My Amazon Guy Are You Doing Better or Worse Than Your Competitors On Amazon?
The video describes Amazon Ads' new benchmark report, a feature available through the Campaign Manager that helps sellers evaluate their advertising performance compared to industry standards. The report provides metrics on key performance indicators like cost per click, purchase rates, and new-to-brand metrics, allowing sellers to compare their results against category averages. This can help sellers determine if their advertising strategy is competitive within their category.
The benchmarks include data such as the average cost per click (CPC), where the user's CPC can be compared with the benchmark for the same category, giving insight into whether they are overspending or underperforming. Similarly, the report tracks metrics like cost per purchase and purchase rate for new-to-brand customers. By comparing these values, sellers can see how their performance stacks up against competitors in the same category.
The introduction of benchmarks allows sellers to make more informed, data-driven decisions by offering insights into whether their campaigns are on track with the industry standard or if adjustments are needed. This is particularly valuable for sellers who may be uncertain about their advertising strategy or spending, providing a clearer perspective on how they compare with competitors.
The video encourages users to explore this new benchmark feature within their Amazon Advertising console and take action based on the insights provided, potentially optimizing their campaigns or making necessary adjustments to improve performance relative to their category.
#AmazonAds #AmazonMarketing #EcommerceGrowth #AmazonBenchmarks #adperformance
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Timestamps:
00:00 - Amazon Ads Benchmark Report
01:20 - Comparing Your Campaign to Competitors
02:30 - Understanding Cost Per Click and Cost Per Purchase
03:10 - What Does This Benchmark Data Mean for Your Brand?
04:00 - How to Use Benchmark Data for Better Amazon Ads
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