With Amazon Prime day shifted to fall learn what marketing and seller aspects are driving this move along with sliding through the current state of consumerism.
In light of the economic downturn, Amazon has decided to shift its annual Amazon Prime Day from its usual July date until October 13, 2020. This change comes after the impact of COVID-19 on the United States economy, as well as the global trade and distribution issues that developed after the first wave of the pandemic.
While this change initially seems like a hard blow to many distributors of online products, the new plan may in fact provide more opportunity to those who are prepared. Taking advantage of not just Prime Day, but also the now much closer holiday shopping season, FBA sellers are able to maximize summer sales without compromising on potential Prime Day income.
Why Move Prime Day?
Many FBA sellers saw a spike in sales during the COVID-19 panic-buying spree, causing listings to become out-of-stock or back-ordered for weeks at a time. This rush on services put Amazon in a bind, with many Prime users having to sacrifice their two-day shipping perks for less essential items. Knowing this, Amazon doesn’t want to repeat any logistical errors anytime soon.
Healthcare professionals and government leaders anticipate a second wave of the pandemic to peak during the fall of 2020. Should businesses and local economies close as they did in March again in August or September, many online stores will again become inundated with orders.
By pushing Prime Day to the fall, both Amazon and its sellers have more time to gather product, get it organized for shipping within warehouses, and make sure more in-demand items are listed to sell. Shifting the event date this year to later months allows for more shoppers to have funds available as they return to work, as well as for Amazon to have their warehouses ready.
Benefits of This Change
As a seller, there are several benefits to this date being pushed back. For starters, Amazon is already having summer sales throughout July, giving you opportunities to boost your sales and receive more reviews on products prior to Prime Day. Being in October this year, it also means many shoppers will be closer to their holiday shopping. Prime Day will still be nearly two months prior to Black Friday but seeing buying habits in advance can give insight into a better pricing strategy for end-of-the-year holiday sales.
More products are sold on Amazon Prime Day than on Black Friday and Cyber Monday combined, and each year, the total value of sales continues to climb.
If Prime Day is typically one of a store’s biggest sales events, consider how sellers can boost the traffic getting to item listings in the meantime. Are there additional SEO terms that could be added to product listings? What verbiage is in the best seller listing for a product category that could be mimicked?
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