The Sellics Benchmarker Beta Report A Complete Guide
The Sellics Benchmarker [Beta] Report: A Complete Guide Download our DSP Deep-Dive (H1 2022) for insights from our latest data Read More x Get Started Get Started Amazon PPC
The Impact Driver Analysis will answer: Why did my Ad Sales increase/decrease?Which products caused a drop/increase in ACoS, ad sales?Where did my CPC increase over last month? The new “Impact Driver Analysis” enables you to see at a glance which products are contributing (positively and negatively) the most to your month-over-month performance changes for all their main KPIs incl. ad spend and ACoS. The feature is a new section in the Benchmarker. You can view 3 types of charts, namely WaterfallTreemapProduct table which will all analyze the “impact drivers”. These charts give quick intel on products that are the top winners and losers for each KPI.
In general, the Impact Driver Analysis section can help you identify top gainers and losers across all products.
The Waterfall Chart
The waterfall chart is designed to visualize the top 5 gainers and top 5 losers in a single chart. It will automatically pick the top 5 gainers and losers each.
Select the impact metrics you want to track. We recommend ACoS or ad sales for starters. What does ‘Others’ mean in the waterfall or treemap chart?
All edge cases, outliers, new products added, or effectively smaller impact products are currently added in the “other”.
It includes all factors which cannot be connected to a dedicated product Month-over-Month, mostly New products, Removed products, Products with 0’s in KPIs (e.g. 0 orders, no relative value live CvR available)
Additionally: The waterfall chart weights changed by Ad Spend, which is only an approximation for a waterfall chart for relative values. There will normally be a gap. The size of the bars of the products among each other with regards to impact is correct.
The Treemap
See in the treemap view which products had a positive (gainer) or negative (loser) impact for the selected KPI in the last month.
Seek out the largest rectangular values (or the largest collected group of rectangles) and look out for significant color variations.
The Table view
See in the table view which products had a positive (gainer) or negative (loser) impact for the selected KPI in the last month. The impact number represents the contribution the product had to the overall change you observed for this KPI in the last month.
How are gainers and losers defined? Any product with a positive customer outcome is a gainer. Any product with a negative customer outcome is a loser. Logic is similar across ACoS, CTR, Ad Sales, Ad spend, CPC. The Impact Driver Analysis is a premium feature of the Benchmarker and is available only to Sellics customers with Advisor or Managed Services plans. Get access inside Sellics or by signing up here. If you’re not a Sellics customer (yet), use the book a call button in the free version of the Benchmarker report to unlock your access to the Impact Driver Analysis insights over the phone. Important: because the Impact Driver Analysis requires month-over-month data, it is only available after your second Benchmarker report. Currently, the Impact Driver Analysis analyzes Sponsored Products.
Cost-per-Click (CPC)
If CPC is too high, you are overpaying, resulting in a bad ACoS. If it’s too low you’re missing sales.
– Optimize your bids
– Apply ready-to-use best-practice rule sets in Sellics to automatically optimize bids towards your goal (target ACoS).
– Learn more
Click-through-Rate (CTR)
If your CTR is too low, you’re reaching fewer customers than you could with your ads.
– Make your ad more appealing: compare product images between high and low performing products
– Make your targeting more relevant: Use Sellics’ keyword research tool and automatic keyword harvesting rules to identify new relevant targets and to increase your reach.
– Learn more
conversion-Rate (CVR)If your CVR is too low you’re losing potential customers on your product page resulting in missed sales.
– Improve the persuasiveness of your product listing.
– Use Sellics’ Listing Optimization feature to quickly identify weak spots in individual product content across your whole portfolio. Then craft converting listings with the Sellics listing creation tool (and streamline this process across your portfolio).
– Use the Sellics reviews tool to monitor and manage new questions and reviews for your products.
– Learn more
Advertising cost of sales (ACoS)If your ACoS is too high, your ads are not efficient, i.e. you make less profit or even lose money.
– If you improve your CPC, CTR, and CVR by implementing the solutions above— e.g., bidding automation, keyword harvesting, listing optimization, and review management—this will also improve your ACoS.
– Additionally, a very effective way to reduce your ACoS is applying the ready-to-use best-practice rules for negative keywords automation in Sellics. Negative keywords reduce your ad waste and thereby improve your profitability.
The Complete 2021 Guide to the Benchmarker
Save as PDF By Martin Saunders. Last updated on May 4th, 2021. Share The Benchmarker – Executive Summary Busy? Find a summary of the top 3 things to do with the benchmarker on 1 page here!What is the Benchmarker
The Benchmarker is a free, ground-breaking insights tool that allows advertisers to understand their Amazon PPC performance in context. The Benchmarker allows you to analyze and compare your ad performance on country, category, ad-format, and individual-product levels. The newest version of the tool includes ~20,000 Amazon product subcategories and an ASIN performance deep-dive for your top 100 products! By benchmarking, you can identify strengths and weaknesses relative to competitors and understand what you should focus on improving. In this complete guide, we will explain each section of the Benchmarker report so that you will be able to interpret and act on its data-driven insights.Looking for more Amazon PPC background data and insights
Whether you’re interested in a high-level analysis of Amazon Advertising, a detailed look at recent marketplace trends, or a deep dive into the nuances of specific product categories, our 2022 Amazon Advertising Benchmark Report can help you gain insight into the Amazon PPC landscape. The report is based on a comprehensive analysis of over 2 million Sponsored Products campaigns and you can download it for free today. Get the InsightsThe Summary Section
At the very top of your report you will find the following report parameters: the month the marketplace your overall scorelinks to share your performance certificate on social media. The month of performance data that has been analyzed in the report is shown in the bottom left corner of the summary section. The Benchmarker automatically analyzes your last month’s performance every 30 days. So, for example, if you receive your report on April 15, it will contain an analysis based on data from the entire month of March. Because you receive your report every 30 days, your next report will be generated on May 15, and it will contain an analysis based on data from the whole month of April. By clicking on the arrow buttons in the bottom left-hand corner of the summary section, you can navigate to older reports to compare your performance over time. Tip: if you’d like to change the date that you receive your report, simply request a new Benchmarker [Beta] report for the same marketplace and category on your preferred day—this will override your original request. The flag indicates the marketplace that the Benchmarker [Beta] is reporting on. If you would like a report for a different marketplace, you will need to request a new Benchmarker report. On the far-right side of the summary section is a badge that grades your overall performance versus your competitors, the badge levels are as follows: platinum: top 10%: high growth potentialgold: top 20%: high growth potentialsilver: top 50%: very high growth potentialbronze: bottom 50%: very high growth potential. If you are running more than one type of ad, each ad type makes up a proportional percentage of your score. So if 50% of your ad spend goes to Sponsored Products and 50% goes to Sponsored Brands, then each ad type will account for half of your overall score. For example, if your Sponsored Products performance is in the top 20% and your Sponsored Brands performance is in the top 40%—and both have a 50% investment share—then your overall account score will be in the top 30%. By clicking on the links beneath the “Share Certificate” section of your performance badge, you can generate a PPC performance certificate and share it with your personal and professional networks. To improve your score, implement the steps outlined in the Product Analysis section. The Benchmarker – Executive Summary Busy? Find a summary of the top 3 things to do with the benchmarker on 1 page here!Performance Funnel and Return on Investment
The next section provides a top-to-bottom review of your account performance, allowing you to easily visualize all of the metrics that go into your most important key performance indicators (KPIs). The right side of the graphic displays your return on investment. Tip: click the “SHOW BENCHMARKS” / “MONTH-OVER-MONTH CHANGES” button to compare your KPIs to benchmarks or your previous month’s performance in the summary box and performance funnel. Please find the explanations of the metrics in the following table. MetricDefinitionWhy It’s ImportantImpressionsThe number of people who see your ads.As long as your targeting is optimized, the more people to see your ad, the higher the chances that someone will buy your product.CTR (click-through rate)The percentage of people who clicked on your ad out of everyone who saw it (calculated as clicks ÷ impressions).A low CTR normally indicates either poor targeting (not relevant to the shopper) or poor image/video assets (i.e. bad quality).ClicksThe number of people who clicked on your ad.Clicks represent customer interest.CVR (conversion rate)The percentage of people who made a purchase out of everyone who clicked on your ad and visited your product detail page (calculated as orders ÷ clicks).This is an indicator of how persuasive your offer and product page are.OrdersThe number of times that a shopper has purchased your product.Orders create revenue.CPC (cost per click)What you pay per click—the true price of the ad auction. Your CPC depends on your bid, the competition, and your quality-score. Because the bid auctions are second-price auctions, where you pay $0.01 above what would be required to beat the bidder behind you, your CPC will always be lower than the actual bid.Your overall CPC will determine if your ads are profitable.AOV (average order value)The average revenue per order.The higher the average order value, the greater your overall revenue.Ad costsThe total ad investment (calculated as CPC × number of clicks).If your ad costs are too high compared to the revenue you generate, your ad campaigns will not be profitable.Ad salesThe total revenue driven by ads (calculated as orders × AOV).The absolute volume of revenue that is generated via ads.ACoS (advertising cost of sales)The percentage of every ad-generated revenue dollar that is spent on advertising. ACoS is calculated as ad costs ÷ ad sales.ACoS is an indicator of the efficiency of your Amazon advertising campaigns. The Benchmarker – Executive Summary Busy? Find a summary of the top 3 things to do with the benchmarker on 1 page here!The Impact Driver Analysis Section br
The Impact Driver Analysis section gives Benchmarker users a snapshot of the products with the highest impact (positive and negative) on the KPIs that matter most, such as ad sales, ACoS, CPC, etc. With the Impact Driver Analysis, Sellics customers can quickly identify top gainers and losers in their product category month-over-month. This analysis combined with quick decision-making is sure to be a recipe for advertising success.The Impact Driver Analysis will answer: Why did my Ad Sales increase/decrease?Which products caused a drop/increase in ACoS, ad sales?Where did my CPC increase over last month? The new “Impact Driver Analysis” enables you to see at a glance which products are contributing (positively and negatively) the most to your month-over-month performance changes for all their main KPIs incl. ad spend and ACoS. The feature is a new section in the Benchmarker. You can view 3 types of charts, namely WaterfallTreemapProduct table which will all analyze the “impact drivers”. These charts give quick intel on products that are the top winners and losers for each KPI.
In general, the Impact Driver Analysis section can help you identify top gainers and losers across all products.
The Waterfall Chart
The waterfall chart is designed to visualize the top 5 gainers and top 5 losers in a single chart. It will automatically pick the top 5 gainers and losers each.
Select the impact metrics you want to track. We recommend ACoS or ad sales for starters. What does ‘Others’ mean in the waterfall or treemap chart?
All edge cases, outliers, new products added, or effectively smaller impact products are currently added in the “other”.
It includes all factors which cannot be connected to a dedicated product Month-over-Month, mostly New products, Removed products, Products with 0’s in KPIs (e.g. 0 orders, no relative value live CvR available)
Additionally: The waterfall chart weights changed by Ad Spend, which is only an approximation for a waterfall chart for relative values. There will normally be a gap. The size of the bars of the products among each other with regards to impact is correct.
The Treemap
See in the treemap view which products had a positive (gainer) or negative (loser) impact for the selected KPI in the last month.
Seek out the largest rectangular values (or the largest collected group of rectangles) and look out for significant color variations.
The Table view
See in the table view which products had a positive (gainer) or negative (loser) impact for the selected KPI in the last month. The impact number represents the contribution the product had to the overall change you observed for this KPI in the last month.
How are gainers and losers defined? Any product with a positive customer outcome is a gainer. Any product with a negative customer outcome is a loser. Logic is similar across ACoS, CTR, Ad Sales, Ad spend, CPC. The Impact Driver Analysis is a premium feature of the Benchmarker and is available only to Sellics customers with Advisor or Managed Services plans. Get access inside Sellics or by signing up here. If you’re not a Sellics customer (yet), use the book a call button in the free version of the Benchmarker report to unlock your access to the Impact Driver Analysis insights over the phone. Important: because the Impact Driver Analysis requires month-over-month data, it is only available after your second Benchmarker report. Currently, the Impact Driver Analysis analyzes Sponsored Products.
The Performance Matrix Section
The Performance Matrix provides a visualization of your top 10 products by ad spend, giving you quick insight into which products performed well last month and which have room for improvement. The Performance Matrix plots ad sales variation against ad spend variation, in both cases this is expressed as a percentage compared with the previous month. As the matrix is divided into quadrants, you can instantly see which products have increasing or decreasing ad sales and ad spend. For example, any products in the top right quadrant have both increasing ad sales and increasing ad spend. In our example, this is products 1 (Door Mat) and 3 (Round Stool). The color-coding of the Performance Matrix’ sections is based on advertising profitability: Dark green: Ad sales have increased while ad spend has dropped—your ads are becoming much more profitable.Light green: Ad sales and ad spend have both either decreased or increased, but the trend for ad sales is better—your ads are becoming slightly more profitable.Light red: Ad sales and ad spend have both either decreased or increased, but the trend for ad sales is worse—your ads are becoming slightly less profitable.Dark red: Ad sales have decreased while ad spend has gone up—your ads are becoming much less profitable. In addition to the quick overview, the Performance Matrix also lets you analyze a specific product more closely, either by clicking the plus symbol in the left-hand list, or by hovering over the bubble for a detailed tooltip. Expanding the information in the list shows you the precise numbers (and variation) for ad spend and ad sales, and shows you how these have impacted that product’s ACoS. The tooltip goes a step further by including the metrics available in the other sections of the Benchmarker: conversion rate, cost per click, click-through rate and average order value. This helps you see in detail what has driven the changes in that product’s performance. In the example above, where we have expanded the performance information for the “Round Stool”, we can draw the following conclusions: The improved ad sales (+26.3%) have been helped by the 6.1% increase in conversion rate.The rise in ad spend (+43.8%) is largely driven by the 20.3% increase in CPC.As ad spend has risen more than ad sales, the ACoS has also gone up (by 13.7%), which is why this product appears in the light red section of the Performance Matrix. You can then see how these findings align with your strategy. If you have made optimizations to your product listing to improve your conversion rate, and bid more aggressively to drive ad sales, then the Performance Matrix shows you that this strategy has proven effective. Note: Because the Performance Matrix shows month-over-month trends, it is only available from your second Benchmarker report onwards. Currently, the Performance Matrix analyzes Sponsored Products.The Product Analysis Section
In the Product Analysis section, you can easily identify specific products whose ads are in need of optimization and then take steps to improve the KPIs for those products. Next to each KPI there is a circle that is either green, yellow, or red. These colors indicate where you stand in the performance distribution relative to your peers: green: you are in the top 40% = you’re doing wellyellow: you are in the middle 20% = there’s room for improvementred: you are in the bottom 40% = you’re doing poorly. When you hover over any of the KPI scores, a bar chart displaying the performance distribution with the same color coding will display. This allows you to see in more detail how much room for improvement there is and what are reasonable target values for your optimization efforts. The number beneath the yellow section of the bar chart is the median. In the example above, the subcategory median conversion rate (CVR) is 5.58%. That means 50% of the advertisers in this subcategory have a higher conversion rate and 50% have a lower conversion rate. Ideally, you should at least achieve this target value by optimizing your product and ads.The figure on the left end of the distribution (in this example 2.8%) means 20% of the advertisers in this subcategory have a lower value than 2.8%.Similarly, the figure on the right (in this example 11.6%) means 20% have a higher value than 11.6%.The conversion rate (CVR) for this product’s ads is 3.61%, meaning that it is in the lowest 40% of sellers in this subcategory—there is a lot of room for improvement.Summary How to improve your KPIs
To start optimizing, follow the steps outlined below: Use the “FILTERS” button above the far-right column to filter for products with a relevant (minimum) volume of ad spend. Click on any of the KPIs in the first row to easily sort scores to identify high-impact opportunities for optimization. Implement solutions outlined in the table below to improve your KPIs. KPIWHY IT’S IMPORTANTHOW YOU CAN IMPROVE WITH SELLICSCost-per-Click (CPC)
If CPC is too high, you are overpaying, resulting in a bad ACoS. If it’s too low you’re missing sales.
– Optimize your bids
– Apply ready-to-use best-practice rule sets in Sellics to automatically optimize bids towards your goal (target ACoS).
– Learn more
Click-through-Rate (CTR)
If your CTR is too low, you’re reaching fewer customers than you could with your ads.
– Make your ad more appealing: compare product images between high and low performing products
– Make your targeting more relevant: Use Sellics’ keyword research tool and automatic keyword harvesting rules to identify new relevant targets and to increase your reach.
– Learn more
conversion-Rate (CVR)If your CVR is too low you’re losing potential customers on your product page resulting in missed sales.
– Improve the persuasiveness of your product listing.
– Use Sellics’ Listing Optimization feature to quickly identify weak spots in individual product content across your whole portfolio. Then craft converting listings with the Sellics listing creation tool (and streamline this process across your portfolio).
– Use the Sellics reviews tool to monitor and manage new questions and reviews for your products.
– Learn more
Advertising cost of sales (ACoS)If your ACoS is too high, your ads are not efficient, i.e. you make less profit or even lose money.
– If you improve your CPC, CTR, and CVR by implementing the solutions above— e.g., bidding automation, keyword harvesting, listing optimization, and review management—this will also improve your ACoS.
– Additionally, a very effective way to reduce your ACoS is applying the ready-to-use best-practice rules for negative keywords automation in Sellics. Negative keywords reduce your ad waste and thereby improve your profitability.