The New World And How To Respond: Amazon

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The New World And How You Should Respond: 1.Amazon Stuart Dunsmore

Transcript of The New World And How To Respond: Amazon

Page 1: The New World And How To Respond: Amazon

The New World And How You Should Respond: 1.Amazon

Stuart Dunsmore

Page 2: The New World And How To Respond: Amazon

What makes Amazon so successful?

Why Amazon Search is so important for brands?

How to win in Amazon Search?

TODAY

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Amazon is

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 20150

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AMAZON NET REVENUE YEAR ON YEAR ($BN)N

et re

venu

e in

bill

ion

US

dolla

rs

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CONTINUED SUCCESS BUILT ON CONSUMER LED PRINCIPLES AND DIVERSIFICATION

Lower Prices

Wider Selection

FasterService

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1999 2004

20162010

AMAZON HAS ALWAYS BEEN A SEARCH-CENTRIC PLATFORM

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TODAY, AMAZON LEADS THE WAY FOR PRODUCT SPECIFIC SEARCHES

Amazon Search; 44%

Traditional Search Engine; 34%

Other Retailer Website; 22%

DISTRIBUTION OF WHERE USERS BEGIN PRODUCT SPECIFIC SEARCHES

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AND THIS TREND IS CONTINUING TO GROW

2013 2015

30%

44%

GROWTH IN USERS WHO BEGIN PRODUCT SPECIFIC SEARCHES ON AMAZON

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AMAZON SEARCH IS A MARKETING OPPORTUNITY ACROSS A MULTITUDE OF CATEGORIES

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How To Win In Amazon Search?

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UNDERSTAND THE KEY FACTORS THAT INFLUENCE PERFORMANCE PRODUCT TITLE

KEY BULLETS

PRODUCT DESCRIPTION

IMAGES & RICH MEDIA

REVIEWS

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Two key considerations

Relevance Conversions

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PRODUCT TITLE

“Well chosen keywords increase a products visibility and sales. The number of views for a product page can increase significantly by adding just one additional search term to the title.” - Amazon

CONVERSION RATE IMPACT

SEARCH RELEVANCE IMPACT

HIGH CRITICAL

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KEY BULLETS

Appear above the fold and therefore more likely to read by a consumer than

the product description.

Do have an impact on search relevance but primarily should focus on messaging

that will drive conversions.

CONVERSION RATE IMPACT

SEARCH RELEVANCE IMPACT

LOW HIGH

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SEARCH TERMS

Not visible to consumers but do impact performance in Amazon search results.

Amazon search is less evolved than Google algorithm so still considers this

keyword field.

CONVERSION RATE IMPACT

SEARCH RELEVANCE IMPACT

HIGH

NONE

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PRODUCT DESCRIPTION

Traditional product description still a consideration for both search relevance

and conversions.

A+ content means brand can communicate with users in a more

engaging way.

CONVERSION RATE IMPACT

SEARCH RELEVANCE IMPACT

MEDIUM MEDIUM

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PRODUCT IMAGES

Images are highly important in convincing users to convert once they are on the

product page.

May also have an impact on search relevance, although a primary factor.

CONVERSION RATE IMPACT

SEARCH RELEVANCE IMPACT

CRITICALLOW

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PRODUCT REVIEWS

Most common reasons for negative reviews:

Out of stockProduct not as described

Late shipmentsProblematic returns process

CONVERSION RATE IMPACT

SEARCH RELEVANCE IMPACT

HIGH CRITICAL

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PRODUCT REVIEWS

Ways to improve product reviews:Existing base of satisfied customers

Offer free product for unbiased reviewsSocial media outreach

Request feedback from buyers

FAKE BIASEDGENUINE

THREE KINDS OF REVIEWS

CONVERSION RATE IMPACT

SEARCH RELEVANCE IMPACT

HIGH CRITICAL

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KEY BULLETS

PRODUCT REVIEWS

IMAGES

Low Conversion Impact High Conversion Impact

Low Search Impact

High Search Impact

PRODUCT TITLESEARCH TERMS

PRODUCT DESCRIPTION

SUMMARY OF AMAZON PRODUCT PAGE PERFORMANCE FACTORS

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KEY TAKEAWAYS

Diversification of product range and services offered

has allowed Amazon to grow and become

increasingly relevant to a wider range of brands.

Amazon is the leading search platform for

product-specific searches and this trend will continue

to exist and grow in the future.

Winning in Amazon product search comes down to creating and

adopting a strategy centred around relevance and

conversions.

What makes Amazon so successful?

Why is Amazon search so important for brands?

How do you win in Amazon Search?