Helium 10 Buzz 2/2/22: Sold by Amazon Shut Down, Walmart Cryptocurrency, Supply Chain Updates, & More!
Serious Sellers Podcast: Learn How To Sell On Amazon FBA & Walmart
Helium 10
4.9 • 604 Ratings
🗓️ 2 February 2022
⏱️ 16 minutes
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Summary
Transcript
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| 0:00.0 | Hello, everyone, and welcome to another episode of this week's Helium 10 Buzz. |
| 0:09.0 | My name is Carrie Miller, and this is the show where we get you familiar with the latest news |
| 0:13.6 | in the Amazon and e-commerce space. |
| 0:15.7 | We interview people in the industry that you need to hear from, and we provide a training |
| 0:19.5 | tip of the week that will give you serious strategies for serious sellers of any level in the industry that you need to hear from. And we provide a training tip of the week that will give you serious strategies for |
| 0:22.3 | serious sellers of any level in the Amazon, Walmart, and e-commerce world. |
| 0:27.0 | So let's see what's buzzing this week. |
| 0:30.6 | The first story that we have today has to do with Amazon's shares. |
| 0:35.1 | So Amazon shares jumped higher, sharply higher actually on Monday, and the move |
| 0:39.5 | was likely primarily driven by a bullish day in the overall stock market. Amazon has an earnings |
| 0:45.7 | report that's coming out this week. So some stock gains could represent bets from investors |
| 0:50.9 | and traders that are hoping for a really good report. The stock rose as much as |
| 0:55.3 | 4.4% and ended the day at 3.9%. The next big news is that sold by Amazon was actually |
| 1:02.6 | shut down after a Washington state investigation. So the SBA or sold by Amazon program was |
| 1:09.2 | started in 2018, |
| 1:14.6 | and the program supposedly was supposed to help third-party sellers to automatically adjust their prices in accordance with real-time competition and demand. |
| 1:20.9 | So basically, if a participating seller's product was priced at $20, |
| 1:24.9 | but Amazon's algorithms were showing that the same product was selling |
| 1:29.3 | for about $15 on other sites. Then Amazon would actually adjust the sales price to $15 to make it |
| 1:36.6 | competitive. And then the seller would actually get paid out a minimum gross proceed, which is an MGP. |
| 1:43.4 | And that was actually settled before they even started selling with Amazon. So they would say, which is an MGP. And that was actually settled before they even started selling with Amazon. |
| 1:46.9 | So they would say, this is my MGP, and that's what Amazon would pay out so that the seller |
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