With 125 million Prime members, selling on Amazon is a tempting opportunity. But we’ve seen how Amazon can easily undercut its own sellers - preventing them from actually making a sale.
So if you’re an ecommerce brand making $10M a year, will selling on Amazon be good for your business? Today, Dr. Robin Gaster, author of the book Behemoth: Amazon Rising, talks about his book to lend us some insights about this platform giant.
Before you decide to put up your store on Amazon, listen to this eye-opening episode here.
[01:08] Can an ecommerce brand avoid using Amazon?
[04:35] The problem with selling on Amazon
[06:13] Amazon will compete against you
[12:10] Is Amazon evil?
[15:56] The algorithm just follows the rules, but there is no digital regulator
[20:51] Why Amazon is losing $40B annually on retail
[25:23] Will they stay in retail?
[29:10] How brands can make Amazon work for them
[30:54] Get customers to know your brand
[36:12] Have a lot of touchpoints
A visiting scholar at George Washington University Institute for Public Policy, Dr. Robin Gaster is also the President at Incumetrics, a consulting company focused on measuring, evaluating, and assessing innovation, and on developing policy for companies, nonprofits, regions, and national governments. Dr. Gaster is the author of recently published book, Behemoth: Amazon Rising ↗.