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GET

PRIMED
FOR
PRIME
DAY
Ten Tips from Kenshoo Ecommerce
Get Primed for Prime Day 2020 | kenshoo.com 1
Contents
Introduction 2
About Kenshoo 3
The three keys to maximizing Prime Day season 4
The Amazon success philosophy: holistic retail 5
Prime Day Tip #1: Do not break the new rules of Amazon Advertising 5
Prime Day Tip #2: Align your entire business to the opportunity 6
Prime Day Tip #3: The center of a holistic Amazon approach is search 7
Market intelligence will be the difference on Prime Day 8
Prime Day Tip #4: The smartest marketers will win 8
Prime Day Tip #5: Figure out what data you need and go get it 9
Prime Day Tip #6: The right measurement data to guide the way 10
Prime Day will fall flat without the right management 12
strategy and foundation
Prime Day Tip #7: Be agile, be ready, and stay diligent 12
Prime Day Tip #8: A strong technical foundation to 13
help execute your Prime Day strategy
Prime Day Tip #9: Go all out for Prime Day: cross-channel for the win 14
Prime Day Tip #10: Best practices with Kenshoo Ecommerce 15
Kenshoo Ecommerce: Enterprise-level management 16
for Prime Day—and beyond

Get Primed for Prime Day 2020 | kenshoo.com 1


Introduction
The first Prime Day in 2015 was held in honor of Amazon’s twentieth birthday but has gone on to become a
retail event so large that it now rivals the end-of-the-year holiday shopping season. In 2018, Amazon sold 100
million products on Prime Day—and that was eclipsed last year as 2019 surpassed even the previous year’s
Black Friday and Cyber Monday combined with consumers worldwide purchasing more than 175 million items,
from devices to groceries and more, throughout the event.

“We want to thank Prime members all around the world,” said Jeff Bezos, Amazon founder and CEO last year. “Members
purchased millions of Alexa-enabled devices, received tens of millions of dollars in savings by shopping from Whole
Foods Market and bought more than $2 billion of products from independent small and medium-sized businesses.
Huge thank you to Amazonians everywhere who made this day possible for customers.”

Needless to say—for a variety of reasons—2020’s Prime Day is going to be the biggest one yet.

In March, COVID-19 pushed consumers online as they avoided going into stores and even those that did quickly
discovered most essential items were quickly out-of-stock—which drove even more online purchases. Although
the ecommerce revolution started more than two decades ago, 2020 will forever represent a fast-forward of
this shift. As the pandemic pushes this year’s Prime Day into Q4, this is bound to be even more important to
ecommerce advertisers than anyone could have even imagined.

This year, it will be more critical than ever for brands looking to cash in on Prime Day to be savvy and smart.
Consider the challenging market forces coming together for this year’s event:

• The meteoric growth in ecommerce due to the pandemic


• Prime Day now part of the end-of-the-year holiday shopping season
• Mature Amazon marketers with multiple years of experience under their belt
• Retail brands desperate to save 2020 with a big Q4

As a leading Amazon API integrator with thirteen years as an enterprise-level paid search and social advertising
platform, Kenshoo is uniquely positioned to help marketers understand this multifaceted marketplace.

Are you ready to get primed for Prime Day 2020?

Read on to learn how you can take your Amazon advertising campaigns to the next level.

Get Primed for Prime Day 2020 | kenshoo.com 2


About Kenshoo
Kenshoo is the leading marketing technology platform for brands looking to plan, activate and measure
growth strategies across the most-engaging digital channels. Kenshoo offers the only marketing solution
that combines data-driven insights and best-of-breed optimization to help make informed decisions,
scale and measure performance across Google, Facebook, Microsoft, Amazon, Walmart, Apple Search
Ads, Pinterest, Snapchat, Instagram, Verizon Media, Yandex, Yahoo Japan, and Baidu. Kenshoo’s machine-
learning algorithms and artificial intelligence leverage market signals and enable companies to predict and
keep pace with the omnichannel customer journey. Kenshoo has 27 international locations and backing
by Sequoia Capital, Arts Alliance, Tenaya Capital, and Bain Capital Ventures. Please visit Kenshoo.com for
more information.

Kenshoo brand and product names are trademarks of Kenshoo Ltd. Other company and brand names
may be trademarks of their respective owners.

Get Primed for Prime Day 2020 | kenshoo.com 3


The three keys to In order to make Prime Day/Season 2020 successful,
marketers should focus on three key areas:
maximizing Prime season
For marketers, this Prime Day will be more 1. A
 holistic approach to Amazon which follows
competitive than ever. Amazon Advertising—which the new rules of Amazon, aligns your entire
marketers invested nearly $14 billion in US ad organization to the opportunity, and prioritizes a
revenues in 2019—almost 8% of the US digital ad focus on paid & organic search visibility to drive
market—has become a fully-realized advertising sales
channel and will certainly be in full force during the 2. A
 foundation of the right retail analytics with
event. On top of that, Google and Facebook now solid insights to drive data-driven marketing and
allow their advertising to drive to Amazon pages measurement for performance optimization
which enables even more dollars to stimulate 3. A
 best-in-class management practice to make
purchases on the giant online marketplace. sure the strategy is executed flawlessly

Outside of being Amazon’s biggest annual retail


promotion, we know that Prime “Day” generally
extends way beyond the official two-day event. The Read on for tips that follow this
weeks leading up to—as well as the weeks that three-pronged attack
follow—generally see a huge spike in consumer
spending turning Prime Day into Prime Season.

Week of Prime Day


Impressions
Clicks
Spend USD

-6 -5 -4 -3 -2 -1 0 +1 +2 +3 +4 +5 +6

Weeks from Prime Day

Source: Get Primed for Prime Day (Kenshoo, 2019)

Get Primed for Prime Day 2020 | kenshoo.com 4


The Amazon success to ensure that this sales channel runs smoothly.
Even if a fraction of your brand’s sales is online, it
philosophy: holistic retail must be absolutely understood that consumers now
Prime Day is an opportunity to sell goods, but use Amazon to research product purchases—which
an even bigger opportunity to create customers. means even offline sales will suffer if you don’t focus
By approaching the Amazon Advertising channel on how shoppers now shop.
holistically—meaning to manage every aspect of it in
which all pieces are interconnected and impact each Prime Day Tip #1: Do not break
other—you can maximize the results for your brand. the new rules of Amazon
Advertising
As we stated in our most popular report on Amazon A major consideration for marketers looking
to date, To Win At Amazon Advertising, You Must to master Prime Day is how important it is to
Think Like Amazon: understand the rules of Amazon Advertising. An army
of algorithms enforces Amazon’s singular focus to
“Modern advertising practices need to be reevaluated ensure the best customer experience is maintained
to work within Amazon’s unique marketplace. ROI by its advertisers. This makes it a bit trickier to master
models of digital marketing are largely based on than other ad channels as it requires more than just
short-term, click-to-conversion tracking which can be the marketing team—it requires an organizational
limiting. Amazon is a place to build your brand, create alignment that many brands aren’t set up to handle.
customer loyalty, offer detailed product information,
and sell your goods. This means you have to keep It is absolutely essential that nothing interferes
products in stock, have great reviews, generate with your Prime Day program. If you don’t play by
an increasing velocity of product page views, etc. Amazon’s important rules, you may experience issues
Measurement moves beyond classic marketing metrics and you don’t want your ads to have any problems
to include operations and bridging the gaps between during this important retail event.
retailers, channels and tactics.”
Keep Amazon happy by keeping its customers
happy
Managing Amazon as a holistic channel can be
challenging for marketers who are used to simply
targeting and bidding on digital ads. Amazon knows
that it will stay at the top forever if it can serve up the
best online shopping experience. In a chaotic time
such as Prime Day—especially in 2020 given the
recent events—the marketers who can best navigate
around these rules will see the positive impact in their
advertising results. Keep customer satisfaction high with
smooth operations (getting products shipped fast and
Advertisers who approach Amazon like they would without errors), plenty of options (more features and
Google or Facebook will find limited success. It’s not packaging choices), and encourage shoppers to share
just about driving traffic to Amazon product detail positive feedback on your product pages to signal to
pages (PDPs). The entire enterprise must be involved Amazon that you’re doing right by their customers.

Get Primed for Prime Day 2020 | kenshoo.com 5


Never, ever (ever!) go out of stock is crucial for standing out in the sea of deals during
Amazon knows that one of the most annoying Prime Day. This is not usually a role that marketers
aspects of online shopping is spending time have had to play, but these factors cannot be
figuring out exactly what product to buy and then decoupled from Amazon Advertising if you hope to get
not being able to order it because it’s out of stock. the best results possible.
Its algorithms are diligently policing in this area
to ensure its customers have the very best online Managing this channel holistically means that you
shopping experience which is why you don’t see have to match up your entire business and lead
this problem very often on Amazon.com. Going out your other teams in what is required to win. Prime
of stock can potentially get your ads delisted by Day is just too big of an event not to bring your
Amazon—and with the massive numbers of products “A-game.”
being sold on Prime Day—you must be ready from an
organizational standpoint to handle the volume. Work with your sales team to win the buy box
Winning the buy box is a sure-fire strategy to win
Ensure profitability for Amazon even with sales during Prime Day. But it’s not so cut and dry
your low-cost Prime Day deals to attain. First of all, your prices must be extremely
Profitability for the publisher is an aspect of Amazon competitive. Work with your sales team to clean up
Advertising that marketers don’t have to worry about authorized and unauthorized reseller pricing in the
with any other channel. It’s all interconnected. There lead-up phase to Prime Day. Additionally, Sponsored
are incentives baked into the system for products that Products cannot be featured in ad placements unless
maintain a high profit for Amazon and disincentives you are winning the buy box. And if you’re running
that can negatively impact advertising results for Sponsored Brands, and losing the buy box for your
products that don’t hit the profit-margins desired. advertised products, other sellers who are winning
Remember, Amazon’s advertising program is primarily the buy box can swipe sales from traffic sent to your
set up to stimulate product sales within the online product detail pages. Win the buy box and you can
store, not as just pure advertising revenue. An example win Prime Day.
of this is Amazon’s algorithms which constantly scour
the internet to compare prices on your products. If Work with your product team to get your
they find your products cheaper somewhere else, they content in good shape
may automatically drop the price on Amazon.com Well-rounded content is always impactful for
to match. This could lower Amazon’s profit on those converting shoppers, but as the competition to
products which can negatively impact where your ads win conversions is high during this time, content
appear in search results. needs to be in top shape so work with your Product
team closely in preparation. Consider the seasonal
Prime Day Tip #2: Align implications of Prime Day in Q4 by selecting
your entire business to the seasonally relevant ASINs and optimizing for early
opportunity gift shopping if applicable. Make sure high volume
Amazon Advertising is unique because factors outside keywords are infused through the listing to match
of marketing play a big role in successfully capturing up with any prominent keywords within your titles,
and converting traffic during Prime Day. Collaborating images, videos, bullets, product descriptions, and
with other team members to ensure that there are A+ content. Good content makes your page look
strategies in place to support your advertising efforts legitimate and trustworthy. Remember, a shopper

Get Primed for Prime Day 2020 | kenshoo.com 6


cannot physically experience your product prior engine optimization (to increase their organic search
to making an online purchase so enhancing their rankings) and paid search (to fill the gaps where
experience utilizing the product detail pages is key organic rankings are weak). The same holds true
to winning over customers. for Amazon. Marketers must monitor their organic
search rankings on Amazon’s product search engine
Work with your operations team to be ready and understand where to strategically supplement
to handle the volume paid traffic for a holistic search program. This
As mentioned earlier, staying in-stock is absolutely couldn’t be more vital during Prime Day’s high
essential. Not only will ads that are sent to out-of-stock conversion rates where every search is a potential
items waste the budget and drive shoppers to your sale. Don’t pay for traffic when you don’t need it and
competitors, but your ads could be potentially delisted vice-versa.
even when you are back in-stock if you break Amazon’s
rule too often. For Prime Day, you need to make sure Be defensive with your brand terms
that the big deals you promote will be able to be Remember, competitors can buy your brand and
fulfilled. This means checking with your Operations product keywords. If a consumer is looking for
team in the weeks leading up to the event to coordinate deals associated with your brand but only sees your
promotions. Even if there’s a certain product that competitors’ products, the lost sales could be huge.
you really want to get fully behind this Prime Day Don’t assume that your competitors are going to keep
with Amazon Advertising, if there’s any chance your doing what they’ve been doing in the months leading
Operations team won’t be able to keep up, you may up to Prime Day. They might be preparing to go big
want to rethink where and how you apply budgets. Be and own your terms for the event. It’s important to
ready to pause those ads in case of stock issues. keep a critical eye on your brand rankings at this time.
Don’t just look for it—expect it—and be prepared to
Prime Day Tip #3: The center of react with your own chess move.
a holistic Amazon approach is
search Bid on keywords based on the new metrics of
During the Prime Day season, consumers will be looking Amazon
for deals. While the deal pages will be an important While search engine advertising is generally
avenue for traffic to your promotions, mastering optimized with click-to-value metrics (such as CPA),
visibility on the Amazon search results pages during the there are some differences with Amazon Advertising
event will also be an important aspect to your success. that you need to consider. The lifetime value of
a customer may mean you should be willing to
Showcase your best Prime Day deals with aggressive spend more upfront to convert those customers
bids for terms most prominently searched on for on Prime Day than you may normally pay, because
those products. During Prime Day, bids on those it could be worth it in the long run. The Sponsored
terms are going to spike—just like they do in Q4 for Brands ad format offers the new-to-brand metric
SEM—so you need to watch them closely so that where marketers can see if a customer has never
rivals don’t bid up and take away potential sales. purchased—or at least not recently purchased—from
them before. In today’s competitive market, “buying”
Holistic search: manage organic + paid ads customers on Prime Day will mean more sales
For the last twenty years, search engine marketers throughout the year that could eclipse your Prime
have embraced the holistic approach of search Day revenue.

Get Primed for Prime Day 2020 | kenshoo.com 7


Market intelligence will be Having the right data at your fingertips is crucial
this Prime Day to manage your Amazon Advertising
the difference on Prime Day programs effectively.
Already on a meteoric trajectory before the
pandemic, the ecommerce advertising space is Monitoring the “digital shelf”
growing faster than any other marketing channel. Understanding the “digital shelf” for your most
important products and product categories is
For brands, the opportunity is there. becoming an important part of a full retail analytics
foundation for ecommerce advertisers. There are
The budget is primed. data vendors who can aggregate the publicly available
But the data is not. Amazon product data for you and your competitors
so that you can gain visibility on what’s happening in
In traditional retail, the role of data is decades ahead your “virtual aisle” of the store. This is important intel
of where it is for ecommerce. Established data for your team in the days and weeks leading up to
powerhouses deliver terabytes of information to Prime Day so that you can maneuver appropriately—
retail analysts to number crunch and extract the finding product gaps for your catalog to exploit while
necessary insights to power product development, also deciding how much offense you need to play
market strategy, and operations. And for digital where there’s oversaturation with competitors.
marketers who have been empowered with the rich
data available in Search and Social advertising, what Keyword intelligence to know where you
Amazon Advertising offers marketers is surprisingly stand in the search results
sparse. This may be because the channel is simply Mastering your visibility on Amazon search results
still a bit nascent or that unlike Google and Facebook, pages is going to be key this Prime Day, and you can’t
Amazon’s ad sales are just a fraction—not the do that unless you have the retail analytics in place to
majority—of its revenue. track your and your competitors’ keywords. Brands
will be going for the jugular on Prime Day, trying to
This Prime Day, the marketers who are able to rely on conquest your brand keywords and bidding for the
a data practice to fuel data-driven decision making moon on key category terms. Ensure you have your
will have a leg up on the competition. Share-of-Voice monitoring set up for priority keywords
to see which brands are conquesting you or being
Prime Day Tip #4: The smartest aggressive in the non-branded space to appropriately
marketers will win set your own bids to own the search results pages.
The data gap in ecommerce advertising is real.
Marketing teams are still learning how to best The right sales data for clarity into what’s
approach this channel as they go, testing theories, really working
and validating hunches by cobbling together retail TACoS is more than a delicious food. The Total Average
analytics from different sources. Sometimes, it’s hard Cost of Sales helps you understand the effect your ads
to even know what questions to ask, let alone find have on the total sales picture, not just the ad-driven
the answer. Where are the connections? By pulling sales, and is a key metric to monitor. When analyzing
here, does it affect things over there? What impacts performance, trend out your advertising spend at
ad pricing and performance? How can an ecommerce the ASIN level to total sales to see how much you’re
marketer best drive ROI? investing compared to the total share and if you’re

Get Primed for Prime Day 2020 | kenshoo.com 8


increased spend is increasing total sales at the same need to be very proactive in filling those holes before
rate. A good rule of thumb is that for every ASIN, you Prime Day. The data is out there, you just need to
should increase your investment at not just what your prioritize this part of your practice in order to get into
ad clicks are bringing, but at what your organic + ad place so you can use it during the big event.
traffic is generating.
Unify your data across the organization
Prime Day Tip #5: Figure out what Every company has a lot of data that could be
data you need and go get it useful for marketers, but it just tends to be siloed
Beefing up your data game to make the best data- by function. For example, Product knows a lot
driven decisions during Prime Day is what could make about customers in order to develop the right
the difference this year. If you don’t have the data product lines, features, and assortment varieties.
readily available, you may need to find ways to get it. Sales and Operations know a lot about what’s
Once you figure out the gaps in your dataset, you happening at online retailers and offline programs.

SPINMASTER CASE STUDY.


THE POWER OF RETAIL ANALYTICS.
Kenshoo Ecommerce client Spin Master is a leading global children’s entertainment company with innovative
toy lines, entertainment properties, and digital games and toys. Its brands include Gund, Etch A Sketch, PAW
Patrol, and more. As COVID sent the world into lockdown in March 2020, and Amazon delayed shipping on
non-essential items, the Kenshoo team in partnership with Spin Master experienced a dip in its Amazon
Advertising conversion rates compared to the previous week. They needed to find a way of shifting advertising
spend to maintain conversion rates on available items.

The assumption was that the products impacted by the inflated estimated shipping times were dragging down
performance. This may have likely been caused when consumers clicked those ads but didn’t order once they
landed on the Amazon product pages because they saw that it would take a while to receive their items.

The team wanted to find a way of preventing spending on products with extended shipping times in order to
turn the conversion rate around, but unfortunately, the data on which products were affected wasn’t available
from Amazon. They had to turn to another source.

Working with ecommerce intelligence partner, DataWeave, the Kenshoo team developed a process to
automatically track the estimated shipping times for Spin Master’s catalog of products by aggregating publicly
available data from Amazon.com. This solution checks up-to-date shipping timelines on every product the
brand sells on Amazon continuously throughout the week.

Armed with this valuable data, the marketing team diverted the Amazon Advertising budget to only drive traffic
to products estimated to arrive within a seven-day delivery window. Anything beyond seven days was paused.

The team’s hypothesis paid off and in the week following the new strategy, conversion rates rose sharply again.
Shipping times do correlate to ecommerce advertising success.

Get Primed for Prime Day 2020 | kenshoo.com


9
And, of course, your different Marketing channels,
Prime Day Tip #6: The right
agencies, and tech partners have a treasure trove
measurement data to guide
of advertising data which can offer a lot of insight
the way
into consumer preferences. But it’s just not all
A strong measurement foundation is key to any
together. Connecting the dots between all of these
data-driven marketing practice—on Prime Day or any
data sources through cross-functional coordination
other time of the year. Regardless of what may have
is important. The challenge is in bringing it all
been learned through experience or best practices
together so that the marketing team can benefit
that have always worked before, measurement is the
from the combined intelligence investments of the
ultimate true north for every marketers’ performance
organization.
optimization compass.

Third-party data vendors can fill the gaps


Retail analytics vendors—such as Kenshoo
partners Profitero and DataWeave—are dedicated
commerce data vendors that can take your retail
analytics practice into the stratosphere. From
aggregating the publicly available product data
off of Amazon to compare pricing or tracking
keyword share-of-voice on Amazon search results
pages, the types of data you can get from these
companies can help give you a 360-degree view of
your category. The data is constantly shifting—even
throughout the day—so you need a partner who
understands the nuances and subtleties of how to
both gather this data and also how to best display
One thing that will always be true about Prime Day is
it so that your marketing team can find the insights
that there will be surprises to even the most veteran
they need to navigate through the chaos of Prime
ecommerce advertisers. KPIs that most Amazon
Day (and beyond).
marketers can rattle off the top of their heads may
be upended and completely different during these
Leverage your third-party Amazon platform
intense weeks. Unlike the rest of the year when you
analytics
can look out from your ship and navigate through the
Platforms like Kenshoo Ecommerce can help
waters, treat Prime Day like being in a submarine and
marketers better understand what’s going on with
your measurement practice is the periscope. Trust
their Amazon Advertising investment. Through
the numbers and stay agile so you can make quick
detailed analytics and reporting, marketers
decisions before the opportunity fades.
can derive advanced insights to help optimize
performance across their investment. That could
Check last year’s Prime Day results
be as simple as an integrated connection to output
Month-over-month benchmarks will be less
your Amazon Advertising data into your preferred
helpful for you during Prime Season than they are
analytics tool or deeper through partnerships
throughout the year. What’s better is for you and
Kenshoo has developed to offer deep retail analytics
your team to do a deep dive on last year’s Prime Day
side-by-side with advertising campaign data.
numbers which could be a stronger indicator for

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what’s going to happen during this year’s event than
what happened even last week. Where did things
spike that you weren’t expecting? Where were things
slower than anticipated? Learn from your mistakes
last Prime Day to potentially identify places you might
have gaps this year.

Begin learning from the first day of Prime


season
In the weeks leading up to the actual 48 hours of
Prime Day, there will be more consumer activity than
normal as shoppers look to window shop and zero
in on exactly the kinds of things they hope to come
back and score with a deal. However, they may find
what they’re looking for on those initial passes and
pull the trigger if your pricing seems competitive
enough not to wait and not risk potentially going
out of stock. That’s what has happened every year
during the event, but it’s going to be even more at
play this year because of how close it is to the end
of the year holiday shopping season. Make sure
that you’re watching your metrics closely and your
Amazon Advertising performance with a critical eye
to see if you can gain any insights into what is and
isn’t working. If a series of ads that normally drive
great traffic to your product pages begin to fail, swap
them out and test. If conversion rates begin to spike
unexpectedly on a certain product line, follow the
money and boost those ASINs.

You’ll need to look beyond Prime Day signals


As we know, this year is going to be different because
of the effect of COVID-19 and the proximity to the
end-of-the-year holiday shopping season. You will
absolutely have to merge your Q4 retail strategy with
your Prime Day approach—there’s no getting around
it. What products are trending this year and will be
big holiday gifts? Check your growing sales leading
up to Prime Day to make last-minute adjustments to
capture whatever is getting hot. Keep an eye on your
competitors’ deals to see what they’re betting on—
maybe they know something that you don’t.

Get Primed for Prime Day 2020 | kenshoo.com 11


Prime Day will fall You may find that an entire set of ads need to
be rewritten or that a competitor that has never
flat without the right threatened your business before is looking to go big
management strategy and this year and you will have to be savvy to invest in the
foundation right spots to combat that threat. If you don’t have
the infrastructure in place before the event starts,
Understanding Amazon’s rules and playing by them
you’ll leave yourself open to being leapfrogged by
are important. And arming your team with the data
rivals that may not have better products or a better
they need for data-driven marketing in a channel still
approach than you, but are simply better at “playing
lacking the data it needs is also a necessary step. But,
the game” during crunch time.
ultimately, having the right strategy and technical
foundation to execute that approach is key to making
Prime Day 2020 is going to be more important for
it all work.
brands this year than ever before. Don’t lose out
simply because you can’t execute fast enough.
The right strategy will make all of the difference in
the world but you could still miss the mark unless
you and your team can manage all of the chaos
Prime Day Tip #7: Be agile, be
appropriately. Your competitors will be reacting and
ready, and stay diligent
The amazing opportunity of Prime Day is that it is
increasing bids. They will try to steal your thunder
an intense period of shopper activity that can drive
with Sponsored Brand ads on your top keywords. You
tremendous results to your bottom line.
will have to roll with the punches early and often and
that means having an agile campaign management
The not-so-great thing about Prime Day is that it
process that can identify issues quickly and respond
will be over before you know it. If you blink, you
even quicker.
could miss something important and lose out on
critical sales.

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Have everything done that you can before everything’s ready to go. The only thing for certain
the event during Prime Day is that there will be curveballs to
There’s going to be so much that you and your team handle—so be ready!
will have to do to react in real-time to the chaos of
Prime Day that you need to get everything done Prime Day Tip #8: A strong
weeks before the event even starts. Have all of your technical foundation to help
campaigns loaded and on pause ready to go. Get execute your Prime Day strategy
your report templates in place with a cadence already Knowing what to do to maximize your Prime Day
figured out so you aren’t having to stop and make 2020 is just the first part of the puzzle. You then have
those decisions while everything is going on. Decide to run those advertising programs with precision.
who’s going to do what and how often. If you can get Some Amazon advertisers have very large product
some incremental budget to have on hand in case catalogs and thousands of keywords to manage. This
you need to boost parts of your program that really can be a very daunting task to accomplish—and to
need it, try to line that up. The final weeks leading do flawlessly. One little mistake could mean that the
up those key 48 hours will be time to tweak what’s wrong ad gets loaded up or the budget on your most
already there, not to be building. important campaign gets input incorrectly.

Prime Season deserves an “all hands on deck” Enterprise marketers in paid search and social
approach advertising have known for years that going beyond
Bring out the big guns this Prime Season. If you the native ad management tools enables them to
usually review numbers weekly, move to daily. Push save time, drive performance, and make intelligent
your agency and tech partners to see how they decisions about how to optimize their programs. It
can help support you at this time. There might can also help to reduce manual errors that simply
be features that you’re not taking advantage of can’t happen during such a critical time as Prime Day.
in your Amazon campaign management platform
that could take your program to the next level. Leverage automation during the Prime Day
During the actual 48 hours of the event, make sure chaos
everyone’s moved as much off of their plates as Digital advertising execution is filled with repetitive
possible if it doesn’t have to do with Prime. Have a tasks—and this certainly applies to running Amazon
plan on how to make the most out of every team Advertising campaigns. These tasks can be handed
member this year. In essence, leave no stone over to artificial intelligence, machine learning, and
unturned. rules-based automation in order to free up your
team to spend more time focused on the high-
Stay agile and be prepared for anything value things that can truly tap into their expertise.
Try to imagine scenarios that could arise and Marketers can use automation to make granular
address those situations before Prime Day hits. For changes to their accounts such as dropping bids
example, what’s your ad editorial review process. when ROI begins to drop, pausing underperforming
Who needs to sign off on budget increases? What ads, and turning on and off campaigns based on
will you do if conversion rates fall on Day 1 so that predetermined flight dates. Automation can also be
you change things up on Day 2? Have a daily “war used in conjunction with alerts to notify marketers
room-style” meeting each morning for the week when specified conditions are met—such as if a
leading up to the event to check-in and make sure campaign runs out of budget.

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Save valuable time through the event with embrace where paid search and social advertising fit
workflow assistance within the product research funnel to drive maximum
During the short Prime Day window—every second sales to Amazon.
counts. Just like on Black Friday or Cyber Monday,
marketers don’t have days to get new ads loaded Google’s role in product searches and
up or hours to change bids. The increased traffic capturing intent
from Prime Day with multiple ad types and campaign The opportunity for advertisers to reach customers
strategies can lead to an increase in revenue, but and build loyalty starts before Prime Day and extends
managing this activity can be a challenge when each well beyond. Prime Day leads to high search interest
campaign is multiplied by hundreds or thousands of in product research and creates a halo effect after
keywords, category, and product targets. Third-party Prime Day where consumers are comparing prices on
management tools can help you make changes to your Google Shopping and seeing if products are available
Amazon Advertising campaigns in a fraction of the time in a store nearby. Many product searches still begin
that it would take you through the native platform. on Google so make sure you’re capturing shoppers
at the top of the funnel as they figure out where to
Use powerful analytics tools to power data- spend their holiday dollars.
driven decision making
Simply put, data-driven marketing needs data. When Facebook’s role in driving awareness and
you and your team are trying to figure out what’s interest
working and what’s not, where to cut and where to Facebook offers the ability to expand a brand’s reach
boost, and how to best invest your Amazon Advertising and narrow in on a highly-targeted audience to lead
budget during the Prime Day season, the only way to new prospects towards becoming repeat customers.
do that right is with the right data. Third-party tools Most importantly to Amazon sales, marketers can
can go beyond the basics to provide insights which can target people who aren’t already actively searching
help you to make the right decisions. for their products. It provides sellers the ability to
reach a wider audience, boost rankings, and generate
Prime Day Tip #9: Go all out for more organic sales from Amazon.
Prime Day: cross-channel for
the win External ad traffic can now be measured
Prime Day is arguably the biggest shopping period Whether it’s driving traffic to your Amazon Store or
of the year, but the larger trend is that it’s no longer a product detail page, you can automatically apply
confined to just Amazon. And this year, being in Q4, Amazon Attribution tags to your Google, Facebook,
marketers must widen their scope to maximize the Microsoft, and Pinterest Ads, giving you the visibility
end-of-the-year holiday shopping season. This means to scale and manage cross-channel initiatives. This
bigger budgets, bigger deals, and involving more valuable information will help you better understand
channels than just Amazon Advertising what is and what isn’t working in your paid search
and social advertising programs to optimize
Google, Facebook, Microsoft, and Pinterest now allow toward real value. Marketers without this level of
marketers to point their ads to Amazon pages. This measurement will be forced to optimize toward proxy
change has come over the last few years as brands metrics such as low CPCs and high CTR. This might
petitioned the publishers to open up destination mean they are hurting their Amazon sales rather than
URLs beyond their owned properties. This Prime Day, helping them.

Get Primed for Prime Day 2020 | kenshoo.com 14


Prime Day Tip #10: Best practices issues before Prime Day hits. The last thing you need

with Kenshoo Ecommerce is inventory or buy box issues to sneak up on you


right when the surge in volume comes. Set up filters
Every advertising channel—either online or offline—
from the ads grid to identify the following serving
has best practices that have been built up over time
errors: Ad is out of Buy Box or Ad is Not in Stock.
which tend to more often work in certain situations.
Managing a large assortment of keywords and ads is
Monitor where competitors are ramping up
repetitive, time-consuming, and mistake-prone.
Identify and tag keywords with the “Share-of-Voice
Keyword = YES” dimension if you know they will
The Kenshoo Ecommerce team is made up of
be important to your Prime Day strategy. Do this
ecommerce and digital advertising experts who
several weeks ahead of time so that you can monitor
have all run Amazon campaigns. They’ve been
through the Brand Insights Dashboard If they are
able to see first-hand what the most cutting-edge
winning shelf space in those areas. This will give your
marketers are doing with this channel. When using
directional insights on how aggressive your bids and
our platform, here are some of the best practices
placement adjustments should be.
you can apply to leverage the technology for a
successful Prime Day:

Keep up the pace all day


Let Kenshoo’s Automated Actions do the heavy lifting
for you when it comes to making sure your campaigns
are well funded throughout the day. Break your days
budget into quarters then schedule incremental
increases in budgets every six hours so all your budget
doesn’t get used up during the morning rush!

Stay competitive from the start


Filter for keywords with historically high-performance
(ROI, ACoS) and then check to see if any are below
the Amazon suggested minimum bid. Use Kenshoo
Ecommerce’s Automated Actions to set them to at
least the minimum bid at the start of Prime Day. This
way you will have a better chance to ensure that your
core keywords won’t fall below the fold.

Develop a placement strategy


Identify your priority products and their campaigns
and leverage Kenshoo’s Bulk Top of Search Bid
adjustments functionality to drive more traffic from
the top of search placement.

Think ahead when it comes to serving issues


Set up automated alerts that notify you of serving

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Kenshoo Ecommerce:
Enterprise-level management for Prime Day—and beyond
Total market intelligence. Totally intelligent ecommerce.
The world of marketplace advertising is rapidly changing the shape of online shopping and providing ecommerce
marketers with new opportunities. Capture active shoppers with one platform for launching and scaling
advertising success across Amazon and Walmart.

Leading brands and agencies leverage Kenshoo’s advanced optimization, analytics & automation solutions to get
started quickly, navigate new ad formats, and drive growth.

We call this Total Ecomm Intelligence.

• Best-in-class optimization. Drive performance & impact with Kenshoo’s advanced optimization suite.
Algorithmically optimize bids & budgets to make the most of your marketing investments.
• Enterprise-grade automation. Maximize productivity by automating repetitive tasks. Drive operational
efficiency by streamlining time-consuming workflows. Do more in less time with Kenshoo’s automation suite.
• Actionable insights. Make the most of your data with Kenshoo’s comprehensive analytics suite. Derive
actionable insights & make informed strategic decisions.
• Experts at your service. Kenshoo’s seasoned team of ecommerce experts are standing by to help you
thrive.
• Cross-channel excellence. Leverage a single platform to break down silos & orchestrate a cohesive, cross-
channel program. Maximize the value of every customer touchpoint across channels: Ecommerce (Amazon,
Walmart), Search (Google, Microsoft, Verizon Media) & Social (Facebook, Instagram, Pinterest).

It’s not too late to have the power of Kenshoo Ecommerce by your side for this Prime Day. Reach out to us now
and schedule a brief demo to see how we can help.

Get Primed for Prime Day 2020 | kenshoo.com 16

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