The prediction Jeff Bezos got completely wrong - and why it sets you up for big profits

 

In April, Jeff Bezos warned Amazon investors to prepare for the stock price to drop. Why? Because he planned on spending all $4 billion dollars in expected profits over the next 90 days purely on COVID-19 related expenses.   Everybody braced themselves for a loss of potentially billions of dollars. But the opposite happened.    Amazon actually doubled its profits during the pandemic.    It makes sense. People love to shop and online shopping is a smaller slice of the pie than offline shopping. Until many people were forced to stay indoors, that is.    The only really big question mark was if Amazon could support the disruption? Turns out they could.    For example, Amazon itself handled shipping on 2/3rds of its products recently, and plans on doing shipping for 80% of its products by 2021.    What’s this have to do with you? Everything.  ​ You see, even though Amazon doubled its profits initially, it represents a small fraction of the growth it anticipates having by year's end. And here’s the thing: most of Amazon sales come not from their own products, but from “third party sellers”.   What’s a third party seller?    Mostly, it’s folks like you and me.    One or two person organizations, who either through their own products, or reselling other products, make up most of Amazon’s products sales.    The thing is, a lot of these third party sellers who were making big bucks on Amazon saw their profits shrink when the pandemic hit… because, unless you were following a certain approach on Amazon, you were going to lose money, just like Bezos predicted.   But if you followed this approach, your profits surged so much it covered all the losses and then some, a la Amazon doubling in profits.    Better still - the real profit shift on Amazon has yet to occur. And if you’re ready, the time to get it on is right now.    Click here   On this free Zoom webinar you’ll discover the sub-sub segment of Amazon sellers who have fallen backwards into the most profitable approach you can take on Amazon right now today and over the next year.    It’s mostly frictionless and doesn’t present the normal hurdles you’d be forced to jump over.    Find out for yourself here:   Click here   And just think… what is Black Friday going to be like this year? I want you in on that gold rush.