Amazon Is Winning the Product Search Derby… for Now
July 12, 2023
Note: This essay is the work of a real and still-alive dinobaby. No smart software involved, just a dumb humanoid.
Google cannot be happy about these numbers. We learn from a piece at Search Engine Land that now “50% of Product Searches Start on Amazon.” That is even worse for the competition than previously predicted. In fact, Google’s share of this market has slipped to less than a third at 31.5%. What’s Google’s solution to this click loss? Higher ad pricing? Or maybe an even higher ad-to-real content ratio?
The search racers are struggling to win traffic related to products. What has Amazon accomplished? Has Google’s vehicle lost power? What about Microsoft, a company whose engine is Bing-ing?
We also learn just 14% of respondents start their searches at retail or brand websites, while social media and review sites each capture a measly 2%. But that could change as Generation Z continues to age into independent shoppers. That group is the most likely to launch searches from social media. They are also most inclined to check online reviews. Reviews with photos are especially influential. Writer Danny Goodwin cites a recent Pew survey as he writes:
“Reviews and ratings can make or break a sale more than any other factor, including product price, free shipping, free returns and exchanges, and more. Overall, 77% of respondents said they specifically seek out websites with reviews – and this number was even higher for Gen Z (87%) and millennials (81%). Ratings without accompanying reviews are considered untrustworthy by 56% of survey respondents. Where people read reviews and ratings:
- Amazon: 94%
- Retail websites (e.g., Target, Wal-Mart): 91%
- Search engines: 70%
- Brand websites (the brand that manufactures the product: 68%
- Independent review sites: 40%
User-generated photos and videos gain value. Sixty percent of consumers looked at user-generated images or videos when learning about new products.
- 77% of respondents said they trust customer photos and videos.
- 53% said user-generated photos and videos from previous customers impacted their decision whether to purchase a product.”
So there you have it—if you have a product to market online, best encourage reviews. With pics, or it didn’t happen. Videos are a significant marketing factor. What happens if Zuck’s Threads pushes into product search, effectively linking text promotions with Instagram? And the Google? Let’s ask Bard?
Cynthia Murrell, July 12, 2023