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By Markus Forst (More) • Last updated on October 27.11.2023, XNUMX • First published on 10.05.2013/XNUMX/XNUMX • So far 4823 readers, 1115 social media shares Likes & Reviews (5 / 5) • Read & write comments
The four classical instruments of the Marketing-Mix, the so-called four “P” for Product, Price, Place and Promotion, are several decades old, but by no means antiquated. However, these should be expanded and modified for the Amazon Marketplace, as shown in the figure below.
Excellence in the range of goods means on the one hand offering products suitable for Internet sales on the Amazon Marketplace. Potentially belong Article with a high brand value, e.g. through a high recognition value of your own Brand or through guarantees from a trustworthy party.
But also digital goods such as software and music, low-quality, standardized goods, such as office materials, books, etc., or regularly acquired goods such as consumables, cosmetics, etc., where a subscription to the article may be available for the recurring delivery belong to this group.
On the other hand, excellence in the range of goods also means offering products that customers offer a specific solution to the problem.
The marketing element "Promotion" aims at the holistic product presentation of the range of goods on Amazon. This is a prerequisite for the Online-Trade successfully to be able to deny.
It is also a value-adding distinction feature which contributes to the realization of profits within the transparent e-commerce environment. Especially at Amazon, a marketplace in which the product presentation has reached the highest level of standardization and is thus homogenous for the customer, it is essential to make the best use of the available possibilities in favor of the own product range.
The main focus in the Presentation should therefore be on the product title, which should always be search engine optimized. The offer should be rounded off by an excellent product presentation.
High-quality content, which best describes the product properties, as well as professional images that also allow detailed viewing using the zoom function, should be standard. Last but not least, product reviews are important. Recent studies have shown that an increasing number of online shoppers value the Opinions other customers.
Excellence in price also means participating in the competition for the Amazon® Buy-Box. The “buy box” is the best possible placement of a marketplace retailer on the Amazon® website, which is illustrated by the following figure.
In addition to good service with fast delivery and sufficient inventory, the prerequisites for getting this placement are above all the best selling price. In order to achieve the latter, software such as those offered by Starsellersworld.com or Sellermania.de can provide significant support. That Concept the “buy box” gives the (existing) online retailer better visibility for the customer and thus ensures a strong increase in sales.
For Peoplewho are considering starting a business in e-commerce have a certain affinity for Internet and EBusiness essential in order to be successful.
The eCommerce Industry is characterized by a high degree of dynamism, so that the founder is required to delve into the complex Welt of online trading and the existing one Background constantly expanding and updating.
Although the Amazon® Marketplace provides the founder with a proper help by providing the online merchant with an existing marketplace with functioning transactional processes, the Amazon® keyboard needs to be professionally mastered and also capable of supporting IT Peripherals with goods management systems or ERP systems specially adapted to online trading.
If the entrepreneur does not use Amazon®'s e-fulfillment program, the founder has also signed up for a efficient logistics to take care of.
The missing “P” in the 5P model of marketing for the Amazon® Marketplace is represented by “Processes”, ie the processes. In addition to the transaction process that is specified by Amazon® from order processing to payment processing, the (existential) online retailer make sure that the processes in which he is involved run smoothly.
Orders received must be confirmed on the Amazon® Seller Central platform within 48 hours, but preferably on the same day. The Customer will receive a shipping confirmation at this time. At the same time, the billing and debiting of the customer account takes place. The founder of a business must note that within e-commerce, a longer delivery time than 48 hours on working days from the time of ordering can lead to customer dissatisfaction.
Furthermore, when using the Amazon® Marketplace, the business founder must ensure that incoming customer inquiries must be answered within 24 hours, 365 days a year. The processing time for such buyer-Seller-Contacts are tracked by Amazon® and are included in the customer statistics, see the following figure.
In addition to the benchmarking of the response times, key figures, for example, which measure the rate of order deficits, are separated automatically according to various reasons, automatically recorded by Amazon®. If they do not agree with the Amazon® targets, the online retailer threatens the exclusion from the platform. If such an exclusion is made, this can no longer be healed or reversed.
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Markus Fost is the winner of the Vendor Award and works in business development as well as a consultant to the board at metabo. Markus Fost, BA cand. MBA, born in 1984, studied business administration at the HfWU Nürtingen-Geislingen. In his professional activity for well-known industrial companies and consulting companies, he was able to gain extensive experience in the e-commerce sector. Markus worked for Graupner GmbH & Co. KG for a total of nine years, most recently in 2009 - 2010 as Commercial Director / CFO. In 2009 he was given the Vendor Award Climber of the Year by Amazon.de as part of his work at Graupner GmbH and Co. KG. Markus Fost is currently working at the power tool manufacturer metabo in business development and as a consultant for the CEO and CFO. More information at www.all-ecommerce.de All texts by Markus Fost.
I really think you could look at this topic from other perspectives - where can you make suggestions for your own text contributions on your blog? +
Unfortunately, loyalty to the shop owner is no longer worth anything today: I can only be annoyed that I didn't take on a fairly lucrative business back then for reasons of loyalty to my company.
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