In the interest of social-distanced shopping during the COVID-19 Pandemic, Amazon had a record-breaking Black Friday and Cyber Monday last year. With the online retail giant continuing to dominate the market, and with consumers still cautious of transmission rates, the convenience of online shopping is expected to drive a large portion of holiday shopping in 2021. If your brand wants a piece of the holiday shopping pie, here are some things you can do now to prepare.
Large retailers like Walmart, Best Buy, and Target start advertising their Black Friday and Cyber Monday promotions a week before. Although it officially starts on November 26th, the day after Thanksgiving, many deals will be available on Amazon early November, with sales getting more aggressive approaching the big day.
November 1st is the day Amazon opens the Black Friday/Cyber Monday deals store, and if your brand wants to throw its hat in the ring, we’d recommend being ready as soon as possible. Even if you weren’t ready for Nov. 1, it’s important to get your products, listings, and deals ready for as early in November as you can manage.
Shopping online is now more social than ever, and having a strong base of reviews will be essential for a successful Amazon Black Friday/Cyber Monday. Research indicates that 79 percent of shoppers trust online reviews as much as a friend’s recommendation and 89 percent of shoppers read online reviews before buying.
It might go without saying, but the best way to prepare for Black Friday and Cyber Monday is to make sure your store has enough inventory to satisfy higher demand. Two of the best ways to do this are to understand how Amazon promotions work, and if you sell using Fulfillment by Amazon, check your inventory to make sure it’s reserved for Black Friday sales.
How will your brand’s audience know about your Amazon Black Friday and Cyber Monday deals? If you haven’t already, strategize on how to spread the word. Will you send out an email campaign, use social media marketing, run PPC campaigns, or advertise directly on Amazon? It is ultimately up to you, but it’s better to have a plan in place than no plan at all.
Most of Black Friday and Cyber Monday purchases are impulse buys. Usability Sciences performed a study on cart abandoners, and they found that unacceptable shipping options were the second highest reason shoppers abandoned their cart.
Since the window of consideration is so short for most of these holiday shoppers, your brand should consider offering your customers free shipping to sweeten the deal and make clicking the final ‘checkout now’ button as easy as possible.
If you bundle your products strategically, you’ll increase exposure, sell more, and get the coveted Amazon “Buy Box.” Product bundles on Amazon are convenient and add more value to a customer’s shopping experience. When you create a bundle, Amazon assigns a unique UPC to your offer–essentially creating a new product shoppers can find in the catalog.
Just make sure you follow Amazon’s specific policies on product bundling, and you’ll be set for success.
With millions of sellers on Amazon worldwide, the competition is pretty steep. Keep track of your competitors’ pricing strategy (and make any needed adjustments) to make sure that your products are competitively priced while still offering a good profit margin for your brand.
Customers want to find your products and store as easily as possible, and if your SEO isn’t on point, then a competitor will win the Black Friday/Cyber Monday business. Look through your product listings and make sure that your SEO covers all necessary keywords. You don’t want any potential customers slipping through the cracks when the big day arrives. We offer our best tips to optimize your Amazon SEO here.
It sounds obvious, but make sure you account for your brand’s promotions, discounts, and freebies when projecting sales and profit for Amazon Black Friday and Cyber Monday. The last thing you want to do is upset the boss by coming under your projections because you didn’t account for holiday promotions.
With aggressive promotions and traffic flooding into Amazon, the holiday season can contribute to a huge chunk of seller’s revenue. November is going to be a big month for Amazon, and if your brand has prepared adequately for Black Friday and Cyber Monday, it will probably be a great month for you too.
If you're interested in learning more about how to make the most out of Black Friday or Cyber Monday and how Pattern can help, get in touch today.
Entering the ecommerce landscape is a huge undertaking for any brand—it usually requires a large investment in resources and expertise to really be successful. Any brand can quickly get in over their heads trying to navigate the nuances of SEO, fulfillment and logistics, distribution control, listing optimization, and meeting the numerous other requirements and administrative tasks to show up well on marketplaces.
Unfortunately, because it’s so easy for third party, gray market, and unauthorized sellers to obtain and sell products online, many brands find themselves pressured to execute an ecommerce plan without the right resources to succeed on marketplaces and their other channels.
So, for brands looking to enter the ecommerce space or improve their current and future performance, it makes sense to partner with an ecommerce consultant.
Pattern’s global presence and proven success with hundreds of brands has allowed us to develop highly effective ecommerce consulting services. We can guide your brand to navigate issues both large and small in marketplaces worldwide. To maximize your ecommerce efforts, you’ll need to understand what an ecommerce consultant does and how to select one who drives the right value for your brand and products.
An ecommerce consultant is a specialist in the ecommerce space who can give you personalized guidance on how to market your products and grow their presence on digital marketplaces.
An ecommerce consultant should be able to analyze your brand, audience, category, opportunity, and current roadblocks and help you understand how to utilize your resources (or what resources are missing) to be most effective in capturing your opportunities in the ecommerce space.
Not sure how to evaluate a consultant? Here are 4 key attributes to look for as you make your choice.
At Pattern, we prioritize brand obsession for a reason—we know that a brand-centered mindset makes a crucial difference in the outcomes and results our partners achieve. So in our experience, when you begin your search for an ecommerce consultant, it’s important to look for a partner who is specialized in ecommerce, invested in the product, and passionate about helping brands build and improve their strategies. Typically, this means finding someone that consults exclusively for ecommerce marketplaces, rather than choosing a consultant who offers many different services.
It’s also important to avoid choosing a consulting partner who can’t deliver the right experience for your brand. The best indication of whether your potential consultant can do that is to review their history, data, and results with other brands. Ask if they’ve helped others in your selling category, if they’ve solved specific issues your brand is facing, and why they feel you are a good fit. The key is to leave the conversation feeling confident that you understand your consultants’ capabilities and whether or not they match up with your needs.
It’s best to pick a consultant who knows how to guide a brand onto and through multiple marketplaces worldwide. You’ll want to take a look at your long-term strategy and think about the regions and platforms you’re currently on and where you might want to take your brand in the future. If your consultant is truly great at what they do, they’ll be able to help you perform well enough with your current product roadmap that it’ll be a no-brainer to expand your presence at the right time.
The most effective partnership with an ecommerce consultant will be able to give you both recommendations and point you to solutions for making those changes in your planning, processes, and execution. Your time and money is valuable, so you want to make sure that you’re spending it as efficiently as possible as you follow your consultant’s advice. So, before you commit to an ecommerce consultant, ask about the resources and concrete solutions they typically recommend to the brands they work with.
Finding an ecommerce consultant that checks the boxes can be a difficult task. At Pattern, our entire focus and drive centers around giving brands the tools and resources they need to succeed on domestic and international ecommerce marketplaces.
With over 100 global ecommerce consultants across 10 global offices, we have the right tools to partner with brands across the world to achieve better ecommerce success. We give specialized advice, then make sure our partners have all the adequate SEO, social media, CRM, Amazon multi-channel fulfillment services, and ecommerce outsourcing services they need.
Interested in ecommerce consulting services? Set up a call here to learn what Pattern can do for your brand on global marketplaces.