Understanding keywords: Concepts and optimization tips Level: Intermediate 1. The basics: Keywords and match types 2. Sponsored Products: Keywords and reporting 3. Sponsored Brands: Keywords and reporting 4. Q&A session 2 Amazon Confidential | Agenda The basics: Keywords and match types 3 Amazon Confidential | What are keywords? 4 • Word combinations and phrases that are used to match your ads with search terms shoppers are using to find products • For both Sponsored Products and Sponsored Brands, your ad may appear when customers’ search terms are related to your keywords • Keywords are added to ad groups and apply to all products in that ad group Amazon Confidential | Keyword match types Broad: A search term may match if it contains all the keyword terms in any order Phrase: The search term must contain the exact phrase or sequence of words Exact: The search term must exactly match the keyword or sequence of words in order for the ad to show, and may also match close variations of the exact term Negative: Use negative keywords to exclude search terms. You can utilize negative phrase and exact match types. *Variants accepted: plural, accent, and symbols variations are accepted in all the match types, as well as some words like prepositions, conjunctions, and articles. 5 Amazon Confidential | Keyword match types Example bluetooth speaker Broad Phrase Exact ASIN advertised: Red portable speaker with bluetooth Example keyword: bluetooth speaker wireless bluetooth speaker bluetooth red speaker bluetooth and speakers 6 Amazon Confidential | How to find keywords Leverage Sponsored Products automatic campaigns: Learn which keywords perform from the search term report Be specific: Use keyword combinations that clearly define your products’ characteristics, materials, or benefits (i.e., instead of “white,” “wood,” ”chair,” use “wood chair” and “white chair”) Protect your brand: Include your brand name to help build brand awareness and defend top search spaces Go organic: Use the keywords that you added to your product detail page, as they will have relevance 7 Amazon Confidential | Three ways to add keywords in campaign manager Suggested 8 Amazon Confidential | Enter keywords Upload file Negative keywords How to add negative keywords 9 Amazon Confidential | How to add negative keywords in an existing campaign Sponsored Products: Keywords and reporting 10 Amazon Confidential | Sponsored Products Grow your sales on Amazon by reaching customers who are searching for products like yours and bringing shoppers to your product page Performance dashboard Key metrics • Suggested bid • Impressions • Click-through rate (CTR) • Advertising cost of sales (ACOS) Actions • Pause, archive, or enable keywords • Bid adjustment and suggested bid • Add new keywords or negative keywords 11 Amazon Confidential | Sponsored Products Performance dashboard 12 Amazon Confidential | Sponsored Products Reports Search term report • Actual search terms entered by customers that generated at least 1 click on your ad • Available for download from ‘Advertising reports’ Key things to look at: • Search terms • Impressions • CTR • ACOS 13 Amazon Confidential | Campaign optimization Search term report for Sponsored Products 1. Download the report at least every 2 weeks 2. Add new keywords in exact match 3. Add negative keywords in phrase and exact match 4. Pause keywords that don’t perform 5. Start with at least 25 keywords 14 Amazon Confidential | Sponsored Products campaign optimization Match type review and optimization 15 KEYWORD MATCH IMPRESSIONS CLICKS SPENT CPC SALES ACOS photo camera broad 100 20 $30.50 $0.30 $250.00 12.21% photo camera phrase 50 25 $35.50 $0.32 $310.00 11.46% photo camera exact 30 20 $69.70 $0.35 $850.00 8.21% KEYWORD MATCH IMPRESSIONS CLICKS SPENT CPC SALES ACOS compact camera broad 300 40 $40.00 $0.83 $100.00 40.00% compact camera phrase 210 83 $234.00 $0.88 $450.00 52.10% compact camera exact 160 110 $100 $0.91 $900.00 11.11% Amazon Confidential | When match types have healthy ACOS, keep them running! When a match type has a high ACOS, we reccommend pausing it Sponsored Products campaign optimization Adjust bids: Bid equal to CPC Use dynamic bidding to let Amazon adjust your bid in real time based on the likelihood of conversion If you have… Low impressions Moderate impressions, low ACOS, and high conversion rate Moderate impressions, high ACOS, and low conversion rate 16 Amazon Confidential | Then… Increase the bid, try dynamic bids – up and down Maintain the bid, try dynamic bids – up and down If the keyword is relevant to the campaign, decrease the bid and use dynamic bids – down only before pausing it altogether Sponsored Products campaign optimization Adjust bids: Bid greater than CPC 17 If you have… Then… High impressions, low ACOS, and high conversion rate Maintain the bid and use fixed bid High impressions, high ACOS, and low conversion rate If the keyword is relevant to the campaign, decrease the bid and use dynamic bids – down before pausing it altogether Low impressions, low ACOS, and high conversion rate Keyword used has low traffic on Amazon. Maintain the bid and use dynamic bids – up and down. Low impressions, high ACOS, and low conversion rate Keyword used is not relevant for the advertised product. Pause the keyword. Amazon Confidential | SCENARIO 1 Low impressions 1. Add more keywords 2. Use the 3 match types 3. Increase the bid 4. Review your bidding strategy 18 Amazon Confidential | SCENARIO 2 Low clicks 1. Add specific keywords from your category 2. If you only have broad match, add phrase and exact as well 3. Review your search term report to add more relevant keywords that are performing well 19 Amazon Confidential | SCENARIO 3 High ACOS 1. Pause keywords that don’t convert 2. Apply dynamic bids 3. Add search terms that have low ACOS in exact match type 4. Add negative keywords 20 Amazon Confidential | Sponsored Brands: Keywords and reporting 21 Amazon Confidential | Sponsored Brands Sponsored Brands are ads that feature your brand logo, a custom headline, and up to three of your products. Performance dashboard Metrics • Keyword win rate • Traffic potential • Impressions New-to-Brand metrics • New-to-brand orders • New-to-brand sales • % of sales for new-to-brand 22 Amazon Confidential | Sponsored Brands Performance dashboard auriculares blancos auriculares rojos 23 Amazon Confidential | Sponsored Brands Keyword tips 25 Include at least 25 keywords in your campaigns Use a mix of broad, phrase, and exact match types + Add a '+' symbol before a broad match keyword to ensure that word appears in every query Use branded and complementary product keywords Use negative keywords to ensure relevant clicks 24 Amazon Confidential | Thank you 25 Amazon Confidential |