$7M lost on Amazon inventory, then bankrupt

Re:$7M lost on Amazon inventory, then bankrupt by 2Gkashmiri on Saturday December 03, 2022 @04:27AM (#33842092)

i have "thought" about getting into amazon selling stuff but the fees at least the amazon ones plus freight and storage only does not make any sense.

https://sell.amazon.in/fees-and-pricing

check "Referral fees"

Modems & Networking Devices 14%

Television 6%

Home improvement - Wallpapers 13.5%

my gross margin is 4-8% at best and that is excluding all returns and losses. how am i supposed to compete with big players who can eat the cost?

the same as you are saying. they want to cut out the middleman (which is you) so retail business is between manufacturers and amazon now with no dependence on existing retail chain?

[ Parent | on HN ]

Re:$7M lost on Amazon inventory, then bankrupt by tomcam on Saturday December 03, 2022 @05:51AM (#33842489)

And they still raise seller fees every year.

[ Parent | on HN ]

Re:$7M lost on Amazon inventory, then bankrupt by chubbnix on Saturday December 03, 2022 @09:44AM (#33843815)

I manufacture my own product that sells well on my website but even as the manufacturer I find selling on amazon to be too expensive and too risky. Instead I have my products listed so I can prevent others from controlling the product pages and reselling them but leave them as unavailable to purchase On that platform.

[ Parent | on HN ]

Re:$7M lost on Amazon inventory, then bankrupt by Spooky23 on Saturday December 03, 2022 @10:25AM (#33844132)

It’s crazy. In the old days they were cheaper than eBay.

[ Parent | on HN ]