Unless you’ve been hiding under a rock for the last week, you’ve heard the news about Amazon restricting more and more brands.
Sellers all over the internet are in a panic about it and lots of experts have weighed in with their opinions about what it all means.
Do I think retail arbitrage and online arbitrage is dead?
In short – No.
Do new restrictions like this make it harder for us as third-party sellers? Yes.
But, business is always changing. Look at Blockbuster video. They failed to adapt to the new trend of streaming video when Netflix and Hulu came on the scene and they are now out of business.
When we first started selling online, our main source of income was Craigslist. One day we woke up and saw that most of our listings were being deleted as soon as we submitted them – not good when your income is based solely on that platform. Very soon afterwards, we found the Amazon FBA opportunity and now Craigslist is a distant memory.
So what does this mean for you in regards to Amazon’s changes? It means you adapt. While other sellers complain and say things like “Well, I guess I’m going to have to go back to my old job” you make the necessary changes in your business and move forward.
Remember why you started this business in the first place. Remember your why and diversify.
I love the private label model and it’s one that is immune to these new brand restrictions.
Let Jenni Hunt and I show you especially now why private label should be part of your business and how easy it can be on a free training webinar tomorrow night at 7 PM CT.
Register Here – https://app.webinarjam.net/