Last updated on May 18th, 2023
Written by Ken Zhou
Is paying for tools and services always necessary to help you succeed on Amazon? This is a question sellers ask a lot. The answer is no. Or at least, not necessarily.
Amazon is well-known for its intelligent algorithms and nearly-unrivaled understanding of consumers' desires. This is why Amazon is the perfect resource for sellers seeking data to make better strategic marketing decisions. In recent years, Amazon has developed several features catering to its sellers' needs.
The following article examines how sellers can use tools and key features from Amazon Brand Analytics.
Amazon Brand Analytics is a feature that allows you to see valuable insights to make informed and strategic decisions about your products. In other words, the data provided will help you make smarter choices to gain more sales. The data includes information about search frequency rank, conversion share, customer shopping habits, popular search terms, customer search behavior, item comparison, and demographics.
The brand analytics feature is only available to sellers who have a brand, serve as an agent or representative, or have an active registered trademark. It will automatically appear in your Amazon Seller Central account once registered with the Amazon Brand Registry.
With this feature, you can monitor and measure the success rates of ongoing marketing strategies. The Amazon Brand Analytics tool is valuable for businesses as it provides comprehensive insights, considering your brand and information from other Amazon data sets.
Some of the more popular Amazon brand analytics reports are the following:
With information like this, sellers can make better-informed decisions in the right direction for the brand's success.
Next, we'll review the report categories to understand these resources further:
Through the Amazon Search Terms Report, you can discover how keywords rank overall in terms of volume and see the proportion of sales and clicks of the top three search phrases for every keyword received. These reports are specified into the following categories:
An Amazon seller may search for a particular term to see which goods Amazon shoppers click on after looking for that term. They may also learn which related keywords cause Amazon buyers to click on a specific product.
Market basket analysis allows businesses to gain insights into customer buying behaviors, understand cross-purchasing patterns, and uncover relationships between different products or categories. This information can be leveraged to optimize product recommendations, improve inventory management, enhance pricing strategies, and streamline procurement processes.
This report is essential for learning about customer purchase habits and tailoring marketing campaigns accordingly. The report includes information on:
This information can help you create Sponsored Product Ad Campaigns. If the items purchased are connected with your pay-per-click campaigns, a section showing the customers who bought the item will be visible.
This report presents the five products with the most views in the previous 24 hours. Sellers may use the data to leverage competitor strategies and develop better advertising and product selections. The report includes information on the following:
The Repeat Purchase Behavior Report is an Amazon Brand Analytics tool that provides detailed information on customer purchase behavior for a particular product or brand on Amazon. It allows brand owners and sellers to analyze their customers' purchasing habits and identify opportunities to increase repeat customers and develop customer loyalty.
The report includes several key metrics related to repeat purchase behavior, including the Repeat Purchase Percentage, which shows the percentage of customers who have purchased a product from a brand more than once within a given period.
The report also includes metrics related to customer lifetime value, such as the Average Order Value and Average Time Between Orders, which can help brands identify their most valuable customers.
The Amazon Demographics report analyzes data from Amazon to provide a detailed look at your target audience. You may use the report's data to optimize your off-Amazon marketing or enhance product pages to match your target demographic.
This report addresses crucial metrics such as:
These demographic reports empower businesses to make data-driven decisions, refine their marketing efforts, develop targeted products and services, and better understand their customers. By leveraging demographic insights, businesses can enhance their competitiveness, customer engagement, and long-term growth prospects.
With Amazon Brand Analytics, it's become much easier to increase product sales on the platform. The analytics tool provides valuable insights for Amazon sellers and marketers to measure the performance of brand owners' listed products on Amazon.
Take advantage of the free Amazon brand analytics to boost your business.
If you want to access Amazon brand analytics, here are the necessary steps you need to take.
Establishing the foundation of your brand is one of the most valuable things you can do to propel the success of your ecommerce business on Amazon. Ecommerce selling can be a tricky game, and Amazon is no exception.
With the proper metrics and reporting tools, your opportunity for sales can improve, as will your expenditures (considering the rise of competition). Comparing the efficacy of multiple marketing channels may be difficult, especially when the data is siloed in different reporting platforms with no way to display it. Amazon Brand Analytics is a tool that allows you to examine your brand thoroughly to understand customer purchasing habits.
At Seller Interactive, we help brands understand how to make strategic decisions based on brand analytic reporting. Our experts translate data into actionable strategies that will help you make critical marketing decisions.
Book a call with us and set your brand up for business success.
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