Episode 63: News On Amazon | The Explosive Growth Of This Year

Today I start off by discussing how important it is to educate yourself and that the purpose of this podcast is to help you learn and be prepared for your own business. I discuss what’s going on right now in our economy. Amazon fulfillment centers are overflowing and products are getting restrictions on what we can send in to Amazon. I talk about how much the centers have grown this year versus how much they have grown in the past. I talk over what you should be doing right now to react to this explosion of growth. I give advice on some things you should be doing, such as checking on your inventory frequently so that you don’t forget what you have and miss opportunities to sell. I discuss the pandemic and that it isn’t going to go away soon, but we at least have a few more months, meaning Amazon likely will continue to grow and E-commerce will continue to do really well. I talk about the buy box and how things have been changing in favor of larger companies. I bring up the issue of how much power Amazon has gained and equality in the marketplace. <br /><br />Recap of how we got where we are with restrictions 2:12<br />What you should be doing to react to the explosive growth of Amazon 5:12<br />Larger sellers with larger feedback scores get more of the buy box 10:15<br />Equal marketplace and the congressional hearing 12:10<br /><br />“Understand that Amazon this last year has opened up 50% more fulfillment center space in just a year, and it’s already filled it up. I don’t know if that rings a bell to you, because it should. We’re talking about the best logistics network in the world grew by 50% percent in a single year.” 3:58<br /><br />Social<br /><a href="https://www.instagram.com/smartestseller/" rel="noopener">https://www.instagram.com/smartestseller/</a><br /><a href="https://www.buyboxer.com/" rel="noopener">https://www.buyboxer.com/</a><br /><br />Send Scott an Email: <a href="mailto:scottneedham@buyboxer.com">scottneedham@buyboxer.com</a>