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Troubleshooting and Optimizing Amazon PPC

Succeeding in Amazon PPC and putting together all the profitable keywords is more of an art than a science. 70% of all online sales take place only from the first page of search results. A good sponsored products campaign should help your products gain a better organic rank as well. Let us take a detailed look at how to optimize Amazon’s PPC and make it more profitable. How Does Amazon PPC Work? Amazon PPC is its own advertising system that they provide for the sellers. Sellers set a daily budget and bid on keywords and keyword phrases for which they would want their advertisements to appear. PPC is more like an auction – the higher the bid, the better your ad placement will be. Remember, you only pay when someone clicks on your ad. However, clicking on the ad doesn’t guarantee any sales. There is no shortcut to success when it comes to PPC. You can’t just expect to set up a campaign and see it work. It is a cyclic process – you input data, gather reports, analyze, make an educated change, and let it rerun. This process of testing, refining, and retesting is continuous and takes multiple iterations before you finally arrive at the ‘sweet spot’. Here are some best practices which you need to understand before setting up your campaign: Setting up a Daily Budget – Higher your daily budget, the more frequently your ad will be visible. The algorithm knows that it will only need to display your ad as many times as needed to fulfil your daily budget. Pro Tip: Use the daily budget to your advantage to get the ads shown more frequently. Picking Relevant Keywords – The algorithm ranks the products whenever a search is made and the product is sold. i.e., for every conversion. In simple words, PPC helps you improve your product’s organic rank for certain keywords whenever it converts. So our ultimate goal is to not have a big list of keywords in the campaign but to have a handful of relevant keywords which could potentially convert and improve your organic rank. Pro Tip: Do not keep your major keyword in the campaign as it is generally the most expensive one. If you spend more than what you make, it is not really worth it. Try Both Automatic And Manual Campaigns – Both automatic and manual campaigns have their own distinct pros and cons. While an Automatic campaign helps you collect data through which buyers search your product and discover targeting opportunities, manual campaigns give you control and let you decide on how far you want to go with certain keywords. Testing the Match Types – Broad, phrase, and exact are the three different match types with which you can put together keywords in different forms. It is important to put the keyword match types in a separate ad group to test which match type is converting better. Understanding ACoS, CTR, and CPC – They are the KPIs of Amazon PPC campaigns. ACoS (Advertising cost of sale) is usually the one that is referred to as a key indicator. There are other metrics which you need to focus on. If the CTR (Click through rate) is lower than 1%, you need to revamp the keyword list and add more keywords that are relevant since the customers are not finding your product relevant for their searches. If the CPC (Cost per click) is high, you need to adjust the bids and optimize to achieve a lower ACoS. Add Negative Keywords – Do not underestimate the Negative Keywords tab in your campaign setup. This is often ignored and paid the least attention to. If used properly, Negative keywords will help you cut down the cost of the campaign. Ideally, after the initial test run, analyze the keywords and move the ones that are costing you clicks and no sales to the Negative Keywords list, so your ads won’t appear for those and you need not spend on them anymore.      Your Campaign is Still Not Profitable? If you have followed these golden rules and your campaign is still not profitable, then there can only be three kinds of problems. Let’s handle them one at a time. No Impressions No Clicks No Conversion No Impressions “No, or very few impressions” just means your ad is not getting seen by people. For some reason, the algorithm is not displaying your ad to the buyers for the search terms which you have set in your campaign. It could be because your product is not optimized for the keywords that you are running the ads for. If your ASIN is indexed for the desired keyword by searching, ASIN+ Keyword – if you get your product in the search results, it means your ASIN is perfectly optimized. If not, go back to the product listing and optimize your content with the relevant search terms. There may not be enough search volume which could be the case with small niches or the daily ad budget is set too low. Increase the budget and test the campaign again. No Clicks When you get lots of impressions but little to no clicks, it means your product listing is not very impressive at first look. Poor title or image Poor price point No Reviews These are the psychological barriers which are stopping them from clicking on your ads. Fix these and rerun the ads. No Conversions People see your ads and click on them but don’t buy them – this is frustrating. Again, the reason could be poor listing quality and reviews. You may have to work on all the images and provide adequate bullet points and descriptions with interesting features and values. Do not add any misleading information, especially in the title. Stay true to the product and sell it as it is. How to find the Right Keywords For Your Campaign? We have talked a lot about keywords and their importance. Finding the right bunch of keywords to

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Amazon Retail Analytics – ARA Basic Vs Premium For Vendors

Amazon Retail Analytics is a powerful tool provided by Amazon for its Vendor Central account sellers. Every vendor gets access to the ARA basic version once they set up an account and this package includes sales and inventory reports, catalog reports, and operational reports. The ARA Premium version comes at an additional cost and provides a lot more features to help sellers analyze their business more efficiently. Let’s see the difference between the ARA Basic and Premium versions in this blog. Amazon Retail Analytics Basic ARA Basic access is given to all vendors and it is, without a shadow of a doubt, the most powerful tool to understand metrics and reports. Currently, ARA Basic provides the following reports: Sales Diagnostics Traffic Diagnostics Operational Diagnostics Forecast and Inventory Planning Inventory Health All these reports can be filtered based on the brand, category, subcategory, product group, and replenishment code to include more details on the report. As the name suggests, the reports on sales & operations are basic, and the data history is limited, although it is free. ARA Premium ARA Premium is found under Reports -> Amazon Retail Analytics Premium. It comes at a cost of 30K per year subscription. It is more robust compared to the basic package and it provides a multitude of reports and data. ARA Premium provides access to the following and a few more: Reports on sales & operations Reports on traffic Reports on consumer behavior Data availability Customer reviews Scheduled email reports Real-time sale There are also different metrics available in ARA Premium. For example, In Sales Diagnostics, there is an additional metric called “Ship Revenue”. In ARA Basic, “Ship Cost”, is the only metric available. The other stand-out feature in the Premium package is the Search terms. Here, you get access to Amazon’s top 100 search terms. ARA Premium provides the vendor with a strong understanding of revenue and also provides insights, helping him understand where revenue is generated, what the competition is, what the customer behavior is, and most importantly, it provides ASIN level performance metrics. Simply put, it provides more actionable data and sorting options to help detailed analysis. Buying the Premium package is totally up to the seller and the stage at which he is in his Amazon journey. The Purpose of ARA Reports – How Do We Benefit From Them? By leveraging data from ARA reports, vendors can refine marketing efforts within Amazon and across other channels as well as drive traffic back to Amazon. As a seller, it helps you analyze the following in order to come up with actionable strategies. Traffic & conversion Content & visibility Availability Consumer behavior Returns Price, Lost Buy Box Competition The biggest challenge is analyzing a huge volume of data, interpreting it, and utilizing it, to make the necessary changes in the business model.

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6 Essential Amazon Seller Tools To Accelerate Growth

Amazon is a dream marketplace for any online retailer for it is one of the world’s biggest platforms with millions of buyers across the globe. A good growth strategy pertaining to Amazon can skyrocket a company’s profits. Strategizing and planning long-term goals and achievements are tedious and overwhelming when all your time and money get drained with the day-to-day operations from sourcing the stock to fulfilling orders and responding to customer queries. This puts off the upcoming e-Commerce stalwarts with little to no time left to chalk down a doable long-term success plan. We have a number of Amazon seller tools and online resources that not only helps to accelerate growth but also helps to scale quickly. Let us see some must-have tools in this blog. Product and Keyword Research Tools The golden rule to sell anything is to first gauge its demand among the masses. This tool is made for the exact same purpose. Before you burn your finger, it really helps you to know your product’s selling history i.e. how well it is being lapped up by customers. It also helps you learn the most used keywords by customers to search for your product. Optimization Tools A proper Amazon SEO strategy is a sure-shot way to gain more visibility and better traction for your products. Apart from having a rich product detail page with keyword-stuffed content and professional images, you also need to take care of the Amazon Sponsored ads and optimize them for better ACOS. The optimization tools help us with keyword research that can be used for effective PPC bids and also for optimizing the title and product description. It is almost impossible to achieve the best ROI without the help of these tools as they guide us to decrease the cost spent on the ads and increase sales. Repricing Tools This tool allows you to estimate the optimal selling price of your product by performing extensive competitive research. Your battle is half-won if you figure out that sweet spot where you are neither overpriced nor underpriced. Nobody wants to sell at a loss. Rather than playing a price matching game and doing a trial and error, it is best to let a repricer tool do the job for you as they don’t suggest you the best price but also keep the price updated from time to time according to the seasonal changes without compromising on the margin. Inventory Management Software After you are all set with your product placement and pricing, it is time to get to business. Running out of inventory or having all the money tied up in too much inventory are the worst nightmares for any seller. Although we have inventory tracking reports in seller central, it is best to have at least one Inventory Management tool as they help us analyze stock levels, understand sales history and velocity, provide a forecast for the upcoming cycle, help with the re-order, and a lot more. Review Management Tools Word-of-mouth publicity is the most dependable way of marketing and in the online world, reviews are important. If there is one thing that every new seller struggles with is getting customer reviews. A good rating helps to win the ‘Buy Box’ and it contributes a lot towards the sales directly and indirectly. However, with Amazon strictly scrutinizing the reviews, it has become increasingly difficult for sellers to earn those golden testimonials. To improve customer service and earn legit reviews, it is important to have a review management tool that would help you automate customer feedback/ product reviews and helps you respond to negative reviews promptly, helping in maintaining the overall seller metrics. Listing Tools This tool comes in handy when you are expanding your product line or adding new items often. This tool eliminates the need for manually listing various details about your new product such as product name, description, and keywords. You only need to enter the UPC code or scan your product’s barcode and each and every detail would automatically be updated in the list. Outsource for the win! While these Amazon seller tools make your life easy for sure, it takes certain skills to understand and incorporate the suggestions provided by them to reap the best results. Also, time plays a major role in everything. You may be good at crushing the listing with your proficient writing but may not have the time on an everyday basis to maintain your seller metrics. That is when you need human power to take over. I can’t stress enough the importance of outsourcing certain tasks (if not all) that you don’t like doing or don’t have the time to do.

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