Placement | Impressions | Clicks | Cost Per Click | Spent | Sales | average cost | return | orders | percent budget |
Product pages | 56792 | 78 | $ 0.61 | $ 47.54 | $29.90 | $ 4.75 | 0.63 | 10 | |
Rest of search | 21624 | 34 | $ 0.65 | $ 22.10 | $23.92 | $ 2.76 | 1.08 | 8 | |
First page Top of Search | 2113 | 31 | $ 1.23 | $ 38.18 | $ - |
Until then, how do I avoid flushing so much money?
1. Product Pages Only
Well, Rest of Search has no knobs, but I can set the base bid at 10 cents, and after the ad is created, go to the last line of the "campaign settings" tab and increase bids for Product Pages only by 800%. In this way, I can ensure that no First impressions will be made and I can bid on my old keywords for Product Pages only for under 80 cents. I can then adjust the bid per keyword for this submarket.
The first day only cost me $1.66, but I haven't seen any purchases yet. After an initial burst of 2000 impressions, Amazon throttled the exposure to 3 impressions per hour, too low to get any clicks. I suspect after the first day, it favors campaigns that produce a profit.
2. Rest of Search
If I want Product Pages and *some* of the Rest submarket which as twice as lucrative, I could set my default bid to 65 cents (the average cost per click of that category) and only bid down. The max bid is half the average of the First page prices; however, on the first day of this test, the campaign somehow reset itself to "dynamic up and down" and generated three useless $1 "top" clicks to go with the 3 sales that the other categories earned. I set it back to "down only" and will retry. Of the 13 settings that you can change, Strategy is the only one that has its own off-screen Save button, so be careful.
Unfortunately, when you go "down only," even if you keep increasing the bid, it only gives access to Rest markets 10 percent of the time. It feels like I am being penalized for not giving Amazon free-rein with my budget. Indeed, in the five days after the change, I only got 2 clicks total. Up until the change, I would have expected 65 clicks for the same period. Since it takes an average of 6 clicks per sale last week, I sold nothing.
Unfortunately, when you go "down only," even if you keep increasing the bid, it only gives access to Rest markets 10 percent of the time. It feels like I am being penalized for not giving Amazon free-rein with my budget. Indeed, in the five days after the change, I only got 2 clicks total. Up until the change, I would have expected 65 clicks for the same period. Since it takes an average of 6 clicks per sale last week, I sold nothing.
Nice hack. I've heard from others about this recent change and how it is certainly not a good change for authors, but a splendid change for Amazon. Jim Kukral of the Sell More Book Show has been vocal about how these ad services are intentionally confusing so that the vast majority of authors end up spending more money than they need to. This move seems like a clear effort at just that.
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