In this episode of Amazon Ecomm Secrets, host Matthew Fraser discusses the importance of having exclusive distribution rights for products on platforms like Amazon and eBay. He delves into the potential impact of capital gains taxes proposed by Joe Biden and speculates on how it could affect Amazon business owners. Fraser also explores the idea of sourcing products with better margins to withstand potential tax changes and considers the option of moving overseas to countries like Qatar or Dubai. Tune in to discover insights on navigating the e-commerce landscape and optimizing product selection for success.

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Timestamps:

00:00:00 - Introduction

00:03:01 - Top Three Attributes of a Great Product

00:03:12 - Attribute #1: Cost of Goods Sold (COGS)

00:04:15 - Attribute #2: Exclusive Distribution

00:05:00 - Client Success Story with Exclusive Distribution

00:07:00 - Attribute #3: Creating a Moat

00:08:35 - Costs and Investment in Patents

00:11:20 - Keeping Your Product Idea Secret