Earlier quoted context omitted.
There's a ton of businesses that can never move online. Food service is obviously a big one. Pretty much anything that requires face-to-face interaction or needs to be delivered near real-time (caricature artist on the beach, personal trainer, babysitting service).
> There's a ton of businesses that can never move online. Food service is obviously a big one. What about Amazon Fresh? https://fresh.amazon.com/ ? It seems there's no business too small or too niche for Amazon.
Amazon Local Register
141–150 of 225 posts
Re: Amazon Local Register
#142This sounds a little like a joke. Amazon is the biggest competitor brick-and-mortar shops have ever seen; why would shops want to give that kind of information to Amazon, so that it knows in real time what people are buying outside of itself??? A coffeeshop, maybe, but for any other kind of business it sounds crazy.
Is it? The sorts of brick and mortar shop Amazon is a competitor to are things like Walmart or Best Buy, or other shops that compete on price or range of stock. But these big stores already have payment systems in place, and obviously aren't the target for this. If your shop hasn't already been put out of business by Walmart, I don't see why it would be put of business by Amazon, either.
Re: Amazon Local Register
#143It's a trap. You, owner of a shop, don't do this. Amazon will first analyze all your sales data, they will than attach reviews to your shop and finally they will oblige you to play by their rules or die (banned or killed by bad reviews) and either way they will grow thanks to your hard work. I'm not joking, this is exactly what they have done (and keep doing) with "partners". Amazon is all but transparent and it has…
How is amazon going to undercut my barber or the brewery I go to with this data? It seems like there are plenty of businesses that could benefit from this and not be at risk to the "empire".
Hair cutting drone perhaps?
Re: Amazon Local Register
#144This sounds a little like a joke. Amazon is the biggest competitor brick-and-mortar shops have ever seen; why would shops want to give that kind of information to Amazon, so that it knows in real time what people are buying outside of itself??? A coffeeshop, maybe, but for any other kind of business it sounds crazy.
1.75% is a huge discount.
Re: Amazon Local Register
#145Earlier quoted context omitted.
The difference between the Google scenario and Amazon is that from what I can see, Amazon makes money on almost all of the products it's rolling out vs. Google not really directly making money out of most of its products.
If Amazon made money off 'almost all' of the products it's rolling out, it wouldn't be posting record losses every quarter and attributing it to those money-losing products.
Re: Amazon Local Register
#146Earlier quoted context omitted.
In other words Amazon is no different than the existing credit card companies (Visa, MC, AmEx, ect...), the existing merchant services, and the retailers themselves who all collect that data for purposes of selling to third parties and use for in house marketing. Brick and Mortar retailers are concerned about being able to conveniently accept payment and minimizing service charges for the convenience of accepting non…
Obviously Amazon is different, because unlike credit card companies they are in the business of competing with small retailers. Particularly when you consider their "your margin is my opportunity" strategy giving this data to them should be a terrifying proposition for any business owner.
For example, Google is under significant regulations as a result of the DOJ settlement[1], "To prevent abuse of commercially sensitive information, Google will be required to implement firewall restrictions within the company that prevent unauthorized use of competitively sensitive information and data gathered from [flight booking] customers."
While I think jack-r-abbit is accurate about many business not competing with Amazon, if Amazon begins using financial data to unfairly stifle retailer competition, then they are playing with fire, Anti-Trust lawsuits are not cheap.
Re: Amazon Local Register
#147They did not even bother to create some unique design of a landing page [1], just copied it from SquareUp [2] -> PayPal [3] pages: 1. http://localregister.amazon.com/ 2. https://squareup.com/ 3. https://www.paypal.com/webapps/mpp/credit-card-reader
Re: Amazon Local Register
#148Earlier quoted context omitted.
Yes. And just to add another evilish detail: Controlling your cashflow means also that you are effectively borrowing them 2+ weeks of your income (as far as they will pay you with recurrent wires AFTER you have sold your stuff) at no cost. On a very low level, this is the mechanism that allowed them to survive for years without making profit on their products.
Why do you say Amazon is controlling cashflow? It looks like they offer bank transfers everyday. From the site: "Fast, reliable deposits. Deposits to your bank account the next business day. Or spend your money at Amazon.com within minutes."
Re: Amazon Local Register
#149Re: Amazon Local Register
#150This sounds a little like a joke. Amazon is the biggest competitor brick-and-mortar shops have ever seen; why would shops want to give that kind of information to Amazon, so that it knows in real time what people are buying outside of itself??? A coffeeshop, maybe, but for any other kind of business it sounds crazy.
There's a ton of businesses that can never move online. Food service is obviously a big one. Pretty much anything that requires face-to-face interaction or needs to be delivered near real-time (caricature artist on the beach, personal trainer, babysitting service).