Chris Messina@chrismessina · 🏆 PH Community Member of the Year!
Amazon has such a ridiculous competitive advantage here — they need only look at the products that are trending overall across Amazon shoppers and then produce their own versions (kind of like generic drugs) to make bank. Not only that, but all the reviews against top products give Amazon tons of market research to address all the primary detractors of those…See more
@chrismessina So true– this is what Walmart did with Great Value and Equate. It's an incredible idea– use the world's most prominent brands as guinea pigs, learn what works and doesn't, then produce a nearly identical product at a fraction of the price. There is no downside– you make money when you sell name brand products and more money when you sell yours.…See more
