#177: Amazon causes a panic that's a CASH GRAB opportunity for you!
Silent Sales Machine Radio
Jim Cockrum
4.8 • 811 Ratings
🗓️ 1 April 2019
⏱️ 31 minutes
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| 0:00.0 | Hey, this is Jim. Welcome back. Silent Sales Machine Radio, another great episode for you. And just like always, any resources or links and materials that we suggest today, anything that comes up, you want the show notes. Just go to silent gem.com. That's the word silent. And then me, J--M. SilentGim.com. And you can get all the links you need. |
| 0:25.9 | That's a great way to share our show too, by the way. If you want to spread the word, we sure appreciate that. |
| 0:31.0 | Hey, there is some big news right now happening for Amazon sellers. Now, 99% of the population that's reading the articles related to this are thinking, |
| 0:43.0 | wow, that's bad news. |
| 0:44.0 | Wow, that's going to shake things up. |
| 0:45.4 | Wow, that's horrible for vendors. |
| 0:47.8 | For us, as sellers, for those of us who are confident and comfortable with selling on |
| 0:53.9 | Amazon, which is what |
| 0:55.6 | this show is about 90% of the time, how to sell stuff on Amazon, this is a huge opportunity |
| 1:02.5 | for us. And if you don't know what I'm talking about, of course, it's the, as I'm recording |
| 1:06.0 | this, we're in March 2019, mid-March. And there's just been an announcement made by Amazon that they are moving |
| 1:13.3 | away from buying directly from vendors. Well, what does that mean, Jim? I don't understand. |
| 1:21.2 | What do you mean buying? Well, for a very long time, you've probably heard stories pop up if you've |
| 1:26.9 | been selling on Amazon for a while |
| 1:28.2 | where you find a great product. Maybe you introduce it to the Amazon marketplace. You know, |
| 1:34.2 | it's some new dog leash product, let's say, and you discover, wow, this isn't on Amazon yet. |
| 1:40.2 | So you buy a bunch and you put it on Amazon and it's selling well and you're making a profit. |
| 1:43.6 | Then the next thing you know, Amazon itself seems to be looking at the data and saying, |
| 1:50.4 | hmm, that dog collar is selling really well. I think we'll go place an even bigger order and |
| 1:55.5 | compete with the third party seller community. Well, that's you and me, third party sellers. |
| 2:02.4 | Well, they're getting out of that game. They're dropping tens of thousands, if not more, vendors, and they're no longer |
| 2:10.2 | buying direct. See, Brett and I were in Seattle not too long ago, speaking with someone that I'm not |
... |
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