This episode explores the challenges and opportunities of selling on Amazon, particularly focusing on the impact of tariffs and the evolving landscape of the e-commerce industry. Against the backdrop of increasing Amazon fees and the complexities of navigating tariffs, the conversation centers on Jon Derkits, an Amazon seller with a finance background, who shares his unique perspective. More significantly, Derkits discusses his experience as an acquisition entrepreneur, highlighting the financial strategies and operational insights crucial for success in this competitive environment. For instance, he details how he uses data analytics tools like Keepa and SmartScout to gain a competitive edge. As the discussion pivots to the recent tariff announcements, Derkits and the host analyze the potential impact on businesses, emphasizing the importance of understanding "one-way doors" in decision-making. The conversation also touches upon the use of bonded warehouses to defer tariffs and duty drawbacks to recover costs, offering actionable advice for Amazon sellers. Ultimately, this episode underscores the need for financial acumen and strategic planning in the dynamic Amazon marketplace, highlighting the importance of data-driven insights and adaptable strategies for long-term success.
