“Competitors sell at about $23. Our lowest price that still makes money after Amazon's fees, ads, and what the product costs to make and ship is about $28. That's a $5 gap.”

Andy Isom · Built by Business: Amazon FBA, E-Commerce, Brand Building · #533 - We Tested Lower Prices for Six Months. Our Share Still Fell From 26% to 17%.

Play from 5:22
5:22

Audio streams from the publisher’s own feed. Verbatim does not host or copy it.

What was described

identified a $5 gap between the lowest profitable price ($28) and competitor prices (~$23) and concluded price cuts couldn’t win the war

lowest profitable price ≈ $28; competitor price ≈ $23; $5 gap

Said nearby on the same subject

“Price cut is actually a reflection of how well that home is priced… not a sign that the market's crashing”
DM
Dave Meyer
BiggerPockets Real Estate Podcast ·
Contrarian take Share this moment
“You can look at pricing, increasing your pricing to make more money”
♫
Said on Business Essentials
“The orange line on that chart, what I've done is I've bootstrapped a crude price from diesel prices. So the equivalent oil price, looking at diesel, is over $160 a barrel.”
♫
Said on Monetary Matters with Jack Farley
How they work $160 a barrel Share this moment
“Half-price wings on Tuesday's deal is driving customers into stores, but chicken prices are at an all-time high. The more wings they sell at half price, the more money they lose.”
♫
Said on Business Wars

Moments like this, every Monday

The strongest new moments on your topics, in the speakers' own words. Free for three topics.

No card. No password. One-click unsubscribe.

Track a competitor?

Pro watches up to 25 names or phrases and emails you the morning after they are said.

See Pro, $29 a month

Verbatim quotes a short extract and links to the episode; the episode belongs to its publisher. Remove a show.