Top 10 Highlights from Amazon Accelerate 2022
Article by: Orca Pacific
The Amazon Accelerate 2022 conference was filled with new announcements and provided opportunities for sellers and Amazonians to connect.
Located right in Amazon’s backyard, the Media.Monks team attended the conference and came away with some key takeaways from the two-day event.
It’s no secret that Amazon continuously innovates to improve the shopping experience for sellers and shoppers alike. Still, the company recognized that merchants (otherwise known as sellers, brands, or retailers on the Amazon platform) are looking for ways to broaden their reach beyond the Amazon platform. Amazon has historically been reluctant to send shoppers anywhere besides its platform but has recognized the need for further growth and success.
Read on to learn more about the new expansions announced at Amazon Accelerate 2022.
top 10 key highlights from
Amazon Accelerate 2022 🛎
Hear from our monks –
“Amazon Accelerate highlighted some exciting new releases like Amazon Marketing Stream and Buy with Prime. The testimonies from the panelists of brands demonstrated how these tools solved some of their pain points and the results that were driven. Always impactful to hear real-life use cases from brands themselves.”
Associate Director of Advertising @ Media.Monks
Connect with Jackie on LinkedIn here!
“Tailored Audiences is a super exciting new release that will offer clients the ability to tap into customer review insights and connect with customer “audience” segments. This tool will harness powerful insights for both content and PDP integrity as well as product development. Also, lots of new innovation within the 3PL space demonstrates more opportunities for sellers to advance their business through competitive advantage within supply chain and fulfillment.”
Senior Director, Strategy & Ops @ Media.Monks
Connect with Heather on LinkedIn here!
Let’s get started 👇
1. Testing to Optimize
Manage Your Experiments allows sellers to run A/B Tests on individual product listing pages, comparing two versions of content against one another to identify the best performing version. Learn more about A/B Testing on Amazon here.
So what’s new?
In October 2022, Sellers will be able to utilize new capabilities for A/B testing to optimize product listings – including the ability to test bullet points and descriptions, which was not an option before.
Another addition to testing capabilities is the “experiment to significance” option, which allows Amazon to determine when the campaign ends (after accumulating statistically significant data). Rather than analyzing results from a specific timeframe, the “experiment to significance” option focuses on consumer interaction.
2. Tailored Audiences
A new capability within the Manage Your Customer Engagement tool was added to allow Amazon Sellers to increase their email marketing reach and build stronger relationships with shoppers.
Using the new “Tailored Audiences” tool, which is currently in beta but will be available to eligible sellers come 2023, Sellers can proactively send email marketing campaigns to shoppers to increase brand awareness, customer loyalty, and overall engagement.
Previously, shoppers had to follow the Brand Store to receive email campaigns from the brand. With the new additions, brands can now target three different audience types:
1️⃣ Repeat customers
2️⃣ Recent customers
3️⃣ High-spend customers
Put simply, when a shopper purchases on Amazon, they are automatically added to the Seller’s email list and categorized appropriately. This update will help Sellers build deeper relationships with repeat shoppers earlier, maintain current relationships, and potentially increase overall sales.
Want to learn more about Tailored Audiences? Check out Amazon’s blog.
Other Manage Your Customer Engagement updates:
➡ Since sellers on Amazon have expressed difficulty interpreting experiment results, Amazon rolled out a new feature that sends notifications during the MYE process if the new content versions do not lead to meaningful results.
➡ Sellers can authorize Seller Central to auto publish winning content to product detail pages if it is at least 66% better in November 2022
3. Buy with Prime – Marketing Expansion
In April 2022, Amazon announced a new way for brands to grow their DTC store through its Buy with Prime (BwP) program. This invite-only program is a way for brands to connect with their off Amazon audiences and provide them with Prime benefits.
So what’s new?
Amazon amplified this program by adding a new Buy with Prime page within the Brand Store to which Sellers can drive shoppers through Sponsored Brand ads. With the ability to customize the page, shoppers can preview products and complete their purchases on the brand’s DTC store.
Additionally, Amazon has offered to invest in co-branded BwP Facebook and Instagram ads with approved Sellers. Though this is an invitation-only beta opportunity, Amazon’s decision to fund and manage these ads shows the value and impact they believe BwP can have for Sellers.
Sellers can utilize a new BwP badge in product listings to show they offer Prime benefits on their DTC store, further enticing shoppers to purchase from the independently run DTC site.
Dive into the new Buy with Prime additions here.
4. Premium A+ Content
A new upgrade to the standard content management system (CMS), available to all brands worldwide, now supports larger modules on product pages. Modules include video, interactive features, image carousels, and Q&A.
5. Amazon Marketing Stream
While Amazon Marketing Stream was introduced as a beta program a few months ago, it wasn’t until now that this push-based marketing and metrics system can share data visualizations to improve a brand’s overall business performance. The provided heatmaps, callouts stack ranking, and more can be utilized to further optimize advertising copy; leading to sustainable growth on the Amazon platform.
🚨 Interested in how we help our clients utilize the Amazon Marketing Stream for long-term growth and success on the Amazon platform? Reach out here!
Why work with us?
Your brand will have a custom-built Amazon Marketing Stream dashboard that our team can utilize to access accurate data to implement intraday bidding strategies – further dialing our focus in on driving higher campaign efficiencies (i.e., ROAS, conversion rate, etc.). While this is something only our team can access, we’ll be sure to share findings with you to ensure we’re all on the same page.
6. Improved Seller Experience
A few notable updates from Amazon Accelerate that improves the experience for Amazon Sellers include:
- A newly consolidated FBA dashboard with a list of actions to grow sellers’ businesses, summarize shipments and defects, identify SKUs that need replenishment, and highlight any excess inventory/shipping needs – 4 Things You Can Do With The FBA Dashboard
- Account Health Assurance Program: this program prevents account deactivation with good ratings as long as sellers work with Amazon. To be eligible for this program, sellers must maintain high account health and have a valid emergency number on file
- Call Me Now Button: This button is available on the account dashboard for compliance-related issues handled by another Amazon team
- Customer Ask Alexa: This self-service tool lives on product pages to answer customer FAQs, though only available to select groups in October 2022 as an invite-only program before expanding to all eligible sellers in 2023. Learn more about Alexa’s capabilities here.
- Pricing Health tool: With the pricing health tool, sellers can now view competitive pricing and see if any offers are at risk of being delisted due to non-competitive pricing. In addition, updates to this tool now allow sellers to bulk update pricing.
7. Amazon Global Logistics (STAR)
It’s no surprise that Amazon strives to provide opportunities for sellers to grow their business, which is why they launched the Marketplace Product Guidance for selling internationally. Recently enhanced to provide selection recommendations by identifying high-demand products can increase the likelihood of success globally, with automated pricing across all Amazon stores.
The “List Once, Sell Globally” feature allows sellers to bulk upload products for global selling –
here’s how it works: ⤵
- Choose a template
- Select a product
- Select the marketplaces
- Generate template
- Fill in template
Behind the scenes:
Amazon will purchase your inventory and ship the products to the appropriate fulfillment centers. On the shopper’s end, products will still be listed as “shipped from and sold by Amazon.” With this, Sellers can leverage local fees rather than the cross-border remote fees.
We can expect new listing language choices and additional global management tools to apply fixes across all marketplaces.
8. Amazon Local Selling
Two new updates in the local selling category are BOPIS and Amazon Today.
- Buy Online Pick Up In-Store (BOPIS) is now available for sellers to utilize brick-and-mortar stores for local pickup, further connecting local sellers to shoppers.
- Amazon Today is geo-targeted to list your in-store inventory on Amazon and provides same-day delivery for shoppers.
9. Veeqo US Launch
Amazon announced the US launch of Veeqo, an inventory/shipping tool available to sellers at no cost. This multi-channel shipping software was built to help cut shipping costs while increasing the speed of fulfilling customer orders. Sellers can connect their sales channels (i.e., Amazon, eBay, Etsy, and Shopify) and access discounted shipping rates on UPS, USPS, DHL, and FedEx.
10. Seller Payment Services
Two new updates to improve the steps Amazon sellers must take to transfer their funds from Amazon into the sellers’ bank account.
- Amazon Seller Wallet: this digital wallet makes it easier for global sellers to hold, view, convert, and transfer store proceeds from their US store directly into their bank accounts, all within Seller Central. Dive into how Amazon made it easier for sellers to manage their funds.
- Express Payout: provides sellers with the convenience of moving and receiving funds within 24 hours instead of the usual 3-5 business days. Learn more here.
To wrap it up —
The eCommerce space has been rapidly growing and Amazon continues to lead the way with its commitment to improving both the seller and buyer’s shopping experience. In fact, Amazon went beyond providing better experiences for Sellers as the new tools can help to increase customer lifetime value.
There was a lot to unpack at Amazon Accelerate 2022, but our team is eager to explore these new rollouts with you! Let’s take your Amazon strategy to the next level 🚀
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or email an Amazon Ad specialist at email@example.com to game plan a winning strategy on the Amazon platform!