The Walmart Sponsored Ad Revolution - VENDO Podcast Ep. 109
Mar 27, 2023
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Delaney Nicol, Lead Amazon Account Manager, and Michelle Long, Walmart Media Buying Lead, discuss the impact of sponsored brands, videos, and brand stores on Walmart's advertising landscape. They cover topics such as new Walmart updates, CPCs for sponsored brands, self-managed brand stores, sponsored videos, variant bidding, Subscribe & Save, display self-serve, and the importance of Walmart reviews. Tune in to learn more about optimizing your online Amazon and Walmart businesses.
Sponsored brands on Walmart, previously known as search brand amplifiers, now offer new-to-brand metrics, indicating the percentage of customers who are new to a brand and the potential for driving new customer acquisition through sponsored brand campaigns.
Walmart is introducing a subscription program called Subscribe & Save to drive customer loyalty and repeat purchases, similar to Amazon, and is also improving variant targeting and display advertising options for sellers to optimize conversion rates.
Deep dives
Updates in Walmart Advertising
Walmart advertising has been rapidly expanding and introducing new updates. The focus is on improving Walmart Connect's capabilities to provide more robust targeting options, similar to Amazon. Updates have included rebranding, new campaigns, and improved metrics for sponsored brands, self-managed brand stores, and video ads. These updates aim to give brands more control and better conversion rates on Walmart.com.
Sponsored Brands and Newto-Brand Metrics
Sponsored brands, previously known as search brand amplifiers, now offer newto-brand metrics, which indicate the percentage of customers who are new to a brand. The data shows that even established brands on Walmart are driving a high percentage of newto-brand customers through sponsored brand campaigns. It is recommended for brands to leverage sponsored brands early and strategically to take advantage of the results and increased targeting capabilities. Additionally, the retail price of the SKU affects the performance and return on investment of sponsored brands.
Subscrib & Save, Variant Targeting, and Display Self-Serve
Walmart is introducing Subscrib & Save, a subscription program similar to Amazon, to drive customer loyalty and repeat purchases. The program is currently in a testing phase and aims to become available to all sellers on Walmart.com. Variant targeting has also been improved, allowing sellers to advertise specific product variations instead of only the base item. This change gives brands more control and the ability to optimize conversion rates. Furthermore, Walmart is expected to roll out display self-serve for marketplace sellers in Q3, opening up more display advertising options that were previously limited to 1P suppliers.
This week on the podcast, Delaney Nicol, Lead Amazon Account Manager, and Michelle Long, Walmart Media Buying Lead will discuss analyzing the impact of sponsored brands, sponsored video, and brand stores on Walmart's Advertising Landscape.
Topics Include:
- New Walmart Updates
- Using Sponsored Brands (Previously Known as Search Brand Amplifiers) (3:12)
- New-To Brand Metrics (4:40)
- CPCs and Sponsored Brands (5:31)
- Self Managed Brand Stores (8:18)
- Asking Your Walmart Rep for Growth Opportunities(11:30)
- Sponsored Videos (11:57)
- Variant Bidding (17:45)
- Subscribe & Save (20:13)
- DisplaySelf Serve (24:33)
- Walmart Reviews & Building a Review Plan (25:28)
Featuring:
- Delaney Nicol, Lead Amazon Account Manager, VENDO
- Michelle Long, Walmart Media Buying Lead, VENDO
Want to stay up to date on topics like this? Subscribe to our Amazon & Walmart Growth #podcast for bi-weekly episodes every other Thursday!
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