Amazon Seller News AWE0162 Anti-trust News and more...
https://awesomers.com/162 --> Show notes
News is happening every single day that impacts Amazon Sellers and eCommerce companies in general and here are a few that caught Steve's eye this week:
1) Amazon admits it uses marketplace Seller data to come up with products.
https://www.cnbc.com/2019/11/19/amazon-uses-aggregated-data-from-sellers-to-build-its-own-products.html
2) Amazon responds to some Seller concerns, but ignores others.
https://www.forbes.com/sites/kirimasters/2019/11/20/amazon-addresses-some-seller-concerns-ignores-others-in-antitrust-inquiry/#3e285b883445
3) Amazons written response to FTC Anti-Trust Inquiry.https://docs.house.gov/meetings/JU/JU05/20190716/109793/HHRG-116-JU05-20190716-SD038.pdf?fbclid=IwAR0o-I9gyz7rvIIuM5Qv2wDDe0pD5XoBCHcGIM0iZeNiWu55gUc6HTU8DVk
Top Take Aways:
Forcing Brands to match prices of "competitors"
Buy Box factors remain elusive.
Amazon Seller count lower than press estimates.
Amazon eludes details about their own brand placement.
MSRP pricing vs. Sale pricing is weird.
Amazon's unfair use of data, placement, and external competitors is damaging US businesses.
Don't forget that we must remain calm and carry on a dialogue to get change to happen. Losing our minds and yelling will not solve this situation and I believe there are ways to make improvements without the government getting too involved and without Amazon unfairly using its power.
https://awesomers.com/162 --> Show notes