Revealed: Could 11, 2022
Writer: Diana Gordon
2022 marks the fifth anniversary of Amazon Prime Day, Amazon’s annual gross sales occasion which was created to rejoice and reward Amazon Prime members on the corporate’s twentieth birthday. Within the years for the reason that first Prime Day, the occasion has grown considerably and is now extra of a Prime “week” than a “day.” We’ve compiled an inventory of key dos and don’ts for entrepreneurs to think about within the lead as much as the massive occasion to unlock essentially the most development and income this yr.
Do…mark your calendars now
Though Prime Day 2022 has but to be formally introduced, there may be a lot hypothesis round when the precise occasion will likely be held. Traditionally, Prime Day has been held on the second Tuesday or Wednesday in July. Two exceptions to this had been in 2020, when Prime Day was delayed till October as a result of Covid-19 pandemic, and 2021, when Prime Day was held sooner than common in June. The latter was a call doubtless made based mostly upon the promise of a standard 4th of July celebration in comparison with the earlier yr and the Summer season Olympics. If hypothesis seems to be true, Prime Day 2022 will very doubtless be held July 11-13 this yr.
Do…optimize your media campaigns for elevated development and demand
Yearly, Amazon declares record-breaking gross sales numbers on Prime Day. 2022 will virtually definitely comply with swimsuit. With this incremental development in thoughts, advertisers ought to discover alternatives by reviewing their high performing ASINs and making certain that bids and price range caps for sponsored search campaigns are adjusted to maximise share of voice on the high of the search web page.
Do…think about the complete buyer journey in your media planning
As Prime Day has cemented itself in our cultural occasion calendar, many consumers start their buy planning so far as two weeks upfront of the particular day. With this shopper conduct in thoughts, advertisers who use Amazon AAP and Sponsored Show campaigns can enhance day-of conversion numbers by selling their model and merchandise on Amazon upfront of Prime Day. They need to additionally make the most of Amazon’s proprietary shopper-based viewers knowledge to construct a remarketing listing of in-market and in-aisle buyers to maximise outcomes.
Don’t…neglect about your different retailers and clients
In actual fact, Prime Day is not only for Amazon anymore – rival retailers have gotten in on the motion as effectively. We anticipate that Walmart, Finest-Purchase, and presumably even House Depot will announce their very own financial savings occasions with the intention to compete with Amazon and maintain shopper loyalty. Think about this when planning any reductions or promotions throughout Prime Day. Should you supply unique gadgets with one retailer, that could be the perfect place to drive development throughout gross sales channels versus competing head-to-head with Amazon on worth.
Don’t…wait till the final minute to determine when you’ll take part
Setting a pricing technique or deciding to supply a promotion can usually be an concerned determination for a model. The identical holds true for entrepreneurs who need to take a look at new channels or techniques, and procrastinating will not be beneficial when interested by collaborating in Prime Day. Amazon Promoting has been exploring new media gross sales methods as demand for sponsorship and key advert placements throughout the occasion has grown. Usually, Amazon Promoting will launch its customized sponsorship packages in a primary insertion order race, and even in a silent public sale. Manufacturers ought to talk about their ambitions and their budgets effectively upfront and have inner alignment on technique to act as quickly as these media packages are made accessible.
Now that you’ve got some finest practices for Prime Day prep, it’s time to speak together with your company companions to make sure you have all of the assist you want in nailing this yr’s large occasion. Should you’re searching for assist or recommendation on this crucial channel, attain out and let’s discuss!