Serious Sellers Podcast: Learn How To Sell On Amazon FBA & Walmart
Helium 10 Buzz 12/12/24: Chinese Sellers Struggling? | TikTok Shop, Amazon New Countries
Dec 12, 2024
Chinese sellers are facing tough times on Amazon and Temu, especially during Black Friday, with rising competition squeezing profits. TikTok Shop is making waves by launching in Spain and Ireland. Amazon is set to expand into new markets and roll out a feature that lets sellers create discounts while protecting their pricing. There's buzz about companies flexing tariff loopholes to gain an edge. Plus, tools like TikTok Shop's profitability calculator are now available to help sellers optimize their operations and data analysis.
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Quick takeaways
- Chinese sellers on Amazon and Temu are facing profitability issues due to increased competition and aggressive pricing strategies during key sales events.
- TikTok Shop's successful expansion into Spain and Ireland demonstrates its growing influence in the e-commerce market, particularly among Gen Z consumers.
Deep dives
Challenges Faced by Chinese Sellers
Chinese sellers on platforms like Timu and Amazon are encountering significant challenges in terms of profitability, particularly during peak sales events like Black Friday. Reports indicate that many sellers are suffering from slashed profit margins due to aggressive pricing strategies. For instance, a clothing factory owner noted a 30% decline in sales compared to the previous year. This situation suggests that while competition might seem daunting, it is not without its repercussions for sellers based in China.
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