Amazon's Unbearable Quality...
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For quite some time now, most of Amazon has been filled up with a bunch of garbage. Usually, you’re paying markups of 80-90% because most of the cost is just going toward convenience and logistics. If you buy directly from suppliers through platforms like Alibaba, you’re usually able to find the same products for a mere fraction of the price. For years, consumers put up with this quality control issue because it just didn’t make sense to shop through Alibaba given that you had to buy in bulk and all orders had to be directly negotiated. Temu, however, has completely changed the game when it comes to buying goods directly from manufacturers. They successfully eliminated all the middlemen along the journey leading to unbelievably low prices. This video explains how Temu has changed the game for dropshipping and Amazon FBA and how this will affect Amazon.
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Timestamps:
0:00 - The State Of Amazon
2:02 - Amazon Breaks In
5:19 - Garbage Piles Up
9:19 - The Great Cleansing
Thumbnail Credit:
Saul Loeb - AFP
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Disclaimer:
This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.
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