Amazon product display ads have several benefits, but there are also some drawbacks. These ads rely on Amazon’s algorithm and lack the ability to be customized, so they are often not as attention-grabbing as they should be. If you want to use Amazon product display ads to sell your products, you can take a course on Amazon’s site to learn more about the service.
Amazon Sponsored Product display ads are easy to set up and manage, and they pay you on a cost-per-click basis – you only pay when a visitor clicks on your ad. These ads appear on both desktop and mobile, and they include product targeting options for advertisers. Product targeting is a great way to get your brand in front of customers who are likely to make a purchase.
Amazon’s product targeting options allow you to choose a specific audience based on product categories and keywords. This allows you to set a more flexible bidding strategy. You can choose to target shoppers who have viewed similar products within a category or browse nodes within the past 30 days. By using this type of audience, you can increase your bid if you think you’re likely to convert to a customer, and reduce it if you think the audience is unlikely to convert.
Product targeting allows you to select products similar to your own, and you can also target competitors. By targeting competitors with similar products, you can attract customers who might make a purchase. You can also choose a product that will appear on the same page as a competitor’s listing. You can also lower your product price to compete with your competitors, which can entice customers to choose your listing over their competitor’s.
Product display ads on Amazon have ASIN targeting options. By using this type of targeting, Amazon will suggest similar products based on the ASINs you enter. These options are ideal for cross-selling and upselling. You can also upload a list of ASINs that you want to target with your ad campaign. You can then refine your search by clicking on the refine button.
Bidding optimization models
Amazon product display ads benefit from bidding optimization modeling, which is based on estimated views, rather than clicks. This approach helps advertisers serve their ads to relevant audiences and optimize against frequency.
This method also improves the post-view engagement of ads. The key to this strategy is to set a minimum and maximum bid, which depends on the audience segment, supply sources, and budget. Once you have set your budget, allocate it to the best performing lines and creatives. Likewise, you should limit the number of times that a unique user can see your ad.
Amazon uses a bidding structure that follows Second-Price Auction rules. This means that the highest bidder will pay $0.01 more per click than the second highest bidder. Amazon advertisers build a list of product targets and keywords, and then submit a bid to the target level. The bid represents the maximum amount the seller is willing to pay for a click on an ad. Bids must be changed when any of the key inputs change significantly.
Bidding optimization models allow Amazon to increase bids based on the likelihood that a customer will convert from a product. This ensures that sellers are not spending money on ads that are unlikely to convert. Dynamic bidding models can be set up with a few clicks and can help sellers maximize sales.
Additional on-site real estate
Amazon product display ads provide additional on-site real estate to sellers and allow them to be more creative in their ad creation. They can include a logo, write their own headline, and place their ads in many different locations on Amazon. These ads can be displayed on the product detail page, on the right-hand side of the search results, at the bottom of the results page, on customer review pages, and even in Amazon’s marketing emails.