Recent E-commerce News & Updates: October 2023
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E-commerce News & Updates of October 2023: Amazon and Walmart

October 2023 brings exciting developments with Amazon and Walmart. In this blog post, we’ll explore the latest updates from these e-commerce platforms. From Amazon’s updated Vine program to Walmart’s rich media enhancements, these changes are set to impact both sellers and shoppers.

A quick view into the article:

  • Amazon’s New Vine Program Pricing
  • Amazon’s Product Detail Page Protection
  • Product Opportunity Explorer
  • Lower Cost Shipping from China to Amazon FBA
  • Brand Tailored Promotions
  • Walmart Pro Seller Badge
  • Walmart Below the Fold Content
  • Final Thoughts

Amazon’s New Vine Program Pricing

The latest Vine program pricing structure introduces three distinct pricing tiers and has created a buzz among both seasoned sellers and newcomers.

The first tier allows you to enroll up to 2 units per parent ASIN into the Vine program entirely for free. It’s an excellent option for those who are looking to dip their toes into the program without any upfront costs.

The second tier, priced at just $75, opens the doors to significant opportunities. With this tier, you can enroll up to 10 units per parent ASIN and receive up to 10 Vine reviews. It’s an attractive proposition for sellers who want to gather substantial reviews without breaking the bank.

Now, the third tier retains the structure of the previous Vine program, allowing you to enroll up to 30 units per parent ASIN at $200. This option is perfect for those sellers who have already experienced the benefits of Vine and are looking to maximize their reach.

The fresh pricing update, which went into effect on the 19th of October, has sparked curiosity and discussion in the Amazon seller community. If you’re new to Amazon Vine and are unsure about how it can benefit your e-commerce journey, consider checking out our blog posts on this program.

Amazon’s Product Detail Page Protection

Amazon’s recent move to extend product detail page protection to generic product listings has brought a significant change. Generic products, for starters, are those unbranded items that don’t fall under any specific brand. As a seller, if you create a new listing with the brand name “Generic” or its local translation, you’ll enjoy an exclusive level of control over any edits to the product detail page.

However, it’s essential to note that, in line with Amazon’s recent update, there are some limitations imposed on generic listings. These limitations primarily revolve around the ability to edit offers or copy products to different stores. Attempting to make such edits or add offers to another seller’s generic product can result in an error message.

From our experience as e-commerce experts, we’ve always leaned towards suggesting that sellers list under a brand. Creating brand value is pivotal in establishing trust and recognition among buyers, and it opens the door to various marketing and advertising opportunities. It’s a long-term strategy that pays off in many ways. For those who opt to list under “generic” without a brand, there’s no denying that the recent restrictions bring a level of complexity. While it might serve a specific niche, be aware that you could face difficulties and errors in the coming years. The decision to list under “generic” or establish a brand presence depends on your business goals and long-term vision.

Product Opportunity Explorer

The Product Opportunity Explorer is a game-changer for sellers looking to optimize their strategies. It offers valuable insights into how customers find your products based on search query performance. This data is gold for those seeking to understand customer shopping trends and preferences. But that’s not all; this tool goes beyond surface-level insights. It allows you to dive deep into your data, enabling you to analyze key metrics that can make or break your business. You can assess conversion rates, and out-of-stock rates, and even gain insights from customer reviews. 

The exciting part is that the Product Opportunity Explorer is getting an upgrade. Amazon is making it more user-friendly, ensuring that you can harness its full potential with ease. As you prepare to launch your next product, this tool becomes an invaluable asset. It provides real data and insights into customer behavior, giving you a strategic advantage in the marketplace.  The update promises an even smoother experience, making it a must-have for sellers looking to make an impact.

Lower Cost Shipping from China to Amazon FBA

Shipping products from China to Amazon’s FBA centers in the United States has often posed a challenge, particularly in terms of cost. However, Amazon’s latest update introduces a game-changing solution – the Seller Export and Delivery program. This program, operating as an Amazon Partnered Carrier, simplifies the entire shipping process. It covers everything, from customs clearances to door-to-door pickup and final delivery to FBA centers in the US. The result? Lower shipping costs and increased convenience.

While this update is great news for all sellers, it’s especially beneficial for newcomers to the e-commerce world. The potential cost savings make it an attractive choice for those just starting their journey in online retail. What’s more, the program is seamlessly integrated into Seller Central. By navigating to “partner carrier shipping from China to the US,” you can access all the necessary information and resources.

In the e-commerce industry, where efficient supply chain logistics are a cornerstone of success, Amazon’s Seller Export and Delivery program is a breath of fresh air. It not only saves you money but also valuable time. The result is a smoother and more cost-effective process for getting your products to FBA centers.

Brand Tailored Promotions

As the holiday season approaches, Amazon is rolling out a special incentive for sellers, and it’s a move that shouldn’t be underestimated. Black Friday and Cyber Monday are right around the corner, and Amazon is encouraging sellers to seize the moment with Brand Tailored Promotions. Running Brand Tailored Promotions during these key shopping events can have a significant impact. It not only draws attention to your products but also results in increased site traffic, which is a clear win for any seller.

The benefit doesn’t stop there. By enhancing your product’s visibility and driving more traffic, you’re setting the stage for a potential boost in your product’s ranking. This can translate into higher sales and more prominence in search results, creating a snowball effect that benefits your e-commerce business. The holidays are a critical period for e-commerce, and Amazon’s support through Brand Tailored Promotions is a powerful tool at your disposal. 

Walmart Pro Seller Badge

During the holiday season, a whopping 81% of Walmart shoppers actively seek out low prices. As an e-commerce seller, this presents a unique opportunity to align your offerings with these budget-conscious consumers and boost your sales. One effective way to do this is by implementing promo pricing, which can help you capture the attention of those budget-savvy shoppers. It’s a strategy that not only maximizes your sales but can also have a positive impact on your overall performance on Walmart’s platform.

Additionally, offering low prices during the holiday season increases your chances of earning the coveted “Pro Seller” badge on Walmart. While there are other eligibility criteria to meet, the badge itself is a testament to your dedication to quality and customer satisfaction.

What’s more, having the “Pro Seller” badge can be a game-changer for your Walmart business. It not only builds trust with shoppers but can also enhance your ranking and sales performance, ultimately contributing to your e-commerce success.

Walmart Below the Fold Content

Walmart is on a mission to elevate the shopping experience, and their latest move is turning heads. They’ve introduced rich media, an enhancement that draws parallels to Amazon’s A+ content, and it’s reshaping the way products are presented on their platform. Rich media is an exciting addition, bringing a host of fantastic features to the table. Think 360-Spin Images, videos, and more, all designed to captivate and engage shoppers. These elements add a dynamic and immersive dimension to product listings, making it easier for shoppers to envision your products in their lives.

But there’s more! Walmart has gone a step further by introducing “Below the Fold Content.” This feature allows you to connect with shoppers using eye-catching images, immersive videos, and interactive carousels, all positioned at the bottom half of your item’s page on Walmart.com. It’s a prime spot to leave a lasting impression and drive conversions.

If you’re a registered brand on Walmart Marketplace, you can harness the power of Below the Fold Content. To make it happen, you can partner with a third-party Connected Content Solution Provider. They’re the experts who can help you create or host premium content that will boost your product’s appeal and create a more engaging shopping experience for your customers. The addition of rich media and Below the Fold Content is a clear sign of Walmart’s commitment to enhancing your brand’s presence and offering shoppers a more immersive and informative shopping experience.

Final Thoughts

And that was all about the e-commerce news and updates of October 2023. The October 2023 updates from Amazon and Walmart promise new opportunities for sellers and shoppers. From revamped pricing to rich media enhancements, these changes are your keys to success. As we enter the holiday season, it’s time to implement these strategies and thrive in the competitive world of online retail.

If you have any queries, please let us know through the comment box or email us at info@ecomclips.com. We understand that every situation is different, so we offer a personalized approach to our service.

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