Many Amazon merchants find it difficult to build their brands, but it shouldn't be. I enjoy examining industry leaders like Nike, Wa...
Many Amazon
merchants find it difficult to build their brands, but it shouldn't be. I enjoy examining industry leaders like Nike,
Wayfair, and Coach. What features do all
of these share? Amazingly memorable
branding that is highly graphic. For
Nike, the swoosh is what motivates you to crush a workout.
For Wayfair,
it’s to know you are outfitting your home beautifully on a budget. And for Coach, stunning, luxurious purses
elevate your fashion game. Between their
respective imagery, how they write on their product listings, and their
advertising strategies, their brands are powerful and hard to forget.
Amazon
sellers should take their cues from these powerhouse companies and apply the
same principles to their own companies. Today, I’ll break down the power of
branding on Amazon and how sellers can take simple steps to deliver a specific,
focused brand to their customers.
What is
the mission statement for your company?
This
activity is quite challenging. Every brand owner needs to have a statement of
purpose that directs them. Although this mission statement can be seen by the
general public, it is often an internal document. It should direct all of your brand-related
decisions, from the items you choose to launch to the visuals and audio you
incorporate into your video productions.
If you were
in the outdoor industry, for instance, your mission statement might be
"Creating products that reignite the love for the great
outdoors." Your photography and
video production would be intensely focused on utilizing outdoor photos if you
had this mission statement.
With this, a
capable Amazon consultant can be useful. When picturing your product in the
vast outdoors, every element of your branding would inspire excitement. The
brand's goal statement would also stop you from introducing any new products
that don't align with it. Focusing on branding and making sure that potential
clients are purchasing from a business that shares their passion are what
really matter in this situation.
Building
a Faithful Following
The true
value of having a loyal following is seeing repeat business and seeing viral
traffic through social media shares. You need a lot more than just a random
product performing well on Amazon to do this. You must have A+ material
prepared, a clean and optimized Amazon store, stunning photos, and engaging
video content. A "tribe" should be developed around your brand, in a
sense. Once you've built a tribe, these clients will unavoidably rave about
your company on social media and tell their friends and relatives about your
goods.
This is
effective because it is free advertising.
The best "business proof" is a sizable following that is
raving about your goods and their excellence.
When it comes to holiday sale campaigns and obtaining a significant
number of evaluations in advance for new product launches, a devoted following
is also highly beneficial.
Out-branding
your rivals
You are
well-positioned to defeat your rivals and maintain your position as the leader
with a strong brand presence and a sizable repertoire. The top five sellers in
any category on Amazon will feature stunning imagery, engaging videos, and
compelling branding messaging. By
building your brand, you have the advantage over competitors on Amazon and will
go up to the top five positions rather quickly.
Many vendors post uninteresting images with no genuine value. Instead, concentrate on incorporating
branding call-outs into your images and describing how your product improves
the lives of the buyer more joyful. Text
typefaces and color schemes must be consistent for this. This level of branding is something that
Amazon customers want. It's up to you to
deliver it and watch your revenues soar.
Getting
Ready for an Exit
One of the
top five characteristics prospective buyers are searching for when considering
a business purchase is branding, according to the top e-commerce brokers in the
industry. A strong brand suggests a
devoted consumer base and brand awareness across all platforms, including
Amazon. A potential buyer prefers to see
this brand established so they may grow it with their team over time. Potential buyers don't want to put in the
time and effort necessary to launch and develop a brand. They purchase Amazon firms for this
reason. They seek out turnkey brands
that they can quickly extend.
Searches
for brands by consumers
The snowball
effect of people choosing to search using your brand name rather than the term
is one of the most remarkable things that happens over the life of a
brand. For instance, users can search
"Airways Radios" rather than "radios" to locate your
products more quickly. The buyer no
longer wants to bother purchasing from a new brand due to brand loyalty. They have faith in you, your offerings, and
your stated goals. Only if you have a
strong brand and reputation to support it can this occur. Another benefit is that since these sales are
organic, no additional PPC expenses are required to reach the customers. The brand and its sales have greatly
benefited.
Purchases
of Related Products
Once your
brand is well-known, people will invariably want to purchase further items from
you that are associated with other items from the same brand. Consider a mouse for a computer. Imagine you sold both high-end, intriguing-looking
mouse pads and cutting-edge, futuristic computer mice. Customers will be more likely to purchase
both of these products from you because these two products are a part of a
unified brand. This is really effective
since you are snatching up the customer for the sale of multiple products
rather than allowing them to purchase from other brands.
Since
numerous products are being delivered out in one Amazon box, you will save
money on pick-up and packing fees. In
addition to being very effective at increasing income for your company,
branding may help lower costs.
Higher
selling prices are a result of strong branding.
Because
Coach is a premium brand, they are noted for having premium prices. They have persuaded the customer that their
pricing really represent their upscale reputation. The same applies to building
your brand. It is futile to try to
outbid the cheapest sellers. Instead,
you can demand higher pricing and thus better margins by concentrating on
excellent branding and emphasizing the message of premium quality.
A higher
brand value also means that you will need to make sales much less
frequently. Any high-end brand you look
at will have one thing in common: they don't constantly bombard their clients
with deals or coupon codes. The
objective is to convince many buyers to purchase things at full price. Branding is crucial to achieving this.
Little
Steps
What should
you do now that you are aware of the influence of branding on Amazon? Choosing the mission statement for your brand
is the first baby step. Don't lose
patience if it takes several weeks. That
is entirely typical.
After you've
finalized your mission statement, carefully examine your product lines to see
if everything aligns with it. After
then, make sure to also filter through any fresh ideas. Do my photos and videos support the mission
of my brand? is another important question to ask yourself. If not, you should redesign your media
assets. Even though it may seem like a
lot of work now, it will pay off later on and help you build your brand's
reputation as an authority in your industry.
You won't be sorry.
Read More:
Updates on Amazon Advertising for August 2020
Seller Advice: How To Earn The Amazon Best Seller Badge
How to Effectively Bargain for a Vendor Agreement with Amazon
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