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Joe Shelerud

Digital Advertising | Data Enthusiast | CEO at Ad Advance

Joe Shelerud is a data enthusiast with a background in engineering and a passion for entrepreneurship. His journey with Amazon began in 2014 through selling molecular model kits, which led him to explore the potential of Amazon Ads. Teaming up with his colleague, Matt Wiklund, they founded Ad Advance in 2017 to focus on developing tools for Amazon Ads management. The company has since flourished, offering services for Amazon Sponsored Ads, Amazon DSP, Walmart Connect, and Google ads, catering to various businesses beyond just Amazon sellers. With a team of expert relationship managers, Ad Advance prioritizes client-centric software development and data-driven strategies. Joe holds a Master's in Business Administration with a focus on Finance from the University of Minnesota - Carlson School of Management, and a Bachelor's in Chemical Engineering from the same university. Prior to his entrepreneurial endeavors, Joe served in various roles at Enbridge, Flint Hills Resources, and UPM-Kymmene, showcasing a diverse professional background in project management, operations engineering, business development, and internships in optimization and production.

Highlights

Jul 3 · linkedin

Let’s not forget - Amazon isn’t the only retailer with a shopping event coming up.

Walmart snuck in a week ahead of Amazon with Walmart Deals, running July 8 – July 11.

How do Prime Day and Walmart Deals compare?

The events differ a bit for consumers. Prime Day is an exclusive event for Prime Members while Walmart Deals is available to all customers (though Walmart+ members get early access). Prime Day is two days, Walmart Deals is four.

For advertisers, however, the prep and day-of strategy will likely look fairly similar.

If you advertise on Walmart and are participating in Walmart Deals, here are a few tips to keep in mind:

✅ Ensure your products are retail ready – i.e. in stock and winning the buy box ✅ Double check to make sure you are opted into “Out of Budget” notifications ✅ Expect an increase in traffic, clicks, etc. ➡ According to Walmart Connect’s website, 70% of Walmart customers surveyed said savings from retail deal events are important to them ✅ That increase in traffic doesn’t always translate to an equal increase in conversion rate – keep this in mind when making bid adjustments ✅ Increase bid multipliers across high-vis placements, especially Search In-Grid ✅ Monitor, monitor, and monitor the day-off and add incremental budget where needed

And with several major shopping events on the horizon, we now head into some of the quietest days in ecommerce… Hope everyone has a happy and safe Fourth of July weekend!

Jun 27 · linkedin

Deal or No Deal?

That’s the question for many brands when planning months out from a big shopping event like Prime Day.

For some brands, it is a hard no. They will not entertain deals or promotions. They have their reasons (brand reputation, margins, etc.) – but deals are among the strongest levers on major events days.

Amazon dropped their 2024 Prime Day dates this week. If you’re a brand, you already decided months ago whether or not you’d have a Prime Day promotion. But to get a better idea of the impact you can expect, let’s look back at Prime Day 2023 and review the data – Deal vs. No Deal.

Historically, brands that choose to run promos have considerably better metrics than those that choose to not run deals. While this remained true for PD 2023, brands that didn’t run deals had better than typical results.

▶ Brands with deals: 100% had a sales increase, with a 238% (3.4x) increase in sales over average. 82% had significant conversion rate favorability, helping to offset the increase in cost per click. About 50% had ACoS favorability, netting 11% overall favorable change vs average.

▶ Brands without deals: 91% had a sales increase, averaging a 67% overall increase over average. Only 6% had ACoS favorability, largely due to lower conversion rates up against competitor deals, though overall average % change was relatively low @ 11% (e.g. 30% to 33%).

For those who have margin available or want to capture more NTB sales, a Prime Day promotion makes sense. What do you think – deal or no deal?

Joe Shelerud
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Location

Duluth, Minnesota, United States