Tag Archives: Business

Amazon Inside Out: Taxes, Car Parking, Beans and Turkey

Chris McCabe casts a critical eye over Amazon stories that have been making the news recently, from the price of beans to an international tax controversy.

This post is by Chris McCabe, a former Amazonian and founder of ecommerceChris.com. ecommerceChris shows Amazon sellers how to keep their accounts healthy, or, if the worst should happen, how to get their account back from a suspension.

Amazon’s owes $294 million in taxes, says the EU, due to an improper deal with Luxembourg. Will the many U.S. states and cities vying for Amazon’s second headquarters offer similar deals?

Meanwhile, the MTC is holding an emergency meeting to discuss extending the deadline for the online sellers sales tax amnesty. Anyone can dial in.

The Whole Foods obsession extends to counting the number of cars in their parking lots, using satellite imagery. Amazon elbows its way into last-mile delivery, causing UPS and FedEx shares to slump. But there’s still one area where Amazon has failed to make a serious impact: entertainment.

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I’m Bringing a New Brand to the US. What’s the Best Approach?

Matthew Ferguson helps another reader avoid the rough and stay on the fairway, this time with a plan to import high-end golf shoes from Italy

Have a question for us? Send it to questions@webretailer.com. Readers’ Questions are in partnership with Emanaged and Online Seller Consulting.

Question

My business partner has a best friend in Italy who makes high-end golf shoes using top-notch materials. This golf shoe is already selling well in Italy’s retail stores, for between €300 and €450. We want to help him sell his golf shoes in the U.S. through Amazon and eBay. The wholesale price for these shoes is about $120 dollars. I checked other branded golf shoes on Amazon and the price ranges from $120-$190.

I have been an Amazon FBA seller for almost two years now, but I still consider myself to be new. So, I’d like to know whether this would be a good move financially, and if I should test the market online first. Also, is it unreasonable to have the golf shoe maker sign an exclusive contract with my company?

— Jean-Paul B., New Jersey

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How to Buy and Sell Websites Like a Professional Flipper

Finding, fixing and “flipping” web-based businesses can be a profitable strategy, says Victoria Duff. Here’s how the professionals do it.

This post is by Victoria Duff, a web business mergers and acquisitions broker with Latona’s LLC. Victoria works with both institutional and individual buyers and sellers of established and profitable online businesses, including ecommerce, SaaS providers and blogs.

My job, brokering web-businesses at Latona’s, means I work with a lot of website flippers. I sell them small web businesses and I broker the sale of their completed projects – hopefully, large and profitable ones.

I see a fairly even split between the number of professional flippers looking for their next projects and the inexperienced wannabes who have been lured by tales of huge profits. The number of wannabe website flippers grows yearly. Most have no practical experience in flipping of any kind and need some detailed advice – which is why I am writing this article.

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Should I Keep My Vendor Account, When Selling on Amazon Marketplace?

Matthew Ferguson explains a couple of cunning tactics you can use with Amazon Vendor to benefit your marketplace selling account

Have a question for us? Send it to questions@webretailer.com. Readers’ Questions are in partnership with Emanaged and Online Seller Consulting.

Question

Hi Matt,

I have a small company and we’ve been selling on Amazon for about a year. We have used Amazon Vendor in the past, but have now opened a Seller account.

We’ve been wondering if we still need a Vendor account since moving to FBA as a marketplace seller.

Should we be worried about damaging our product listings? Do you have any suggestions for us on what to do with these accounts, or if we need them? Which is better?

We sell boating accessories, parts and clothing mostly.

— Mike, San Francisco.

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Build a Reliable Income on Amazon with the Velocity Retail Formula

People who can avoid temptation stand to make a lot more money on Amazon. Adam Hudson explains why.

This post is an excerpt from the book Primed: Your Guide To Building An Amazing Business On Amazon. Primed is available from Amazon.com and Amazon.co.uk, and its author Adam Hudson was profiled by Web Retailer in October 2016.

I want to share with you a fascinating study done in 1970 that put a group of 5-year-old kids into an observation room where each was presented with one marshmallow on a plate. The children were told that they could either eat the marshmallow now, or they could wait 20 minutes and they would receive a whole bag of marshmallows. Of those tested, only a few waited the 20 minutes.

The researchers then tracked those children for the next 40 years, studying their professional and financial progress. Using no other metric other than their ability to wait 20 minutes for a bag of marshmallows when they were 5 years old, those that had waited the 20 minutes became far more successful financially.

Fascinating!

For most everyday people who will be starting an Amazon business with modest financial means but a desire for time-free income, the same principle of delayed gratification will need to apply.

Why?

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