Turbo-Charge Your Revenue!
You’ve probably already considered selling on Amazon but its way easier than you think.
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For Amazon sellers, Q4 is one of the most profitable seasons on the Amazon marketplace.
Sellers can increase Amazon sales and rake in more profit than the rest of the year put together.
Q4, which falls between October and December is Amazon's major cash cow and sellers are not left out.
According to statistics, Amazon sales jumped by 14% to $170.0 billion in the fourth quarter of 2023, compared with $149.2 billion in the fourth quarter of 2022. We also expect to see this type of success in 2024 and beyond.
However, while this period comes with much success, it also comes with a lot of hard work. Sellers must be prepared to handle the hustle and bustle of the holiday season. So how can you be prepared for success in Q4?
Read on as we go through tips to help you increase sales on Amazon in Q4. In addition, we’ve also highlighted some mistakes you need to avoid while selling on Amazon during Q4.
Here’s a list of some key sales events in the last quarter of the year:
This event is similar to Amazon’s Prime Day but typically happens in October, and kickstarts the Q4 shopping season. Amazon sellers can offer juicy discounts on a wide range of products, focusing on high-demand items and early holiday deals. This is targeted at Amazon Prime members.
This is typically the first holiday in Q4 with opportunities to sell costumes, decorations, and candy. It happens on October 31st and is targeted at shoppers looking for Halloween-related items or early holiday shopping.
Black Friday is one of the biggest shopping events of the year, kicking off the holiday season. Amazon sellers offer discounts across a wide range of product categories, from tech gadgets to fashion and home essentials. Consumers looking for electronics, toys, home goods, and more can shop for their favorite products at a discounted price.
Following Black Friday, this event focuses on online deals and is a key part of the holiday shopping spree. It is targeted at online shoppers searching for tech, fashion, and household deals. It focuses on products like electronics, gadgets, and online-exclusive offers.
The entire month of December is packed with gift-giving shoppers, looking to shop for Christmas gifts, decorations, and other holiday-themed items. The period between Christmas Day and New Year's Day often features significant sales events that Amazon sellers can take advantage of to increase sales exponentially.
Here are a few selling tips to get you on your way to a successful Q4.
Having everything from inventory management, storage, shipping, and other factors figured out can be challenging. However, you can work with historical data to make the process much more predictable and easy.
You can look at historical data from the previous year's sales using sales estimator software. This software will show you estimated sales data for the main keywords.
With Amazon Seller Central reports and third-party analytics software like Jungle Scout, you can look at data from two years back and calculate the sales volume increase in their Q4. You want to keep an eye on key metrics like sales trends, traffic patterns, conversion rates, and competitor activity. This will give you an estimate of what the present year's sales will look like. It will also help you identify seasonal trends and prepare for how much inventory is potentially needed.
With the Amazon marketplace constantly evolving, you want to keep yourself ahead with the latest market trends and expand your product line.
Carry out product research, study contemporary trends, and add new products to your listings. You can get ideas by looking at best sellers on Amazon.
Once you get new products, ensure they are well-optimized before Q4. You also want to make sure these new products have positive reviews before the holiday season begins. It should also have a sales history, and conversions, among other components.
Making even the smallest changes to your product listing could lead to a significant increase in sales.
When optimizing your product listing, it is important to identify products that need to be optimized. We recommend optimizing product listings that are already selling on Amazon. The idea is to invest more in top-performing products to ensure they perform better in Q4. Here are a few ways to make improvements to your product listings:
With increased competition in the Amazon marketplace, it becomes difficult for sellers to stand out. Thankfully, Amazon ads give sellers the opportunity to advertise their products on and off the platform.
To increase sales and grow revenue with Amazon in Q4, ensure your ads are up and running early. It generally takes time to collect data from your ad campaigns. However, once you start collecting data, you can easily optimize your keywords and ad budget. This is why it is important to start running your ads early.
Create ad campaigns and start promoting your products to reach a large number of people as quickly as possible. Optimize your campaigns by identifying non-converting keywords to reduce costs. To avoid overspending during Q4's busy days, establish clear daily budgets for your campaigns. Use automatic and manual bidding strategies to refine your targeting. Continually analyze your ad performance and make data-driven decisions to adjust your bids.
With demand at its peak, you need to keep an eye on your inventory. This is especially important if you sell with fulfillment by Amazon.
You will need to find out how much inventory you need to ensure you don't order too little or too much inventory. This will help you reduce costs and avoid losses.
As we mentioned earlier, this is where historical data comes in. You can use data from previous years to help you make a more informed decision on how much inventory you need. You don't want to run out of stock during one of the most lucrative periods as this could hurt your sales and ruin your chances of winning the Buy Box. You also don't want to have inventory collecting dust and incurring costs in the Amazon FBA warehouse. Ensure your best-selling items are in stock well before Q4 begins. You can invest in inventory management software to manage your inventory efficiently.
You can also invest in FBA to help ensure timely delivery, especially during busy periods. However, be aware of cut-off dates for sending inventory to Amazon’s fulfillment centers.
Building your brand is essential to protecting your customer base, especially on the Amazon platform, where you don't get direct access to customers.
Social media is one way to build your brand, attract new audiences, and drive traffic to your Amazon page. You can create and launch a social media strategy for Q4. Create content that lets your followers know what you are all about and keep your brand top of your mind.
Q4 comes with massive opportunities for sellers to increase Amazon sales but it can also get complicated.
As an Amazon seller, keep an open mind and be prepared for the unexpected.
You can set up other sales channels like your website and other online marketplaces like Walmart as a backup plan.
In a worst-case scenario, you can have a backup plan so you don't entirely lose out on sales.
Having your Amazon account shut down during Q4 sales is no laughing matter. It could take months to get it reinstated. To avoid this, keep an eye on your account health. Monitor metrics like Order Defect Rate (ODR), shipping performance, and customer feedback, among other metrics. You can do this by clicking on Performance > Account Health in your Seller Central account.
Q4 usually brings the most profit for sellers and making selling mistakes can particularly be costly during this period. Miscalculations could lead to a huge financial loss. Here are some mistakes you should avoid during Amazon Q4
Amazon Q4 is a wonderful opportunity to increase sales and grow revenue with Amazon. However, planning is fundamental to achieving success during Q4.
You can expect a surge of customers during the holiday season. With the tips above, we hope you can hit the ground running and boost your sales and revenue.
You’ve probably already considered selling on Amazon but its way easier than you think.
Call Us Now