Winning the Game and Being Famous on Amazon

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Amazon Winning the Game and Being Famous on Amazon

Transcript of Winning the Game and Being Famous on Amazon

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AmazonWinning the Game and

Being Famous on Amazon

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Jeff Cohen

13+ Years Experience in e-Commerce

Former Founder and

GM of Textbooks.com

Executive Team Member of Seller Labs

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Born From Amazon Sellers

Over 10,000 Amazon Sellers

Managed 2.3B on Amazon Sales

Process 100K Customer Orders / Month

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• History of the Internet

• Why Amazon Matters

• What Matters Most to Amazon

• Align Your Goals with Amazon

Agenda

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History of the Internet

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Why Amazon Matters!

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“Almost a third of people looking to buy something started on Amazon--that’s more than twice the number who went straight to Google.”

http://googlepolicyeurope.blogspot.com/2014/10/the-new-grundergeist.html

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What Matters Most to Amazon

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“Start with the customer and work backwards.”

Jeff Bezos

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Pillars of Amazon

Value

Convenience

Selection

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Amazon Shoppers

14M visitors per day

6.3 avg visits per month

305M active global customers

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Average Income

47% earn over 75K

40% earn 25K-75K

13% earn under 25K

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So What Matters Most?

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"We see our customers as invited guests to a party,

and we are the hosts”

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Align Your Goals

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Why Feedback is Important

Social Proof Amazon Proof Trust Reputation

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Three Goals Feedback

Customer Service

Seller Feedback

Product Reviews

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Always Lead With Customer Service

Enhance the Customer Experience

Provide an Avenue for Conversation

Listen to Your Customers

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Tactics for Seller Feedback

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Why The Buy Box Matters

• $82b of sales go through the Buy Box • Responsible for 95% of seller revenues • Rewards sellers for great customer service • Sellers compete on their merits, not marketing

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The Buy Box Fundamentals

The Amazon Buy Box is an algorithm that tries to

give the customer the best possible value for

the money.

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Two Impact Variables

Feedback Score and Feedback Count

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✓ You may request feedback from a buyer.

⃠ You many not offer pay or any incentive for providing feedback.

✓ You may provide a link to your feedback page.

⃠ You may not offer a link to any page outside of the Amazon ecosystem.

Do’s and Don’ts of Feedback Management

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✓ You may provide links back to your seller page on Amazon.

⃠ You may not offer a link to a company webpage.

✓ You may communicate with your customer about their order.

⃠ You may not contact them about your newsletter or other specials.

Dos and Don’ts of Feedback Management

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✓ You may contact customers through the Amazon email messaging system.

⃠ You may not contact them directly via phone or mail, or ask for their direct email address.

Dos and Don’ts of Feedback Management

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Always Be Testing

Timing

Subject Line

Logo and Name

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I am moving from Wholesale/RA to Private

Label

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Amazon Search

The best place to hide a dead body is page 2 of Amazon Search

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What Amazon Says About Search

https://sellercentral.amazon.com/gp/help/help-page.html?itemID=10471

Search is the primary method customers use to locate products.

Views for a product detail page can increase significantly by adding just one additional search term.

Price, availability, selection and sales history help determine where products appear in search results.

Better-selling products tend to be at the beginning of a results list. As your sales of a product increase, so does your placement.

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Direct Influence

• Title

• Keywords

• Bullets

• Images

• Price

• Fulfillment

• Description

• Inventory Levels

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Indirect Influence

Buyer Intent

Sales

Reviews

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What Does Amazon Say About Reviews?

You may request reviews from a buyer

Any attempt to manipulate reviews is PROHIBITED

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Things That Will Get You Into Trouble

You MAY NOT write reviews for products in which you have a financial interest!

You MAY NOT ask a buyer to remove or edit negative reviews!

You MAY NOT only ask for positive reviews!

You MAY NOT provide compensation for a review other than a free or discounted product!

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Think Reviews Matter?

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Creative Product Listings...

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They Do!

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Secrets To Sales On Amazon

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Generate Sales & Satisfy Customers

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Ask Your Current Buyers

Send a message at the right time. Always start with

customer service. Then focus your message to

your goals.

Automate the process to reduce

administrative work.

Customers want a way to communicate with you.

Provide that, make them happy and ask for

feedback.

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Want More?

www.SellerLabs.com/RMRC16

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