This episode features Eugene Khayman, co-founder of Million Dollar Sellers (MDS), discussing the increasing pressure on Amazon sellers due to rising fees and changes to programs. It highlights the "Gimme Five" campaign advocating for fee relief and explores how sellers are considering alternative platforms like DTC and TikTok Shop, indicating a potential shift in the e-commerce landscape and Amazon's need to adapt.
Key takeaways
Understand your true profitability on Amazon by factoring in all fee increases and program changes (DD+7, Subscribe and Save).
Explore diversifying sales channels beyond Amazon, considering DTC and emerging platforms like TikTok Shop to mitigate platform reliance and rising costs.
Engage with seller communities and advocacy efforts like the "Gimme Five" campaign to collectively push for more favorable marketplace conditions.
Regularly evaluate your e-commerce business valuation, especially if considering a pivot or exit, using resources like Quiet Light Brokerage.
Proactively manage cash flow by understanding inventory cycles and exploring flexible funding solutions like Onramp Funds to prevent stockouts.
Eugene Khayman, co-founder of Million Dollar Sellers (MDS), who leads the "Gimme Five" campaign aimed at pushing Amazon to give sellers some fee relief after years of rising costs. Thinking about taking some risk off the table? Or are you looking at taking an extended break from e-commerce in general? Know what your e-commerce business is worth with Quiet Light Brokerage. The gap between paying for inventory and selling it is where stockouts are born. Onramp Funds closes it with funding that moves with your sales. Built for sellers already doing $10K a month or more across Amazon, Walmart, Shopify, and TikTok Shop. See how much you qualify for at Onramp Funds. With changes to DD+7, Subscribe and Save, and the additional seller fees tacked on this year, third-party sellers on Amazon are quickly discovering that it might be more profitable to take their products elsewhere. And Amazon has noticed. Eugene also talks about what he's noticed after years of being in MDS, like the shifts toward DTC and Tiktok Shop and how smaller operators have been the most creative in growing their business. Timestamps 00:00 - Introduction 00:58 - Eugene Kaiman and the MDS seller community 06:34 -
