E621: 5 Tariff Strategies My Company is Taking

Dave talks about how the tariffs have impacted his business personally and how he plans to address these challenges. He talks about how you can save your profit margins by manufacturing locally or manufacturing in house (at least by experimenting), and expanding to other marketplaces or countries to save some of that profit margin.

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Tariffs have been a significant cost for Amazon businesses, which have ultimately eaten away at profit margins.

Timestamps

• 00:00 - Navigating Tariffs: An Overview
• 02:50 - Five-Step Strategy for Local Manufacturing
• 05:52 - Identifying Products for Local Production
• 08:54 - Leveraging Technology for Efficient Manufacturing
• 11:47 - Exploring Chemical Products and Local Manufacturing
• 14:46 - Advantages of Local Manufacturing in E-commerce
• 16:52 - Diversifying Markets Beyond the US
• 21:11 - Strategies for Higher Margins and Payment Terms
• 24:48 - Navigating Tariffs and Legal Considerations

As always, if you have any questions or anything that you need help with, leave a comment down below if you're interested.

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Thanks for listening!

Until next time, happy selling!