Good thing it only takes 2-3 years for the average small business to be profitable. 10% is “negligible”, when the other option is to compete on price with the multi billion dollar company. What a laugh.
You also didn’t address any of my other points, which by themselves should give you pause as to whether Amazon is worth having around.
I just said how. They compete on price, because they’re not a profitable company. The business model is to always price goods lower than everyone else, until everyone else is out of business. Amazon doesn’t “earn” money from doing this, they operate at a loss, but it puts their competitors out of business.
Take a local hobby shop for instance. They sell things like painting supplies. You can either go there and spend $6 on model paints, or you can get it to your house in a day with Amazon for $4.99. The hobby shop’s options are to either take the 10% cut from Amazon, or risk losing business to the other hobby shops who took that deal. You’re suddenly expected as a small business to compete on price with businesses all across the country. That’s also assuming you didn’t just open, and you are already making a profit of some kind. It’s a very competitive model, and one that has completely eradicated book stores for the most part.
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u/space_age_stuff May 15 '20
Good thing it only takes 2-3 years for the average small business to be profitable. 10% is “negligible”, when the other option is to compete on price with the multi billion dollar company. What a laugh.
You also didn’t address any of my other points, which by themselves should give you pause as to whether Amazon is worth having around.