Can people really see how many sales I get with my products?
How does a huge retailer like Amazon not make any profit? I don't get it...
Profit is the amount of money you make after you subtract your costs from your sales. A company that is doing very well will want to reinvest profits back into itself to expand its operations. In fact it may want to borrow outside money to do that too. In this way a company can make no profit and still be doing just fine.
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Oof. AMZN been flat for over a year. It started to break away slowly but back flat again.
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You are paying too much for the product and for shipping for a $20 price point. It is probably because you are only ordering 200. Cost per unit if you order 2000 is probably much lower and 10000 is even lower. You shouldn't be doing air shipping. Everyone else is looking for products with a high profit margin too. So if you find a good product where the numbers tie out, expect 5 to 10 other sellers to see the same thing and start selling it as well. The days of quickly ordering something off Alibaba and selling it for a huge profit are over, especially because many Chinese factories are now FBA sellers as well.
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My cousin just told me other sellers can see how much my product is selling. I thought all of my sales and volume were private? Does this mean just anyone can see my product successes and choose to copy-cat?
I've been in manufacturing long enough that I can take a pretty solid guesstimate on how much an item costs for manufacturing and packaging. But now can anyone just look at the volume*price and see where the cash cows are?
Googling says there's sellers features but it seems surreal and when I google the exact OP question I get no info.