In this short video I wanna just run through an insight that I had with a client on their Game Plan call recently. We covered an issue that they’re having in terms of they couldn’t get consistent ranking and reviews on their listings. They seem to be completely in urgency when rankings drop or bad reviews come in…
This is an overlooked area which could be causing a lot if issues in your business if you’re struggling to get consistent ranking, reviews and sales.
This is what we call The Asset Optimisation System™.
Everybody’s different. Everybody does different things to maximize Buyability and Visibility. If you think about it, Buyability and Visibility are the main 2 things on Amazon. If your listing’s Buyable, it’s relevant, it converts and it’s what people are looking for and it’s targeted to the Avatars that are likely to buy your product.
It’s not hard to create listings which are Buyable. It’s not uncommon for people to have 30% or 40% conversion rates from a lot of their products. This is the easier thing to do. The second more difficult of the two is the Visibility piece.
At a high level, if you think what Amazon is, these are the two things it’s all about – Buyability and Visibility. When you get these two things right that’s where the cash comes in, that’s where your product is organically ranked and it’s visible in the ads that Amazon provide but which also drives sales and then organic ranking.
With that said, I want to show you this little menu. Think about it as a weekly menu you pull up in your business when you assess keyword positions of your listings. You see where you are currently with in all your relevant keywords for every listing. You go through a menu of and work out ‘Where are we at?’ in terms of buyability and visibility. This will make more sense if you see the video above…
You look at the listings. You look at the reviews. You could be tweaking the images. You look at the copy – Is there something you can tweak? What coupons can we add? Can we add clippable coupons?
You look at your ads, how can we get more from our ads? Is there anything we can do this week to optimize our keywords position by being more aggressive on certain keywords?
Is there anything we can do with our email list to market and promote our product to drive more sales and rankings?
Is there a price optimisation that we can figure out? So, we negotiate with our suppliers. Can we create terms with them so we can increase our cash flow?
Can we pump up our price? Maybe 0.50 Cents and see what happens? If you decrease expenses on your cost of goods by 0.50 Cents and you increase price by 0.50 Cents then that’s how we can see geometric growth. When we increase ranking (across as many relevant search terms as possible) and reviews that’s when great things start to happen.
Create your own menu based on what you do to drive increase visibility and buyability. How do you get reviews? How you rank products? How you optimize your listings and so forth. This system is Evergreen as long as you continue to update your menu with the latest strategies to drive visibility and buyability.
It’s just about putting them into a formalised system so it happens as a habit. Not as a reaction. Not just when it’s broken. Or when you realise that your sales have gone down in your Amazon Sales Dashboard and your Business reports.
You trace it back and you find one of your listings has been shut down or you see you have dropped Keywords from your high volume terms.
Instead of living in reaction where you’re only looking at it when it’s broken and it’s too late, you need to put it into a system that happens every week. You have a time in your calendar where you do this each and every week. You create the actions which need to happen from these to make your assets more Buyable and more Visible.
It’s ultimately about taking your menu that you’ve got and that you’ve used and having it as criteria that every week you look through. What needs to happen based on where we at?
Based on this listing right now what are the actions that need to be taken. Then, you put that into your action steps into your project manager software, like Asana, and you have your team go execute on these things or yourself.
If you’re doing all the operations then this is going to be harder to do. So your game is to outsource a lot of the operations (the things that you don’t need to be doing, those $5 task) so you can focus on this stuff. This stuff is where most people need to be residing especially in the startup phase as you bring more people on.
Higher level people can start taking on these things for you. This should be a big part of your focus because this what drives growth and sales consistently.
So, I hope that’s been helpful. I hope it makes sense. If you have some sort of system like this in your business then what would it do for your brand?
What would it do for your sales inside your business reports.
Would it be a lot higher growth than last year?
What do you think would happen?
Most people leave this to just reaction.
What I would love you to do is to figure out how you can put this into a system for your business so you can drive more rankings, more reviews, more sales and business growth. So you can build that momentum we all love to see on Amazon.
P.S. When you are ready, there are 4 more ways we can help you.
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