We are launching a new item and as I was setting up our PPC campaigns I thought that I would share our general approach to Keyword Harvesting.
Keyword harvesting is the process of constantly identifying and adding the best keywords to your PPC account.
You will most likely start your PPC campaigns with by adding keywords that Amazon recommends or that are top of mind for you.
That's a fine place to start, but if that is where your keyword research ends you won't be able to grow your account.
We start with an Automatic Targeting campaign. Auto campaigns allow Amazon's algorithm to match your ad against any target it deems to be relevant.
You will then review the data that comes through this campaign and start to map and move targets to new buckets. If a keyword drives more than 3 conversions we move to a Manual Keyword campaign into a broad match ad group.
If the keyword has more than 20 clicks and 0 conversion we add the keyword as a negative to the campaign. Same thing for product targets -- ASINs that drive a conversion are moved to a Manual Product Targeted campaign and anything with 20 clicks and 0 sales is added as negative.
Now the fun starts. Any keyword that is showing a conversion rate over 20% is added into the Exact Match ad group and listed as a negative in the broad match ad group (to avoid multi ad groups bidding against themselves).
We are constantly running our auto campaigns and are leveraging this strategy big time. Here is a screen shot of our ROAS performance YTD, as we found more long tail low cost / high converting terms our ROAS improved dramatically.
This strategy isn't perfect and the hardest part is that it requires patiences to let the data bake and ensure that you don't overreact one way or the other, but it will certainly help to grow your ppc performance.
a h/t to @bowtiedopossum on the idea for a flow chart and to @BlackLabelAdvsr who reminded me that I had some PPC work to do today with one of his posts lol.
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Like a lot Amazon seller business, we are heavily (90%) dependent on Amazon and our top priority is to diversify our revenue mix. Here is our game plan.
Here are our 10 themes to growing our business off of Amazon
1 - have great products. This sounds obvious, but we spend 6 months making some changes to packaging, product inputs and finding new manufacturing partners. This is critical as our mktg model is heavily LTV dependent and a shitty items tanks repeat rates.
Think of an Amazon listing as a limitless bazaar with merchants all selling the same item. With a few exceptions, anyone can plug into any the listing and sell that item so Amazon developed a tool to decide who gets to fulfill the sale. This tool is called the Buy Box.
The general rule to win the BB is whoever has the best combination of full landed price (price + shipping cost) and who can get the product to the customer fastest wins. Here is an example from Vital Proteins.
There are 10 other sellers trying to sell their inventory, but can't because someone else (in this case, Vital Protein themselves) has the buy box. Want a fun fact? You can't advertise in sponsored products unless you have the buy box.