The change in the landscape of advertising on Walmart is happening across the world and so will the Walmart advertising strategies. There is no doubt about the fact that Walmart is harnessing technology to grow. Walmart’s CEO McMillan in his keynote speech in 2021 underlined the need for business executives to continue to learn and apply in order to widen their viewpoints and improve their enterprises. He laid emphasis on how Walmart’s job is inextricably linked to technology.
To quote, “It’s very exciting, the way the company has changed our way of working to put technology to work, whether that’s the software of the way we use our data or, increasingly, the way we use robotics in our business,” he said.
He listed three technologies with which Walmart is experimenting:
Artificial intelligence (AI): Walmart believes that customizing experiences is the best way to save consumers time. Using AI to provide more accurate suggestions and adjustments will assist the organization in accomplishing this aim.
Big Data: Walmart is attempting to use data in order to improve customer interactions while keeping consumer faith in the brand.
Robotics: Walmart has automated several procedures in its stores and delivery hubs, and McMillon thinks that automation may assist increase inventory turns.
Adding more, Walmart will provide marketers with unprecedented chances to engage in-store consumers through digital media, including advertisements on self-checkout displays and on the walls of TV screens. Because these advertising will be handled at the shop level, they will consider factors such as whether a certain product is in stock at the time of ad distribution. This may help ensure that you are not wasting important advertising expenditures to pique the attention of customers who cannot make a purchase immediately.
Self-serve display advertising will be available later this year on Walmart Connect, a platform focused on increasing connections between brands and consumers at scale.
With Walmart combining its Walmart.com and Online Pickup & Delivery platforms, the potential for increasing online and in-store sales continue to grow.
Here is an updated guide on Walmart.com ads and how these display ads can work in the favor of your business increasing the ROI.
1. Search-In-Grid Results
Image Source: https://www.walmartconnect.com/sponsored-products
These are cost-per-click (CPC) advertisements that display on the first three pages of search results, directing visitors to relevant Walmart product detail pages. The advertiser sets budgets and bids and only pays when a user clicks on the advertising. Walmart.com advertisements are accessible for both manual and automated advertising campaigns. To qualify for search in-grid ad placement, the products you want to market must already appear organically inside the first 128 search result slots. The minimum expenditure for this ad type is $100 for the duration of the campaign, or $50 each day. Remember, this is not the amount you will spend, but the minimum that Walmart has specified will be put into the platform.
Carousel advertisements appear in a range of areas throughout Walmart.com, from the homepage to product detail pages, with manual and automated campaigns having varying levels of availability. Automatic campaigns support all carousel kinds; manual campaigns support just the search carousel.
Carousels can be important to the achievement of any Walmart advertising campaign, regardless of your objectives, which may include maintaining current exposure, capturing new consumers, or promoting new or seasonal products. Unlike search-in-grid advertising, the products you promote using Carousels do not have to be in the top 128 organic rankings.
3. Walmart Buy Box Banner
This is a highly sought-after, extremely competitive location that is reserved for automated campaigns only (not manual). The Buy Box appears on the product description page (PDP) for products that are a relevant alternative to the product consumers are watching or a complimentary product to the product shoppers are viewing.
4. Walmart Search Brand Amplifier
SBA (Search Brand Amplifier) is a trademarked collection of items that show at the top of search results for specified keywords. As with display packages, the Walmart Connect team manages this placement as well. This ad format offers a one-of-a-kind chance to increase brand recognition and undersanding of the breadth of your product portfolio. Brand Amplifier placements highlight your brand, customized headlines, and up to three unique SKUs above the returning search results. From SBAs, shoppers are sent to a manual shelf, search, or browse page, with the minimum bid now set at $1.00.
Looking forward to the future
As of 2022, Optiwise.ai is now the official partner of Walmart. With Optiwise.ai’s launch of our one-of-a-kind AI-based SAAS platform, we have put the seller’s success at the forefront of every choice we make—combined with our in-depth expertise, leveraged the power of AI to handle big data and understanding of Walmart’s advertising capabilities.