amazon cyber monday Archives - Seller Snap Wed, 04 Oct 2023 03:42:52 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 https://www.sellersnap.io/wp-content/uploads/2020/07/cropped-favicon-32x32-1-32x32.png amazon cyber monday Archives - Seller Snap 32 32 Key Black Friday and Cyber Monday Insights | Preparation, Execution, and Post-Event Strategies for Your Amazon Business During Holiday Shopping Season https://www.sellersnap.io/amazon-black-friday-essential-tips-insights/ https://www.sellersnap.io/amazon-black-friday-essential-tips-insights/#comments Mon, 02 Oct 2023 02:47:55 +0000 https://www.sellersnap.io/?p=21447 As the fourth quarter of 2023 draws near, the eCommerce industry starts preparing for the upcoming holiday seasons and sales events. Amazon Black Friday and Amazon Cyber Monday are two of this quarter’s highly anticipated eCommerce sales events. 

Whether you are selling on Amazon or other eCommerce platforms such as Walmart or eBay, obtaining success during Black Friday and Cyber Monday requires more than mere luck. A successful Black Friday and Cyber Monday campaign demands sufficient preparation and a calculated approach. 

To help you boost your sales and enhance your overall Amazon business performance during Cyber Monday and Black Friday 2023, we have compiled insights and valuable tips encompassing pre-event, actual event, and post-event strategies.

Overview: Black Friday and Cyber Monday Shopping Events

In the context of the consumer industry, Black Friday occurs the Friday after Thanksgiving. Initially, such an event was only an in-person shopping event. However, as technology evolved, Black Friday extended beyond brick-and-mortar stores and into online shopping platforms like Amazon. 

While Black Friday’s origin can be traced back as far as the 1950s, Cyber Monday, on the other hand, was introduced in 2005. Cyber Monday describes the Monday after Black Friday when consumers continue to shop online. 

The main difference between Black Friday and Cyber Monday is that Black Friday deals are offered online and in physical stores, whereas Cyber Monday deals are more online-focused. Nevertheless, the difference between Black Friday and Cyber Monday is almost negligible, for both holiday shopping events offer huge discounts and great deals.

Important eCommerce and Amazon Data 

ecommerce-guide-to-black-friday

Knowing important information that drives the marketplace is crucial when preparing your Amazon Business for Black Friday and Cyber Monday events. From factors influencing shoppers buying decisions to sales reports, these data points can help you quantify your results, determine trends, identify products & categories that attract consumers, and more. 

Factors Influencing Buyer’s Decisions

Understanding the factors influencing online shoppers to purchase items can significantly enhance your strategies for the upcoming Amazon Black Friday and Cyber Monday 2023. To provide you with a clearer understanding of the triggers that lead shoppers to click the “Add to Cart” button, here are some of the key factors influencing buyer decisions:

• Product Reviews

Before making purchases, most shoppers tend to navigate to the review section of the product listing to gain insights and recommendations from fellow shoppers who have previously bought the same item.

Most consumers read through reviews when shopping online, and 79% of these consumers actively seek out websites featuring product reviews. This emphasizes the essential role of product reviews for every eCommerce enterprise, including your Amazon business.

platforms-for-online-reviews

Although personal recommendations are given more weight than online reviews, a significant population of shoppers remains confident in the reviews left by other consumers concerning a product. It is estimated that 46% of eCommerce shoppers find online reviews as reliable as personal recommendations. You should take product reviews into consideration when unveiling your Amazon Black Friday deals.

• Free Shipping

When shopping online, shoppers prefer listings that have free shipping options. More than 65% of consumers expect free shipping for their online orders. 

Online businesses that do not offer free shipping often experience cart abandonment. Shipping fees often discourage shoppers from continuing their purchases, contributing to the average overall abandonment rate of 69.9%. 

free-shipping-on-amazon

Hence, when developing your Black Friday or Cyber Monday strategy, you should consider free shipping options for your product listings. Free shipping has been proven to increase sales and store engagement, which is why Amazon likewise adapted the free shipping option to its platform. 

• Discount Offers

Many shoppers anticipate discounts and promotions from eCommerce sites, like Amazon, as the holiday season draws near. With that in mind, offering price discounts to consumers can help influence their buying decisions in your favor.

amazon-black-friday-bundles

When offered a discount, approximately 66% of online shoppers are likely to complete a purchase even if they did not initially plan to buy the product. Furthermore, discount promotions reduce shopping cart abandonment, with 54% of shoppers choosing to buy items in their cart after being presented with discount offers for those products.

• Website Interface

An eCommerce site’s design and functionalities also have a significant impact on the shopping behavior of consumers. Hence, online sellers and business owners should take time to optimize their websites or listings.

A mere 1-second delay in page response could lead to a 7% drop in conversions. Additionally, if a listing page or website takes longer than 3 seconds to load, around 40% of visitors are inclined to abandon it.

amazon-cart-abandonment

Furthermore, an alarming 88% of online consumers are unlikely to revisit a website after encountering a negative user experience. Hence, you should optimize your website for the upcoming holiday season, focusing mainly on its mobile responsiveness, navigation, security, search function, checkout process, and product details. 

In cases where your products are featured on an eCommerce platform like Amazon, where you lack control over the technical setup, directing your efforts toward listing optimization becomes essential. This ensures that Amazon shoppers obtain precise product details that they can use to evaluate your product better. 

Conversion by Devices

As you gear up for the holiday season, it is essential to gain insights into the conversion rates across different devices. This information holds significant value for your eCommerce business, for it enables you to fine-tune your marketing strategies based on customer device preferences.

Furthermore, this understanding can shed light on device performance trends during peak shopping periods like Black Friday and Cyber Monday. Identifying these trends allows you to pinpoint areas of your business that may require improvements or updates, such as optimizing content presentation and enhancing user experiences.

Ultimately, comprehending device-specific conversion rates empowers you to shape a tailored approach for the upcoming holiday sales events. Below showcases last year’s conversion rates that highlight the varying performance of different devices during the critical shopping days of Black Friday and Cyber Monday 2022.

amazon-black-friday-conversion-rates

Consumer Spending 

Knowing what consumers have purchased previously on Black Friday and Cyber Monday gives you an idea of the possible purchases for the upcoming Cyber Monday and Black Friday 2023. Most shoppers spent their money on gift items in anticipation of the gift-giving season. Some of the popular categories consumers spent their money on include the following: 

amazon-cyber-monday-performance

Social Media Platforms Demographics

Social media platforms have become essential for promoting products and driving traffic to a website. Social media platforms allow you to give consumers early access or exclusive access to your listings. Understanding the user demographics of top social media platforms can help you improve the effectiveness of your Black Friday and Cyber Monday campaigns.  

Instagram: Instagram is popular among younger audiences aged 18 to 34. It has become a top social media shopping destination, with 130 million monthly users engaging with shopping ad posts on the platform. 

If you offer steep discounts for your listings, you can capitalize on this younger age group, for they are the ones who tend to seek a discount code or items at bargains.

Facebook: Around 60% of individuals engage with Facebook on a daily basis. The majority of its users fall within the 25-34 age group, with video content as one of the primary drivers of engagement on the platform. Contents containing personalized recommendations or new products can help redirect FB users to your listings.

TikTok: Although relatively new in the social media landscape, TikTok has over 1 billion monthly users worldwide, contributing to the exponential growth of its online shopping ads. 

This social media platform is popular among users aged 16-24. You can create videos highlighting holiday decorations to entice audiences to your Amazon store.

Pinterest: Pinterest has become not just an avenue for ideas and inspiration but also a unique space for online sellers and business owners. Unlike the previous three social media platforms, Pinterest appeals more to older audiences. 

A significant 38% of its users are aged 50-64, and 34% are aged 30-49. You can create pins showcasing an interesting Amazon product category to keep customers coming to your online store.

Each social media platform has its own distinct users, behaviors, and features. Based on the data highlighted above, you can tailor your Black Friday and Cyber Monday campaigns to intensify their reach. Thus, helping your business thrive in the competitive landscape of eCommerce.

The Amazon Holiday Shopping Weekend

To further refine your approach for the forthcoming Black Friday and Cyber Monday sales events, delving into Amazon’s statistics can be a game-changer. These crucial data insights will be instrumental in shaping your strategies for Amazon Black Friday and Cyber Monday 2023.

Key Insights from Amazon Black Friday and Amazon Cyber Monday

Amazon announced that the holiday shopping event of the previous year, encompassing Thanksgiving, Black Friday, and Cyber Monday, was a huge success. Notably, Black Friday witnessed a sales growth of 2.3% compared to its 2021 figures, while Cyber Monday sales also surged by 5.8%.

“This was a record-breaking holiday shopping weekend for Amazon. Customers shopped millions of deals this weekend and we have many more amazing deals to come,” said Doug Herrington, CEO of Worldwide Amazon Stores.

As per Amazon report, the top-selling Amazon categories during the holiday shopping weekend include:

• Home Category
• Fashion Category
• Toys Category
• Beauty Category
• Amazon Devices

Moreover, popular Amazon products purchased during Black Friday and Cyber Monday include:

• Nintendo Switch
• Amazon smart plug
• Hasbro Gaming CONNECT 4
• Amazon Echo Dot
• Fire TV Stick
• Apple AirPods

The Black Friday and Cyber Monday campaigns of small and medium-sized businesses were highly successful, generating $1 billion in sales. Also, 60% of the units sold in the Amazon store come from third-party sellers. Some of the trending categories for small businesses include:

• Home Category
• Beauty Category
• Kitchen Category
• Toys Category
• Apparel Category

Amazon Cyber Monday and Black Friday Selling Tips

In order to increase your success this holiday season, you need to optimize your strategies, especially your Cyber Monday and Black Friday marketing strategies. Here are some strategies you can apply to help you prepare your Amazon business for the upcoming holiday weekend to improve Cyber Monday and Black Friday sales.

Determine Priority Items

Since not all products will be in demand for the season, you must identify products or categories that will likely generate sales during Black Friday and Cyber Monday. You can check product ranking and sales history for reference. 

You can further narrow down your search by checking items under best-selling categories such as Home, Fashion, Toys, Beauty, and Kitchen. You can likewise review previous years’ Amazon Black Friday deals to help you find deals that new customers will be interested in. By doing so, you can focus your resources to support any strategic marketing campaigns for the said products. 

Ship Inventory Before Your Amazon Deadline

Once you have identified priority inventory items, ship them before the deadline. Amazon’s deadline for receiving Black Friday and Cyber Monday inventory is November 1. To avoid delays or fulfillment congestion, ship at least a week before the deadline. 

Consider Your Fulfillment Service

Amazon sellers can choose between independently fulfilling customer orders (FBM) or leveraging Amazon’s proprietary fulfillment service (FBA). Nonetheless, if you opt for FBA, having an alternative plan involving third-party logistics is highly beneficial. This contingency proves invaluable should FBA facilities become inundated with customer orders and fulfillment tasks.

Conduct Promotions Ahead of Time 

Similar to your Prime Day deals, you should also drive traffic to your listings ahead of Black Friday and Amazon Cyber Week. Driving organic traffic to your listings can help increase your listings’ organic ranking.

To market your product or listing before the holidays, consider introducing early bird discounts to pique customer interest and build anticipation.

Furthermore, you can employ another popular Black Friday marketing strategy involving newsletters or sharing compelling content on your social media channels to attract shoppers to your store’s Black Friday sale.

Manage Your Reviews

As you prepare for Black Friday and Cyber Monday 2023, overseeing the feedback and customer reviews featured on your listings is crucial. If possible, aim to address any negative feedback associated with your listings. The presence of negative feedback can dissuade potential shoppers from making purchases.

It is estimated that more than 85% of shoppers are hesitant to buy products with negative reviews. Similarly, this negative customer feedback can also damage the reputation of your business, as 50% of shoppers are more likely to share this feedback to other potential customers

Perform Listing Optimization

Optimizing your listings on Amazon before Black Friday and Cyber Monday can drastically improve the overall performance of your Amazon business. In particular, listing optimization leads to better product visibility, improved click-through rates, and enhanced conversion rates. 

To optimize your listings, you should conduct keyword research to guide you when making engaging titles, persuasive bullet points, and compelling product descriptions. 

Additionally, listing optimization also includes the use of high-quality images for your products. A well-optimized image should accurately represent your product. Accordingly, 60% of consumers tend to buy items from websites using high-quality product photos.

Prior to uploading your listing photos, ensure that the photos adhere to Amazon’s photo guidelines and requirements. For guidance, you may follow the specifications below:

amazon-photo-guide

Tips During the Holiday Events 

Managing your Amazon Black Friday and Cyber Monday campaign does not end during the actual sales events. There are still important things to do to achieve a successful Cyber Monday and Black Friday campaign, and these include the following:

Monitor Your Amazon Business

During the holiday weekend, monitoring your conversion, stocks, and cart abandonment is necessary. It gives you an insight into how your business performs during the holiday event and likewise allows you to make adjustments required for favorable results.

Handle Customer Queries and Support

Be sure to promptly respond to customer queries or concerns during the holiday weekends. This is especially true for Amazon FBM sellers who are primarily in charge of their business’ shipping and customer support.

If you run an ad campaign outside the Amazon website, promptly reply to customer queries, including questions about promos and coupon codes.

Boost Social Media Campaign

During the ongoing holiday weekends, you can further improve your Amazon store engagement and conversion by boosting your social presence. Be active and create engaging posts by showcasing attractive product videos and images.

You can also delve into influencer marketing as part of your social media campaign. You can offer a free gift to influencers so that they will promote your brand and products during the holiday season. However, any connection between you and the influencer receiving the gift should be disclosed as per Amazon guidelines

Influencer marketing leans significantly on the principles of psychology. Given that our brain is inherently receptive to influencer marketing, this approach can bring substantial advantages to your Amazon business.

amazon-influencers-effect

Digital media influencers, including Amazon influencers, can help influence consumers’ purchasing behavior. In fact, almost 70% of consumers reported that influencers often influence their purchasing decisions, while more than 60% also shared that social media influencers helped them discover new brands

Post-Black Friday and Cyber Monday Tasks

Your responsibilities do not end along with the conclusion of the holiday shopping events. Some tasks demand continued careful attention, and some might even require immediate action. Following Amazon Black Friday and Cyber Monday sales events, here are some essential things you should do. 

Deal with Customer Returns

Along with your Amazon sales comes Amazon returns. Deal with product returns professionally, as this influences your performance. Since customers might already be frustrated, it is best to make the returns process more convenient for them by extending the return window or offering different return channels. 

Depending on the situation, you may also offer a full or partial refund. If possible, make instant refunds to clients you consider VIPs or those loyal to your brand. If you wish to learn more about product returns, we prepared a separate article concerning Amazon Returns and How to Deal With Them

Check Analytics

It is crucial not to overlook the necessity of comprehensive data analysis for your Black Friday and Cyber Monday campaigns. Delving into the numbers is instrumental in identifying potential mistakes and gaining insights into enhancing your business strategy for Amazon Black Friday and Amazon Cyber Monday events next year.

Ask for Customer Feedback

After Black Friday and Cyber Monday, Amazon sellers should ask for customer feedback. Obtaining favorable customer reviews can help you improve your seller metrics and credibility. 

Although Amazon does not require sellers to request reviews, they may still do so, especially for specific orders. Instead of requesting via email or Buyer-Seller Messaging, you could request an appraisal from a customer using Amazon Seller Central’s “Request a review” feature on the Order Details page

Amazon allows you to request a review from a customer once per order between 5 and 30 days after the delivery date. Alternatively, if you want a more convenient way to request customer reviews, you may also use a feedback management tool to automate requests for Amazon reviews. 

Effective Amazon Seller Tools Approved By Amazon 

Below are some of the essential Amazon seller tools crucial for optimizing your Amazon venture. These seller tools are Amazon third-party software partners, which means Amazon approves using these software tools. Using these software tools can help sellers automate, manage, and grow their businesses. 

 

 

Seller Snap: An AI-powered repricing software that helps you automatically adjust your listing prices based on essential factors such as market trends and competitor prices. Thus ensuring that your products are competitively priced for maximum sales and profits.

Jungle Scout: This is a comprehensive tool for product research and competition analysis. It helps you identify profitable niches and products to sell on Amazon, especially for the coming Black Friday and Cyber Monday

FeedbackWhiz: A feedback management software that helps you monitor and manage customer feedback or reviews. This Amazon software tool is important for building credibility and driving sales.

InventoryLab: As its name would suggest, this Amazon seller tool can help you manage your Amazon inventory. It can help you track your inventory levels, sales, and expenses. Thus, preventing instances of stockouts and overstock.

Helium 10: This Amazon seller software offers a wide array of functionality, including but not limited to advertising, analytics & reporting, order management, product research & scouting, and more. 

Preparing Your Amazon Business for Success

Amazon Cyber Monday and Black Friday 2023 mark the start of the holiday shopping season. These pivotal eCommerce events are accompanied by significant consumer engagement, increased order volume, and challenges.

In order to preempt or mitigate potential issues within your Amazon business during Black Friday and Cyber Monday, proactive preparation is essential. The insights provided above serve as a guide to preparing your Amazon business, ensuring customer satisfaction and optimal overall business performance. By embracing these strategies, you position your business for success amidst the holiday shopping rush.

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Last Minute Preparation Tips for Amazon Black Friday and Cyber Monday | 6 Ways to Drive More Sales https://www.sellersnap.io/amazon-black-friday-cyber-monday-preparations/ https://www.sellersnap.io/amazon-black-friday-cyber-monday-preparations/#comments Wed, 24 Nov 2021 19:41:05 +0000 https://www.sellersnap.io/?p=18059 Strategically navigating through this shopping season is essential for every Amazon seller. With Amazon Black Friday and Amazon Cyber Monday drawing near, you should do a final store check to avoid unnecessary issues that could delay or complicate your Black Friday or Cyber Monday sales

By now, Amazon FBA products should have already been shipped to fulfillment centers, especially since Amazon has already provided sellers with a deadline – November 15. With just a few days before Amazon Black Friday and Amazon Cyber Monday, your attention should be centered on optimizing your Amazon campaign.  

If you are not yet fully prepared for the upcoming Cyber Monday and Black Friday sales, we have you covered. Here are some last minute preparation tips to get your Amazon store ready for Amazon Black Friday on November 26 and the Amazon Cyber Monday on November 29.  

Improve Your Amazon Black Friday and Cyber Monday Campaign

 

amazon-cyber-monday-banner

Ensure That Your Product Descriptions Sells

The product description is often an undervalued and underutilized section of the product detail page. Most of the time, sellers simply input unappealing and completely copy-pasted information to make things easier. 

If you have not yet optimized your product descriptions through proper use of keywords, you are depriving your Amazon store of showcasing the value of your products. Similarly, you are also missing out on better Amazon search result rankings for your listings. 

Just like Google, proper use of keywords should be observed for your listings. The keywords and phrases for your product description must reflect the interests of Amazon shoppers.

It is imperative to use research-based Amazon keywords to improve ranking potential. This is especially important when only 30% of shoppers reach the second page of the Amazon search result page. 

Aside from using relevant Amazon keywords, you should also write product descriptions that appeal to your target audience. If your item is categorized under the home kitchen category, you should use keywords appealing to users searching for products under such an Amazon category. 

Let’s say that you are selling cookware; your product description must therefore include relevant and appealing terms like easy to clean, durable, and non-stick. In a sense, you highlight the product’s features and the benefits buyers may obtain from purchasing your item. 

Other significant changes you need to implement with your product descriptions include using bullet points and limiting your product title length to no more than 200 characters, including spaces. 

Finally, to avoid issues during Amazon Black Friday or Amazon Cyber Monday, you should follow the product detail page rules set by Amazon. 

Optimize Product Image to Entice Shoppers 

Apart from the product description, the product image you use is the closest Amazon shoppers will get in scrutinizing your product. In order to determine the suitability of the product, most of the time, shoppers will zoom into the images. 

Since the brain can process images 60,000 times faster than text, it is critical to have a quality image for your listing. You can optimize your product images by uploading high-quality photos.

When taking a product photo, keep in mind the angles. Try to imagine which angles shoppers normally check when examining an actual product and present as many product angles as possible to customers. 

Instead of only uploading 2 or 3 product images for your Amazon Cyber Monday or Black Friday sales, upload at least six alternative photos to maximize the limit set by Amazon. 

Additionally, once you have chosen your main image, try to arrange the subsequent images in a logical manner. This means mimicking how a shopper will typically examine an actual product. 

To illustrate, most shoe brands upload a main image showcasing the principal front of the shoe. Then subsequent photos would either be the toe or back portion of the shoe, followed by the photos showing the bottom or top view of the shoe.

 

amazon-product-detail-page-screenshotAmazon.com: A screenshot (cropped) product page; Retrieved: Nov 19, 2021, From https://amzn.to/3nr1oOf

 

Furthermore, to avoid product image issues for your Black Friday and Cyber Monday sales, you should also observe these guidelines for listing photos on Amazon.  

Be More Active on Social Media 

With the entrance of social media into the digital landscape, sellers are given more opportunities to market their brand or product. With the Cyber Monday and Black Friday sales approaching, it would be very helpful to be more active on social media to increase brand awareness. 

From deals to bundles, you can start sharing what awaits customers when they visit your Amazon store. Take time to showcase a curated collection of your products to elevate brand awareness by harnessing the power of social media platforms like Facebook, Instagram, and even Twitter. 

Reading our separate article concerning the power of social media for improved store engagement can help you widen your horizon about Amazon social media campaigns. 

Deal With Negative Feedback 

Customer feedback is one of the factors considered by shoppers when purchasing an item online. Today’s shoppers are keen enough to check sellers’ service performance via customer comments and reviews.

For that matter, it would be best that recent negative reviews have been dealt with before Amazon Black Friday and Amazon Cyber Monday

To remove negative feedback, Amazon encourages sellers to contact the buyer and resolve their concerns. Afterward, you can ask the buyer to either remove or update the negative review. However, you should avoid pressuring a buyer to remove the negative review, as it is against Amazon regulations. 

Additionally, dealing with negative feedback likewise affects your chances of winning the Amazon Buy Box. The higher your feedback rating, the better the chances of winning the Buy Box. 

To access customer feedback, you need to login into your Amazon Seller Central account. Once logged in, look for Feedback under the Performance tab. 

 

seller-central-dashboard-feedback-screenshot

Amazon Seller Central: A screenshot (cropped) Amazon Dashboard Tabs; Retrieved: Nov 19, 2021, From https://amzn.to/3HJ9I47

 

Consider Offering Free Shipping

Although not mandatory for all Amazon sellers, it would be very beneficial to offer free shipping for Black Friday and Cyber Monday purchases. This will not only invite more Amazon shoppers to check your brand, but this will also decrease instances of cart abandonment during the holiday period. 

One of the reasons for eCommerce cart abandonment in the U.S. is the shipping cost. Implementing free shipping on some of the items you plan to include in your Black Friday and Cyber Monday sales can help decrease cart abandonment. 

Reexamine Products to Bundle

If you are planning to offer your usual product bundles during Black Friday and Cyber Monday, you should see that those products are still in demand as frequently bought together items.

Review past sales performance of item bundles so that you can make changes to your bundle offers appropriately. Consider consumer trends and demands when reexamining product bundles. 

Always Observe Competitive Pricing

On top of optimization, promotional offers, and customer service, you should always maintain a competitive product price. Whether it is Amazon Black Friday, Amazon Cyber Monday, or the Christmas season, consumers will always be attracted to a highly competitive price.

To establish and maintain competitive pricing, you can utilize Amazon repricing software to help you with your pricing strategy. Remember that pricing will always be one of the top buying factors Amazon shoppers consider, whether it is the holiday season or not. 

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