A get-rich-quick scheme on Amazon

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Recode

Society & Culture, Science, Technology

4.6 • 1.3K Ratings

🗓️ 21 October 2020

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Hundreds of third-party sellers invested in a hit toy brand operated by a reputable business coach. Now they say they've been left holding the bag. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Today a get rich quick scheme on Amazon.
0:05.0	When you buy something on Amazon box with blue amazon packing tape it might come
0:10.3	on an Amazon box with blue amazon packing tape. It might have been sent on an Amazon box with blue Amazon packing tape.
0:13.6	It might have been sent from an Amazon fulfillment center.
0:16.5	But there's a good chance that what you ordered
0:18.6	wasn't supplied by Amazon.
0:21.3	That's because Amazon isn't just a retail company.
0:24.4	It's also a marketplace where anyone with something to sell can put up a posting and reach a huge
0:29.8	market.
0:30.8	Our brand is selling. market.
0:33.0	Our brand is selling like crazy online right now.
0:38.0	And that means there's a cottage industry of consultants and thought leaders
0:42.0	who claim that they can help you get rich.
0:44.7	Selling toys. That's the hottest category on the hottest e-commerce platform on the
0:52.0	planet guys and we're dominating and not only are we
0:56.1	excited to tell you how we did it but we're equally as excited if not more
1:00.4	excited about working with you to sell those products with us.
1:07.0	I'm here with Jason Del Rice, senior correspondent for Commerce here at Recode.
1:11.0	Jason, thanks for joining us.
1:12.0	Hey, Teddy. So Jason, thanks for joining us.
1:12.6	Hey, Teddy.
1:13.6	So Jason, who do we hear from in that clip and what is he talking about?
	...

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