#820: How scary are the latest Amazon fee and shipping changes? What's the good and bad news?
Silent Sales Machine Radio
Jim Cockrum
4.8 • 805 Ratings
🗓️ 18 April 2024
⏱️ 75 minutes
🧾️ Download transcript
Summary
A panel of leaders from our team got together to tackle these questions recently and we recorded the conversation. ALL Amazon resellers, bundle sellers and anyone who is considering selling on Amazon will benefit from hearing this discussion.
Overview:
A couple times per year for the past 20+ years we've seen both minor and major updates and changes come into play for sellers on Amazon, eBay etc.
Amazon has changed policy and fee structures recently so we dive into the details.
Right now there's a lot of discussion about the latest fee and shipping changes on Amazon for example. How concerned are serious sellers? How big of an impact will these changes have?
Topics covered among others:
Has the opportunity on Amazon changed? Is it harder now? If so, how much?
Are changes necessary in light of these changes?
How are these changes BENEFITING especially newer sellers?
What's the bottom line impact we are predicting as far as total impact sellers will see?
What solutions have already floated to address these changes?
Watch this epiosde on our YouTube channel: https://youtu.be/Pm2YNbxg-yU
This episode is sponsored by https://humnbird.com - They help sellers get established on Amazon (sell in the US from anywhere in the world), They specialize in everything from Intellectual Property, Trademarks, Patents, Corporation Setup to Branding, Design and Marketing. We recommend their affordable systems and solutions giving you everything you need for your wholesale and private label business even overseas!
Show note LINKS:
Khang's podcast episode 754
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https://sellercentral.amazon.com/new-seller-incentives/dashboard
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Hey, business building warrior, welcome to silent sales machine radio. I'm your host for the opening |
| 0:08.2 | segment. In a couple minutes, we're going to jump in and see a panel. There's going to be five of us, |
| 0:12.4 | if you're watching on YouTube, five of us on the screen. But if you're listening, that's, |
| 0:16.6 | that's perfectly fine. We're just going to go through a conversation on a popular topic right now |
| 0:20.7 | that actually is nothing new. I've been in e-commerce for well over 20 years at this point. It's been |
| 0:26.5 | the only income from my family of seven and I for that period of time. My wife has been able to stay |
| 0:33.1 | home, homeschool our kids. So the only income is the creative internet-based income streams that we've |
| 0:40.6 | become reliant on as a family. That's been our reality for two plus decades. And I can tell you, |
| 0:46.6 | there's not a lot new under the sun anymore for me. I've seen it all before. There's patterns to all of |
| 0:52.2 | this. Right now, the hot topic and a lot of the Facebook |
| 0:55.5 | groups and a lot of the support groups for Amazon sellers and in our 75,000 member Facebook |
| 1:00.7 | group, one of the hot topics is, well, Amazon just made some changes. What's this mean? Should I be |
| 1:06.9 | scared? Does this change the game? And I just got to tell you, as a guy who's got two plus decades here, this doesn't even raise my heart rate. It doesn't change anything. Nothing interesting or scary is even happening right now. It's not a big deal. And here's how I'm able to say that with such confidence. One, we've dove into the changes. |
| 1:27.8 | And really ultimately, as you hear a couple of our panelists today talk about, 20 cents a unit, |
| 1:32.7 | 40 cents a unit, something like that once all the dust settles. That's what we're talking about. |
| 1:37.0 | These are the changes. You know, a little bit of a policy shift, a little bit of a procedure shift, |
| 1:42.5 | I should say, and how you send your products into Amazon, |
| 1:45.5 | very minor stuff. It's creating a ton of opportunity, though, as we'll dive into on today's |
| 1:50.5 | episode as well. And here's just the life lesson. Anytime there's opposition, there's opportunity. |
| 1:56.3 | Anytime there's change, there's opportunity. If you've got the right mindset, that's just a |
| 2:00.0 | general side lesson. But let's talk very specifically about selling physical products online, which is |
| 2:06.3 | one of the most exciting business models that we teach on this podcast and in our community. |
... |
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