cetera, you will have already created that instance. And then the other area where AMC is very helpful is you can now create audiences that you cannot create before because you are tracking this data. So in DSP, historically before we couldn't target people who we couldn't differentiate between people who have visited your listing or added your product to cart. Now you'll be able to retarget people who have added your product to cart. You'll be able to retarget people who have added your product to wishlist, who have searched your brand name. So lots of different audiences. Liran: There's something with AMC that is called Paid Insights, where you actually pay Amazon for additional information. With that you can see on average how many buys it takes somebody to become a subscribe and save customer. So you can learn that on average it's three purchases before somebody signs up. Because typically on our first purchase we don't typically sign up for subscribe and save unless we know we like the product. And sometimes it could take your second or third purchase where, like, why am I not just saving and just adding this to subscribe and save? So now you'll be able to understand that and you'll be able to actually create a custom creative and show and add to people after two purchases that says subscribe and save right, because you know that's the typical time where people do that and you're able to create those creatives. So there's a lot that you could do with this. Liran: It's very powerful, but I would say it's still early and people understanding it. I would say a year from now, like today, you're an early adopter If you use it. A year from now you won't be an early adopter if you use it. And also a year from now, I think it will apply more whether you're doing DSP or not doing DSP. More software tools will incorporate some data from it and you'll find that there is sort of this freemium model that if you're using software, certain tools will give you the certain templates of different audiences and different path to conversion. That is included with the software and certain tools will say okay, now if you wanna get crazy and customized because you can customize almost anything within this data you'll have fees around extracting that data. But I'm sure companies probably like Pacvue et cetera the Pacvue is, I'm sure, already incorporated AMC and are working on incorporating more and more of it and you'll see those tools continue to add those things and if you're using those software tools, you'll be able to access that data and it will become more prominent. Liran: So it is very exciting. Today it applies more so if you're using DSP, but I think that's going to change down the line. So it's. I think it's important that brands understand this and it will kind of change the way we look at our metrics from being focused just on ROAS   to being more to having an understanding of also customer journey as well as ROAS  , because again you're gonna have that sponsored brand ad that's not gonna show the ROAS   attribution but you'll say, hey, I know, when I do this sponsored brand ad together with this sponsored product ad, the purchase rate is higher, and so now you're gonna be looking at these combinations and customer journey more so than just ROAS  , and those that do will have an advantage because they'll be able to understand that sometimes that spending more without seeing the RoAS   still equals ROAS   actually on your ad spend. So it's pretty cool and I think you'll hear more and more about it over the next year or so. Bradley Sutton: Okay, cool. So we're gonna be talking about that, perhaps at our elite workshops, so elite members can go to that one. We'll have tickets for non-elite members, if anybody's gonna be there in town. The reason why we're having it in New York is it's Amazon Unbox, which is a cool conference. I haven't been to it. This could be my first one. It was my first Amazon Accelerate last week, so that was super cool. All right. Now, switching back to advertising, I wanna ask my questions first here. So I got a list of stuff I've been waiting for to ask Leeran. But one that I've been getting a lot in I thought it was a good thing to bring out is auto campaign optimization. So you know, with auto campaigns, obviously this, almost more than any other you know, can get super out of control if Amazon is showing you for a bunch of random stuff. But I'm wondering, how do you, how do you optimize for ACoS on Campaigns? Bradley Sutton: Because you can get to a point where I mean I mean obviously the no-brainer thing is alright. Hey, if you should have rules in place where they're using atomic or whatever software, using is, you know, if you get, like you know, 15, 20 clicks or whatever magic number you guys pick without a sale, you know, might start negative matching. That that's that. That goes without saying, right. But the other thing you know that people can do is maybe they see some of their, their targets Not performing well, like the loose match, the close match, and they could start, you know, adjusting on an individual basis those targets. Bradley Sutton: Right, but if you, even if you're doing that, I've seen sometimes you can get to the point where now you're almost all the way down to like a 10 cent. You know target and just, and now you know the quality of keywords at 10 cents. You're just not doing well, but you almost got to that point because, right, so so I, what, what do you do at that point? Should you just you know what I'm gonna go back from 10 cents to a dollar just so I can get some new keywords? But like, where do you draw that balance? Liran: Right. So the first thing is you can also create four separate campaigns where you literally turn off Three and keep one on, so you have a set budget. So your budget is not mixed together within those, within each of those areas, because, because you might have, you know, similar products that do very well, but you might have a loose match that doesn't do well, right. So that's something you could do is separate out those four, turn one off on each campaign and then you have a dedicated budget for each one and if something is working well, you can increase the budget. If something's not working well, you can also decrease the budget. And, yes, the first thing, first thing also to recognize, is that auto, mainly, should be there for discovery, discovery tool. So, number one, you may want to allow your auto campaigns to go add a little bit of a higher ACoS, what you want overall, because you want it to be there as a discovery tool. And, yes, you want to Ultimately add negative keywords and you also want to harvest. So that means the Search terms that are converting, the aces that are converting, whatever your rule is whether it's to converge one conversion to conversion, three conversions. You want to move them over into the manual campaign. Now you can also choose to another, like personal decision, if you're going to negate that keyword in the auto campaign or not. Liran: Negate their pros and cons to both. If you negate it in the auto, you have full control in the manual. What if in the manual it doesn't get as much traction as it did in the auto? Right, and you're already. Now you negated in the auto and it doesn't get traction in the manual. That would be a reason not to negate in the auto campaign, but still you would ultimately have a higher bid and a more targeted bid in your manual campaign, where it should be getting traction there and not so much in the auto. Anymore, I would say the point is, don't let auto be too much a percentage of your overall spent and Maybe allow it to be somewhat of a higher ACoS because you recognize that it's a broad discovery type of tool. Bradley Sutton: Another situation. Let's say I've got a target, ACoS for a campaign just you know Doesn't have to be auto but my target ACoS is 40%. So you know I want my targets For also, you know, at the target level to be 40%. But on one target let's go ahead and say it's a broad, it's a broad match target. I'm at 77% now my cost per click on it is. Or my target that I had, you know the current bid was 291. Let's just say $2.91. Let's just say close call, $3. I'm looking at an exact example now. Let's say it's $3. If my cost per click is 250, right. So I'm obviously not maxing out my target. If my target is $3, right. But at this this to at this 250, I'm still at 70%. I mean right, why my target was at $3 in the first place. Let's just forget about that. I don't know what I was doing there right, but, obviously I have to go down a lot, you know you have to go down to 250 to make a difference. Bradley: Yeah, definitely below, below 250. But but is there, like you know, if 250 already is 77%, you know, should I already try and get or put the target at whatever, whatever 40% is gonna be, or is there value in just going down incrementally, like if I just go 250, technically it still couldn't now I was already getting 250. Right, right, I'm still gonna be at 70% or 77% ACoS. Should I just go down more and say, hey, I'm gonna go down to $2 because that's gonna get me closer to 40%, or do I start? Is there any value in? All, right, I'm gonna go to 250 and then let me go to 240 and 230. What is your thoughts there? Liran: There can be value in going to 230, let's say and I'll tell you what the value is the value is that the placement that you get may be better than the placement that you get at $2 and that placement can influence the conversion. So, for example, at 230, you may be at the bottom of page one at $1.70, you may be only on product pages, for example, and your conversion rate may be much less on those product pages. So there is a benefit in going incrementally and not going too fast. I would say it depends on how much it's spending and how important it is for you to cut ACoS. I would also say it's important to understand the relevancy of the keyword. If it's not such a relevant keyword and my feeling is well, it may not work. Or it's not highly relevant, it may not work. My feeling is it's not gonna work so well, probably at 240 either. Then I may just bring it down further. Liran: But if it's an important keyword, if I'm maintaining ranking, I would try to understand what's happening. Is it ACoS per click issue or is it a conversion issue? It could be ACoS per click issue. It could be that, yeah, three bucks 250 is expensive and it's a $12 product and my conversion rate is good. It's just ACoS per click issue. If so, I would try to bring it down more incrementally and to see what I'm comfortable with. Maybe I'm okay allowing that keyword to be at 50% ACoS ultimately. So I think it depends on the keyword, the importance of the keyword and how much I'm focused around like TACoS versus growth in sales. But the benefit you have in the incrementality is the placement is that your conversion rate may be better at a. You may just end up being on like product pages at a certain point and if you are, your visibility or clicks your conversions are gonna be a lot less, maybe based on the product than in the search results. Bradley Sutton: And then when you say, when you end up on product pages, it's like somebody searched that target keyword, they clicked on another product and then now you're showing up on the product page, correct, exactly because placements even when you're targeting keywords, placements are happening on search results and product pages. Liran: So I would say, generally speaking, with PPC you're better off making smaller, faster incremental changes and looking at data than making vast, big changes quickly. Bradley Sutton: All right. Next thing is the flip side. Let's say my target ACoS is 40%. With what I'm getting right now, though, it's only 10%. Would it be 10 out of 10, 100% of the situations? I should always and I'm maxing out my target Should I always increase my bid Because, theoretically, I could be leaving money on the table, depending on where my placement is? Or is there a situation where I would, hey, let's just keep that 10%? Liran: You know I wouldn't say no. I mean I wouldn't say all the time, I would just say Because, again, it could be just helping you be more profitable. One report that you could look at is the search term impression report, because that report would give you an idea of how you rank compared to other brands in terms of impressions for that particular keyword. So, for example, you could be getting the most impressions out of any other brand and getting 60 or 70% of all the impressions. Probably not in that case, because you're maxing out the cost per click, but you want to see kind of where you are and how much more room is there to get impressions. Now, generally, I would say yes. For me, most of the time I would want to increase the bid for that particular keyword and I would want to get more market share on that keyword. But if you're very focused on profitability and this is helping your TACoS be at the target then maybe not. But what I would say, though, in that case you may want to consider let's say you don't want to increase your budgets anymore you may want to consider shifting budget. Find the stuff that's not working as well, where you can reduce the bids, and then maybe allocate it to this keyword. Generally speaking, I would say I would be likely to increase the bids on that keyword. Liran: If I was under my overall, I would look at it on a kind of a campaign level, not on a particular keyword level. So if my goal for that campaign is a 40% ACOS and because of this keyword on my 30, then I would definitely increase. Now if I'm at 40 still because there's other keywords that are 50 or 60, I would see maybe I need to move budget from those keywords and I should give it to this one. So I'm not increased my budget, but I'm a lot more efficient and I'm getting better sales. I would also see where's my ranking for the keyword. If I'm ranked number one, maybe I don't increase. There's no sense to increase, right. Or if I'm ranked number one, two, three, right, maybe I don't increase because I might just be cannibalizing my organic sales. But again, if I'm number 17, I'm definitely pushing on this keyword and probably what I'm doing is, if it has enough volume, I'm moving into its own campaign. I'm adding a top of search multiplier on that keyword. Bradley Sutton: All right Question from Jonathan. Keywords per campaign. You go from one spectrum where there's people who do single keyword campaigns. You go to another spectrum. Some people have like 50 targets. Let's just start with that part of his question first. Liran: So I would say we're somewhere in between, meaning your highest search volume keywords, most important keywords, we isolate really into their own campaigns and then from there, based on search volume and performance, we'll group keywords together. I would say probably up to 30 to 50 keywords is max of what I would go per campaign. If you have a lot of long tail lower volume keywords, I think that's okay. But definitely the highest search volume keywords or keywords that have sort of medium volume, I might group into groups of five to 10, for example. As far as budget per campaign, that's very dependent on what is your overall budget? What is the performance like? Right, I'm generally going to be shifting my budgets. I'm not going to just put a budget. I'm going to be shifting my budget to the best performing budget campaigns and I'm going to be maybe taking budget away from my poorest performing campaigns. So I think the budget needs to be dynamic. Liran: I think when your question more budget or discovery or scaling, I think in the beginning you're going to probably have more budget on your broad and phrase than on your exact match. As you uncover those best performing search terms, you're going to move more into exact and have probably more budget there. But it's very common that we find phrase match be the best performing keyword type and you'll have most of our budget on that match type. It's sort of in between discovery and very narrow targeted. But I think over time you're going to put more budget on your scaling campaigns. In the beginning you're going to put more budget on your discovery campaigns Because your scaling really should be your best performing keywords. So that's where you're going to allocate more budget to and less so on discovery, because you've already discovered a lot of what's out there initially. Bradley Sutton: All right, Kind of a universal. This question has been around for years. People have different opinions on this. Hey, you're doing great on sales, about to run out of stock. Do you slow sales by raising price and turning off ads and then that hurts your potentially keyword ranks before? Or do you just go hard and heavy, run out of stock and then just get back in and hopefully you still have your keyword ranks when you come back in the stock in a couple of weeks? Liran: I think, from a ranking perspective, it's better to run out of stock at a better BSR. I agree. I think that's the better way to go. Sometimes you're going to make a decision that, hey, I just want the profits Right, because that's what's more important to me at this point in my business. I'm going to focus more on the profits now, I'm going to reduce, I'm going to raise the price. Or sometimes you may be able to raise the price and there's so much demand that you're still driving pretty good sales and you can still raise the price someone and there's a happy medium. But I would say, from a ranking perspective and coming back in stock at a better rank, it's better to go out of stock with great sales than to slow down your sales. Bradley Sutton: Speaking of auto campaigns, exact campaigns, it's in my opinion I don't know if Amazon announced anything, but just in my opinion I've seen other people say the same thing where what used to be broad and what used to be exact is not like three years ago, is not the same now, where now you have an exact campaign and sometimes you're even shown for what you would have thought would have been a phrase match or even broad matching in some situations. Because of this, are you managing things differently at all, like using modifiers or things like that? Liran: Yeah, I would say use modifiers. Modifiers will help protected because if you use a modifier then it forces it to be a true exact modifier before each word in your keyword. But even with that, sometimes there are certain synonyms that Amazon considers the same. You just need to manage it with search terms and negative keywords and bids. But yeah, amazon is definitely trying to find ways to increase their advertising revenue. As a result, they're being more generous in what they are considering your keyword and using synonyms. So use of modifiers will help protect against that Used to be. They started doing it just in sponsor brands and then we've seen this year Amazon doing it with sponsored products also. Bradley Sutton: All right. Another question let's say I'm trying to optimize for my target A-cost and so I make a change, because I'm trying something similar to what we were talking about. Like I'm at 70%, I'm trying to get to 40%, so I lower my bid a little bit. Now how often are you going back to that and seeing all right now I need to further because you talk about doing some incrementality in order to further adjust that. Like, is it time-based because of that attribution window where you can kind of take a look at it, or is it like maybe I just get another? I can see that in one day I got 500 impressions just because this is maybe some super high search volume keyword? Is that enough data where even a day later I'm further making changes, or once you make a change? Basically, my question is what are you looking at as far as when it's time to go ahead and optimize further? Is it impression-based or time-based? Liran: It's based on the data and so I would say one it depends on your budget, right? Because the more budget you have, the more data you're going to have that's coming in faster. I still wouldn't make change from one day to the next because you don't have the full attribution coming in. Even if you see, ultimately, that maybe you didn't have any sales at all, like you know right, like you just know that you didn't have orders from it, I still wouldn't make change from one day to the next. I would wait a few days. So, generally speaking, I would say it's good to be in your account two or three max times, probably a couple times a week to optimize. I think is good, because the one thing you don't want to do is make changes too often where you're just messing yourself up, and this is something we see also with sellers. They're impatient, right, because you don't want to spend money you don't need to spend, and I think everyone gets emotional when it comes to your money. But I would say two days a week is good to go in and make those optimizations. So if you did it on a Tuesday, go back in on a Saturday, or find two days a week that you go in and you're making those changes Now. Again, if you have a ton of data, a lot of spend, maybe make those two days a little closer, like Monday and Friday, or a little closer to each other. But you want to give it enough time also to get the attribution, because there will be people that and impressions. I would look at clicks and actual data of spend, not just the impressions. But people do come back and buy also, right? So if somebody you could have gotten 10 clicks today and if one or two of those become sales, maybe the costs will be fine and you have people that come back three days later. So you do really want to give some time and the attribution window to be in place. I would say most products on Amazon people do buy the same day. They're not very high-priced products, but it does also happen. Liran: So give yourself a few days in between changes and even if you're using software that even has rule-based things, then you can give the software days like look on Monday, look on Saturday, look on Friday and also when we do give software rules, you want to make sure when you're decreasing bids one of the things you want to make sure that you're doing just like an example that you said. The rules that we give it is lower OK, if keyword is above target ACoS, lower cost per click by 5%, let's say right, because if you lower bid you may not be reaching the cost per click like you said. So you want to make sure that if you're using a rule-based tool, that you're looking at the cost per click when you're lowering and that you give it, because a lot of times softwares will have both the ability to lower your bid or your cost per click that you lower your cost per click and yeah, we like to do it incrementally. I wouldn't want to go in and say lower by 20%, just lower the bid too much, lower 5% below, then let's see. And then the software will be doing this twice a week. Liran: So over a couple of weeks you are going to be significantly lowering your bid where it should be enough of a change. But I would say it's better to go a little slower than make drastic changes. Usually drastic changes are emotional and in business you want to separate yourself from some of that, which is why rule-based is good. But even if you're not using rule-based software, set up rules for yourself on how you're going to manage this based on the different circumstances. It's not a bad idea to write down for yourself what are the rules that I'm going to use to manage, if I'm managing manually as if I'm software, and what days am I going in. How much am I lowering and maybe take some of the emotion out of the management. Bradley Sutton: Another question, now that you know, obviously for a couple of years now, you know things like two step URLs search, find by are explicitly against Amazon terms of service. Me personally, 100% of my launch strategy is, you know, ppc. You know, and it's almost I'm almost giving it the same thing as when it was searched fine by. It's still kind of search fine by right. It's just not. You're not. You're not just trying to tell people to randomly search and stuff, which is what Amazon frowns on. But you know, I lower my price by a lot in the beginning. You know big sale price or big coupon, and then I try and do a super high top of search and then it's basically I'm trying to get people to search fine, to buy it. You know, even though I have no reviews where they're like, hey, this is a this price. You know, like, just, you know, I can't you know I can't let this go. So that's my 100% launch strategy. Now, other people I hear you know sometimes they couple it with, maybe like press releases or or perhaps even Google advertising. Right, you know as well. What about you, for you and your clients, for launch, when you're trying to launch on a certain keyword, right, are you strictly doing Amazon PPC? Are you using other techniques? If so, what? Liran: we're strictly doing Amazon, and we do it exactly the way you do it, meaning, first of all, the keywords that were focused on ranking. We will give them their own campaign, we will utilize top of search placement, we will recommend to our client to come with an aggressive price coupon, and we do it exactly that. The one thing we really watch for is the conversion rate. Okay, because if the conversion rate is poor, we're not going to get the ranking, and so what we focus on, once we start getting the data in, is the keywords that we're not getting that conversion rate. If it's across the board, then something on the listing side, the price or you know, we need some more reviews to come in. But if we see some keywords performing very well with a conversion rate and some not, we will pull back on those, on those that are not getting the conversion rate, and that really should be. That should very much be your focus when you're launching with those keywords are you converting? If you're converting, then you should you know you should start seeing the rankings coming in. We had a call with a client today and he said, hey, I'm not seeing the ranking. And I said to him that's because we're, that's because your conversion rates are too low and he actually just lowered the price on a product today and we're going to see if that makes an improvement. But you should be very focused on conversion rate and we've seen the ability to be able to rank, especially when you have a new product and you have this honeymoon period, just with PBC. I don't. I don't think you you have to do Google or outside traffic or anything crazy. Amazon will reward you if you are getting sales velocity plus conversion rates on those keywords. Bradley Sutton: Okay, now for the last, you know five minutes or something. Just you know some some quick hitting strategies either on Walmart advertising, Amazon advertising, some things that that you know people you think should be definitely doing out there. Liran: So I would say I would say a few things. Talk about two things. Number one one thing I see that is a problem we do a lot of audits is sponsored display, vcpm campaigns. I would encourage you to relook at how much money you're spending on those campaigns. Sometimes Amazon will encourage you to have more of those campaigns. So on account recently that you had, like I don't know, 30 or 40% of their sales coming from VCPM campaigns, and I could tell you without a doubt that probably the majority of that was cannibalized organic sales that are coming from those campaigns, I would say, if you're unsure, don't run those campaigns. Liran: The sponsored display campaigns that I like to run are cost per click campaigns and product targeting. You can run retargeting with sponsored display on ACoS per click basis. So that's what I would do. I would not run impression based and just the explanation is the reason is impression based campaigns. Somebody can just scroll by, view it, go back to the listing and buy from a retargeting ad and it gets attributed to the retargeting ad when we don't know, since they just pass by it. We don't know if that influenced them to buy or not, since they didn't click. So I would focus on your sponsored display campaigns with cost per click. Liran: The other thing I would say is to the more granular you can go, the better. Separate out your branded and unbranded campaigns, separate out your exact phrase broad campaigns. Take your high volume keywords and put them in their own campaigns. The more granular you go, the more control you have. And that's, I think, one of the keys. And I do think it's important today to also use software, because more and more things will be coming out with software. You see, like the Amazon marketing stream. So if you don't have that, you should be using software that has the Amazon marketing stream, because you can see hourly data on how you are getting sales. One thing we've seen with that is generally, if you're again, if you're unsure, if you have limited budget, I would encourage you to day part and stop targeting from 12 Pacific to 5am. That's usually when everyone's budgets reset and you're going to have a higher cost per click and not any better conversion rates usually worse conversion rates at night. So that's another strategy to help you save. Liran: And I would say, at the end of the day, if you're managing it and you pay close attention, it's not rocket science managing ads, it's taking a look at your search term reports, taking a look at your conversion rates, managing bids, adding negative keywords. It's complex because you need to give it time and you need to pull the right reports and data, and also that sometimes people think their product, their problem, is an advertising problem. When it's not an advertising problem, it's a product problem, and that's also something we see very often. I spoke to somebody today. They sell, like a shopping cart, one of those laundry things you carry around, and they said, hey, how come it's not selling as well? Their product has about 100 something reviews. It's selling okay, but there's competitors right next to you at same or lower price with 5,000 reviews, and so, again, it's not an advertising problem, it's going to be a product problem. Liran: How can you differentiate your listing more from the competitors? They do actually have a great listing and I think it's actually one of the reasons why I think they're selling. They are selling fairly well with a lower review count. But also, their problem is not an advertising problem, it's a product slash, competitor review problem, and that's why the ability to reverse engineer your competitors with tools like Helium can really help you understand where your competitors are getting sales from. Also, whenever people look at their competitors. They're assuming their competitors are, even though you may not be. The competitors are profitable and selling at great margin, and that's also not always the case. People are looking to get market shares. So I think just go very granular and give ads attention. If not, maybe consider outsourcing it. But if you give it the attention and the optimization, you learn to understand it. It's very much a data driven game. Bradley Sutton: All right. If people want to reach out to you to get some more help with PPC or to ask you some follow up questions, how can they find you on the interwebs out there? Liran: Sure, thank you. You can go to incrementumdigital.com. You can also sign up for a newsletter there. You'll get our weekly newsletter. We're sharing updates, we do webinars, so you can also just sign up for the email list there just to stay up to date. And obviously you can contact us through the website. You can also follow me and Incementum Digital and myself on social media LinkedIn, Facebook and you can DM me if you have any questions. Bradley Sutton: All right. Well, Liran, thank you so much for joining us. It'll be nice to see you again in your home stomping grounds there in New York soon and wish you all the best of success with you and your team. Please say hi to Mansour. He's been on this show before. Liran: Yes, thank you and the rest of your team. Thank you so much.

Serious Sellers Podcast: Learn How To Sell On Amazon
#493 - Amazon Accelerate 2023: Breakdown of Everything Announced!

Serious Sellers Podcast: Learn How To Sell On Amazon

Play Episode Listen Later Sep 18, 2023 43:07


In this episode, we've got all the inside scoop on Amazon Accelerate 2023 that you might have missed! Our host, Bradley Sutton, dives deep into the exciting announcements and their implications for Amazon FBA sellers. From the eagerly awaited dates for the next Prime Deal Days to cutting-edge AI features like Generative AI for building your listings inside Amazon and the AI-backed Seller Messaging Assistant, we've got you covered. Plus, we explore game-changing updates, new tools, and features like the  Amazon Shipping ground package delivery service, Amazon Supply Chain updates with inventory management, customer loyalty analytics dashboard, and sustainability solutions that are set to reshape the Amazon seller landscape. We also talked about the Buy with Prime integration inside Shopify and shared relevant numbers on how D2C E-commerce businesses are crushing it with this new feature. Tune in to discover how these developments could impact your Amazon business and stay ahead of your competitors. It's a must-listen episode for anyone in the world of Amazon selling and don't forget to let us know what you think of these announcements! Also, don't forget to catch Bradley, Helium 10, and Pacvue in the Amazon unBoxed Event in New York this October 24th to up-level and up-skill your Amazon advertising knowledge.  In episode 493 of the Serious Sellers Podcast, Bradley talks about: 02:05 - Dates For The Next Prime Deal Days Released! 02:40 - Featuring A Seller Success Story From A Helium 10 User 03:45 - Enterprise Solutions Integrated In Partner Seller App 04:09 - Emerald Notifications 05:23 - AI-backed Seller Messaging Assistant 06:35 - Generative AI For Listing Building 07:54 - Bradley's Feedback On This AI Feature After Tests 13:22 - A New Seller Homepage 13:40 - One Page Listing Management Page 14:23 - Buyer Abuse Protection 16:05 - Veeqo Multi-Channel Shipping 17:01 - Amazon Shipping Ground Package Delivery Service 18:44 - Supply Chain By Amazon (More Than Amazon Global Logistics) 20:54 - Automatic Inventory Replenishment with FBA 23:48 - Let's Get Into Day 2 Announcements 24:43 - Customer Loyalty Analytics Dashboard 26:26 - Fit Insights Tool 28:45 - Voice Of The Customer Dashboard 30:16 - Two-Tap Ratings 31:50 - New Seller Wallets 32:10 - Buy with Prime with Shopify 33:28 - Interesting Stats From Buy with Prime integration with Shopify 35:18 - Potential Sales Lift 37:16 - View In Your Room Feature Improvements 38:42 - Ships On Product Packaging Program 40:46 - Sustainability Solutions Hub 41:24 - What Do You Think Of All These Announcements? 42:29 - Catch Bradley, Helium 10, and Pacvue In The Amazon Unboxed Event ► Instagram: instagram.com/serioussellerspodcast ► Free Amazon Seller Chrome Extension: https://h10.me/extension ► Sign Up For Helium 10: https://h10.me/signup  (Use SSP10 To Save 10% For Life) ► Learn How To Sell on Amazon: https://h10.me/ft ► Watch The Podcasts On Youtube: youtube.com/@Helium10/videos Transcript Bradley Sutton: Did you miss Amazon Accelerate? Don't worry. In this episode I'm giving you guys everything that you missed out on all the announcements and how it affects US sellers. How cool is that? Pretty cool. I think. We know that getting to page one on keyword search results is one of the most important goals that an Amazon seller might have. So track your progress on the way to page one and even get historical keyword ranking information and even see sponsored ad rank placement with keyword tracker by Helium 10. For more information, go to h10.me forward slash keyword tracker.   Bradley Sutton: Hello everybody and welcome to another episode of the Serious Sellers podcast by Helium 10. I am Your host Bradley Sutton, and this is the show. That's a completely BS free, unscripted and unrehearsed organic conversation about serious strategies for serious sellers of any level in the e-commerce world, and I'm going to be going over everything that happened at Amazon Accelerate. Well, maybe not everything, but all the key points. There might be a couple things I missed, but there's a lot of interesting things that were announced at Amazon Accelerate. I'm going to keep it real. Like I say, this is BS free. No, there might be a couple things I think is not that exciting. I'm going to keep it real. Let you guys know, it's just my opinions here. So I wanted to give you guys kind of like a rundown of all the like I don't know Like 25 different announcements or 30, or even more than that. As you notice, I'm wearing my old school Helium 10 shirt here and the reason is because back when Helium 10 used to use this logo, you never would have gotten me to say, like in a million years, that Amazon would be announcing the kind of things that they have been at Amazon Accelerate the last couple years. I mean like the things that they're dropping, that I'm going to talk about today, and the things that they talked about last year. It was, you know, I would have bet a million dollars if I was a betting person that no, the Amazon would never give this kind of analytics or Amazon would never do this or that. But, man, you know, hats off to Amazon because they're really trying to come through for the sellers.   Bradley Sutton: So before I get started here, real quick kind of breaking news. If you didn't, you know here last week it's not Amazon Prime Day, but what is it called like? Prime Deal, that Prime Deal days prime something or other? Anyways, the second Prime Day, what a lot of people are calling the second Prime Day. They dropped the dates, for it's actually going to be October 10th and 11th. So mark your calendars. If you guys were preparing for deals or things like that, October 10th and 11th is, I think it's called deal day, something like that. So you know, normally I drop that in the weekly buzz, but I'll give you guys that information a couple days early.   Bradley Sutton: Alright, let's go ahead and hop into Amazon Accelerate. I was there. It was my first time at Amazon Accelerate and it was actually cool. They actually started off with like the whole entire event was started off with a Helium 10 customer. Alright, so Hemlock Park is a customer that you know we've talked about. He's actually been on the podcast Mikey from there and they did this like full profile in front of everybody about how his business is and you know how he makes these candles and you know, really, really cool to see you know Helium 10 customer front and center, like that. But you know, let me know what do you guys think? Like what if Amazon would ask you to, like you know, show your brand, you know, would you be down to do that? You know, so many sellers, I think, are afraid of showing their brand to the whole entire world, literally like now, everybody knows what, what Mikey's products are, right. So just something to think about. You know what? Would you take the publicity that you know coming on full stage from Amazon, or would you be like now, I'm good, amazon, you go pick somebody else, alright?   Bradley Sutton: First, couple of announcements you know wanted to talk about for Accelerate nothing that exciting. One of them is was Enterprise Solutions. They announced that they had 15 more software companies and solutions that are integrated into their seller partner App Store. That the seller partner App Store is like what Helium 10 and other tools like it are connected to you, but now they're connecting with like enterprise level, you know once, like QuickBooks even so, if you use QuickBooks for accounting, that's actually now integrated into the seller partner App Store. Another announcement was Emerald Notifications. Alright, so Emerald is this beta program that are doing, where some of these seller apps like you know Helium 10 can deliver notifications about things that are happening in our software in your seller central dashboard. Some of you guys might have gotten an email about that a little while ago and you guys thought it was spam or something like that. So it's real. You know Helium 10 is part of that program amongst many others.   Bradley Sutton: That's what they announced at Amazon Accelerate, and basically the way that they described is they said hey, we're trying to make it easier for you to manage and act on key business updates from your third party apps. That was word for word, verbatim from their announcement. Now, if you're wondering how do you activate it in your account, let me just show you how. Go to your seller central account and then you are going to want to go to apps and services and then manage your apps. Alright, once you do that, you're going to get to the other page here and it'll have all your you know software that you're connected with, and you're going to have to find Helium 10 and hit reauthorize alright. So you're going to want to hit reauthorize after doing that or whatever other apps that you have that you can connect to, and then what's going to happen is you'll now start being eligible for those notifications, alright.   Bradley Sutton: The next announcement was an AI back seller messaging assistant, and what this is is for customer service. Basically, you know how customers, if they have a question about their shipping or a question about the product you know those kind of questions go directly to Amazon. That's not anything new. That's always been the case, one of the advantages of Amazon. You don't have to take care of a lot of your customer service, like hey, where's my shipment? Like I don't know, amazon's one who shipped it right, you don't have to worry about those kind of things. But anyways, amazon is integrating AI into there in order to save even more of the questions and so, like now, it's going to be almost instantaneous, like somebody says, hey, where's my shipment? And AI is instantly answering them, saying, hey, here's the shipping and here's where it's going to go, or here's, you know, if you're eligible for a refund, all kinds of generic questions they are. Now have an AI that powers, instead of having to wait for a person you know might take some time to answer the questions and you know, theoretically speaking, this might help because you know, maybe in that time that a buyer is having to wait for the answer. Maybe they just decided to cancel their order or like it right. So hopefully, hopefully, this will, you know, kind of lessen those.   Bradley Sutton: Now, the first big announcement of the day that got, you know, people kind of excited was about AI and listing billing. It was kind of funny when they first were announcing that they were going to announce that they were bringing it on the stage. And I won't forget, like they had the like the product manager for there. It's like this Amazonian, like his 50s and 60s, and he's like running out there like he's you saying, bolt to the stage. And he was like super excited. Like I was sitting there in the front row, I thought he was going to do like a crowd dive or something he was running so fast, but hey, he was excited. The crowd got excited because they really hyped up this AI tool that you know we talked about on the weekly buzz a while back.   Bradley Sutton: So what does this consist of? This announcement of their AI listing builder tool? Well, they announced a press release also. It says Amazon launches generative AI to help sellers write product descriptions. And so, basically, it's going to, you know, very similar to what, you know, helium 10 has has had for a while in listing builder. Basically, what they're saying is hey, right here, word for word, says to get started, sellers only need to provide a brief description of their product, in a few words or sentences, and then Amazon will generate high quality content for the review. Sellers can refine these if they want to, or they can directly submit the automatically generated content to the Amazon catalog.   Bradley Sutton: Now you know, I'm going to raise my Bradley Sutton flag, my BS flag, a little bit here, especially when they say you know, really high quality. I don't think it's there yet. I'm not trying to throw Amazon under the bus. I have very strong faith that it's going to get there. You know, remember, this is not Amazon like creating their own. You know their own. You know magic system here they're probably using. You know AI tools out there, just like you know helium 10 uses. You know chat, gpt.   Bradley Sutton: But they tried to make it seem like, you know, for example, they gave a, an example here where you can just enter mouse pad with gel wrist right and then you'd be able to get like this, full, full listing. No, that's not the case Now. I tested it like we had this custom or this, this kind of case study I'm doing where I've made at least coffin shaped bath tray and I actually just, you know, actually threw in, you know, a description that was not just like five or six words, you know, just about four or five sentences and the output that it gave me. It just copied the input that I said in the description and that was the product description and then it copied it again and that was the bullet point number one and there was only one more bullet point and then there was no more bullet points in the title. Let me see if I could show it to you guys here. In the title it called it 32 inch black plastic coffin bathtub tray. All right, now the cool thing is hey, it adds spooky decor. I actually know that that is one of the main keywords here, spooky decor, but it called it plastic. I didn't say it was plastic. And then, even though that was the title, when you go to the description, the second bullet point or the first bullet point somewhere here it says hey, this is made with wood, so you got it right once. But in the title.   Bradley Sutton: So, guys, this is not, do not expect this yet yet to be. You know some all encompassing thing that's going to. You know, allow you to just snap your fingers and create listings. It obviously needs a lot of work If you're interested in using AI. For now I would stick with listing builder. You know that exact same listing of a test for the coffin tray. I actually created it in listing builder and I put that. You know, very similar, prompt. But obviously the difference is, you know, in listing builder I can add all of my keywords that I had found from Cerebro you know that are relevant to that niche, and then you know, listing builders try to incorporate those keywords, which is still very important. You know, for the Amazon algorithm that you, so you can get searchable. So I'm curious, you know, maybe the reason why it made such a terrible listing is because there's not that much data, you know, on coffin bath trays, and so it was kind of struggling. But maybe if I tried to do like collagen peptides, who knows, maybe I could just write collagen powder and it would make this amazing, amazing listing for me. Now, that being said, that tool might not be at its peak yet.   Bradley Sutton: However, they were giving a sneak peek at some pretty exciting announcements. They said coming soon, sellers are going to be able to submit a URL or a photo of a product and then the AI can generate reviews somehow. So you know, in my mind they were kind of saying, without really saying it maybe you have a dot com business and you've got this Shopify listing or maybe even, who knows, maybe a listing on another website like Walmart. You enter that in and then it could create an actual Amazon listing. You know that'd be pretty cool If that happened, even just like an image of a product and it would create a listing. That is pretty cool. And another thing that they said is is it's going to be available for existing listings to edit it. You know, right now it's if you want to test this out. It's only available to be done with a brand new listing if you're going to start it. But they do say that it's going to come in the future.   Bradley Sutton: Now this is something that had me a little bit worried. All right, let me read this next announcement that they said. They said hey, we'll also enrich your existing listings to ensure your products have all the details that customers want to help you drive more sales. We'll use AI to automatically generate missing attributes. First of all, that's excellent. I'm not worried about that at all. You know like that would be great for those attributes. You know, sometimes we don't know all the attributes that are needed in the back end and then we have the missing and we could be suppressed and stuff. So if Amazon AI can do that, beautiful, we'd love. We'd love to see that. But here, check this out.   Bradley Sutton: The second part We'll also use AI to automatically generate and improve titles, bullet points and descriptions based on data in Amazon's catalog. You'll be able to review any changes and make edits if desired. Now, that part has me worried because we all know that. You know, sometimes when Amazon kind of changes your title, it's not always great and you got you know like what if, all of a sudden, for my product, amazon use that AI thing that I just showed you guys and it wants to call my coffin bath tray, which is made of wood, a plastic coffin tray? And just terrible listing. So hopefully these things are not going to happen until their AI is a little bit more robust, which I'm sure it is, you know. But the second part is I definitely want to be able to click a button that says no, I do not want to implement those changes because you know all you helium 10 users out there, 99% of you are going to be better at making the listing than any AI. I'll just tell you that right now, ai, as far as if you're talking about optimizing your listing, for you know the algorithm and things like that All right, like, like you know, you've got all the data. You know even more data than the AI is going to have. You know, I know that sounds kind of like a audacious thing to say, but you know, those of you guys who know, know, know what's up. You know, like you guys can, can, you know, look across different categories of different keywords? And I think the technology for AI to do that is still too far off yet. But anyways, hopefully they're not going to be automatically just changing our listings without letting us know. I don't think they're going to do that.   Bradley Sutton: Another minor announcement that they did was about the seller homepage. You know most of you guys were opted into that new seller homepage and one of the benefits they said of this new homepage is that you can take away those widgets. You know, sometimes the seller central homepage had all kinds of like little things that you know just cluttered the screen. But now you can, you can hide those. So they talked about that in case you guys didn't know. Another thing that kind of teased it's not ready yet they talked about how you know we have all kinds of different listing dashboards in order to. You know, there's one for fixing inactive listings, there's one for managing listings. There's a dashboard to improve your listing. So what they're working on is a new one page, you know, catch all everything that has to do with your listings in seller central and it's going to have the actions that you need to take and everything's basically beyond that page. And I guess they have the beta program going right now and it said that, you know, with this beta group, sellers are being able to take actions 40% faster than the current way of having to go to all these different listing management pages.   Bradley Sutton: Another announcement they made was buyer abuse protections. You know we definitely like that. We know, although we always know that there's there's some bad players out there on the customer side and so they're implementing AI and other things in order to help kind of detect that. They quote seller selling partners can leverage Amazon's machine learning based buyer risk evaluations and specialized abuse risk investigations to protect your business. All right, so that's a bunch of fancy. You know press release kind of words there. But in a nutshell, the way they explained it is this is gonna help protect you against fraudulent orders, fraudulent claims. It says it's gonna potentially save millions of dollars on refunds and actually probably the point that I think got some applause from people, that says they announced that to address the issue of reviews, amazon has worked to automate and sanitize the sanitize I love that word, that's literally their word, that they said on stage to sanitize the process of suppressing reviews for abusive accounts in real time. All right, so we don't know exactly in the past how the Amazon kind of policed reviews, but you could see it happening, like, if you're using the Helium 10 Chrome extension, you ever look at the review history of a product and then you'll notice that all of a sudden 3,000 reviews got lost and then 2,000 reviews got added back. You probably seen that and were thinking that was a Helium 10 mistake or something. No, what was happening was Amazon would just like quarantine thousands of reviews or hundreds of reviews at a time and I guess, like you know, do some kind of audit on it and then just put back the ones that were okay. So if this, if I'm understanding this correctly, that process in the future might be now in kind of like a real time.   Bradley Sutton: Another announcement that you know may not affect a lot of you guys there's this Amazon company called I think it's called VCO, v-e-e-q-o and it's like a multi-channel shipping software. So kind of like you know me, I don't use that, I use like Snapscom, but it's very similar to that where it integrates with your seller central and then you could, you know, print shipping labels and things like that. And so they made an announcement that you know they've negotiated the cheapest shipping rates in the business and usually you can only get like the same price, no matter, you know, if I use Snapscom or if I'm using I don't know like ShipStation or something like that. Right, it's almost always the same exact price, like even my Snapscom price is the same as if I buy postage or UPS ground from Amazon. But if you use VCO, you can actually save an additional 5% off by getting credit. So that's like another announcement that they made. So if you use VCO or if you're interested in that, make sure to check that out.   Bradley Sutton: Now the next big announcement was a launch of Amazon shipping. All right, so Amazon shipping is basically a new program where they're kind of gonna be be, you know, competing with FedEx and UPS. Now this I found very interesting because you know it's been, it's been rumored to happen for a long time and now it is happening. You know, in some cities there's only like 15 cities and basically this is gonna be just just what you think is a UPS and FedEx. You know like it's a package delivery service to to fulfill not only just your Amazon like fulfilled by merchant orders, but you can technically fulfill anything. You know like you've got a dot com website and you wanna have Amazon actually pick up the shipment and then deliver it in like two to five days, including Saturdays and Sundays, at a low cost and then no extra fees for residential or weekend delivery. You wanna be able to track the packages in real time, get photo on delivery when the order is delivered. This is now coming. You know you're gonna be able to do that. So again, you don't even have to like be a you know Amazon Prime seller, fba seller to take advantage of this.   Bradley Sutton: Now a couple of things I'm wondering about is you know how you can't do like drop shipping or shipping from Amazon for Walmart? You know I used to. I used to make oh my goodness, I made hundreds of thousands of dollars drop shipping like Walmart to Amazon and vice versa. I mean it's curious, like would you be able to use Amazon shipping as a shipper and fulfill stuff you're selling Walmart? I would assume. No, I would assume Walmart would not want that. But anyways, you know if you sell on other platforms. You know this could be something that you can use.   Bradley Sutton: Another big announcement was Amazon supply chain, or they called it supply chain by Amazon, and automated solution to help so it was quickly and reliably ship products around the world. So this is kind of like they were talked about this as being an end to end system of shipping where it goes all the way from your you know factory you know picking up at the factory, you know getting it out of the country wherever it's gonna be importing through customs, you know all the way to Amazon and it takes it to another level. This is like more. We're talking about more than just through what Amazon global logistics was. Some of the things that they talked about in their press release was that these new prices for this new system are gonna reflect this counts of up to 25% on cross-border transportation that it said. You're also gonna have a streamlined domestic inbound transportation to AWD. All right.   Bradley Sutton: Awd is the Amazon warehousing they're through with their partnered carrier program. All right, so you can be able to save 25% on the already lower cost that you might have been having. So you're gonna have an expanded AWD offering with reduced prices. Those of you who are already using it, the AWD rates are gonna be now 80% lower than FBA storage fee, so that AWD is kind of like using Amazon as a 3PL, if I were to try and oversimplify it. But if you're doing AWD, compared to maybe you were just storing things in FBA and getting long-term fees, you're gonna save 80%, which is kind of a pretty impressive right.   Bradley Sutton: They're gonna have new multi-channel distribution capability and what that means is that Amazon selling partners will sell across multiple who sell across multiple sales channels, including online and brick and mortar. Keeping everything in stock is a challenge, so this is going to be able to move your inventory in bulk from AWD Amazon's warehousing to any sales channel so that you can replenish across the board, not just Amazon. So that's gonna be something coming. And something that I found interesting was automatic inventory replenishment with FBA all right. So if you're using this whole supply chain system, they're gonna be like replenishing inventory into the fulfillment centers, like from AWD, without you having to forecast.   Bradley Sutton: So, again, color me skeptical at first, just because I'm like, hey, I've seen some of Amazon's inventory forecasting recommendations and in the past it's been kind of trash in my opinion. Sorry, you know Amazon, but Amazon's definitely improving in that and so. But this would be interesting. Like I'd be curious as to what the algorithm that they're gonna use, how it's gonna work. But imagine a world where you don't even have to like worry about sending your inventory to Amazon Prime. You used to have like, hey, I'm ordering 10,000 units from my factory in China. It's going to Amazon's warehouses and I can just gonna trust Amazon to put them into FBA. You don't fulfill your orders from. You don't fulfill your orders directly from AWD to the customer. It has to go to FBA warehouses first. But imagine a world where you're not going to have to worry about that anymore. So that would be kind of interesting as well.   Bradley Sutton: So there's another you know interesting announcement that happened on day one. I mean, I can't believe we're still on day one here. Couple other things from day one. There was escalate. My case was something that was in beta where you know there's gonna be like a button in seller essential where you can like escalate if you're having trouble with support. That's coming soon and that includes talking to a live support agent. It's something funny.   Bradley Sutton: Seller poll you guys ever see those seller polls in your seller essential dashboard? Well, you know, they ask it. Hey, guys, please keep providing feedback. Now I'll keep it real here. Most of those polls have been pretty, pretty good lately, but sometimes we get a kick out of the ones Like I actually saved one of my all time favorites.   Bradley Sutton: This was, you know, a while back. It says my account is safe from being suspended unexpectedly. Strongly agree, agree, neither agree or disagree. So, like you know, we all made fun of some of these polls like this that people would get back in a day because I don't think any of us thought that we were safe from being suspended. But you know, honestly, if I were to be honest, I have been suspended unexpectedly. That was like a good four or five years ago. I think was the last time that happened. You know, if I were to get my sentiment here, you know I put probably strongly disagree. You know three years ago when I took this screenshot, but maybe now I'd be like I neither agree or disagree, like I still see. You know horror stories out there, but you know I haven't been suspended in a while and now Amazon has new systems in place that actually, where they would call you before they suspend you. So that didn't exist three or four years ago. So you know they're getting better. But anyways, the point being, don't just laugh at these polls. These are important. Most of them are important for you to get some to give Amazon your feedback.   Bradley Sutton: All right now, going to day two, a couple again minor announcements that I'm not sure affect much of you. One was called flexible customer financing, aka FCF program. You're gonna be able to enable your customers to purchase your eligible product's interest fee using installment options. So, like you know, maybe like you got a $200 product or $300 product, you can. It sounds like you're gonna be able to activate this like, hey, buy now, pay later, kind of thing sounds like. But the important part of this is that if customers opt into that, they don't have to pay right away. But guess what? You get the funds right away, if I understand this correctly. So that would be pretty cool, you know, because that would kind of suck if, yeah, let people buy this $1,000 thing and paid off over six months and you're getting, like, payments for it over six months. That would not fly right. So that would be kind of cool if this can help your sales.   Bradley Sutton: Another announcement is that there's now a customer loyalty analytics, or there's going to be a customer loyalty analytics dashboard, so it allows you to segment customers based on loyalty and analyze, segment purchase patterns and perform targeted engagement to increase your overall lifetime customer value. So they put out a press release on this and it's pretty interesting because it says, hey, new features will give sellers a comprehensive understanding of the customer sentiment for existing products from reviews and also returns. And it gave an example like hey, there's an outdoor recreation brand, they're trying to design a new tent. They'll easily be able to understand what drives customer complaints and satisfaction with the tents today. Like so it might give you like a niche kind of analysis. And it says upcoming enhancement to the tool will provide the ability to select different time periods, analyze trends over time, benchmark customer sentiment against best sellers in the category. You know that benchmarking thing sounds pretty cool and so this is something to look out for that's going to be available later this year in the US, uk, germany, france, italy and Spain, and then Japan to follow, and, instead of localized insights, will also provide a deeper understanding of customer preferences in the country. So it's not just like looking at, you know a category across all of Amazon, but you're looking at a country basis. So again, something interesting, cool announcement to look forward to.   Bradley Sutton: Another thing that Amazon release is something called fit insights tool. It's going to be backed by AI and this is for those of you who are mainly like in the apparel category, you know, which is historically one of the, you know, the one that has the most returns and issues and with reviews and things like that. But it's going to be analyzing the reviews and the size charts and kind of like how people identify themselves as what size they are and then compare it to like what size you're saying the product is, or, yeah, your shirt or socks or whatever, and then it's going to give you like suggestions, like you know what you know you probably should move your size tier up a little bit, because people who say that they're waist 38, you know they're complaining about your product because they say it's too big. So you might want to, you know, put it, call this a size 36 instead of a 38 or whatever the case may be. So you know I don't sell in the apparel, so this doesn't affect me at all. But what about you? You know you guys who are selling leggings or shirts or pants or things like that. You know, I'm sure you guys have all kinds of crazy horror stories about return. So if AI can help with that process you know it's called again, it's called fit insights. It's going to be available a beginning in October. Look out for more announcement on that. We'll probably have that in the weekly buzz.   Bradley Sutton: Another minor announcement that has to do with Amazon warehouses, called computer vision based detection. All right, so they gave this demo where they're showing like vision technology where things are going on the conveyor belts, going to you know orders and stuff, and then this AI is going to like see if there's a problem with, like, an expiration date, somehow, like on the package, or maybe the box is damaged, right, and then it's going to stop it from going to the customer. So I have, you know, face value seems okay. I'm just not fully convinced this is going to make a huge impact. I think the thing that all of us are more concerned about is when products go back to Amazon. You know it's like can we please take a look at these boxes and obviously realize that the customer didn't put the pack back in the box or it's used or things like that. Please don't put it back in inventory. This is a start. This is a start, though, you know, because you know, sometimes maybe like a forklift runs over a package, but it's still somehow it gets on the conveyor belt and then gets to the customer and they get upset because they get a super damaged box and then they return it. So in that situation, this will probably kind of like help, help with that, with that kind of stuff, and then, starting in 2024, you'll actually get a report on all the packages that Amazon kind of like stopped, you know, thanks to this new robotic vision thing that it has.   Bradley Sutton: Voice of the customer dashboard was their next announcement. That's actually something that exists now, but it talked about what is coming to this dashboard. Basically, they said they're going to launch three new, improved features that will give you more insights into what's going on to help you build customer loyalty, and these include key phrases from customer feedback. I'm not sure if that means reviews, because you know customer feedback is something different than reviews, so I'm not completely sure about that. Number two, category benchmarking and trend analysis to give you the tools to compare your performance against similar products. And then, number three, deeper key performance metrics broken down by customer feedback score. Quote unquote was part of their announcement for that. So if you're using that VOC, or voice of the customer dashboard. Look out for those three enhancements soon.   Bradley Sutton: Add to cart seller profile pages. That was another announcement. You guys know what the seller profile page is. That's where you click on the storefront, you know from a listing, and then it takes you to the page where the feedback is and the address of the seller and stuff. Well, there's nothing that allow you to necessarily buy the product before, but now, as you can see, they have an add to cart button Now for the product that maybe they were clicking on. So that's something that's already new. And then they talked about potentially, you know, maybe even having some other cross-selling where it has other products right there on this page that somebody could add to cart.   Bradley Sutton: Another announcement I really didn't understand. I wish I could have followed up on this, but it was called two tap ratings and in this session or not session, but in this announcement they were talking about how two tap ratings simplifies the seller rating process and customers have indicated that seller ratings are a critical data point in their shopping journey. So two tap ratings eliminates the written feedback requirement, simplifying the end to end review experience. So that's what the announcement was, but I'm like, wait a minute. Hasn't there just been this two tap rating for like a couple of years now, which is why the number of ratings is so much higher than the number of written reviews?   Bradley Sutton: So I'm not exactly sure what this announcement was. Maybe it's about from the actual write a customer review button on orders, like if you were to open up your mobile app right now, your Amazon buyer app, and then you know, hit an order and says write a review, you kind of do there have to leave a written review, I think. So maybe that part is gonna be changed. But I know there's like a page where you can go where Amazon just gives you these messages like hey, rate this product, you don't have to write nothing, you just like click the rating right there and that's it. So I'm not exactly sure what this announcement is, but my speculation is that from the write a review button there, you can just start leaving ratings there, but this might increase the number of ratings you know you get, which is, you know, for some customers or for some of you guys. You guys would love that. Some others were like man, this kind of sucks, I barely get any written reviews now and I really want written reviews. So maybe some of you think that's a negative. Another day.   Bradley Sutton: Two announcement was that a seller wallet where it's this is coming, where you can take your funds you know, your before you get, actually get dispersed and then you can use it to, like you know, make a wire transfer to your, to your vendors or your suppliers, things like that. You know we've had that with a group Alta, helium, 10, alta for a while, but now it's coming to a seller central. Next announcement was a little bit bigger, so it was kind of like there's a little bit of thunder being stolen because they announced it, the, you know, a couple of weeks ago about the Shopify and buy with Prime. But they talked a lot about buy with Prime. The thing that was like shock, shocking was they actually brought out the VP, or a VP of Shopify to the Amazon accelerate stage. So he actually came right on stage and even the, even the Amazonian who introduced him, was like hey, you know, a year ago I wouldn't probably not have imagined bringing this person on stage. And that was because, as we've talked about in the weekly buzz before, they had all kinds of beef. You know, in the old days, you know, shopify wanted all that smoke. They were. They were like saying, hey, if you use buy with prime on Shopify, you're against our terms of service and this and that. So, yeah, that's kind of like nobody would have ever guessed that a VP of Shopify would be on stage at Amazon accelerate, but they were talking about buy with prime. And so, in general, you know, regardless of it was Shopify or not, buy with prime has been out, you know, for a year now. They talked about how some of the stats for buy with prime, you know what kind of stats it's had for for sellers. For example, one brand said that nine out of every 10 buy with prime orders were from customers new to their brand. A newer feature was buy with prime cart is starting to see early success. So before it was kind of like if you had buy with prime, it was just for one product. But now they're rolling this out where you can, like you know, have multiple Amazon or, you know, fba supplied products and then you can actually add them to the cart and then the customer on Shopify or whatever, woocommerce or whatever, can go ahead and check out instead of just having to buy them one by one and the this, this, this feature the merchants who use it say that they increased a 15% increase in buy with prime units per order. Another announcement from the buy with prime is that they introduced you know, or they talked how they introduced reviews from Amazon so that you can display your Amazon reviews on your website at no additional costs, and they said that early results show that merchants who who added the Amazon reviews to their website have 38% increase in shopper conversion. So this is especially probably for those who are newer, have new websites and have zero reviews on there. And then another thing that they announced was buy with prime assist, which gives merchants the option to offer 24, seven cost post order customer service through Amazon at no additional costs, using a real time chat feature. So, yeah, this was definitely interesting to see.   Bradley Sutton: You know, I've never used by with prime and never even had a my own. I mean like not in like 20 years I haven't had my own website as far as my Amazon, my Amazon products go. So what about the rest of you? Has anybody of you guys out there use by with primer ready for, like, maybe WooCommerce or another website? Be curious to see. You know what you guys, you know how that's worked out for you.   Bradley Sutton: Another couple announcements, just really quick. Let me just speed through these last few ones here. There's the potential sales lift. You guys ever seen that from the dashboard? It's like where, where Amazon will tell you hey, you know, if you use a plus content, you know you can make a gazillion dollars. You know, I kind of like make light of that. But yeah, I think a lot of us were like this is such nonsense. You know, like I remember one time it was something yeah, put a plus content in your pink coffin shelf and you'll increase sales by $2,000 a month. I'm like, what are you talking about, bro? Like there's, there's not even $2,000 of pink coffin shelves sold in a year. That's like wrong. So that's probably why a lot of us wanted to even hide some of those widgets on the seller central dashboard back in the day, which is what they you know they we talked about earlier today.   Bradley Sutton: But let me tell you guys it's improved. You know I'm not. I'm not again, I'm not trying to throw Amazon on the bus. I just want to show you guys that Amazon actually gets better. I actually haven't looked at those in a long time and I'm looking at it live right now where it says under growth opportunities. Hey, this coffin egg tray says if you increase improved conversion by create, creating a plus content, you could have an $88 sales lift over 90 days. That sounds reasonable. That's like four egg trays. You know, if I put a plus content could I increase sales by four, eight trays. That sounds very reasonable, but then again it's not fully completely working. That coffin bath tray test I said if I put a plus content I'm going to get an $8 and 66 cents sales lift. I'm like this is a $4 product. How am I going to get an $8 sales lift? It's not perfect, but, guys, it is getting better. Don't just overlook it. If you're like me, who are just like, oh, I'm just going to ignore all of those because they're so far off, I think their algorithms that they have working on it is definitely a lot better. So so make sure to check that out. And anyways, the announcement that they had was this potential sales lift is going to be available for a lot other kind of things like manager experiments and 20 other catalog attributes. So 20 other things they're going to be. They're going to give you a little thing that says, hey, if you do this to each of those 20 things, you could get this kind of sales lift.   Bradley Sutton: Another cool feature they talked about was view in your room table top. So you guys ever seen the helium 10 coffin shelf or other products like furniture? And then it has a button where it says view in your room, but it puts it on the floor right, like it's mainly for like chairs and tables and stuff, and then you can kind of it's using augmented reality for your product and then you can just kind of like with your mobile app see how that product looks in the room. Well, now they said, hey, this is going to, we're rolling out the room table top feature. So instead of just looking how it would look on the floor, you're like who's going to put a coffin shelf on the floor? You know it's going to be like hey, put it on this countertop or this egg tray, how does it look in your kitchen island, and things like that. So this is coming soon.   Bradley Sutton: So in the past it wasn't something you opted into or or could ask Amazon to give you, like the helium 10 coffin shelf. We didn't do anything special. It just all of a sudden started showing up with that augmented reality. So I have a feeling based on what they were saying at Accelerate that there's now going to be some kind of controllability you're going to have where you can potentially opt into the program or send them like 3D images or something and get into there. So we actually have some follow up meetings with that department to try and see, you know, how maybe helium 10 can can help in this. But that would be pretty cool for those of you who have products that go on table tops or counter tops or things like that, being able to integrate augmented reality for your customers who have the mobile app.   Bradley Sutton: Another thing honestly I was not excited about it all, it's actually kind of scared a little bit was ships in product packaging program. All right, so it's allowing you the opportunity, it says, to ship customer orders in your own custom branded packaging without additional Amazon boxes. All right, now this could go both ways. Already, this happens sometimes and actually, you know, some of us are kind of upset when it might happen, like if you guys have like some super fancy gift box or like some nice, really nice packaging, you don't want Amazon just taking that and then slapping all their logos and and or their logos, but they're they're, you know, slapping their shipping labels and stuff on it and then having that really nice package getting all scuffed up and then it's like all torn up by the time it gets the customer. And so you know like right now I'm actually doing a brand new coffin shelf package where it's like a box, shape like a coffin and it's going to be like a super nice giftable thing. But if Amazon ships in that box, you know that kind of sucks. Now, where this is better is you know Amazon might be charging you extra shipping because it has to use extra packaging.   Bradley Sutton: So this, this article or this announcement where they talk about how, because of the ability now to ship in your own packaging in the future, maybe it's going to save you in the fulfillment costs. But I don't know for me. I most of my products. I don't want that. There's a couple of products I have that that I don't really care about the packaging much, and you know they could go ahead and slap a shipping label on there. I don't care, especially if it's safe. Saves me some money. But I'm I'm curious what you, which boat are you guys in? You know would you say, yes, I want to save, you know, a few cents on packaging and you know it also saves the environment too, you know, because you're not having to to have all this cardboard you know around, or are you like, do you have fancy packaging and you and you want that put into an outside box? Anyways, this new feature is going to have enrollment in January of 2024. So you got a couple of months to think about which which boat you would be in. They also announced the sustainability solutions hub. You can look up there. You know, on seller central, if you want more news I'm running out of time here and the last one that they announced, again that you can check in seller central, was a climate some new climate pledge friendly badges that are coming, and it's interesting. Their data shows that if you have that climate pledge friendly badge, it actually drives 10% more page views than if you didn't have it. So it might be something you might want to get onto your listing, and they're going to have three new ways in order to, you know, to have that. So there you have it, guys.   Bradley Sutton: I'm sure I missed a couple of things here, but but that was probably the majority of what they talked about that this year's Amazon Accelerate it was my first time there had a blast. I couldn't even go to all the parties because I was working in the nights. I had a whole bunch of like webinars I was doing in China and things like that. So I got I missed all the parties but I heard it was really great. There was like two, 3000 people, you know, really high quality. They had the DJ from the Beastie Boys was like the DJ for the events and and they had Tracy Ross there as a celebrity, you know speaker. Really really cool event, really well organized. You know what, what you would expect from Amazon. So, guys, next year I'm sure it's going to be back again Highly, highly, highly recommend going there because you know Amazon, there's nothing like it, you know where. I mean, I didn't even do all of it and I probably would drop 30 different news items there that they launched. So it's a one set, once a year event and definitely go.   Bradley Sutton: It's not the only event that Amazon does. Amazon does a little bit higher end kind of more advertising. So it's really the event that's happening in October, october 20, I want to say 25th and 26th or 24th to 26th in New York City. It's called Amazon Unboxed. So you want a similar event but more focused maybe on on advertising and if you're you know bigger sellers, make sure to register for that one. Amazon Unboxed, ilium 10 and Pacview definitely will have teams there, so be great to to meet you guys in person at that one. I hope you enjoyed this recap. If you guys want follow-ups for me to talk about any of these announcements a little bit more in depth, make sure to reach out. Don't forget to follow on Instagram Sirius Sellers podcast. See you guys in the next episode.

Serious Sellers Podcast: Learn How To Sell On Amazon
#492 - Walmart Seller Event Updates, Common Issues, & PPC Tips

Serious Sellers Podcast: Learn How To Sell On Amazon

Play Episode Listen Later Sep 16, 2023 17:04


Ready to catapult your Walmart selling journey to a whole new level of success? For today's special Walmart Wednesday episode, buckle up for an exciting chat where our host, Carrie Miller, sheds light on the latest developments that were revealed during the recent Walmart conference. You'll discover how the launch of new international marketplaces like Chile, same-day pickup, brand stores, and more, could potentially revolutionize your E-commerce business in Walmart.com. Additionally, we'll tackle the complexities of COMP errors, and most importantly, how to fix them - a game-changer for every Walmart seller! Shifting gears, we delve into the art of optimizing pay-per-click advertising on Walmart. Strategies revolve around using Helium 10's Cerebro for Walmart, listing optimization, grouping keywords into campaigns, and using attributes effectively. Can't wrap your head around it? Don't worry, we've got you covered!  Listen in as we break down these concepts and tips on finding the right keywords, and using Cerebro to save on advertising costs. These concepts are helpful if you're selling on Walmart.com and if you're brand is on Walmart WFS. Now is the time to sell on Walmart.com! Are you ready to take your selling journey to dizzying new heights? Let's get started! In episode 492 of the Serious Sellers Podcast, Carrie talks about: 01:14 - Updates From The First-Ever Walmart Conference 01:57 - New International Walmart Marketplaces 02:08 - Walmart Brand Stores 02:42 - Same-Day Pick up 04:21 - Add Credit Or Debit Cards For Walmart Ads Payment 05:10 - Common Issues On Walmart.com Right Now 05:23 - Navigating Through Walmart's COMP Errors 11:19 - Finding Keywords For Your Walmart PPC Campaigns 16:20 - PPC Ads In Walmart Is Important ► Instagram: instagram.com/serioussellerspodcast ► Free Amazon Seller Chrome Extension: https://h10.me/extension ► Sign Up For Helium 10: https://h10.me/signup  (Use SSP10 To Save 10% For Life) ► Learn How To Sell on Amazon: https://h10.me/ft ► Watch The Podcasts On Youtube: youtube.com/@Helium10/videos Transcript Carrie Miller: Today we're going to be discussing all the updates that were given at the recent Walmart conference. We'll also be talking about a new payment method option that you have on the Walmart marketplace and I'll show you some techniques and strategies for your pay-per-click advertising on Walmart. Bradley Sutton: How cool is that? Pretty cool, I think. Want to enter in an Amazon keyword and then within seconds get up to thousands of potentially related keywords that you could research? Then you need Magnet by Helium 10. For more information, go to h10.me/magnet. Magnet works in most Amazon marketplaces, including USA, Mexico, Australia, Germany, UK, India and much more. Carrie Miller: Hello everyone. Welcome to another episode of the Serious Sellers podcast by Helium 10. I'm going to be your host today. My name is Carrie Miller and this is our Walmart Wednesday, where we talk about all things Walmart. I answer questions we have. Sometimes we have guests, we do demos about how to utilize Walmart and how to sell on Walmart. Let's go ahead and get into it. I'm going to go ahead and get into some interesting information. Carrie Miller: Today I actually went to the Walmart conference. I think it was about two weeks ago. There were some interesting updates there and I wanted to share them with you, just in case you weren't there. There were about 1,500 sellers there. It wasn't invite only, but hopefully in the future it'll be open to more sellers, because that would be, I think it's a really great opportunity not only to learn from Walmart, but also to meet other Walmart sellers and get encouraged and see how everyone else is doing. Carrie Miller: The first thing that I want to talk about is that they're actually opening another marketplace, which is really exciting, because that means more opportunity for sellers. The first marketplace is obviously the US. We also have Canada, Mexico and now Chile. If you ever had any interest in selling in South America, they are opening a marketplace up in Chile. That's a great opportunity there if you're able to do that. Another thing I wanted to share is that they actually mentioned that they are still rolling out brand stores. If you haven't gotten access to it, don't fret, because they should be giving access to everyone soon. They're slowly rolling it out, just like they did with WFS, and they slowly just added people to those. Just keep an eye on that so that you can start creating your store just like they have on Amazon. You can put all of your products in there and showcase your brand. All they have to do customer has to do is click on your brand name on your actual listings. Carrie Miller: The next thing that I have on my agenda here is that they also mentioned that they are going to allow same day pickup. The same day pickup basically means for anyone who is a local store owner, If you have a brick and mortar store, that means that you can actually offer your products for pickup and people can actually come to your store and pick it up. Or if somebody wants same day delivery, then Walmart has a last mile pickup service that you can utilize to get same day delivery. That's pretty cool for anyone who owns a brick and mortar store in any location. It would be mostly for wherever people are local to that brick and mortar, but a really good opportunity for anyone who is local with a brick and mortar. Carrie Miller: Another thing is that large items are now available to be fulfilled through WFS. Before it was only up to 150 pounds, but now you can actually ship big things like multi-boxes, like maybe a patio set or trampolines or canoes or anything like that. Very exciting, especially because you get a lot more visibility and it helps your ranking when you're utilizing WFS. Now you can use WFS if you have big products. Another thing is that and I actually posted this in our winning with Walmart group Side note, if you're not in our winning with Walmart group by helium 10, go ahead and join that so that you can get access to other sellers and ask questions and we can answer them for you. Video ads are now available if you're a brand registered owner. If you are brand registered on Walmart, go ahead and check it out. You should be able to get access on ads because you have brand registry, but if not, you would probably want to open up a ticket. If you can't find access to that, Then this is one of my favorite updates and I actually got an email about this, I think, two days ago and that is that you can actually put a credit card or a debit card on your ads now, before it. Carrie Miller: Just they basically Always take out the amount out of your total sales, but I like using a credit card because I like to use travel points and so. On Amazon, I use you know, you know those travel credit cards to get a bunch of points and by the end of the year I have, you know, tons of points. I know a lot of other sellers like to do that too, but it was such a bummer that you couldn't do it on. On Walmart, too, but now you can actually add a credit card on there or a debit card so you can pay for your ads that way, which is really awesome. So that's something, to you know, look forward to if you are one of those people who likes to take advantage of the opportunity for travel points, All right. Carrie Miller: So I'm gonna go and get some into some discussion about just some issues that people have had. I have been looking in the group and I noticed a lot of people talking about so different situations and one of the things is comp errors. So comp errors are Basically kind of like the pesticide errors that you get on that you get on on Amazon. So if you ever get those pesticide notices where you get your product taken down, Comp error is similar but they don't really actually tell you. Usually when you get a comp error it just says comp error and your listing is seen down. You've no idea how to fix it. But usually it's because you use a product, a word that is, you know, forbidden. So what I would recommend is kind of going through those words that you know you can't use on Amazon. If you used any of them, a Walmart, delete them from your listing. A lot of times your listing will literally just come Pop back up within 15 minutes. So I think that's a really good, you know, A good thing to just try if you have the comp errors, and so I mean I've been seeing a lot of these comp errors. So that is something to take a look at and you know kind of refine that if you really have to delete the whole thing and start from scratch, I would recommend doing that too. Carrie Miller: Another question that somebody had is that they wanted to know why they weren't, you know, seeing any spend their ads and they had budget in there and they've set it up. And I have a few thoughts about this. Number one is that you're probably not targeting the right keywords and maybe your bids aren't high enough because you need to get those impressions. So I'm gonna actually, towards the end, I'm gonna talk to you a little bit about Cerebro and how you can do some exact campaigns for your PPC. But it's really important to make sure that you do keyword research and helium 10. We do have our Cerebro tool, which is literally the best keyword research tool. There's nothing else like it for Walmart and you can find, you know, all the best keywords by using Cerebro. So how they recommend doing that. Carrie Miller: And then another question that people have been asking is that if they Add an ace, if they should add an ace in on their product when they're actually uploading a product. So when you upload your product, you know it'll say you know what is your Amazon ace in? I don't recommend putting it there. I don't see why you would want to do it. I know there's one way to upload where you can literally just connect all of your Accounts, like you can just upload to Walmart via Amazon or Target or Etsy or eBay. I really don't recommend that method. My best suggestion for you to get your products and listings up properly is to use the flat file or bulk Uploads. Okay, it's a little bit harder, but once you learn the flat files, you have more control, the update faster, you can add variations in there, you just have a lot more control over your listing in there. So I highly recommend just uploading your listing with the flat file instead of these other ways, and you do not need to add an ace in there. There's really no reason for that. So I would suggest not doing that. Carrie Miller: I have a question. You said someone said I have nothing on Amazon. I still have comp errors. Okay, so somebody has saying they've compared. So what I would suggest doing is maybe kind of looking through your listing and seeing if there are any kind of Comp errors type errors maybe something like maybe you use antibacterial. There's lists on some forums about Amazon words. That's kind of what I have looked at is those words that are forbidden on Amazon and just kind of see if you have any of those. Or you could delete your listing completely and see if you can start over and just kind of slowly see if there are some trigger words in there. Another thing is I definitely recommend, you know, opening up a case for that If you still have issues. SellCord they've actually been on our podcast and Jake was on last month, sellcord.co if you contact them they always are able to help with. You know, account deactivations and compares. So if you really can't solve it on your own, I would just contacting them because they can help you expedite that whole scenario. Carrie Miller: Okay, and then another thing you know with all of that is it just has Matt in general. So I've kind of run into this issue. I was doing some, you know work on getting up a hemp cream and it was very difficult experience. You need to. You know, for any liquids you always have to submit a safety data sheet if you want to get your product in WFS. So if you're selling like a shampoo or a lotion or something like that, you always need to do that and submit that. When I first uploaded the hemp cream, it was denied, denied, denied, and then I got it approved. So I had, you know, the product up enlisted because there are other hemp products on Wal-Mart. However, apparently it's actually not. You're not really supposed to sell this product, even though there are some on Walmart and it's for sure forbidden from WFS. So some kind of has Matt type products you can sell on Walmart but you have to ship them yourself. So just keep that in mind. If you sell anything like hemp or you know any liquid issue products, you could have these kinds of issues and you might have to ship them yourself. It's kind of a stressful thing, but you know, I think it'll change in the future where you can send these things in, but for now you can still get on there for the most part and do F fulfilled by merchant. So that is what I recommend on that. Carrie Miller: So let's go ahead and get into what I wanted to talk about. To show you just I get a lot of PPC questions and so I wanted to share with you some strategies about just PPC in general. So we have a reverse product ID lookup on cerebral for Wal-Mart. So when you go into helium 10, you're going to want to go over to Cerebro and what you'll do is you will put in product ID. So the product ID is actually in the URL. So if you go to a product so I actually looked at men's genes as an example here and let's just go with the George. Okay. So George Sheens, and what you do is you basically find the product ID up in the URL or, if you have the X-ray extension, you actually can pull up the X-ray extension and then oh, I'm having issues there you can actually pull up the product ID there and just copy it straight from the extension. So that is one way to find it. So this is what we have here and we're just doing a reverse product ID and just to see what that product is ranking for. Carrie Miller: So this particular product is ranking for quite a few things sponsored and organic. You can sort by sponsored ranks so you can see, when you put these things in, if they are even advertising. It looks like this person isn't or this brand isn't even advertising. But you can also sort by search volume and look through things. So a lot of people like to go for these main keywords, but I recommend kind of looking for the lower search volume as well, and I don't necessarily think you should look at brand names. But you can find a lot of keywords in here. That would be very profitable, but maybe they're only 1,000. Carrie Miller: Let's see big and tall. If you have big and tall jeans that's a good one to kind of look for. Men's Baggy jeans is only 94. I have some literal keywords that have only 17, such as a month, and I've made multiple sales on those. The more relevant keywords, the better Work. Jeans for men it's only 200 search volume, but again, if you have really good work jeans, then you can use this and what you can do is find a bunch of these little search volume keywords and they actually add up to a lot. So what I would suggest doing is putting five to 10 keywords in campaign of the lower search volume. If you have higher search volume keywords, you really should put those in their own campaign. I recommend doing exact sponsored product ads because I've really had a hard time making sure that I'm staying profitable. Carrie Miller: Maybe some of you are different, but the broadened phrase I've not been able to get control of as much. So what I've been doing is I've been going to Cerebro often and I'm looking for keywords and what I do is I find those keywords and I kind of group them into the lower search volume together, the high search volume. They're gonna be in their own campaign and that's how you're gonna do this. Okay, so that is what I recommend for your PPC and because we have access to these keywords, you actually can sort through, like, if you wanted to find phrases containing genes, you can find anything that has something to do with genes. So all of these keywords are genes related, but they're just kind of iterations of the phrases that you can find all kinds of great potential keywords to target if you're selling something like that. So what I would say is kind of go around bigger keywords as well. Make sure that you're also capitalizing on those smaller keywords. Carrie Miller: Another thing is attributes. So in your actual listing there are places where you need to put color and size. Put the color and size into your actual title where they say it Usually, if it says men's jeans, is there a certain color? Are they black denim or regular denim? And put that in the actual title so that people can find you. Put it in the back end on the attributes. Put all the colors, all the sizing, everything that you can possibly do, so that you will show up in these searches. So that's what I would recommend Make sure that you have everything fully optimized and look for a bunch of these keywords to target. Now you can do the video ads. If you're brand registered, you can do the headline ads. So it's really, really a great time to utilize this feature. Carrie Miller: If you're not doing pay-per-click advertising, you're definitely leaving money on the table. So pay-per-click advertising is the best thing that you need to do to start on Walmart, other than optimizing your listings. I actually talked to a lot of people that they basically they say I'm not having much success on Walmart and I asked did you optimize your listing? Well, I just copied it over from Amazon. That's no, no, number one. You should definitely not just copy over from Amazon, because Walmart does not like that. They will suppress your listing and not put you in the search. And then also then I'll ask hey, have you started doing advertising? And people will say, no, I have not done any advertising. So if you haven't started advertising, that's really, really important to get some exposure for your products, get some ranking for your products. So if you haven't done that, I mean I don't actually don't know one seller who would say, oh, I launched a new product on Amazon, but I didn't optimize it and I didn't do any ads. It just unheard of. Carrie Miller: So think, keep the same energy that you have for Amazon from Walmart, so that you can, you know, just be successful. I talked to a lot of people at the Walmart conference and there were a lot of very successful Walmart sellers. I think the top was, you know they were doing about 700,000 a day in sales a day. So there is a lot of opportunity and a lot of possibility for Walmart. You just have to really push through and figure it out and just put that effort in to you know, making sure you optimize your listing and start the PPC campaigns. If you don't have, you know something to help you manage your campaigns. We do have Adtomic for Walmart. We also have a sister company, Pacvue. That is also has some Walmart advertising tools. So lots of great you know opportunities to find, you know software to help support you in the PPC journey. Carrie Miller: So I highly, you know, encourage you to go ahead. Make sure you start advertising. If you haven't started advertising, get your ads going. If you need help, you can always go into the Walmart winning with Walmart group and just get some assistance there. And also make sure you use Cerebro to find the keywords that I you're going to save so much money by finding these exact words. I did some auto campaigns at first and it was just out of control, not even helping me at all. So once I started using Cerebro I started becoming very profitable, so highly recommend doing that and good luck with everything. Let me know if you have any issues with anything and in the Walmart group, and I'd be happy to answer any questions. But hope you all have a great rest of the day and happy selling. Bye.

Amazon Advertising PPC Podcast - Highway to Sell
59. Amazon Marketing Cloud explained (Pacvue & SPN)

Amazon Advertising PPC Podcast - Highway to Sell

Play Episode Listen Later Jul 6, 2023 50:22


Welcome to the Clear Ads Podcast Highway to Sell!  You're listening to Tom Waghorn and our special guest Dustin Wassner. This week we are discussing all things API from Amazon Marketing Cloud to Marketing Stream. Dustin Wassner is an AdTech developer for Better AMS. He is in a unique position to provide valuable insights as he has been both a brand owner and an advertising account manager. He is highly experienced with Amazon Marketing Cloud and Amazon Marketing Stream and consistently shares his knowledge on his Linkedin. What is Amazon Marketing Cloud? What's a clean room?  How does it help you to understand your customer's journey?  What does it mean for working out ad strategies? How is it useful to support Amazon ads and the relevant strategies that businesses use with their ads?  What insights can you find on the platform and where should you go to find them? Who can access AMC? And what skills are needed to use it? What regions are supported? Is it available to all on DSP and PPC? It says the tool is in beta… Does this mean it's really buggy and unreliable? How long has it been around and how have we been using it successfully? What tools do you use alongside AMC and how do they help with managing and optimizing accounts? We hope you enjoyed this episode. As always please share the link to our podcast with friends, family and colleagues. And if you or someone you know is interested in having us work on your advertiser account, book a call with us through our website https://clearads.co.uk and we will be happy to hear from you.

Serious Sellers Podcast: Learn How To Sell On Amazon
#468 - Amazon & Walmart PPC Strategies, Dayparting, & Improving Organic Rank

Serious Sellers Podcast: Learn How To Sell On Amazon

Play Episode Listen Later Jun 27, 2023 36:38


In this episode, we speak with Jocelyn Jeffries of Pacvue to talk about a new AI innovation, answer all your Amazon & Walmart PPC questions, dayparting, important metrics, and more! 

Fearless Sellers - The Women of Amazon
#31 The Amazon All-Star - The Secret to Scale Sales

Fearless Sellers - The Women of Amazon

Play Episode Listen Later May 16, 2023 51:54


Interested in building your own Amazon business in partnership with 7 and 8 figure Amazon Sellers? If so, apply for your free consultation with Joie Roberts and the AMZ Insiders' team of experts here => www.amzinsiders.org/apply?sl=fp In this episode of the Fearless Sellers, the Women of Amazon podcast, host Joie Roberts interviews Melissa Burdick, former Amazon employee turned co-founder and president of Pacvue, a software company focused on helping brands succeed on Amazon. Burdick shares her experiences working at Amazon from 2005 onwards, as well as her insights on the growth of the platform and the development of Amazon PPC tools. The conversation explores the evolving landscape of Amazon for sellers and the challenges and opportunities that come with it.   [00:02:45] Amazon's growth period stories. [00:07:05] Designing for online sales. [00:07:48] Nimble e-commerce sellers. [00:11:38] Amazon's API and PPC. [00:17:44] Quick iterative feedback process. [00:19:33] Partnership boundaries. [00:23:35] Starting a successful business. [00:27:07] Advertising self-service programs. [00:31:30] Recruiting passionate team members. [00:36:10] Breast cancer diagnosis and treatment. [00:39:23] Partnership with Assembly. [00:44:21] Leveraging strengths in integration. [00:47:40] Scaling company culture. [00:50:31] Hitting success after failure.   Melissa Burdick is a former Amazon employee and the co-founder and president of Pacvue, a software company. She believes that tools are essential for success and that partner relationships are key to success. Melissa also values hiring passionate people and leveraging strengths to succeed. She encourages others to stay motivated and fearless in pursuing their goals.   Connect with Melissa on LinkedIn: https://www.linkedin.com/in/melissaburdick/ Connect with Pacvue: https://www.pacvue.com Connect with Helium 10: www.AMZProductSpotter.com Connect with Joie Roberts on Instagram: https://www.instagram.com/joieroberts.official/ Interested in building your own Amazon business in partnership with 7 and 8 figure Amazon Sellers? If so, apply for your free consultation with Joie Roberts and the AMZ Insiders' team of experts here => www.amzinsiders.org/apply?sl=fp

The Ad Project
Bridging the Skills Gap When Managing Advertising for Brands w/ Kyle Kirkwood

The Ad Project

Play Episode Listen Later Jan 18, 2023 35:49


In the early days, developing a solid brand strategy included a lot of testing and iterating. However, a lot of that has changed today through experts like Kyle Kirkwood, who designs training modules to help brands grow. In today's episode, Joe and Kyle discussed some key pillars to consider when managing advertising for brands. These are: Planning ActivationReporting and Analysis We dived into each of these, plus more in this episode! Connect with Kyle: Kyle currently works as the Training & Development Director at Pacvue. He is surrounded by his amazing team, who aggressively push the limits of what's possible in e-commerce advertising. He has had the pleasure of identifying pain points for users of SaaS and creating in-depth training that helps them hit their goals and grow their businesses.LinkedIn: https://www.linkedin.com/in/kylejkirkwood/

Serious Sellers Podcast: Learn How To Sell On Amazon
#393 - PPC Strategies And Amazon Marketing Stream Explained

Serious Sellers Podcast: Learn How To Sell On Amazon

Play Episode Listen Later Nov 5, 2022 39:44


In this episode, we talk to Cameron Berlin-Day of Pacvue about general PPC tactics, discuss features inside Amazon ads like the Marketing Stream and Marketing Cloud, and more!

The CPG Guys
Member Access Platform with Sam's Club's Austin Leonard & Pacvue's Melissa Burdick

The CPG Guys

Play Episode Listen Later Oct 29, 2022 45:17


The CPG Guys, PVSB and Sri are joined in this episode by Austin Leonard, Head of Sales at Sam's Club MAP (Member Access Platform) & Melissa Burdick, President of Pacvue, the enterprise platform for eCommerce advertising, sales, and intelligence.Follow Austin Leonard on LinkedIn at:  https://www.linkedin.com/in/austinleonard/Follow Sam's Club MAP on LinkedIn at: https://www.linkedin.com/company/sam%E2%80%99s-club-map-member-access-platform/Follow Sam's Club MAP online at: https://map.samsclub.com/Follow Melissa Burdick on LinkedIn at: https://www.linkedin.com/in/melissaburdick/Follow Pacvue on LinkedIn at: https://www.linkedin.com/company/pacvue/Follow Pacvue online at: http://pacvue.comAustin & Melissa answer these questions:1) Melissa, what makes retail media the fastest growing advertising channel and what are some of the core challenges that brands are facing in activating retail media effectively?2) Austin, what is the underlying data asset that powers the Sam's Club Member Access Platform? Would you dimensionalize the shopper base and omnichannel sales volume?3) Austin, What on-site & off-site investment options are available to brands seeking to grow through Sam's Club? What in-club retail media solutions are Sam's Club making available to brands?4) Melissa, What are the details behind the partnership between Sam's Club and Pacvue, and why do you think this helps brands work with Sam's Club?5) Austin, What performance measurement solutions do you offer to brands investing in the Member Access Platform's retail media solutions?6) Melissa, How do the Sam's Club & Pacvue teams support brands seeking to leverage your platform offerings and where are you looking to enhance your offerings in the near future?7) Austin, what is the best way for brands intrigued by the capabilities within MAP to get engaged with Sam's Club?8) Melissa, what is the core value proposition that Pacvue brings to brands seeking to execute retail media campaigns with Sam's Club and other retailers with which Pacvue has integrated?CPG Guys Website: http://CPGGuys.comFMCG Guys Website: http://fmcgguys.comCPG Scoop Website: http://CPGscoop.comRetailWit Website: http://retailwit.comDISCLAIMER: The content in this podcast episode is provided for general informational purposes only. By listening to our episode, you understand that no information contained in this episode should be construed as advice from CPGGUYS, LLC or the individual author, hosts, or guests, nor is it intended to be a substitute for research on any subject matter. Reference to any specific product or entity does not constitute an endorsement or recommendation by CPGGUYS, LLC. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent.  CPGGUYS LLC expressly disclaims any and all liability or responsibility for any direct, indirect, incidental, special, consequential or other damages arising out of any individual's use of, reference to, or inability to use this podcast or the information we presented in this podcast.

The CPG Guys
Retail Media Performance Measurement with Albertsons Media Collective's Claire Wyatt

The CPG Guys

Play Episode Listen Later Oct 18, 2022 41:49


The CPG Guys, PVSB and Sri are joined in this episode by Claire Wyatt, Head of Business Strategy & Marketing Science at Albertsons Media Collective, the retail media arm for Albertsons Companies.Follow Claire Wyatt on LinkedIn at:  https://www.linkedin.com/in/clairewyatt/Follow Albertsons Media Collective on LinkedIn at: https://www.linkedin.com/company/albertsons-media-collective/Follow Albertsons Media Collective online at: http://albertsonsmediacollective.comClaire answers these questions:1) Would you walk us through your professional experience, highlighting where you developed key skills and experiences that prepared you for your current role at Albertsons Media Collective.2) On a previous episode of this podcast, your colleague Evan Hovorka described Albertsons Media Collective's portfolio of offerings as having “late mover's advantage.” As you thought about ensuring that Albertsons Media Collective's targeting & measurement would be best-in-class among competitive retail media platforms, what were you seeking to deliver to brands?3) Would you double click down into the targeting capabilities within Albertsons Media Collective. When creating audiences, how are brands able to leverage longitudinal purchasing behavior and how can it be applied to omnichannel media activations? How is that different from your competitive set?4) Evan argued that ROAS alone was not meaningful for brands seeking to understand real incrementality. How is Albertsons Media Collective delivering meaningful ROI measurement for the investments that brands make in your assets? How quickly are they able to get these insights?5) In your partnerships with third party partners like The Trade Desk for programmatic offsite or Pacvue for platform ad management, how do you collaborate to ensure the measurement & analytics are consistent & meaningful for brands?6) Do you have any examples of creative ways that Albertsons Media Collective is partnering with brands in performance marketing analysis to transform their media planning & investments?7) What advice do you give to brands seeking to leverage the full performance measurement services of your team and how do you measure your team's ability to deliver the service levels you have established?8) How does your team support brands seeking to leverage your measurement offerings and where are you looking to enhance your offerings in the near future?CPG Guys Website: http://CPGguys.comFMCG Guys Website: http://FMCGguys.comCPG Scoop. Website: http://CPGscoop.comRetailWit Website: http://retailwit.comDISCLAIMER: The content in this podcast episode is provided for general informational purposes only. By listening to our episode, you understand that no information contained in this episode should be construed as advice from CPGGUYS, LLC or the individual author, hosts, or guests, nor is it intended to be a substitute for research on any subject matter. Reference to any specific product or entity does not constitute an endorsement or recommendation by CPGGUYS, LLC. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent.  CPGGUYS LLC expressly disclaims any and all liability or responsibility for any direct, indirect, incidental, special, consequential or other damages arising out of any individual's use of, reference to, or inability to use this podcast or the information we presented in this podcast.

The CPG Guys
Late Mover Advantage in Retail Media with Albertsons Media Collective's Evan Hovorka & Pacvue's Melissa Burdick

The CPG Guys

Play Episode Listen Later Jul 13, 2022 46:31


The CPG Guys, PVSB and Sri are joined in this episode by Evan Hovorka, Head of Retail Media Products at Albertsons Media Collective, the retail media arm for Albertsons Companies & Melissa Burdick, President of Pacvue, the enterprise platform for eCommerce advertising, sales, and intelligence.Follow Evan Hovorka on LinkedIn at:  https://www.linkedin.com/in/evanhovorka/Follow Albertsons Media Collective on LinkedIn at: https://www.linkedin.com/company/albertsons-media-collective/ Follow Albertsons Media Collective online at: http://albertsonsmediacollective.comFollow Melissa Burdick on LinkedIn at: https://www.linkedin.com/in/melissaburdick/Follow Pacvue on LinkedIn at: https://www.linkedin.com/company/pacvue/Follow Pacvue online at: http://pacvue.comEvan & Melissa answer these questions:1) What is the underlying data asset that power Albertsons Media Collective? Would you dimensionalize the shopper base and omnichannel sales volume?2) What on-site investment options are available to brands seeking to grow through Albertsons Media Collective? (Sponsored listing, enhanced listing, etc) What banner sites are available?3) With respect to sponsored listing ads, what type of bidding system is used & what are the targeting capabilities (key word, prior purchasing behavior, etc.)?4) What in-store retail media solutions are Albertsons Media Collective making available to brands?5) Albertsons Media Collective also announced a strategic partnership with your company Pacvue. What are the details behind this and why do you think this helps brands work with Albertsons Media Collective?6) Albertsons Media Collective has partnered with The Trade Desk to provide offsite digital advertising solutions. Would you describe this powerful partnership?7) What performance measurement solutions do you offer to brands investing in Albertsons Media Collective's omnichannel retail media solutions?8) How does the Albertsons Media Collective & Pacvue teams support brands seeking to leverage your platform offerings and where are you looking to enhance your offerings in the near future?CPG Guys Website: http://CPGGuys.comFMCG Guys Website: http://fmcgguys.comRetailWit Website: http://retailwit.comDISCLAIMER: The content in this podcast episode is provided for general informational purposes only. By listening to our episode, you understand that no information contained in this episode should be construed as advice from CPGGUYS, LLC or the individual author, hosts, or guests, nor is it intended to be a substitute for research on any subject matter. Reference to any specific product or entity does not constitute an endorsement or recommendation by CPGGUYS, LLC. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent.  CPGGUYS LLC expressly disclaims any and all liability or responsibility for any direct, indirect, incidental, special, consequential or other damages arising out of any individual's use of, reference to, or inability to use this podcast or the information we presented in this podcast.

What Do You Do Next?
The Power Of Pacvue

What Do You Do Next?

Play Episode Listen Later Dec 31, 2021 44:50


2022 is all about how you can start automating your daily actions so you can focus on strategy. Misha Beatty (Account Executive at Pacvue) tells us how you can leverage Pacvue to increase sales, and optimize operations while lowering costs.Book a free assessment call with us!: https://bit.ly/3QH9Q8BSo you just started an eCommerce business? Misha Beatty, the Account Executive at Pacvue, explains how you can leverage Pacvue, an enterprise software suite for eCommerce advertising, sales, and intelligence, to increase sales and optimize operations while lowering costs. Pacvue combines end-to-end retail data with the tools required to take specific actions, allowing brands and sellers to build and grow their businesses across various marketplaces, including Amazon, Walmart, Instacart, Criteo, and CitrusAd.  You'll learn how you can use the platform to automate your daily business operations and optimize sales, ad campaigns, and the digital shelf in one place. This Is The DayA podcast about moving forward with your dreams, being brave and making big things...Listen on: Apple Podcasts Spotify The Personal Finance PodcastSubscribe now and Master Your Money in Less than 30 Minutes Per Week! Listen on: Apple Podcasts Spotify

What Do You Do Next?
Why DSP Should Be Everyone's Endgame

What Do You Do Next?

Play Episode Listen Later Dec 31, 2021 55:42


Are you an Amazon seller looking to create brand awareness and get new customers? A demand-side platform (DSP) might be the answer. It's basically an ad platform designed to engage audiences outside the Amazon marketplace and drive them to Amazon.  Kyle Kirkwood, the Director of Learning at Pacvue, explains why every Amazon seller who is serious about exposure, growth, and increasing sales needs a DSP. Learn how you can leverage this tool to create new audiences using their search behavior, purchase behavior, product visits, etc. to fuel the growth of your brand. Book a free assessment call with us!: https://bit.ly/3QH9Q8BThis Is The DayA podcast about moving forward with your dreams, being brave and making big things...Listen on: Apple Podcasts Spotify The Personal Finance PodcastSubscribe now and Master Your Money in Less than 30 Minutes Per Week! Listen on: Apple Podcasts Spotify

Next in Marketing
How Amazon is looking to quietly conquer every part of the advertising business

Next in Marketing

Play Episode Listen Later Nov 17, 2021 36:47


Next in Marketing spoke with Melissa Burdick, president and co-founder of Pacvue, a technology company that specializes in buying ads on retail properties, including Amazon. Burdick discussed how differently Amazon views Madison Avenue versus other tech leaders, and how the company is systematically moving to disrupt TV advertising and measurement. Guest: Melissa BurdickHost: Mike Shields

The CPG Guys
Insights-Driven Growth Marketing with Amazon Fresh's Rose Jia

The CPG Guys

Play Episode Listen Later Nov 13, 2021 37:39


The CPG Guys, Sri & guest host Melisssa Burdick from Pacvue are joined in this episode by Rose Jia, head of Growth Marketing for Amazon Fresh.This is the second of a two part partnership episode series with Cardlytics which partners with financial institutions to understand where and when consumers are spending their money. They use these insights to help marketers identify, reach, and influence likely buyers at scale.Follow Rose Jia on LinkedIn at: http://linkedin.com/in/rjiaFollow Renaissance Marketer at: http://renaissancemarketer.comFollow Cardlytics online at: http://www.cardlytics.comFollow Cardlytics on LinkedIn at: https://www.linkedin.com/company/cardlytics/For more inquiries on eyekandy, please contact garrett@eyekandy.comRose answers these questions:Walk through your background—the journey from investment banker to marketing.Do you think your background gives you an edge/advantage in your current role, how so?What is renaissancemarketer.com How do you define a renaissance marketer?Are there certain gaps or common biases that you think hold a lot of marketers back from making a bigger impact?Shopper behavior has change dramatically in the past year and half. What challenges do you face in better understanding and incentivizing shoppers?You've spoken about your approach of choosing partners to go ‘deep' with as similar to making investments in the financial world. Can you explain your philosophy about that?What gaps do you see in the solution provider space to meet the new needs of/partner with retailers?Any good examples of emerging platforms you're bullish on delivering big marketing returns for you over the long term?What does best in class partnership look like to you? (Guiding/consulting/challenging vs marching orders/tactical execution)Please provide the CPG Guys feedback at http://ratethispodcast.com/cpgguysCPG Guys Website: http://CPGGuys.comInstagram: http://Instagram.com/cpgguysTwitter: http://twitter.com/cpgguysPlease follow the Network of Executive Women at http://newonline.org/cpgguysDISCLAIMER: The content in this podcast episode is provided for general informational purposes only. By listening to our episode, you understand that no information contained in this episode should be construed as advice from CPGGUYS, LLC or the individual author, hosts, or guests, nor is it intended to be a substitute for research on any subject matter. Reference to any specific product or entity does not constitute an endorsement or recommendation by CPGGUYS, LLC. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent.  CPGGUYS LLC expressly disclaims any and all liability or responsibility for any direct, indirect, incidental, special, consequential or other damages arising out of any individual's use of, reference to, or inability to use this podcast or the information we presented in this podcast.

The Startup CPG Podcast
Amazon Success Secrets - Actionable Expert Insights on Launching & Growing a CPG Brand on Amazon

The Startup CPG Podcast

Play Episode Listen Later Oct 25, 2021 41:01


With 200 million prime members worldwide and 60% of online purchases starting with an Amazon search, CPG brands can't ignore the opportunities available on Amazon. At Startup CPG, we're committed to helping small brands succeed on all channels, including Amazon and that's why we've partnered with Marketplace Ops. Today we welcome Fernando Campos, co-founder of Marketplace Ops, a leading online marketplaces brand management agency that helps CPG companies accelerate their growth on Amazon and Walmart. Listen in as Fernando covers pre-launch and launch tips, how to handle negative reviews, Amazon's VINE program, data-based strategies for optimizing your main image, a better way to think about ACOS targets, tips for choosing an Amazon vendor, and strategies for Black Friday, Cyber Monday. Marketplace Ops is a proud sponsor of Startup CPG. Episode Links: MarketplaceOps website Fernando's LinkedIn Browser extensions for estimating market size: Helium, Jungle Scout, & Viral Launch Amazon IP Accelerator Amazon AI tools: PACVUE, Perpetua Tool for polling campaigns: PickFu Link to Marketplace Ops Resource page with blog posts and playbooks Popular "9 Things CPG Companies Commonly Miss When Selling on Amazon" blog post Show Links: Join the Startup CPG Slack community (4,500+ members and growing!) Follow @startupcpg Visit host Jessi's Linkedin or website Questions or comments about the episode? Email Jessi at jessi@startupcpg.com

The CPG Guys
Influencing Likely Buyers at Scale with Cardlytics' Ross McNab

The CPG Guys

Play Episode Listen Later Oct 23, 2021 36:16


The CPG Guys, Sri & guest host Melisssa Burdick from Pacvue are joined in this episode by Ross McNab, President for North America Advertising at Cardlytics which partners with financial institutions to understand where and when consumers are spending their money. They use these insights to help marketers identify, reach, and influence likely buyers at scale.This is the first of a two part partnership episode series with Cardlytics.Follow Ross McNab on LinkedIn at: https://www.linkedin.com/in/mcnabross/Follow Cardlytics online at: http://www.cardlytics.comFollow Cardlytics on LinkedIn at: https://www.linkedin.com/company/cardlytics/To watch the full episode: http://info.psignite.com/podcast-interviews Ross answers these questions:1) Why don't you start with sharing a bit more about your journey through programmatic advertising and what lessons you've drawn from that to guide how you approach advertising at Cardlytics.2)Reputation/Perceived Value in advertising is as important as ever, yes? In your opinion, how has this subsequently impacted the way in which senior leaders think about the role/value of marketing/advertising plays in the broader business strategy, and how has that changed?3)Let's dig into Cardlytics. What differentiates you? What is Cardlytics edge? Why should a brand work with you vs others?4)What is Cardlytics philosophy for scale : Is it Data or Data Science ? This is a cardinal question within any CPG organization, how do you help drive scale and adoption? 5)Talk to us about the cardlytics ad platform. What tools & solutions does it offer?6)  eCommerce and digital selling is another area that has now become permanent. How do you think this positions with the traditional way of revenue measurement across CPG manufacturers? What are your thoughts around this space - what do you offer? 7)(Sri) What makes your campaign measurement suite different from others? Digital campaigns by default are easier to measure, but what about in-store8) (Melissa) What's next for Cardlytics? What does the product pipeline look like?Please provide the CPG Guys feedback at http://ratethispodcast.com/cpgguysCPG Guys Website: http://CPGGuys.comInstagram: http://Instagram.com/cpgguysTwitter: http://twitter.com/cpgguysPlease follow the Network of Executive Women at http://newonline.org/cpgguysDISCLAIMER: The content in this podcast episode is provided for general informational purposes only. By listening to our episode, you understand that no information contained in this episode should be construed as advice from CPGGUYS, LLC or the individual author, hosts, or guests, nor is it intended to be a substitute for research on any subject matter. Reference to any specific product or entity does not constitute an endorsement or recommendation by CPGGUYS, LLC. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent.  CPGGUYS LLC expressly disclaims any and all liability or responsibility for any direct, indirect, incidental, special, consequential or other damages arising out of any individual's use of, reference to, or inability to use this podcast or the information we presented in this podcast.

Ecommerce Brain Trust
Digital Retail Media Is a Brand New Industry With Mindy Fashaw, COO Of Pacvue

Ecommerce Brain Trust

Play Episode Listen Later Jul 20, 2021 29:28


This week we're back with Mindy Fashaw of Pacvue to discuss more topics around digital retail media. We are digging deeper into retail media channels and how to measure performance according to actual business objectives, and not just the legible metrics.   Make sure you tune in to find out more!   MENTIONED IN THIS EPISODE Connect with Kiri Masters Connect with Mindy Fashaw Learn more about Bobsled Marketing Learn more about Pacvue Register for Q2 2021 CPC Report: Amazon PLUS Walmart Performance Data Webinar on 7/21 Listen to episode 195: Retail Media Assessment Criteria With Mindy Fashaw Keep on track with Pacvue webinars Find more about Payoneer Request A Consultation With Our Amazon Experts

Ecommerce Brain Trust
Retail Media Assessment Criteria With Mindy Fashaw of Pacvue

Ecommerce Brain Trust

Play Episode Listen Later Jul 6, 2021 23:31


In today's episode, we are joined by Mindy Fashaw of Pacvue. Mindy spent over 10 years at Amazon in various cross-functional roles, including Finance, Third-Party Account Management, Instock Management, and Vendor Management. We're going to talk about retail media measurement, how much to spend, and what's a good number? We will find out more about the frameworks that are recommended to brands. Make sure you tune in to find out more!

Behind the Numbers: eMarketer Podcast
The Ad Platform: What to Expect for Prime Day | Jun 16, 2021

Behind the Numbers: eMarketer Podcast

Play Episode Listen Later Jun 16, 2021 18:31


Amazon has been moving its shopping holiday around, and now it's next week. Melissa Burdick, co-founder and president at retail media buying technology firm Pacvue, joins eMarketer principal analyst at Insider Intelligence Nicole Perrin to discuss what Amazon gets out of having Prime Day in Q2 and the latest in the retail media war. For sponsorship opportunities contact us:   advertising@insiderintelligence.com.   For more information visit:   https://www.insiderintelligence.com/contact/advertise/ Have questions or just want to say hi? Drop us a line at podcast@emarketer.com

The Buy Box Experts Podcast
What Sellers Need To Know About Amazon DSP

The Buy Box Experts Podcast

Play Episode Listen Later Jun 8, 2021 38:15


Mindy Fashaw is the Chief Operating Officer at Pacvue, an enterprise platform that helps brands, sellers, and agencies optimize their e-commerce advertising. Clients use Pacvue to programmatically manage their campaigns on Amazon, Walmart, and other marketplaces in order to lower costs, grow share of voice, and increase sales. Before joining Pacvue, Mindy held leadership roles at Amazon and Newell Brands. Dave Vermeulen is the Director of DSP Advertising for Buy Box Experts. In 2001, Dave founded Seattle Ad Force, Inc., a full-service agency that supports mid-sized and large advertisers with their DSP advertising strategies. His specialties include DSP advertising, programmatic media buying and planning, mobile advertising, and more. In this episode… In order for e-commerce sellers to grow and scale on Amazon, it's essential that they effectively target potential customers and drive them to their product listings. While many sellers have used Amazon sponsored ads for this purpose, it may be time to start incorporating another strategy: Amazon DSP. Amazon DSP enables brands to programmatically buy display ads on and off Amazon to reach a bigger audience and promote their products. Amazon DSP also helps brands and advertisers improve their organic rankings, remarket to customers, and collect valuable data. So, what do you need to know about Amazon DSP to start boosting your e-commerce business today? In this week's episode of the Buy Box Experts podcast, James Thomson is joined by Mindy Fashaw and Dave Vermeulen to discuss what e-commerce sellers need to know about Amazon DSP. Mindy and Dave discuss the differences between Amazon DSP versus sponsored ads, the types of Amazon sellers that should use Amazon DSP, and the benefits of Pacvue's Amazon DSP software. Stay tuned.

Vendo Podcast - Protect Your Brand & Sell More!™
In-Depth Look at Pacvue Advertising Software with Sok Khann - Vendo Podcast Ep 52

Vendo Podcast - Protect Your Brand & Sell More!™

Play Episode Listen Later May 11, 2021 20:35


In previous episodes, there is no way you have heard Gefen and Michelle tackle advertising without mentioning Pacvue. Vendo invites Sok Khann, Director of Customer Success at Pacvue, to expand upon what this powerful advertising tool can do for your Amazon and Walmart.com business.

Up Next In Commerce
2021 Trends: Ecommerce is Evolving — Are you Prepared?

Up Next In Commerce

Play Episode Listen Later May 11, 2021 47:05


In the wild world of ecommerce, the status quo is always changing. New companies enter the market to disrupt the norms. Legacy brands pivot to get a piece of the pie. Successful niche businesses get acquired left and right. With so much happening all at once, it takes a lot of work for brands to not only keep up but to get out ahead and win.Andrea Leigh and Melissa Burdick have made it their mission to stay on top of everything that’s happening and use their knowledge to help companies large and small make an impact in the market. Andrea, who you may remember from a previous episode where she discussed how to win on Amazon and the death of the category, is the VP of Strategy and Insights for Ideoclick, and Melissa is the Co-founder and CEO of Pacvue, a company that helps advertisers scale on big ecommerce platforms like Amazon, Walmart, and Instacart. A few customers of theirs include Unilever, Duracell, and Johnson & Johnson.These ladies each spent 10 years at Amazon “back when ecommerce wasn’t cool,” as Melissa says. Today, at their current companies, they work with disruptors and major brands alike as they come to realize that ecommerce is not just a fad, but the way of the future. And that’s why I was so thrilled to invite them on this roundtable episode to talk about all the trends they’ve been seeing recently, and to get their take on where things are headed. How are major brands moving to digital? Why are companies investing more in shorter product life cycles? What is the future of dropshipping and ad platforms? I wanted to know, and they delivered the goods. So sit back and enjoy! Main Takeaways:David vs. Goliath: In the world of ecommerce, it often boils down to small, niche brands competing against the bigger companies with a long history and much bigger budgets. In order to compete, small brands are forced to think differently, be more hyper-focused on product and customer feedback, and be intensely in tune with the ROI of any ad spend.Shorten That Lifecycle: Brands today are finding out the importance of being nimble and developing shorter product life cycles. When the unexpected happens, markets shift, or industry standards change, having a product already in process of a nine-month cycle puts you at a disadvantage to other brands that can pivot and change course quicker. Having a pulse on what consumers want, gathering data, and digging into feedback can help with the acceleration process.Show Me The Money!: In the past, measuring the ROI of advertising was a bit more challenging. Now, with the amount of data that you get from digital campaigns, measuring the return on investment of an ad campaign is much easier to track because you can correlate clicks and track customer journeys from ads. And with the number of new platforms that are constantly popping up, there is a bit of a new retail explosion that brands can take advantage of and track in unique ways. And today, regardless of the platform — new or old — brands will not advertise at all unless they can get a full view of the data and metrics from the ad platforms they work with.For an in-depth look at this episode, check out the full transcript below. Quotes have been edited for clarity and length.---Up Next in Commerce is brought to you by Salesforce Commerce Cloud. Respond quickly to changing customer needs with flexible Ecommerce connected to marketing, sales, and service. Deliver intelligent commerce experiences your customers can trust, across every channel. Together, we’re ready for what’s next in commerce. Learn more at salesforce.com/commerce---Transcript:Stephanie:Hey, everyone and welcome back to Up Next In Commerce. This is your host, Stephanie Postles, CEO at Mission.org. Today is a very special episode because it's our second ever round table and our guests are going to blow your mind or at least going to blow mine for sure. First up, we have Andrea Leigh who you probably remember. I think she was on episode 81 or so. She currently serves as the VP of Strategy and Insights for Ideoclick. Andrea, welcome.Andrea:Hi Stephanie, thanks for having me back.Stephanie:So glad to have you back. Your episode really was one of my favorites, which is why it's very clear we need to have Andrea back on the show. I think we even said that in our episode, so probably no surprise that you're here. All right. And joining Andrea and I is Melissa Burdick who serves as the president and co-founder of PacVue. Melissa, welcome to the show.Melissa:Thanks so much for having me.Stephanie:Yeah. We are excited for you to join our party. So you guys seem like you have some history. You seem like you're friends, you're in club house together. I was hoping to start there just so the audience knows who are you and how do you guys know each other. Andrea, you want to kick it off?Andrea:Well, I would love to tell the story of how I remember first meeting Melissa. We worked at Amazon together. I think this was in maybe 2006. She was the buyer for the health and personal care side of the business and I was the buyer for the grocery side. And we both negotiated with the same vendor, same brand that span both categories in the same day. We met in the kitchen afterwards and she had gotten such a better deal on her negotiation. Such better terms than me and I couldn't believe it because I was a total newbie and she was a really experienced negotiator. And so I made her teach me all of her tips and tricks. That's my memory of my first time meeting Melissa.Stephanie:Wow. Melissa, do you remember that day?Melissa:I didn't really remember it until Andrea told me and I didn't remember it that way. So it's funny the perception that she had versus what I had, but she and I both spent 10 years at Amazon. We were early pioneers of the consumables category back when ecommerce wasn't cool. And so we really got to do a lot of great stuff. I call it the cheapest MBA I didn't have to pay for working at Amazon, because we learned how to ship tubes of toothpaste probably. Well, I don't know if we've ever figured that out or will across the internet, but it really was Wild Wild West of ecommerce times and Andrea and I were there at the beginning and that's how we met each other.Melissa:We actually had a consulting practice together. We've been friends in the industry. Now we're competitors in some ways, but that's the beauty about our community and industry is that we're still friends. I tell brands, it takes a village to do ecommerce because it's so complex. And so having thought leadership and experts is what we like to do. So Andrea and I have a Clubhouse show that we do together and still keep in touch.Stephanie:Yeah, I remember when Andrea, we were like, who should we have on for a round table? And she brought you up and then when she was explaining, she was like, "Kind of a competitor to our firm, but we're friends and we work together." And I was like, "Whatever you want, girl. We'll bring her on if you love her." I'm sure I will too. So yeah, that's awesome. So, okay. I want to get into the topic. I know you all have a Clubhouse later on today that you're going to be hosting, which I think the topic that we're going to be covering there is perfect for this show.Stephanie:And like I said earlier, it'd be perfect practice all around how brands are going to market and how the world of ecommerce and commerce in general is so different now. So maybe Melissa, if you want to start with how do you even view the world now versus a couple of years ago? Like what's different? What are brands struggling with that maybe they never had to think about before?Melissa:Yeah, I mean, to the earlier point of your question, the moat is so much smaller now. The ability to create a brand is much easier. So years and years, 20 years ago, when ecommerce didn't really exist, it was, you're a big brand, you get into the shelves of a Walmart because you're tied or something like that. But with ecommerce and with more platforms and marketplaces, there's this ability to create a brand and a loyal following and base through things like social media, TikTok, or viral ways that you can build communities and brands.Melissa:And so today we're talking about a couple brands, DUDE Wipes, and Wyze camera or I guess Wyze actually they started with a camera. They both are emerging brands. They weren't the big P&Gs and Samsungs of the world. They built emerging disruptive brands and they've been very, very successful. And so that's a little bit about today's show. What about you, Andrea, what do you think about these emerging brands?Andrea:Yeah, I mean, I think another thing that has really changed is the ambitions of brands. So I think brands were to your point Melissa, they were built by large organizations and they were, you layer on this enormous supply chain and distribution and then a marketing engine on top of that in that order. And I think the two things that stand out to me as being different now with marketplaces is that first a brand can aspire to be smaller than that. A brand can aspire to just address a certain niche for a certain customer segment and do it really well. And maybe a brand wants to only be 100 million dollar brand versus a billion dollar brand and think that's posing some really stiff competition to some of the more established brands in the space, particularly in CPG.Andrea:So I think those brand ambitions are changing for sure. We did an internal panel with some clients and thought leaders and this was like a big topic there too, was these ambitions of brands and how they're different than they used to be. So I think that's a big one and then I think what those smaller brands can do better. And I think we've seen this with both DUDE Wipes and DUDE Wipes is that iterative approach to product development that incorporates the customer and their feedback. And so really thinking about why is this such a great example? They entered a super highly competitive market.Andrea:The category was already highly competitive with a lot of players and they just went in there and they did it better. And they did that because they were able to really listen to customer feedback, not just through reviews, but through all the social media channels and approach brand building in an iterative way. And so those are a couple of things that I've seen with some of our more upstart clients that have been really successful. That iterative approach and that really laser focused on a specific segment.Stephanie:Cool. So talk a bit about the ambitions of the brands. Do you think the brands that... like you said, maybe they don't need to IPO, they don't need to get acquired, they're looking to stay more niche and they're okay with that. Do you think they can sustain longterm because it feels like if you don't have goals to really make a mark, you're just going to get beat out by people who can spend a lot of money on ads and who just has a lot of other channels to create content and create content platforms. It's like they can do so much because of how much capital they have access to. What do you think about the brands who don't have those ambitions right now?Andrea:Well, I think for a handful of our clients, it's just a lifestyle business, right? We have a couple of brands who are a family owned and they've been family owned for generations and that's a lifestyle brand. They're running it because they have a lot of passion for the product or the category and they're product people. But I think in the other cases, they're mostly getting acquired. I mean, I think that's what we're seeing across the industry. They're getting acquired by a larger CPG. They get acquired by one of these newer FBA roll-ups or FBA aggregator companies that goes in and buys up all these small sellers on Amazon. But I think they get acquired. I think the challenge with that is that what I see is these CPGs either acquire them really early and then they try to scale it because most larger CPGs are in the business of scaling brands.Andrea:And so they try to scale it too fast, which kills what made the brand so special or they buy too late and they overpay. And so I don't think there's a super win-win there, but I mean, I guess it's a win for the brand because they walked away with a bunch of money. But I think that in terms of aspirations, maybe it still is to get acquired later or have investments or whatever, but still they're really focused on that segment that they're addressing.Melissa:The other kind of an offshoot of your question when you say, these brands don't have as much money to do these big TV ads. The other piece of that is they are extremely savvy and even savvier than these big brands to grow their brands. So they're actually able to do more with less because they're forced to. And so they have amazing product content or they figured out how to get to number one slot for their most frequently searched term because they understand the algorithms, they figure it out faster and they're more nimble and they have less of a portfolio to worry about. They just focus on a few products.Melissa:So they have a lot of benefits in that regard because they don't have that cushion and fluffy ad budgets and things like that to rely on. So they have to rely on having an amazing product, this iterative process of being able to mind keywords and understand, "Oh, this is the flavor that people are asking for. I need to go create this product." Product development takes a lot faster for them as well. And we've seen that with the Wyze. They're able to create more and more portfolio pretty quickly.Andrea:Melissa, do you think it's fair to say that some of these more disruptive brands are maybe more likely to channel their ad dollars towards the retailer ad platforms because they really need an ROI. For them to spend in some of the more sort of upper funnel activities might be harder.Melissa:Yeah. I mean, we see that especially with the seller marketplace. They are so ROI driven. It's all about if I pay a dollar, I better get a huge return for that dollar and ad advertising whereas these bigger brands are more focused on marketing their portfolio. And so they're much more focused on ROI of their advertising, whether it's anything from Google AdWords, Facebook advertising, whatever it is. They want real time data, real-time understanding of what's happening to their brand and it has to be profitable. And it's quite a bifurcation in how they look at advertising and marketing their products versus these bigger brands, which is more of a marketing play.Stephanie:Yeah. I think that agility to adjust and move quick is so key. I was just talking with a guest yesterday from a company Avocados From Mexico. Y'all ever heard about them? Wow. Their content strategy, like what they're doing. I mean, they've been winning the number two slot in the Super Bowl ads and her whole thing was like, you just have to be able to move quick. You need to be able to work with agencies who can try it on their own, run with creativity and just act quickly. And even when you don't have a budget, you can get scrappy and use organic growth hacky tactics to at least get up there in the beginning until you do have access to that budget. That was her number one thing though, move fast, try things out, fail quickly, and then iterate.Melissa:Exactly.Andrea:I just Googled them as we're talking and yeah, I can't wait to watch some of these videos. They look hilarious.Stephanie:Oh, her Super Bowl ad was so funny. I mean, all their stuff is funny. It was funny at first I was like, "Wait, why did Hillary schedule an avocado company for the show?" Americans super confused by this and I instantly got hungry, went out and started eating avocados. Once she came on I was like, "Oh, wow. They're a whole different level." Like you think about produce and a whole different way. I mean, they're doing AR stuff with their avocados. They're doing let's see, NFTs. They have been ahead, like years ahead trying stuff.Stephanie:I mean, they were trying NFTS and 2020 before it even became popular and they were trying to put ad campaigns on the blockchain. She was telling me a story about how they had an avocado Macy's day. What is it? Float. The only way the float would get there from Mexico to New York as if users would tweet about it. And so when you would tweet, enough tweets would happen and it would move the float to the next city. That's the only way it would ever reach New York is if they had enough engagement.Andrea:Oh, that's so fun.Stephanie:I know. It's so genius, but her whole thing was like, that's why you just try things and have that permission to experiment and a brand that can move quickly and not have to worry about competing top of funnel. Like you'd get it on that engagement level and scrap your tactics and you can win, which I think is awesome.Melissa:And I think that's harder for some of the larger companies to do, because I mean, even just that example you gave about like tweeting to get the avocado from city to city, which I think is hilarious and super fun. If that flopped, no one's going to say, "Oh, that dumb avocado company." It's just a memorable thing, but if it flopped and like, I don't know L'Oréal was doing that or something, I think it makes bigger, bigger news in not a good way.Stephanie:Yeah. Which always makes me think about the integration process of all these big brands are of course acquiring these hot D2C companies and it feels like there's so many out there right now. I mean, so many people come on our show and I always think like, "You're going to get acquired. You're going to get acquired." I mean, it just seems like that's the world we're in, but then figuring out how to integrate them into a culture, but not in a way that ruins it. I mean, have you guys seen good examples of that of companies who are acquired and then keep them in their own little startup hub of like, keep doing what you're doing. We don't want to ruin you.Andrea:I mean, we've seen it go both ways. So we have one client and I unfortunately can't share their name, but they were acquired by a really large CPG and they were allowed to operate separately because they're performing really well, but they're taxed so heavily by the rest of the organization because everyone wants to know how they're doing it. And so the amount of reach outs and coffee chats and all of that stuff and presentations and stuff that they have to give. I mean, it's an enormous burden on the small brand to try to teach a huge CPG how to be like them, you know? And I think that's hard. That's really hard for them.Andrea:I've heard that happens a lot of the time or they get folded in a little too quickly, but something that I was thinking about is what happens to the customer? Because a lot of times we buy these products from these smaller upstart brands. I mean, I think about like in beauty, two of my favorite brands are Glossier and Beautycounter and I love them. I love them partly because I feel like I'm supporting a company, well, at least in the case of Beautycounter, a company that stands for something which is like low chemicals and things like that.Andrea:I'm supporting their sales associate network and I'm supporting the smaller brand, but if they were to be purchased by like P&G tomorrow, I don't know at what my relationship with them feels like anymore. I'm not sure. I don't know. And so I wonder for some of these disruptive brands. What happens to that sort of authenticity and integrity when they're acquired? I don't know the answer to that.Melissa:The other thing that I've seen also is a lot of these bigger companies will siphon off people into a team of incubators and they just let them go. So they take them out of their company organization structure. Like you need all this approval process to go do your stuff. They then go create a direct to consumer brand or they're able to operate in that name nimble way. And they've been pretty successful getting learnings and trying to teach their organization some more nimble habits. So one route is buying the brand and then trying to keep them operating the same way and not to integrate it into that more bureaucratic process. And there's some successes and failures there. And then there's the big companies actually taking internal team to go do and not be subject to all the bureaucracy.Melissa:I've seen that as well, but I think the key that we all agree on is just this ability to be nimble, speed and if we've seen anything from ecommerce that's, what is the push.Melissa:So this nimbleness is something that's really important. In these product cycle times you need to get faster. And just the data like with this whole year of COVID when we're working with brands the question is, is this year I throw out your, because the behavior is just like totally off the chart. We know it's totally different. So how are you making decisions knowing that last year was not a good year to look at because things will return back to normal. How are you looking at it? And so getting faster at being able to look at data, to understand what's happening, knowing the trends of what's happening.Melissa:So the best example is like, MMM, Market Mix Models, where it's like, oh, from six months or a year ago, and you're making decisions on your media based on that. You can't do that. You can't look at six months ago because nobody's doing TV advertising because they didn't have any inventory. So you need to get much faster and that's what's really propelling more of this in this ecosystem. So I think we will see brands being faster because they've been given that inertia because of COVID.Andrea:Yeah, I totally agree with that. I mean, I read some study. I can't remember who put it out. I think it was McKinsey and they said something about, it was more than 70% of brand leadership said that they make decisions faster now than they did previously. I think you're totally right. You have to speak and COVID taught all these companies how to reduce their cycle times and be faster and be more diversified and all of those things. And I think those are the good things that we get to hopefully walk away from the pandemic with which are some changes to how decisions are made and things like that. And I would add to, Melissa, you talked about how these companies need to reduce their cycle times for everything, from budgeting to product development and I totally agree with that.Andrea:I think the other thing that these disruptive brands and particularly, Wyze and DUDE Wipes, is they incorporate that user generated content into their product development. So it's getting the cycle time down, but it's also figuring out how do you take all the stuff that people are saying about your brand in social media and in reviews and all these other places and incorporate that into your product development and your advertising and your content and all of that. I think the reason maybe that's some of the more scrappy upstart brands are better able to do that is because there aren't a lot of scalable ways to do that yet.Andrea:There are some tools that you can subscribe to and you can look across these channels and you can track your mentions and all that stuff but it's really a manual effort to be tracking a lot of that. And I think it's qualitative more than it is quantitative. And so I think some of those smaller brands that are still owner operator run just are more in tune with some of the sentiment of the customers and what needs to happen in the company versus maybe a brand conglomerate that has like 60 brands.Stephanie:Yeah. It also seems like bigger brands... I mean, I was talking with Stitch Fix a while back about how models can start running so quickly with training based off of how the consumers are feeling now, what they want right now and it seems like a lot of bigger brands do have access to crazy ML technologies and things like that to train these models to maybe make new product decisions, change their website every second based off how people are interacting with it. But I do also wonder, will we enter a year next year or the year after where it's like, whoa, what the people want now is not what they wanted two years ago and now all of our models have been falsely trained based off a two year craziness. I don't know.Melissa:Exactly. Yeah.Andrea:It's hard to look at anything. So much has changed in the world, I think in the last year that it's hard to look back at anything.Stephanie:What's real?Andrea:It's hard to go back and look at anything as a data point that's a predictor of the future. I mean, I think it's just really tricky.Stephanie:Yeah. I think about forecasting then that's my thought is like, I mean, that was exactly what I'm the VP of data science at Stitch Fix was talking about is like thinking about forecasting what clothes people are going to want and thinking about your inventory. And it seems like now you have to be able to shift so quickly, but then also you could be left flat-footed where you were planning for something that didn't end up playing out and people, all of a sudden want to be looking nice again, going out into the world, wearing high heels. I don't know. It seems like there will be a point when brands are like, oh shoot, I got to pivot again and get back to maybe our roots of where we started three or four years ago.Melissa:Yeah. And that's why it's all about-Andrea:... it's funny I would...Melissa:Yeah. I mean, it's art and science because the science, the AI models, they need data to work and they aren't very good with anomalies like COVID or like Prime Day or Sun Care member being like the sun care buyer and every single year at Amazon, we never bought enough Sun Care because it was like, couldn't predict that spike in the summer because the models were for the full year. But the modeling needs a lot of data for it to run. It doesn't do well with spikiness or anomalies and so that's where the art comes into play and the creativity you know, as well. So you have to think forward looking in terms of what are these trends, what are they going to be and Marriott together.Andrea:Well, Stephanie, you'd asked this in the beginning of what are some of the big challenges we're seeing across our clients and this one's not very sexy, but it's forecasting. It's so hard right now and they're all trying to figure out how do they forecast? Well, there's a lot of things you have to forecast. It's like, what are your year over your comps don't make any sense right now. I mean, it's like you can't even look at that. And so how do you forecast just demand on one platform because you don't know how much that platform is going to get, and then you don't even know how much of your business is going to be commerce, because that's all up in the air.Andrea:There used to be a pretty steady track of that getting a point a year or something like that. And now that's all over the place. Depending on the category you're in, you may be gain 20 points or something in ecommerce and then it's like, which retailer? It feels a little bit like a gambling exercise right now for these manufacturers trying to figure all that out. And then to Melissa's point, you have to line up an ad budget around that for these different retailer ad platforms and I think the forecasting is just so hard for them right now.Stephanie:Yeah. So let's talk a bit about the ad platforms and I know most of this right up your alley. So maybe you can speak a bit about how are companies thinking about ad platforms and approaching that? I mean, it seems like there's so much to pay attention to, so much to track, so much data. Like you're getting hit in the face all different ways of stuff now. What are you seeing behind the scenes when it comes to ads and platforms and how to go about that world?Melissa:Yeah. I mean, we've really seen an explosion of retail media. So it really started with Amazon, I think at this point, like five, six years ago when their app platform really started getting going, and Amazon makes a lot of profit from AWS and ads. And retailers can't really replicate AWS, but they can replicate advertising, which is great margin for them. And so just last year, we saw a launch of Walmart self-service ad platform, Instacart came out of nowhere. So to Andrea's earlier point, literally brands didn't have a budget allocated to Instacart and then off a planning cycle during COVID, this explosive new platform launches. Luckily a lot of brands had money because they weren't investing in TV advertising or other places. So they're able to allocate some dollars to it. But one of the big issues is nobody knows who owns the Instacart budget or platform, who's running that.Melissa:And then since then, there's just Criteo, what Target has launched, which is a slew of other retailers. So if you're not creating your own self-service ad platform like Amazon, Walmart Instacart you can leverage the network of Criteo who has Target and a bunch of other ones, CitrusAds is coming online as well. We went from not having a lot of retail media opportunities to advertise to now lots of opportunities to advertise with all kinds of different formats. And so it's a whole new brave world of trying to figure out where to advertise, but what I think brands believe is they want to be where their customers are. And so that's where it's really having a test and learn mentality of being able to get some of these test and learn budgets to see what's working well and get some data points and proof points and go from there.Melissa:And so that's where like tech stacks, like Pacvue or agencies who also have technology, like Ideoclick can help brands because they can help them figure it all out. And our value prop is really around unifying retail media so that you can see everything in one place, which is really important for these brands. So I think at the end of the day, you need savvy partners to help you, you need technology to help you, and then you need the strategist at your own company thinking through how to do these things.Andrea:Yep. I feel like right now all the money... and I also read that Dollar General recently launched an ad platform. That really surprised me.Stephanie:What? How [crosstalk] around really.Andrea:No, they did ecommerce. Sorry, Dollar General. [crosstalk]Melissa:How do you make money on that? Is that profitable?Andrea:I know, right?Stephanie:What are they doing?Andrea:It's pretty much like their value proposition is that everything cost less than $10 pretty much. So I don't know how they ship that online very economically. But in any case-Stephanie:$10. What? That cost will be less than a dollar. What happened? They really lost sight of [crosstalk].Andrea:Inflation. I think in the short term where the ad dollars are coming from. They're coming from the other ad options, like the theatrical releases or out of home advertising and TV and billboards and all that stuff. But when people start leaving their houses again, how much of those ad budgets go back to some of those more, I don't know, non retailer ad platform ad types and how much stays with retailer ad platforms. And I predict that a lot of it is going to stay with the retailer ad platforms. I think the reason is the metrics and ROI that you can get from that is like crack for marketers.Andrea:I mean, I don't even know how you would go back to spending on advertising where you don't get ROI metrics. I mean, I remember when Amazon advertising first launched, and that was one of the first performance marketing retailer ad platforms that you could work with and the reaction of the manufacturers just being like, "Oh my gosh, I can directly see a correlation between what I spent, who clicked on it, how many people saw it and then how many people bought it." And so I just don't..Stephanie:Wow. What does the ROI look like because I'm not deep in the ad world. So I don't know how to think about what retailer ad platforms looks like versus traditional. So how do I envision what you're getting in that world that you wouldn't be getting otherwise? What is that ROI look like or what are brands getting used to now where they're like, this is the only way I would do it going forward.Andrea:You want to take that one, Melissa?Melissa:Yeah. Well, I mean, I think traditionally if you're doing normal advertising, you're more focused on impression focus, right? You're really trying to get impressions. You're not tying back to sales of a product. And so in ecommerce, there's a direct tie back to, I spent a dollar, I got $5 of sales and there's like a brand halo associated with that. And so that tie back where I put an ad, if you leverage Amazon DSP, which is their programmatic display advertising, that's retargeting. So you can target to people who are looking for men's shoes within this certain zip code who shop Nike, but didn't buy it in the last 90 days.Melissa:You can get very, very specific targeting. You can show them an ad, drive them back to Amazon, to your product and then you actually know if they bought that product or not. And the actual sales attribution and return that you got from that versus just an impression buy like a Super Bowl buy, right? Where you've no data to say, "When I do a Super Bowl ad, you can try but there's no actual ROAS, return on ad spend that you get that correlates directly to an ecommerce sale. But I do think that media... people are doing all of these things, because some is upper funnel where you're more branding dollars and some as much lower funnel, direct marketing, that's conversion to a sale.Melissa:And so that's where these bigger brands are like, if there's a new product launch, you've got to get people to know about this product. So you might do like during the Super Bowl, the Super Bowl ads are like everybody's watching the Super Bowl and this year they had some weird like caveman soap. I can't remember the name of it, but on their Superbowl ad and so that was really to get attention and drive traffic to awareness of their brand. But not tied to specific ecommerce metrics.Stephanie:So how have you seen brands changing the way they're thinking about ads in a way that's focused on first party data collection, really trying to create that relationship from the start where maybe they weren't always thinking about this before. Have you seen brands shifting their mindset around creating an ad that maybe has the focus on that now?Melissa:Well, I mean, with all of the things happening within the privacy world where third-party cookies are going away. First party data becomes more important and so I think that this benefits platforms like Amazon who have a significant amount of first party data and hurts platforms like Facebook that rely on more cookies. But I think brands in general are really trying to build their own databases. So a lot of them have publicly talked about building direct to consumer businesses so they can own their customer. And so I think that they view first party data, building their own CRM and their own databases pretty highly. I don't know what have you seen Andrea in terms of brands that you work?Andrea:Yeah, I've seen the same thing. I think a lot of them are building their own CRMs, trying to figure out how to access more direct customer data. We talked about how it encouraged a lot more speed of decision making. I think it also encouraged a need for diversification in all ways like manufacturing and the ecommerce platforms that you sell on and how you source the product and I think diversification is really important. And I think there are a lot of manufacturers who've been feeling a bit squeezed by Amazon and it's nice to have options to have a D2C site. I mean, the D2C thing, I think is like a whole other topic, but I do think it's a lot more expensive to drive traffic to those sites. You're going to get a lot.Andrea:It's not going to be a hugely accretive to the business in the short term, but I do think it gives you access to your own customer data, which is, it can be a really important point of experimentation in a sandbox for manufacturers to really see what kind of marketing is working for them. So I've certainly seen that and then I think just looking across the retailer ad platforms, I mean, we've seen a push onto all platforms for a lot of our major manufacturers and wanting to access... If the customer's cross shopping, maybe it's the same customer, but also access different customers that are shopping across different ad platforms to Melissa's point earlier about wanting to be where your customers are.Stephanie:Yeah. I love that. So the other day, Andrea, I was creeping on your Instagram, I think I was. And you were talking about omni-channel strategies and drop shipping as a catalyst for growth. I thought that was interesting because I feel like when I think about drop shipping, it's had this like crazy heyday drop ship, white label, everything. No one has to know who you are. You don't really need a brand. And then no one was really doing that anymore. It didn't seem like there was margins there to do that anymore or people really want to connect with a brand.Stephanie:Like, especially now everyone wants to know who's behind that brand, the story, they want to feel some connection with them. And when I saw you mentioned drop shipping, I was wondering, how are you guys viewing that? Maybe it's always been around and that's just my personal narrative I've written around it or how do you see brands maybe leveraging that right now?Andrea:Well, I think of drop shipping a little bit differently. It's still the brand. They're just bypassing the retailer and they're shipping directly to the consumer. You can do that as a seller in your own right on the marketplace platforms or you can also just do that behind the scenes. And there are a number of categories that are high percentage drop-ship and always have been. It's never going away. It's just not obvious to you as a customer. So shoes is a great example.Andrea:Those are often coming directly from the manufacturer. That's an industry that's been pretty heavy drop-ship for a long time and mainly because so much inventory, you have to carry. There's one style and then there's five size color combinations. And so it doesn't make sense to ship all that to a retailer and then have them re-ship it to a customer and try to keep the inventory levels right.Andrea:So shoes has always been a really big drop-ship business. If you pay attention to the stuff you get from Nordstrom and others, you'll notice that it's often coming directly from the manufacturer. Sporting goods is another one. Some of the bigger bulky categories have been traditionally drop-ship because you don't want to ship like a treadmill to a retailer district warehouse or whatever. It does expose the retailer to a degree of risk because you're not packaging the product. So you lose a little bit of control over the quality, the consistency of the customer experience. I think what I posted was that Nordstrom was going to try to open up more assortment through ship.Andrea:It's a little risky. I mean, I don't think it's highly risky, but I do think it presents some risk in losing control over the customer experience, depending on if the retailer is still deciding the assortment, you could lose a little bit of your credibility as a retailer. I mean, I think part of why customers are starting to shop a lot of places besides Amazon is for the curation. Is because it's a little bit of an easier shopping experience.Andrea:I would much rather shop for shoes on Nordstrom where I know that someone actually made a decision to carry each of those products versus on Amazon where it's the wild west and it's just overwhelming. So I think a lot of these retailers that are competing with Amazon and doing well with it right now, I think are doing it well because of the curation. And if you open up those retailers to just unlimited drop shipping with the brands, I think you just lose a lot of that value proposition.Stephanie:Yeah. I agree. I mean, it seems like the AMSEC could just come in and just have a curated collection and maybe they're already doing this. This is the Radan collection, this is the [inaudible] and like, you go there knowing what you're going to get, because I thought the same thing. The other day I was trying to find, I don't know, some piece of yard furniture and it was so overwhelming. I was like, "Oh my gosh, there's so many egg chairs. I know the egg chair I want, but there's so many." 90% of them are not egg chairs [inaudible] is and I just went to Walmart and they had the exact what I wanted, which I found through an influencer, or I would just go to West Elm. I just feel like they have the exact selection that I want. I'm not going to mess around, but it seems like they could come in really quick and change that if they wanted to.Andrea:They can't. it's so hard. I mean, they have a one size fits all platform and it's heavily search-based. And I remember, how do you say her last name Melissa, Kathy who used to lead soft lines at Amazon? Kathy Boudin. Well in any case, sorry, if I'm mispronouncing your name, but I remember hearing her say, in all hands one time, she was like... They came in and I think Amazon fashion had its best a couple of year run. They really created some curated lists and some storefronts and they started the Amazon Delivers for fashion and I thought it actually was really good stuff. But she said, "It's a thin veneer that we've put over the site." I remember her saying that. It's a thin veneer.Andrea:And once you scratch it, you see just all the assortment and everything that's there and it's overwhelming. I keep a little like goofy quote lists that people on my team say and this guy in my team, Jamal the other day. I can't remember the context, but he said, "If you're going to go shopping on Amazon for a Teddy bear sweatshirt, I'll see you in a week."Stephanie:That's so true.Andrea:I don't remember why someone was shopping for a Teddy bear sweatshirt or what the context was, but it cracks me up because it's so true. I mean, you could spend a week just combing through, even for something super specific like that, a Teddy bear sweatshirt. You could spend a week just coming through this.Andrea:There's this S&L sketch about Netflix, but I highly recommend that you watch because it's like a fake ad for Netflix, but it says, it's the endless scroll. "By the time you get to the end of the scroll, we've added and created new content and so it's the infinite loop." They call it an infinite loop. And Amazon is like that. By the time you get to page 10, they've probably added more assortments. So it's never...Stephanie:Yeah, people are working in the background. "She needs 10 more of these, keep going." Oh my gosh. All right. So I know you guys have a hard stop in a couple of minutes on Clubhouse and maybe I'll even try and join you over there, but I do want to get one last question. Usually I do a quick lightning round. Lightning round is brought to you by Salesforce commerce cloud. But for this one, each only get one question because we're on a time crunch. So Melissa, we'll start with you and it'll be the same question. What one thing will have the biggest impact on ecommerce in the next year?Melissa:Oh, man. That's a hard one.Andrea:Yeah. I'm glad I get to go second.Stephanie:Andrea already had to do it once on her last episode and it can't be the same answer, Andrea.Melissa:What's going to be the biggest impact to ecommerce in the next year?Stephanie:In the next year. Yeah.Melissa:I mean, we already had COVID so that's what had the biggest impact on ecommerce? I guess, I mean, maybe it's a ripple effective. I'm going to have to say COVID because that has had the biggest impact on ecommerce because it's accelerated it so much with new people especially at different age brackets. The older age bracket is shopping online and so we know the baseline is never going to return back to where it was and it has changed behaviors and it will be accelerated. The other interesting thing, I just notice this when I walk into a beauty store, like in Ulta is that beauty used to be a way better experience in store than it was online. Now it's the opposite. It's way better online.Stephanie:I order from target all the time, just directly from Target because I'm like way better than going in store.Melissa:Because you can have virtual reality, but what's this color going to look like? When I walk into an Ulta, everything's taped down, you can't try on anything. You can't see the format of anything. I don't know how much of that's going to return. I don't think people are going to be very comfortable trying, like picking things up that other people have touched for a very long time. I don't want to.Stephanie:I never wanted to. I never wanted to try lip gloss. I'm like, how many... thank you.Melissa:I think the interesting, and then Amazon announced opening a hair salon where a lot of it is going to be tech focused around what's this color going to look like. Virtual reality of hair color. So I think that Cover Desk has accelerated this complete change in behavior lifestyle. And the other thing is, I don't know if I'm ever going to wear jeans again. I might just wear my VRA joggers to work if I ever go back to an office.Andrea:There's a great YouTube video on how to dress up joggers, that I'll send you.Stephanie:All right. Andrea, you're on the hot seat.Andrea:Okay. I'm going to go with social shopping and live streaming and I don't know if it will be in the next year, but I think it is going to be the biggest disruption to ecommerce because it is going to start taking the transaction or at least the beginning of the transaction off of the ecommerce site and onto social media. I know that I don't have a lot of agreement on this in the industry. A lot of people are like, "Oh, it's going to take longer or like people aren't going to shop on social media," but I'm feeling super bullish on this. And I think it's primarily due to my own behavior, which is that I am almost exclusively buying things that influencers have recommended to me and it's a super clunky experience. You have to go down to the bottom of the YouTube show notes and find the top she had on and it's annoying and I'm still doing it because it's preferable to the endless scroll of Amazon.Andrea:So I really think that that is going to be a huge disruptor to ecommerce and have a big impact on it. Although I was wrong about this once before, I helped start a company, I guess it was like 15 years ago now. It was about social shopping. It would like loud allow it. It was kind of an old version of a screen share before we had screen shares, but it allowed you to shop reseller websites with your friends.Stephanie:That was awesome [crosstalk].Andrea:It took a long time to get it off the ground and we eventually sold it to Nordstrom for their style boards, which is a very different application than what we originally went into the idea with, but I still feel super bullish on this. People prefer to shop together or they prefer to feel like they're shopping with someone in the case of like the curation from influencers or whatever. I'm feeling bullish on social shopping and live streaming.Stephanie:I will 1000% back you up on that because yeah, almost all my shopping behavior comes from influencers and I will go through all the hoops and hurdles to try and find something even through that, dang, like to know it app, which is horrible to work through. You're like, "I'm just trying to find my shirt." And then you're like bouncing around like 10 different apps and it throws you over back to Nordstrom and then you're back again. It's not fun. So I hope that process gets easier.Andrea:I'm a huge fan of taking the screenshot and using Google lens. I don't know if you ever do that.Stephanie:I don't do that.Andrea:If you can't find it, Google lens is... I don't know that that's their intended application, but it's really, useful.Stephanie:It is today. That's great. All right. Well, I really think we need to have a quarterly round table. This is super fun having you both join us and yeah. Where can we find out more about you, Andrea, Melissa? Where can we find about Ideoclick and Pacvue?Andrea:Yeah. Well, you can follow me on LinkedIn. I post and write a lot about ecommerce there or on my website, andreakleighconsulting.com and you can learn more about Ideoclick at ideoclick.com.Stephanie:Melissa.Melissa:Ditto. LinkedIn, you can find me Melissa Burdick there. And then pacvue.com. P-A-C-V-U-E dotcom. Yeah. We'd love to hear from folks or you can find Andrea and I in Clubhouse later this afternoon.Andrea:Yes, four o'clock. After this'll air, after that.Stephanie:Yeah. You guys are giving a preview of this, so, yeah. All right. Thanks so much y'all.Andrea:Okay. Thanks for having us, Stephanie. 

Ecommerce Brain Trust
Ads Series: Allocating Marketing Spend For Optimal Results on Amazon and Other Marketplaces

Ecommerce Brain Trust

Play Episode Listen Later May 4, 2021 35:53


The last episode of our Ads Series with Stefan Jordev is bringing you a very insightful talk with Melissa Burdick, the president of Pacvue. This episode is all about the high adoption of Instacart, as well as new tools, services, and reports within Amazon, and Pacvue.  Make sure to tune in to find out more! Connect with Stefan Jordev Connect with Melissa Burdick Read more about the Pacvue & Bobsled Marketing Partnership Learn more about Bobsled Marketing The Rise Of Instacart Request A Consultation With Our Amazon Experts  

It's Always Day One
Melissa Burdick

It's Always Day One

Play Episode Listen Later Jan 4, 2021 27:30 Transcription Available


10 years at Amazon in the advertising team catapulted Melissa into the world of ecommerce. She is now a member of the Forbes Agency Council and co-founder of Pacvue. In this episode we discuss:Why surrounding yourself with brilliant contacts is the key to sustainable success on AmazonHow important tech and data will be in 2021, but whether or not it's levelling or widening the playing field.Is Amazon just a learning platform, which you can utilise as a springboard to something betterLaunching with a big or small range firstMicro-influencers Why she wouldn't launch on Amazon if she had $10k to throw at it You can find Melissa on LinkedIn here. Other resources:LaunchPod Academy 14-day trialAmazon advertising account managerListen to It's Always Day One podcastFollow on LinkedInSubscribe to emailsRead the email archivesJoin Amazon Creatives private group

Vendo Podcast - Protect Your Brand & Sell More!™
Maximize Walmart.com Advertising with Pacvue Software - Vendo Podcast Ep 24

Vendo Podcast - Protect Your Brand & Sell More!™

Play Episode Listen Later Oct 13, 2020 17:57