In this episode of the External Traffic For Amazon Sellers Podcast I’m going to share a fundamental concept with you and a framework for thinking about traffic, it’s cost and profitability for your Amazon Listings.
The structure of the 3 pillars was originally conceived on the basis of Paid Advertising Traffic.
However today I’m going to add another layer to the thinking, especially for Amazon Sellers, answering tough questions lilke;
- Can Amazon Sellers profitably use the 3 Pillars of Profitability structure for their traffic?
- What impact could a lack of customer data, as is the case when selling on Amazon have on the 3 Pillars Concept?
- How can Amazon sellers find a competitive advantage with the 3 Pillars Structure but by thinking outside of the paid advertising box?
Tune in, subscribe and enjoy as we start building up the fundamental knowledge that’s required to master external traffic for Amazon.
What Are The 3 Pillars Of Profitability?
Ezra Firestone articulates how you should structure paid Advertising in your business and your mind to achieve true profitability and scalability. It’s what Ezra refers to as the 3 Pillars of Profitability.
The 3 pillars are:
- Awareness & Acquisition
Awareness & Acquisition
The awareness pillar is classic “interruption marketing”.
Ads are put in front of an audience that’s defined by a set of criteria unrelated to their interaction with your brand. i.e. like using demographics in Facebook Ads to target your advertising.
Retargeting, as the name suggests is about re-introducing your brand to an audience who have already interacted with your brands’ advertising within the Awareness and Acquisition pillar.
This is essentially setting up ads to display based on BEHAVIOURS and not demographics data.
This is another form of retargeting, but this time involves many forms of marketing to existing customers. Utilising the data you have accumulated on each customer, you can design hyper-targeted campaigns with an audience of 1 (in theory).