[ Full Reveal ] 🚀 $50,000 Spend at 50% PPC ACOS Worth it? Hitting Top 10 Amazon FBA Gift Set | Summary and Q&A
TL;DR
Stephen Pope, founder of My Amazon Guy, shares his back-end sales numbers and discusses the challenges and strategies he used to grow his Amazon account.
Key Insights
- 🤕 Pope's revenue dip in March was caused by a ban on his top-selling product, illustrating the importance of diversifying product offerings.
- 🥺 Experimenting with different advertising strategies, such as audience targeting, can lead to both successful launches and significant flops.
- 📈 Benchmark reports can help sellers identify areas for improvement, understand market trends, and compare their performance against competitors.
- ✋ High ACoS can be acceptable in certain categories with high break-even points and the potential for organic traction.
- 🥅 While benchmark reports may not always align with personal metrics and goals, they still provide valuable data for assessing performance.
- 🥶 Sellics offers a free benchmark report that can be helpful for sellers looking to evaluate their advertising performance.
- 👾 Striking a balance between account growth and profitability is a common challenge for sellers in the e-commerce space.
Transcript
many amazon gurus talk a good game but not many amazon experts actually show you their back-end sales numbers my name is stephen pope and i'm the founder of my amazon guy i'm gonna show you how brutal my advertising looks right now and what i'm doing to grow my account let's dive in so this is the actual sales number for my account called mobster u... Read More
Questions & Answers
Q: What was the reason for the dip in revenue in March?
The dip in revenue was caused by a ban on Pope's top-selling wine glass, which affected his advertising spend and overall revenue.
Q: How did Pope overcome the challenges and boost his revenue figures?
Pope launched a successful mother's day kit, experimented with different advertising strategies, and focused on product launches to drive revenue growth.
Q: Why does Pope have a higher advertising cost of sale (ACoS) compared to others in his category?
In Pope's category, running a higher ACoS is more acceptable due to higher break-even points for items, which allows for organic traction and growth.
Q: How can benchmark reports help sellers analyze their performance?
Benchmark reports provide baselines to compare performance against competitors, identify areas for optimization, and gain insights into industry trends and benchmarks.
Summary & Key Takeaways
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Stephen Pope's revenue dipped in March due to a ban on his top-selling wine glass, leading to struggling advertising spend and revenue numbers.
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He launched a successful mother's day kit that boosted his revenue figures to $27,500 in a week.
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Pope emphasizes the importance of benchmark reports to compare performance against competitors and offers a free benchmark report from Sellics.