While a lot of smaller businesses are struggling due to the coronavirus pandemic, big eCommerce retailers are exploding in growth. Amazon in particular has gained a $570 billion market capitalization so far in 2020, which has led to an increase in stock value by 60%+.
If you aren’t selling on the Amazon platform, you may be missing out on a major revenue stream. If you are selling on the Amazon platform but haven’t seen significant growth, it may be from underutilizing your product listings. In this article, we are going to take a look at how to tweak Amazon listing optimization to find success in the upcoming year.
To help you understand how the Amazon listing optimization process works, it is helpful to look at it from the perspective of a consumer or user first. This helps highlight the areas that you need to focus on when optimizing your product listings.
Now that you know what to look for in a product listing and what you should be including in yours, how to optimize amazon listing? Let’s go over the important things to keep in mind when creating or tweaking your listing.
The takeaway here? Optimize your product description with specific keywords, make sure it is an informative description with bullet points about your benefits and features, and advertise with fantastic featured images. These images need to show the dimensions of the product, how the product is to be used, and an accurate portrayal of what the product looks like. Get creative with videos, make sure your pricing is competitive, and work towards getting a buy box.
Now that you know what to do to optimize your product listing from the front-end, let’s take a look at optimizing it from the back-end of the platform.
A lot of people don’t realize that you can have Amazon advertise your products for you. Ever seen the “best sellers” section? This is an advertisement for products that are selling really well. The best way to rank higher for sales is to use Amazon’s advertising, which is similar to Google AdWords in that you can bid on ranking for specific keywords. Luckily, it’s relatively cheap and is a good return on investment, because you are working with one funnel. When you advertise on Amazon using Amazon’s tools, you are gaining traffic from prospective customers who stay on Amazon and buy on Amazon. Not only does this provide you with some peace of mind that you will be able to maximize your return via sales, but it can be better than other forms of advertising that requires multiple campaign funnels.
It is recommended that you use Amazon Prime as this will increase your conversion rates. Everyone loves ordering through Amazon Prime because they get fast and free delivery on millions of items. Here’s how the Amazon listing optimization process works. You send your products to Amazon Prime, they do the shipping and take a percentage of the profits. It removes any headaches associated with the shipping and delivery of your products.
If you are a small business just starting out on Amazon’s platform, getting into Amazon Prime is highly recommended right now. The coronavirus pandemic has put a lot of restrictions on how many units of products you can send to Amazon Prime, so a lot of larger companies are losing their Amazon Prime status. As a small business, this gives you an opportunity to compete with everyone else on a more level playing field as there are fewer companies advertising via Amazon Prime at the moment.
With the explosion in growth that Amazon is seeing due to the coronavirus pandemic, now is the time to start selling on the platform as a small business. You can get started today, implement the above optimization techniques, and gain the opportunity to increase your conversion rates. With so many smaller businesses struggling during these tough times, the move online is a great way to bolster your business and find success moving into 2021.