Stellar Search’s Post

The latest Amazon Advertising Report 2024 is out with some key takeaways for marketers: 💬 KEY QUOTE "Advertising only works if the ads are helpful to customers, and there's a lot of value in tailoring Sponsored Products so they are relevant to what a customer is actually searching for." - Amazon CFO Brian Olsavksy 🛍️ SHOPPER TARGETING & SALES ATTRIBUTION Amazon's ad services set them apart from competitors because: 1) they provide an audience of ready-to-buy shoppers, 2) right product, right person, 3) attribution tells advertisers which ads are driving sales, a key piece of the formula to determine RoAS. 📈 KEY STATS - 42% of consumers start their online product search on Google or another search engine - 36% of Amazon brands and sellers advertise their products on Google or another search engine - 72% of all conversions from Google ads directing to Amazon are new-to-brand-customers 💰 RoAS BY AD PRODUCT - RoAS for Amazon Sponsored Brands and Sponsored Products dropped year-on-year, while RoAS for Sponsored Display increased by 13% - Since 2019, RoAS Sponsored Products has dipped 21%, and RoAS for Sponsored Brands has decreased by 45% - Over the same period, however, RoAS for Sponsored Display has seen the biggest change - with an increase of nearly 70% Read more: https://lnkd.in/eryKFQF6 #amazonmarketing #digitalmarketing #performancemarketingagency #marketingagency #retailmarketing

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