Co-founder @hiccapop, a $40 mil. baby/toddler products company, on Amazon in 2016. RE investor. Husband & dad to 5. Passion for adoption and serving our Savior.
@AmazonAndrew@cre_cashflow What’s up @amazonAndrew? Funny running into you here. Have your wife become a “real estate professional,” cost seg your real estate to accelerate depreciation and write off all of your depreciation against all of your income. Great if planning to hold your real estate long term.
@ShinghiD@amznsellerhelp@CBP@USTradeRep Other than out of the goodness of their hearts, I don’t know why Amazon would care if Chinese companies (or any other company for that matter) cheat on tariffs. It keeps their leadership as the low priced marketplace. They stand to win from the fraud.
@BlackLabelAdvsr This badge has been around for several months, but they are becoming more common. Brutal conversion killer on our #1 selling product. Our top competitors have the badge as well. However, the lower volume sellers do not have this badge. Pretty sure it’s not based on % of sales.
@mikebeckhamsm@MbtHawk We’ve been predicting all of this in our internal talks. Plan A get stuff on the water at a loss/BE, hope negotiations get settled before products land, and have product available when competition runs out due to supply chain glut in China.
@mcuban@ShinghiD Amazon is quickly becoming a marketplace of cheap Chinese $1 store products. The quality brands (many also mfg in China, but using quality factories) are quickly being drown out by Chinese listings with fake photos and fake reviews. IMO Amazon is destroying its image as a result
@mcuban@ShinghiD we’ve built a $35mil rev baby products brand. One of the largest baby brands built on Amazon and in the blink of an eye, we’re staring at complete destruction. Our competition? Chinese sellers that fake federal child testing reports, cheat on tariffs, and don’t pay taxes.
@mcuban@ShinghiD Until the importing loopholes are shut, the cheaters have the upper hand. It’s too easy and low risk for Chinese sellers to declare their goods at fake mfg prices. The consequences are too great for US companies to cheat. And DDP is a legal loophole that must be closed!
@michaelpatron0@ajassy AMZ will hold prices to their suppliers as long as they can, likely extorting their suppliers because they know the suppliers can’t afford to lose AMZ as a customer. What’s the supplier’s alternative? Tell AMZ they won’t sell to them any longer? Margins crushed, BKs looming.
@michaelpatron0 A bigger concern is that our competitors that sell 1P will have a tough time raising prices to AMZ and that AMZ will keep prices lower for longer than 3P sellers can afford to. AMZ is in a power position w/ their suppliers. No way suppliers will be able to pass on tariffs to AMZ.
@michaelpatron0 We ran tests a couple weeks ago with price increases (just to cover 20% tariffs) across the board and sales sunk dramatically cuz of crossing numerous psychological price thresholds. We figure we’re stuck until our lower priced competitors raise their prices.
@ShinghiD@elonmusk@realDonaldTrump@howardlutnick@mcuban The first thing the increased tariff revenue needs to be spent on is increased auditors to crack down on the bad actors that skirt the system in all the ways you mentioned. There is so much fraud in the system from importers (Chinese and American) that know the risk is so low.
@facebook@Meta our entire team has lost access to our page https://t.co/j5wVrwazax. I am one of the founders & created this FB page in 2016. We have 12k followers, an ad account and talk to customers through Messenger regularly. How can I regain access to our business page? HELP
@ChrisRamsey60 I always prefer to own my real estate vs lease. I’d imagine there would be hefty HOAs on these properties as well. Most people using this kind of space can afford the $300kish to own, yet on the other hand they may prefer the cash for another toy and prefer the lease.
@ChadGriffiths and @ChrisRamsey60 it looks like you guys already know each other. I would love for you to bring Chris on your podcast, Chad. So many questions! 😎
@SasanATL@ChrisRamsey60 I would imagine they would be ideal for Amazon sellers. That’s my “real job” and when we were small, this would have been perfect. Small office and storage where trucks could pull up to pick up and unload pallets. Wonder if a community forklift would be a great amenity.