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SAVAGE.
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Is there a Bidding Strategy we should adopt for the newly launched product?
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Hi Sylvester! I have recommended to go with up and down bidding strategy in start of newly launched products.
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Beginning with getting your product out there, rather than focusing on making a profit, is your goal. Start with dynamic bidding to get the sales and increase the visibility.
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Initially, you would want to stick to aggressive bidding so, it would be okay for you to utilize Dynamic (Up & Dow, or Down Only), this way you can drive more traffic on listing and data to your campaigns.
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Go with up & down bidding strategy for a newly launched product.
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Rather than focusing on making a profit, your first priority should be getting your product out there. Increase visibility and sales with dynamic bidding.
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Go for down only first and then change your strategy according to your product situation.
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For newly launched products you should start with the automatic campaigns first.
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Auto bidding: With auto bidding, Amazon’s algorithms will automatically adjust your bids based on the likelihood of a sale. This is the simplest bidding strategy and requires the least amount of effort on your part.
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Run auto campaign and select up and down bidding strategy for the newly Launched Product.
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Before you select bidding strategy, you must have a goal in your mind.
If you want to increase visibility, want to know the effective position where you can get orders. For a newly launched product dynamic bids up & down is a good bidding strategy.
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