Get up to date with this week's ecommerce headlines from around the globe.
Amazon moves into healthcare through a $3.9bn deal with One Medical
Amazon has acquired membership-based health service, One Medical, which offers virtual and in-person advice and care to patients. One Medical has close to 767,000 members and 188 medical offices in 25 markets, but has recently been making a loss. The ecommerce giant will take on One Medical’s debt, and sees the acquisition as a mission to make “quality healthcare more affordable, accessible and enjoyable”.
Amazon set to increase the price of Prime delivery and streaming services
Amazon is raising the price of its Prime delivery and streaming service in the UK as a result of “increased inflation and operating costs”. Being a Prime subscriber allows for unlimited free delivery, entertainment and sport streaming services. The cost has been £7.99 since 2014, but from mid-September will increase to £8.99 for new customers or on existing customers’ next subscription renewal date.
YouTube and Shopify team up to add live shopping features
YouTube has partnered with Shopify to offer users the option to purchase products without leaving its website. Viewers in the US, Brazil, and India will see the shoppable content in the explore tab within the next month, later rolling out to other regions. Someone watching videos on YouTube may come across a list of products on their page, and is then able to purchase the item without leaving the website or the video itself.
Alibaba is set to close Tmall online store in Hong Kong
Alibaba recently announced that it will be shutting down Tmall in Hong Kong at the end of October this year. Tmall is Alibaba’s online retail platform that sells large Chinese and global brands.The company made the decision based on “business strategy adjustment”, but has stated that it will continue to provide payment and delivery services to local residents in Hong Kong through its Taobao marketplace.
Klarna is set to open its first brick-and-mortar retail pop-up shop
Klarna is launching an immersive shopping experience in a pop-up store in Los Angeles called ‘Klarna Oasis’, and is focused on supporting the company’s mission-driven merchant partners. Customers will be able to shop exclusive discounts from specific partner brands and will have the option of donating gently used clothing and accessory items.
Superdrug signs more than 200 brands to its online marketplace
Superdrug has a new and upcoming online marketplace set to launch in September, and has already signed over 200 brands both premium and start-ups. The company aims to recruit and partner with more sustainable brands to support entrepreneurs and small businesses, promoting diversity and inclusion within the industry.
Find relevant content to accelerate your ecommerce business. Stay on top of industry trends and best practices.
If you’re in the global ecommerce space, you are most likely aware of Amazon, and probably selling your products on the marketplace. With over $470 billion in sales in 2021 alone, Amazon stands as the third largest company in the world based on revenue. The ecommerce giant is a household name in the U.S. and working hard to grow its market share across five continents worldwide.
Having your products available on Amazon and being competitive there, though, are definitely two different things. If you want to really succeed on Amazon, you’ll need specialized insight into how Amazon works and how to make it work for you. So, for many brands, it’s a great idea to work with an Amazon Search Engine Optimization (SEO) agency.
At Pattern, Amazon SEO optimization service is one of our key competencies. We understand that technology, data-driven insights and expertise are the most important tools brands can leverage to win top listing spots on digital marketplaces. With expert teams and years of experience, we help brands conquer the Profitability Death Spiral as they compete with other products and sellers online. We offer Amazon SEO agency services as a core solution to brands that need more resources to get ahead.
An Amazon SEO agency serves brands by improving their products’ rank and listing performance on Amazon. They make strategic decisions about ad spending and placement that lead to higher traffic, conversions, and revenue for ecommerce brands.
A great Amazon SEO Agency partner will:
Unfortunately, many Amazon SEO agencies profit in unfair ways from your brands’ perceived success based on the ROAS numbers they provide. This is done through including branded search terms in ROAS reports, which naturally skew listing performance.
Let’s say, for instance, your brand is called “Annie’s” and you sell lollipops. Your brand has a very high likelihood of winning the top listing spots on Amazon for lollipop search terms that are paired with “Annie’s,” your brand name. So, SEO agencies will spend your ad money on those terms and report a very high ROAS.
To avoid scenarios like these, it’s best to look for an agency that either calculates their profits on metrics other than your ROAS scores or weighs branded search terms differently in the performance metrics reports. Regardless of your Amazon SEO agency’s cost structure, you should align onbranded search terms before committing to a scope of work.
A great indicator of a high-quality Amazon SEO agency is the level of insight they can provide into your competitors’ listing positioning and how it compares to yours. Data fanaticism is so important at Pattern that we’ve developed proprietary technology to display this exact information with precise detail for every brand we work with. In fact, you can find our free version here to see how you compare to some of your top competitors based on ASIN.
It’s certainly possible to improve your Amazon search performance with blind spending strategies. But a truly great solution will help you to know where your dollars are at their most powerful and competitive.
Amazon’s A10 algorithm prioritizes customer satisfaction—it wants to show consumers the best products that align with their search intent to improve conversions and sales. So, the best way to gain momentum on Amazon is to work on incremental wins.
Improving your performance on more obscure search terms that align with your customers’ search intent is a great way to increase ROAS for the long term. A10 will reward your success with better rankings on higher-volume search terms and the virtuous cycle can help you conquer your most-coveted listing spots. And the best part? This process of gaining momentum, if done right, will naturally decrease your ad spend over time as Amazon recognizes your value and works with you to keep your products at the top of consumers’ search results.
As an Amazon SEO specialist, Pattern knows how to help your brand win better success for long-term profitability on Amazon. With our data-driven tools and brilliant teams of ecommerce experts, we help brands with listing management, content optimization, Amazon ad strategies, and more.
Contact us to learn more about our SEO optimization services.