4.8 • 793 Ratings
🗓️ 19 June 2017
⏱️ 13 minutes
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0:00.0 | Hey, Fastlaners, good to see you. Thanks for hanging out with me. This is Ryan Daniel Moran. Welcome to the show. And I wanted to make a podcast for you today specifically to address the big news that everybody's talking about. And it is Amazon's purchase of Whole Foods markets. This caught me by surprise. I have become acquaintances with the CEO of Whole Foods due to his appearance at Freedom Fastlane Live 2016. |
0:27.5 | By the way, we made some announcements about our conference for this December. |
0:32.2 | We sent him out via email. You might want to check for that. There's some cool news in there. |
0:36.5 | So anyway, even with, obviously, |
0:39.1 | everybody at Whole Foods was tight-lipped. John Mackey wasn't going to tell me anything. And they didn't |
0:43.4 | tell anybody anything. So this caught the world by surprise. And I think it's an absolutely |
0:49.3 | brilliant move by both parties. And this means big changes and big opportunities, I think, for Amazon |
0:58.4 | sellers over the next couple of years. To really understand this, we have to go back a few years |
1:05.3 | and look at the e-commerce landscape and how it was affected by fulfilled by Amazon. |
1:11.7 | For you youngens out there that can't remember before 2012, |
1:18.2 | Amazon didn't have this thing called fulfilled by Amazon since their inception. |
1:23.4 | This two-day prime shipping and allowing all of these brand sellers like myself and our students |
1:30.5 | inside the tribe and our students inside the brand builder boot camp they didn't have these |
1:35.6 | opportunities to just take a product put it on the biggest marketplace in the world and have them |
1:41.8 | fulfill everything it was a, big shock to the system |
1:46.1 | when all of a sudden you could throw all of your product over at Amazon, have them fulfill it, |
1:52.2 | do all the packing and a lot of the customer service so that brand owners could just focus on |
1:58.3 | selling and marketing. That was a big shift. |
2:02.4 | All of a sudden, you could take a product that never existed before, |
2:06.3 | and instead of selling it through retail or trying to sell it through search engine optimization, |
2:13.4 | which was what most people did back then, you could take it straight to the retailer, which was |
2:19.0 | Amazon. You could put it right online and be in front of millions of customers. That was a game |
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