The Remazing News Package – LinkedIn Edition
Here are the most important Amazon and e-commerce news of the last month. Our evaluation of each update is marked in italics.
Updates: Amazon Marketplace
A few weeks ago, Amazon announced its intention to organize a second Prime event this year. Now, the official date has been set: on 10 and 11 October, the Prime Deal Days promise many discounted offers in several categories.
💬 In times of persistent consumer depression, deal events are needed to motivate consumers to buy. Prime Days can of course be used for this. However, it is questionable whether this will weaken Cyber Monday and Black Friday in the short term and whether too many of these events will weaken the effect in the long term.
In the Sponsored Display console, we discovered the new bid option "Cost Control". Depending on the selected bid optimization, the desired value is set and Amazon automatically sets bids based on this. The Cost Control metrics vary depending on the selected optimization (reach, visits, conversions) and allow better control over the desired results.
💬 It should be taken into account that by setting up the Cost Control function, manual editing of bids is no longer possible; insight into the amount of the bid is also affected. The function is currently still in beta and not visible in all accounts.
There are also innovations in the Advertising Console: Hourly reports can now be downloaded for sponsored product campaigns.
💬 This new update will help to know at what time of day a campaign performs best. We will definitely test this new feature and are curious to see how valid this data is.
In addition, there is now a new section in the Amazon Advertising Console called "Multi-country sponsored ads campaign manager".
💬 So far we have only seen this function in the beta version in the Amazon Advertising Console , but in the future it could be particularly useful for reporting and converting currencies between countries, as it has already proven to be very useful in various other tools.
After first noticing the "Lowest price in the last 30 days" button for Prime Day on the Italian marketplace, we also spotted it on some product detail pages on the UK marketplace.
💬 This button is part of the EU's Omnibus Directive, which requires retailers to inform consumers about the discounted price and the percentage discount of products. On the other hand, they must also provide information about the previous price at which the product was sold within the last 30 days.
The new update of the Helium 10 extension now displays the organic competitive share as a percentage for search terms on both product and brand levels.
💬 This not only provides a good insight into the corresponding niche, but also shows which competitors should be targeted more closely.
In addition to the main image, advertisers can now also consider the other gallery images in A/B testing in Vendor and Seller Central.
💬 We have only discovered this function in the UK so far; it remains to be seen whether it will also be available for Vendors and Sellers in different countries in the near future.
News: Amazon
Amazon cancels planned fee for sellers
Only in August did Amazon inform merchants operating on its platform about the imminent introduction of the additional fee in the USA – now the marketplace giant is withdrawing its plans.
💬 Amazon's cancellation of the 2% fee for independent shipping hints at legal caution amidst antitrust scrutiny, showcasing the ongoing challenge of balancing profitability and compliance.
New tools and a Sustainability Solutions Hub at Amazon
At the annual Accelerate conference, Amazon presented new tools for retailers and also wants to further relieve sellers in the delivery process with Supply Chain by Amazon.
💬 The initiatives presented show a clear focus on improving the vendor experience and promoting sustainability efforts.
Amazon Announces App Integration for Buy with Prime on Shopify Stores
Recommended by LinkedIn
💬 With the new app integration, Amazon has once again succeeded in placing its services outside its own platform. This is also in line with Shopify's holistic approach, which is to enable its merchants to sell everywhere and thus give them more opportunities.
After reserve change: Amazon Grants Longer Transition Period
It was only in August that Amazon introduced a change in the payment modalities for merchants, according to which, payments would in the future only be made seven days after the delivery date.
💬 The longer transition period will benefit smaller traders in particular and will allow them to better prepare for the changeover.
News: E-Commerce
Zalando wants to appeal to customers with a new story format
Inspired by social media platforms such as Snapchat and Instagram, Zalando is launching "Storys" as a new content format to encourage customers to buy.
💬 The introduction of "Storys" reflects the growing trend in e-commerce to use social media-like content to meet changing customer demands and use it to enhance the customer experience and shopping experience.
eBay launches new listing tool with AI
The new tool will allow sellers to extract item information from images, making it easier for sellers to post items and for buyers to get more details.
💬 eBay's new AI tool underlines its efforts to improve the user experience and optimise the sales process. This makes the company competitive with the other big players that also use AI.
TikTok: Launch of "TikTok Shop" in the US & million-dollar fine for data breach
TikTok launched its shopping feature, previously introduced in the UK, in the US on 12 September. The Chinese company was also fined millions for violations of European data protection law.
💬 "TikTok Shop" recently tried to compete with a TikTok-like feed called "Inspire" but had only limited success. Whether these attempts are sufficient to become a competitor is something we are watching with bated breath.
Zalando Shuts Down Ratings
The online marketplace is removing product reviews from its platform and instead offering a survey on product information to assess support for purchase decisions.
💬 Zalando currently seems to be running some tests on the impact on conversion rates. Especially in various LinkedIn discussions, we notice the displeasure about the deletion of the feature, so we are curious to see what further developments will look like. Zalando itself states that the proliferation of fake reviews and the fact that only 3 % of customers submit reviews at all led to their deletion.
Remdash: Case Study, Share of Voice
5 national Amazon marketplaces, hundreds of products, and one tool to measure brand presence.
Learn how Kellogg’s used Remdash to increase its visibility on generic keywords by +240% and sales by +331%.
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