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Kim Komando Today

Inside Amazon: Data tracking, making money and how you can capitalize

Kim Komando Today

WestStar Multimedia Entertainment, Inc

News, Tech News, Technology

4.8770 Ratings

🗓️ 2 February 2021

⏱️ 39 minutes

🧾️ Download transcript

Summary

Amazon just had its most profitable year yet. Want to get in on the action? Third-party sellers made up around half of those sales. Find out how you can make money on Amazon, too. Kim takes a look at how the e-commerce giant uses the troves of data on what sells to craft its own product line. All that and more with guest Jason Boyce, author of "The Amazon Jungle: The Truth About Amazon, The Seller's Survival Guide for Thriving on the World's Most Perilous E-Commerce Marketplace." Jason has nearly 20 years of experience as a seller on Amazon and is the founder of Avenue7Media.

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Transcript

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0:00.0

Amazon.com. Wow. What started as an online bookstore just running out of a garage is now the world's

0:08.0

most powerful company. It has its cause in almost every big industry, finance, retail, manufacturing,

0:13.7

tech, even medicine. Yeah, last November, it launched Amazon Pharmacy. It's a brand new service that

0:20.1

it's offered home delivery for a

0:21.6

prescription medication. And Amazon's now trying to get all over the security industry. Have you ever

0:27.0

heard of sidewalk? Okay. If you have a ring camera or an Amazon Echo, you may have automatically

0:32.1

joined its sidewalk initiative. It's basically a mesh network that extends your Wi-Fi and Bluetooth connection range.

0:39.1

It turns your echo speakers and bring gadgets into bridge devices. So, for example, your internet

0:45.2

could be boosting the lights at the edge of your driveway. It's kind of like a smart neighborhood

0:49.5

where every household supports one another. It sounds great. You borrow bandwidth from your neighbors.

0:55.3

More households join this network, the bigger it gets.

0:58.0

Well, Amazon says that sidewalk users are protected by encryption, but, you know, the internet

1:03.7

of things is notorious for security issues.

1:06.8

Smart gadgets aren't that great when it comes to security.

1:10.1

And then a hacker only needs to break into one gadget to get into your entire home network.

1:15.0

So when all your tech is connected to a network, you can't even control.

1:18.6

Who knows what could happen?

1:20.6

Bottom line, Amazon is everywhere.

1:23.2

There's no escaping it.

1:24.5

I mean, here's the perfect example.

1:26.2

There are more Amazon Prime members than there are people in Russia.

1:31.8

Not a joke.

...

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