Why Amazon Advertising Matters in 2019
Where is the first place you go to research your next purchase? What about when you want a review of a product? What if you need something delivered to your house quickly?
If you answered "Amazon" to any of those questions, you are in good company. You are one of more than 300 million users that are using the site for both research and shopping on an annual basis. With that many people using the e-commerce website, you can only imagine how much data the platform has gathered. We see it in everything from their personalized search and product recommendations to the way they offer Prime member exclusives and 1-click ordering. They have revolutionized the online retail experience.
With this growing user base, advertisers are taking notice and transitioning into this highly profitable arena, Amazon Advertising, where they can target potential customers in ways not available on other platforms.
Kellogg’s chief revenue and e-commerce officer Monica McGurk said in a recent New York Times article, “We can reach the right consumer at the right time using their wealth of data to target. Other traditional digital platforms do not have the level of purchase data that Amazon has on their customers.” This sentiment is echoed throughout the advertising community as it is forecasted that advertisers have spent $4.6 billion on Amazon’s platform in 2018.