In today's ecommerce landscape, there is growing competition on marketplaces, making it harder for brands to standout on marketplaces like Amazon. So, every advantage you can gain to set you apart from any other listing is crucial to help you win clicks and grow your sales.
At Pattern, we know that brand profitability is influenced by four aspects of the ecommerce equation: price, availability, conversion, and traffic. When you optimize for these areas, your product sales will most likely grow on any marketplace. Partnering with hundreds of global brands, we know an advantage worth pursuing on Amazon that directly connects to the ecommerce equation is the Best Seller badge.
Amazon’s Best Seller badge is a designation given to a product ranked as the #1 seller in its category. And although the exact formula used to calculate the winner remains a mystery, we know that pricing changes, promotions, and competitive products influence Best Seller Rank (BSR) and your ability to achieve the Best Seller badge. And BSR’s biggest influence is customer sales trends and historical sales volume.
It’s also good to know that BSR is updated hourly. But, because it’s calculated using both sales trends and historical volume, BSR can stay fairly static. For example, just because a product has 10 units of sales in one hour and drops to 1 unit of sales in the next, it doesn’t mean the BSR will automatically fall. Winning the badge takes consistent effort in optimizing your sales volume, but it’s worth it for success in your long-term strategy.
The best thing about the Best Seller badge is that there’s one for every category and subcategory on Amazon. This is impactful because there’s much more room to compete for the badge and succeed than many brands think. If the badge was only available for Amazon’s 36 main categories, the sheer number of available products compared with the vastly lower number of badges would make attaining the #1 spot for a product’s category a daunting task for most brands.
But, with the many more opportunities available to win, the badge is much more achievable. Competing products that share a category can both possess the Best Seller badge if they’re winning under different subcategories, helping brands gain leverage over competitors and momentum in winning sales.
One of Pattern’s key advantages for brands is our data-driven approach to ecommerce success. Our proprietary technology is specially tailored to find key niches for products to gain ground on Amazon and across global marketplaces. For things like achieving Best Seller badge, we help brands analyze subcategory options, determine products’ competitive ability, and then identify the best opportunities for them to start growing their rankings and stand out to consumers.
Amazon’s Best Seller badge is important to your brand and products because it drives more traffic to your listings, a key component of the ecommerce equation that drives profitability. Best Seller badge products not only show up higher on search pages, they increase your glance views by an average of 45%.
There’s a reason Amazon issues a Best Seller badge in the first place—your sales make them more successful. And showing consumers top products for their searches with an eye-catching graphic helps to draw eyes and communicate value fast. As you funnel more traffic to your listings, you’ll increase momentum for your products’ success in the ecommerce equation.
We also know that the Best Seller badge increases conversions, though not as dramatically as it does traffic. Products with the badge tend to experience a 3% increase. And every win in conversions strengthens your products’ profitability.
It’s also worth keeping in mind, too, that ecommerce conversions are a difficult win to come by—it’s hard to convince a person that they should purchase something they can’t feel with their own hands or try before buying. Users have limited ways of developing trust with your product in their short decision-making period, and having the Best Seller badge, like having mostly positive reviews and great creative assets, is a valuable way to reinforce the message that your product really is worth buying.
At Pattern, we know what it takes to achieve your potential profitability. We have the historical success with hundreds of global brands and true expertise to be able to say with certainty that when you optimize your traffic, conversion, price, and availability for your products, you can grow your performance on any ecommerce marketplace.
And, partnered with our data insights, proprietary technology, and seasoned teams, we can help you succeed wherever your ecommerce strategy takes you.
Contact us to optimize your success on Amazon and achieve your Best Seller badge.
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Peak season is almost upon us and with all signs pointing to it starting earlier than ever, with Christmas gifting searches now ramping up in August and September, it’s time to start preparing for peak. In this article, we’re sharing our top five tips for planning and preparing for peak season with Google Ads and the strategies required to get your Paid Search ready so you can drive success over this crucial period.
In 2021, gifting search terms started increasing in popularity in August. The general trend is that people are looking, researching and weighing their options early, so it’s best to start your Paid activity early to ensure that you’re capturing that early research traffic. This will help drive revenue alongside aiding those consumers who are in their research phase.
From 2020 to 2021, spend during Cyber Week actually only rose 2% but in the weeks leading up to it, it increased by 16%. However, Cyber Week is still the biggest period during the latter half of the year, accounting for 23% of all online spend by consumers over peak. Being prepared and starting early will help you to maximise your time during this period.
According to Google, 48% of global consumers have stopped buying or using a service due to privacy concerns. Privacy is front of mind when consumers are shopping online and we know that Google is phasing out 3rd party cookies in 2023. This is going to make it much harder to track users online and it’s something that brands need to think about this now – waiting isn’t an option.
From a Google Ads point of view, you want to ensure you have set up the Google Ads tag across your site and have enabled ‘Enhanced Conversions’, which ensures all conversions are tracked and allows you to monitor other actions such as ‘Add to Cart.’ This is relatively easy to set up, especially if you use ‘Google Tag Manager’.
It’s also vitally important that you build up your first-party data during this time as this is data you own and it can be used when targeting consumers that have provided your brand with their email address. Pattern’s own experience shows that by segmenting and using first-party data, you can see a 10% improvement in revenue and ROI.
A full-funnel approach is now more important than ever as consumers become more discerning and have more choices than ever of where to shop.
Pattern has seen success with Google Ads’ ‘Discovery Campaigns’ (image-based ads that appear on Google platforms such as Gmail and the Google app), which have driven success both from a traffic and revenue perspective.
The performance of these campaigns is significantly enhanced by adopting a segmented and nuanced approach to first-party data and incorporating these into your campaigns. Other options for a full-funnel approach include YouTube and testing bidding on keywords that are more representative of the research phase. (e.g. ‘best baby clothes’ for a baby clothes brand)
Earlier this year, Google announced that they were moving away from Smart Shopping and launched Performance Max. This is a new campaign type that incorporates features and placements from Smart Shopping but expands them onto other platforms such as Gmail but also alternative creative options, such as images and videos.
Since Google has already started automatically upgrading Smart Shopping campaigns to Performance Max, expect to see some fluctuations in the first 2 weeks following the switch over but results generally seem positive. We recommend upgrading sooner rather than later to limit any potential impact to peak period.
Peak period will be even more competitive than in 2021 and you’ll need your budgets to support this period, we recommend boosting budgets in October to start capturing that early peak traffic. As we enter November and the Cyber Period, start early and make sure you are capturing those consumers looking for early bargains, ensuring you are being nimble in your optimisations and reacting to the data that you are seeing.
Overall, peak period is vital to help drive your sales and by preparing early, you will see strong results and drive success for your brand. If you want to discuss how your brand can navigate this next peak period, contact us to discuss your options with our performance team now.