Opportunity in a crisis
Amazon saw an opportunity in this crisis and decided to keep the profits to themselves rather than share with their channels, which are affiliates.
Cannot Miss Opportunity in a Crisis
Since mid-March, when all this COVID-19 situation started, Amazon’s stocks grew from $1,676 to $2,442!
That is 46% growth in 2 and half months - in the middle of a major health and financial crisis!
Of course, you can blame Jeff Bezos but just like Wall Street bankers, senior executives in Amazon could not resist the temptation of million dollars bonuses and stock option rewards before their eyes and decided this black swan should benefit themselves rather than their affiliates.
Then on April 21, Amazon affiliates, which include publishers and influencers, will see lower commissions from their affiliate link sales across many product categories.
This move to reduce the commissions of The Amazon Associates program at a time when any source of income matters most, sunk the hearts of many and resulted in lost income for many affiliates, including many here at WA.
Could Amazon have given a 3 months of 6 months runway?
Yes, but that would mean the normalization of trade and missed the opportunity for immediate gains to lock in those performance bonuses.
Amazon hired nearly 200,000 more people just so it could fulfill all the orders.
However, more than 30 million people lost their jobs and income during that time.
What does this mean to you?
Some facts have not change.
- The online business is here to stay.
- You need a diversified affiliate portfolio to reduce risks
- Greed is greed whether Wall Street bankers or otherwise
The Opportunity
- Build an extra income stream when you have a job
- If you did not build a business for alternative income, the second best time is now
- Leverage your skills gained here to help local businesses make the transition online
I just closed a $1,700 per year website hosting and maintenance service for a local company. You can do the same where you are.
Time to take action to build more income streams.
Wish you a great weekend.
Recent Comments
58
Completely correct Stanley.
Also, Amazon and Mr Bezos may not be everybody's cup of tea but they sure know how to make a dollar and it would be interesting to see how many people that criticise them/him are customers of their's and will continue to be?
The thing is, in many respects Amazon have got it exactly the way that (crucially) their customers want it.....one click purchasing of virtually anything at an acceptable price and delivered to your home next day with money back guarantees to boot. Who doesn't love that?
No wonder the high streets around the world are dying!!
The future is online!
Mark
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Great job Stanley. You saw the opportunity and now reap the reward for diligence and effort. Amazon is doing what most public companies do, look for profit and a way to please the stock holders. The two go hand in hand. It didn't surprise me one bit that they lowered their commissions.
Greg
Thanks, Greg. Yes, that was public companies do.