Ingrid’s good friend and colleague, Garrett Bluhm, joins the pod today to talk about all things Amazon. There are a lot of things going on within the Amazon world at all times, but this episode is dedicated to what it means to be a brand, quote-unquote on Amazon, what that looks like going into 2022, and the epic growth of Amazon consolidators aggregator machines. Listen now!
Building a Brand fit for Amazon
- {00:04:16} “And one of those things that I've been interested in following is just all of the consolidators and aggregators and just the amount of, frankly, money and capital that's being poured into these companies that are ultimately buying up smaller mom and pop shops on Amazon and brands and then consolidating them into a bigger machine for profitability and just understanding what is growing.” - Ingrid
- {00:08:02} “The real question is like, I'm like, struggling, like, OK, so how do you build your labels? What is your branding like? How do you build brand awareness?” - Garrett
- {00:13:54} “Rule number one, two, and three in any type of consumer facing business is please don't assume that your consumer is stupid.” - Ingrid
- {00:17:53} “And what that means is that the trends that are happening on Amazon are going to directly reflect everywhere else.” - Garrett
- {00:20:25} “It really comes down to focusing on your products and your brand and being differentiated. If you're a brand that is hoping that your Alibaba white labeled product with your logo on it is going to be there forever, you're not thinking clearly because that is not going to last longer than that life cycle of when that timeline happens, right?” - Garrett
- {00:26:21} “And this is why we're seeing tons of investments starting to flow into incubators into what are like traditional accelerators, where they invest in a brand that's small and then they provide services to kind of help them grow. I mean, that space is booming right now.” - Garrett
- {00:34:35} “The ones that are driven by consolidators are probably going to see lighter discounts. They'll probably continue to do them. Subscription's a big thing.” - Garrett
- {00:36:21} “There's just so many. We keep saying this, but capital has become a commodity, and it's just so true. And so that's why there is all this competition for being an aggregator, consolidator.” - Ingrid
Associated Links:
- Take a look at the Drafted Commerce website
- Check out Garrett Bluhm’s LinkedIn
- Love your new host? Check her out on LinkedIn
- Check out other Future Commerce podcasts
Have any questions or comments about the show? Let us know on Futurecommerce.fm, or reach out to us on Twitter, Facebook, Instagram, or LinkedIn. We love hearing from our listeners!