Episode 49: Scott in The Time of Corona | Adjusting Your Business During The COVID-19 Pandemic

Today Scott talks about what he’s doing with his business to take advantage of and reduce the risk surrounding the changes that have taken place in Amazon due to the COVID-19 pandemic. We talk about the categories that are doing well right now, such as crafts, puzzles, musical instruments, and home gym products. We also discuss how Amazon and BuyBoxer are adapting to the pandemic, and talk about small business loans such as the disaster grant and disaster relief loan, as well as the Payroll Protection Plan. We finish by discussing what you should be thinking about for the future as an Amazon seller, and wish you and your business the best.

Price Gouging vs. Repricing 1:00
Transitioning Our Categories: What’s Stocking Out 4:26
How Amazon and BuyBoxer Are Adjusting to Change 6:50
Predictions and What You Should Be Thinking About 11:34

“So I hope you are starting to strategize how you’re going to come out of it. Businesses are going to be hurt, and, I’d hate to point it out, there’s going to be opportunity. And I do think that some of the biggest opportunity is in E-commerce. And so, in 6 months it’s a better time to launch a product than last year -- I think there’s going to be a major shake-up.” 11:08

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