Amazon continues to experience spectacular growth in advertising revenues, so it’s worth it for marketers to look into this option. Now, that task is even easier. Last week Amazon released its inaugural 2019 Advertising Forecast, which published the results of a survey of 681 digital marketers and advertisers to better understand the challenges and opportunities that Amazon advertising products present.
Here are highlights from the report that I think are worth sharing.
44 percent of Amazon advertisers plan to add campaign automation tools in 2019. While the report shows that currently larger companies with revenue greater than $25 million are using Amazon ad automation tools more so than smaller businesses (under $10 million), both categories are equal in their intentions to use automation tools in 2019.
The tools they intend to use include ones from Kenshoo, Splitly, Sellics, Seller Labs, Prestozon, Pacvue, PPC Scope, Helium 10, Adlucent, Jungle Scout and Ignite, as well as proprietary tools.
Marketers will benefit from keeping top of mind thatAmazon purchases are “bottom of funnel,” which means shoppers log on with a specific purchase in mind. There’s an opportunity to capture some market with “similar products” with an Amazon ad that Kenshoo supports.
Recognizing the potential on Amazon, there are an increasing number of tools being developed specifically for Amazon to help marketers. For example, Teikametrics offers a retail optimization platform that optimizes Amazon search term bids, product keywords and other search parameters, and also supports the deployment of Sponsored Brand ads. Teikametrics takes advantage of the fact Amazon is often both the inventory advertiser as well as the order fulfillment center. Using this tool, sellers can zero in on important metrics like how many ads to run if inventory is low, or whether it is better to increase advertising or lower prices.
As Amazon continues to invest in its advertising offerings, marketers are looking for tools that will enable them to effectively scale and automate their campaign management. Amazon’s 2019 Advertising Forecast signals there is a substantial opportunity for new tools to help marketers do just that and that we’ll likely see ongoing innovation in this area as vendors work to meet growing marketer demand.