Below you’ll find 5 proven tips for selling on Amazon like a pro.
1. Improve Your Product Images
2. Descripe anything about product in Descriptions
3. Implement a Flexible Pricing Strategy
4. Take Advantage of Influencer Marketing
5. Ask Amazon Experts For Assistance
All good advice.
Images
These must be very high class (not expensive these days) and give customers as much information as possible. Use all of them (plus video too if you are brand registered). A good rule of thumb is to assume customers can't read and that they get everything from the photos. Use infographics to get the important points across. Work out what your features and benefits are and get them across visually. A lot of research has been done on the customer journey recently and on Amazon what tends to happen is:
1 - customer types in a query and lands on the results page. They choose which listing to click on based on main image (is it high quality and does it jump out at you), price, stars, rating, title (does it make sense and is it cut off at a critical point), delivery speed, Prime badge, coupons/discounts
2 - customer lands in a listing and checks the photos/video out first. They rarely buy from the photos alone but they will definitely
NOT buy from the photos alone. If they can't get the information they are looking for visually they are never more than a few inches away from a competitor's listing and they will be off. The photos should get them 75% of the way there and then the other content gets them over the line
Description
Less important on Amazon than anywhere else. The bullet points are more important both because they are higher up an because they have a bigger influence on ranking positions. If you are on the Brand Registry make sure you are using either A+ content or A+ Premium content for your descriptions. These are much better looking than the normal text description you get when not on the registry.
Important - at the time of typing this, A+ and A+ premium content does not influence search/rankings. So any keywords you include have no effect on your ranking positions. For this reason make sure you create a regular keyword-rich description as normal. You won't be able to see it as it will be hidden by the snazzy description but it will still influence results in the background.
Flexible Pricing
Important if you are competing with others on listing but not relevant for private label. I would not recommend competing against others unless you have a lot of money. There is always someone bigger than you who can afford to sell for less. Plus you don't have control over the listing so you are stuck with it. With private label, price is less of an issue. My flagship product is twice the price of most of my competitors but people buy it because it is premium. It is much more difficult to compete at the budget end because in many cases you will be up against Chinese factories who can undercut you.
Influencers
100%! Amazon loves outside traffic and will even reward you for it. If you are brand registered you can use 'attribution' to track people like influencers that send outside traffic to your listings. If the customer buys, your influencer gets a kickback but you also get a 'brand bonus'. this only works on Amazon.com at the moment but will come to the EU at some point. In the US, the average bonus is about 50% of the commission that Amazon gets for the sale, so up to 7.5%! Since influencers typically get 3-5% you can even make money out of it (or pay them more for a better service).
Experts
Again, 100% agree with. I'm a massive believer in learning. I hear a lot of people saying things like "you have to learn at the coal face" and you have to make mistakes first in order to learn". In my view this is utter nonsense, especially these days when information is so readily available. Why toddle off at random, making mistakes that countless others have already made when you can learn from those mistakes and avoid them?! I have made loads of mistakes in the last 15 years, some of which have cost me huge sums of money. Why would you want to go down the same route when it can be avoided? And this is especially true when it comes to Amazon. At best you will underperform, at worst you will get shut down.
However for me, there is a big one missing here (which applies to private label)...
Differentiation
The biggest mistake I see people make is trying to jump on a bandwagon. They see something selling well and try to take market share with the same exact product. The real trick to Amazon is (and this is hugely simplified):
1 - find something that is selling well, despite it having problems (reflected in the reviews)
2 - improve the product by solving those problems (which isn't always possible or economically viable of course)
3 - make a world-class listing so that it converts well
4 - understand how Amazon works so that you make the most out of your new listing (particularly when it comes to cold start and the honeymoon period)
5 - use PPC to influence organic positions (unique to Amazon)