Chapter 9 Summary

Summary chapter 9

Buying and selling online usually involves middlemen like brokersHowever some industries cut them out (disintermediation), while others add new ones (reintermediation). In this chapter I learned the actual words and names that they had for such things Auctions are a great way to clear out old inventory, which is huge for my Amazon FBA business. Liquidation brokers connect sellers with buyers looking for deals, often through online auctions. These sites set their own rules, run for different timeframes, and sometimes offer live bidding. Many also use escrow services to protect buyers. I’ve had success sourcing inventory from external suppliers , but knowing how each platform works is key.