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New Amazon Feature Highlights Seller Ratings in Search Pages
Welcome to "Hunter's Insights," your go-to resource for the latest updates within the Amazon ecosystem. In this edition, we provide essential insights and key developments to help you stay ahead and succeed in the fast-paced world of e-commerce:
š Amazon Enhances Brand-Tailored Promotions with Improved Audience Targeting
š° Target High-Value B2B Customers with Amazon's New Bid Features
š¤ Introducing Project Amelia: Amazonās AI-Driven Assistant for Sellers
š Amazon Ads Launches AI Video Generator for Cost-Effective Ad Creation
āļø New Amazon Feature Highlights Seller Ratings in Search Pages
š¢ Amazon DSP Launches Goal-Based Bidding for Enhanced Brand Awareness
š Boost Your Campaigns with Amazon's SQP Report
š”āOptimize Sponsored Productsā Tool for Bid and Budget Recommendations
š Amazon Enhances Brand-Tailored Promotions with Improved Audience Targeting
Amazon has recently significantly updated its brand-tailored promotions, enhancing how advertisers target audiences with clearer segmentation. This change simplifies the process of aligning campaigns with specific business goals. The update now includes distinct audience categories such as New Customer Acquisition, Customer Retention, Re-engagement, and Cross-sell, each catering to different marketing objectives.
These new audience categories provide advertisers with more structured targeting options, simplifying campaign setup. By aligning targeting options with common business strategies, advertisers can now easily focus on acquiring new customers, retaining existing ones, or encouraging repeat purchases. This structured approach should not only streamline campaign creation but also improve efficiency in matching campaigns to specific goals.
Another benefit is the potential for more precise customer journey mapping. With better targeting at various stages of the buying process, campaigns can offer more personalized experiences to customers. This could lead to improved use of advertising budgets and ultimately better return on investment (ROI). Overall, this update from Amazon is a positive step toward helping advertisers refine their strategies and optimize their presence on the platform.
š° Target High-Value B2B Customers with Amazon's New Bid Features
Amazon has introduced new B2B bid adjustments and dedicated reporting features. These new features allow sellers to optimize their advertising for business customers. The update focuses on targeting B2B buyers, who generally convert more frequently, purchase in larger quantities, and return fewer products compared to regular consumers.
With the new bid adjustments, sellers can allocate more of their advertising budget toward high-value B2B customers, increasing the chances of improving return on ad spend (ROAS). The dedicated reporting provides insights into the performance of B2B campaigns, making it easier to track and refine strategies for this segment.
By focusing on B2B customers, sellers can better align their ad strategies with higher conversion opportunities, potentially driving more revenue while reducing product returns. This update offers an effective way for advertisers to target and benefit from the growing B2B market on Amazon.
š¤ Introducing Project Amelia: Amazonās AI-Driven Assistant for Sellers
Amazon has introduced Project Amelia, an AI-driven selling assistant designed to enhance productivity and support seller growth. Built with Amazon Bedrock, this innovative tool provides tailored business insights, allowing sellers to manage their operations more effectively. The AI assistant is currently in beta for U.S. sellers, with plans to expand to other countries and languages later this year.
Project Amelia offers several key features that streamline the selling process. It provides knowledge-based answers to seller questions, pulling from relevant and reliable sources. For example, sellers can ask for guidance on preparing for peak shopping seasons and receive tailored recommendations. Additionally, the assistant offers real-time status updates, such as sales metrics and customer traffic data, making it easier to track business performance.
Beyond answering questions, Project Amelia will soon assist with resolving complex issues. It will diagnose problems, like inventory discrepancies, and connect sellers with appropriate support, simplifying the troubleshooting process. This proactive approach can significantly reduce the time and effort required to manage daily operations, allowing sellers to focus on strategic decisions and growth opportunities.
š Amazon Ads Launches AI Video Generator for Cost-Effective Ad Creation
Amazon Ads has introduced a new AI-powered Video generator to assist advertisers in quickly creating high-quality video ads at no extra cost. This tool uses a single product image to produce personalized video ads emphasizing the productās main features and selling points. The goal of this feature is to eliminate the usual time and cost barriers associated with video marketing, in response to the rising demand for video content from consumers.
The Video generator relies on generative AI technology, making it easier for advertisers to create engaging videos that resonate with their audience. By leveraging Amazon's unique insights, the tool can generate visually appealing videos tailored to a productās strengths. Whatās particularly valuable is that these videos can be created in minutes, providing a cost-effective solution without compromising quality.
In addition to the Video generator, Amazon Ads has introduced a live image capability that allows brands to create animated campaign images. This feature, combined with the AI-powered Image Generator, enhances creativity by enabling advertisers to develop visually rich content that drives engagement. Together, these tools empower advertisers to meet the growing demand for video marketing while overcoming creative challenges.
āļø New Amazon Feature Highlights Seller Ratings in Search Pages
Amazon seems to be testing a new feature that shows seller feedback ratings directly in search results, visible on both mobile and desktop platforms. This could be a useful tool for shoppers, allowing them to quickly assess the seller's reputation without clicking through individual product pages.
If this feature becomes permanent, it could significantly impact sellers. Those with strong feedback ratings would likely benefit from greater visibility and consumer trust, while those with lower ratings may see a drop in engagement. For sellers who prioritize honesty and customer service, this could be a valuable addition that highlights their efforts.
This change aligns with Amazonās ongoing focus on transparency and improving the shopping experience for consumers. It also serves as a reminder for sellers to maintain high standards in customer service, as ratings may soon play an even bigger role in purchasing decisions.
š¢ Amazon DSP Launches Goal-Based Bidding for Enhanced Brand Awareness
Amazon DSP has introduced a new goal-based bidding feature designed to enhance the reach and frequency of brand awareness campaigns. This tool enables advertisers to establish specific goals, such as desired reach and frequency, and Amazon DSP will automatically adjust bids in real time using user and impression data. The feature is accessible globally through both Amazon DSP and the Amazon Ads API, benefiting managed and self-service advertisers.
One of the main advantages of goal-based bidding is its automatic optimization. Advertisers no longer need to manually tweak their bids to maximize performance, as Amazon DSP makes real-time adjustments to meet the set goals. This feature helps minimize inefficiencies, such as over- or under-frequency, ensuring a balanced approach to ad exposure. Advertisers can also set specific KPI targets, such as aiming for an average frequency of two ad impressions per user each week.
The new bidding system offers significant benefits by improving budget efficiency and achieving higher unique user reach. Advertisers can make the most of their campaign budgets while maintaining optimal frequency levels to boost brand awareness and campaign performance.
This feature is available across multiple regions, including North America, Europe, Asia Pacific, and the Middle East, making it accessible to a wide range of Amazon DSP users running display and video non-guaranteed campaigns.
š Boost Your Campaigns with Amazon's SQP Report
Amazon has introduced the Search Query Performance (SQP) report, which provides advertisers with valuable insights into search trends and product performance. This report allows sellers to focus on the top-performing search terms, helping them refine their advertising strategies and align more effectively with consumer demand.
By analyzing data from the SQP report, advertisers can make informed decisions to optimize their product listings and improve visibility. Focusing on high-performing search terms not only enhances campaign effectiveness but also helps drive conversions and maximize profitability.
With the detailed insights offered by the SQP report, sellers can better target relevant keywords and ensure their products are positioned for success in a competitive marketplace.
š”āOptimize Sponsored Productsā Tool for Bid and Budget Recommendations
Amazon has introduced the "Optimize Sponsored Products" tool, which provides proactive recommendations for advertisers. This tool suggests adjustments to bids and budgets based on projected sales increases, helping sellers maximize potential revenue opportunities.
For example, Amazon has highlighted cases where sellers could have seen significant sales increases by following the recommended budget changes. In one instance, a potential $7,130 (10%) sales increase over 90 days was projected if the recommended budget had been applied. These insights are intended to guide advertisers in optimizing their campaigns for better performance.
However, there are still questions regarding how this feature impacts cost efficiency. While the tool offers sales growth projections, it is unclear whether it also suggests reducing bids or budgets when necessary. Advertisers should approach these recommendations cautiously, ensuring that increased spending leads to actual profitability rather than just higher costs.
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