Hope your Tuesday is going well so far!
Welcome to this week’s edition of eCommerce Insider: This Week In Online Retail where I share key happenings in the world of online retail, things we have learned in my business recently, and other items that I believe you will find useful and valuable.
Here are this week’s updates:
- A Reddit thread that I enjoyed reading through is titled, “I changed careers and went from $40k to $100k in one year.” The post shares the approach this individual used to start their new venture, and the lessons learned can be applied to starting many new projects. You can read the full post here.
- A recent New York Times article takes a look at how Amazon and other large retailers are advertising against President Trump’s proposal to have the USPS raise rates. Amazon and others are running a campaign in support of keeping the USPS rates mostly the same. If there are substantial changes to USPS’s rates, it would likely have some fairly significant impacts to online sellers. You can read the full article here.
- Do you evaluate wholesale price lists in your business? Or looking to add wholesale sourcing to your business? We just hit publish on a new blog post all about evaluating wholesale price lists to determine which products are profitable to sell on Amazon. In the post we share the tools we use, how we use them, and go over what to do when we get a price list that’s not in our desired format. If you are interested, you can checkout the post here.
- A few very quick updates relevant to online sellers that have happened in the past week:
- USPS is suspending international shipments to certain countries. If you ship internationally you may want to consider updating which countries you are willing to ship to temporarily. You can see the current list of countries where shipping has been suspended on the USPS website here.
- Amazon has reported a higher level of phishing attempts for seller accounts over the past week. This is a good reminder to make sure you use discretion when clicking any links in emails sent to you that have anything to do with Amazon.
- Starting May 15th long-term storage fees are being waived due to COVID-19.
- Quote / image of the week that I came across on Reddit: “You wouldn’t plant a seed and then dig it up every few minutes to see if it has grown. So why do you keep questioning yourself, your hard work, and your decisions? Have patience, stop overthinking and start watering your seeds.” – Steven Bartlett
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That’s all for today’s email. Hope the rest of your week goes well!
PS – I want to make sure you are only receiving the emails you want from me. Every Tuesday I send out a quick email like this that shares updates in the world of eCommerce, what’s going on in my business, and anything I found that I believe will be interesting or valuable to you. If you no longer wish to receive weekly eCommerce Insider emails, update your preference by clicking this link.