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☆ I have 5 income streams and make $142,000/mo from Amazon alone: Top 3 side hustle mistakes I always tell others to avoid
▼ + stars: | 2024-04-17 | by ( Dr. Jenny Woo | ) www.cnbc.com time to read: +4 min

This side hustle saw me through the next five years while I completed my Ph.D. When I started, I didn't know much about running a business, but today, I have five income streams. I bring in $142,000 a month from the Amazon business alone. Don't overcomplicate your productWhen I started my side hustle, I had major imposter syndrome. So before you begin any side hustle, ask yourself two key questions: What is the fundamental need that my product or service fulfills?

Persons: I've, hustlers Organizations: University of California Locations: University of California Irvine

Amazon Business Prime Card OverviewThe Amazon Business Prime Card is ideal for business owners who frequently make Amazon or Whole Foods purchases and already have a Business Prime membership. Amazon Business Prime Card RewardsWelcome OfferNew Amazon Business Prime Card cardholders receive a $125 Amazon Gift Card upon approval, equivalent to the 5% rewards you'd earn from spending $2,500 in eligible Amazon purchases. Amazon Business Prime Card Benefits and FeaturesThe Amazon Business Prime Card includes a number of tools designed to simplify small business management. Amazon Business Prime Card Annual Fee and Other CostsThe Amazon Business Prime Card card doesn't have an annual fee, but you need a personal or business Amazon Prime membership to be approved. When looking at the Amazon Business Prime Card, we considered several criteria including:Rewards — The Amazon Business Prime Card earns 5% back on eligible Amazon Purchases.

Persons: cardholders, Amex, You'll, Finance Insider's, it's Organizations: Business, Amazon, Prime, Amazon Business, Foods, Business Prime American Express, Amazon Business Prime Card, Amazon Business American, Business Prime Card, Web Services, Amazon Business Prime, American, QuickBooks, Business Prime, Finance, Chase, Amazon Prime

☆ Investors in Airbnb arbitrage business allege they were defrauded in scheme promising 'higher returns than the stock market'
▼ + stars: | 2024-02-11 | by ( Rohan Goswami Annie Palmer | Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +18 min

Airbnb told CNBC that business practices such as Agyeman's aren't permitted. Airbnb told CNBC it had no business relationship with Agyeman and had taken action to curtail his operations. Carr and other HFA investors told CNBC their frustrations were dismissed or met with legal threats. To get around Airbnb's rules, HFA instructed its investors to list their own homes, a former employee and two investors told CNBC. Airbnb told CNBC that it was rolling out a more robust verification process in the U.S. and elsewhere beginning as early as 2024.

Persons: Elham Ataeiazar Daryn Carr, Carr, Anthony Agyeman, Agyeman, HFA, they've, Agyeman haven't, Airbnb, Brian Chesky, Brendan McDermid, Reuters Carr, Thomas Hunker, Hunker, Wessel Botes, Megan Shears, Shears, It's, Kathy, she'd, copywriters, couldn't, who'd, Collin Ballard, Collin Ballard Ballard, Ballard, lister, HFA's, Agyeman's Wealthway, Wealthway, David Levine, he's, Levine, Levine didn't Organizations: Federal Trade Commission, Department of Justice, Justice Department, FTC, CNBC, Inc, New York Stock Exchange, Reuters, Agyeman, Investors, Google, HFA, MGM, Dallas, North Locations: hustles, Covid, New York City, New York, Airbnb, HFA, Texas, Instagram, Fort Myers, Sanibel, Las Vegas, Dallas, U.S, Agyeman, Florida, North America, Botes

☆ Amazon's Audible CEO declines to say layoffs are over and warns of 'storms' ahead during a tense all-hands meeting
▼ + stars: | 2024-01-25 | by ( Eugene Kim | ) www.businessinsider.com time to read: +7 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Audible CEO Bob Carrigan answered a barrage of employee questions. The heightened anxiety at Audible reflects broader concerns rippling through Amazon's workforce lately about continued job losses. That's even after the internet giant slashed thousand of positions in multiple rounds of layoffs since late 2022 . "We've made a lot of improvements, but we've got more work to do," Carrigan said during the meeting.

Persons: —, Bob Carrigan, That's, We've, we've, Carrigan, I've Organizations: Service, Business, Amazon, Audible's, Adobe, Spotify

☆ Amazon is working on a new 'Remarkable Alexa' but internal politics and technical issues plague the project
▼ + stars: | 2024-01-17 | by ( Eugene Kim | ) www.businessinsider.com time to read: +6 min

The team is working towards a June 30 launch deadline, and has been testing the underlying voice technology, dubbed "Remarkable Alexa," with 15,000 external customers, these people said. Internally, however, Amazon isn't satisfied with the performance of the new Remarkable Alexa yet. But the new Remarkable Alexa follows a more centralized structure, where language understanding and response generation use a single language model. The Classic Alexa team, for example, wants to protect their work by insisting on using what they built for the old Alexa, one of the people said. In addition to the subscription-based Alexa, Amazon is also working on a new Alexa product that can be used within a web browser, people familiar with the project told BI.

Persons: Alexa, Dave Limp, Rohit Prasad Organizations: Business, Alexa, Google, Apple, Intelligence, Amazon, Alexa Plus, Reuters

☆ I've interviewed dozens of disruptive go-getters from self-made millionaires to entrepreneurs. Here are my 4 observations on what sets them apart.
▼ + stars: | 2023-11-27 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

As an investing reporter, I regularly talk to real estate investors, entrepreneurs, and side hustlers. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . What doesn't always get passed along are my observations after talking to disruptive go-getters regularly. If you find a good enough deal and present it accurately and professionally to investors, the money will come. AdvertisementJatz Naran built his Amazon business between the hours of 6-and-10, after his day job would wrap up.

Persons: —, I've, doesn't, getters, I'm, Natia, Jervais Seegars, Caleb Hommel, Chuck Sotelo, he's, isn't, Naran, NeuroGum, Kent Yoshimura Organizations: Service Locations: Detroit, Chicago

☆ I started my natural-candle brand on Amazon with just $500. I became a top seller and now save 15 hours a week with ad tools.
▼ + stars: | 2023-11-23 | by ( Madeline Stone | ) www.businessinsider.com time to read: +5 min

My brand, Hemlock Park, was born in Los Angeles during the 2020 COVID-19 lockdowns. More than 2,000 stores in the US, Canada, Europe, and Asia now stock Hemlock Park candles. Over time, I realized it wouldn't be sustainable to run the Amazon business and oversee sourcing, manufacturing, production, and shipping. These days, Hemlock Park generates about 60% of its sales from Amazon, 30% from wholesale channels, and 10% from the Shopify store. When I was getting started, Amazon told me that there were over 5,000 candle sellers on the platform and that it would be hard to break through.

Persons: Mikey Kim, I'd, Goldman Sachs, Marcus, I've, haven't, Amazon, We're Organizations: Business, Amazon Lending, Amazon Locations: Nevada, Los Angeles, Canada, Europe, Asia, LA

☆ Leaked email outlines Amazon's big plans for 'AGI,' the AI tech all of Silicon Valley is chasing
▼ + stars: | 2023-11-21 | by ( Eugene Kim | ) www.businessinsider.com time to read: +4 min

"I am very proud of what this organization has already delivered for Alexa and AGI," Prasad added. Amazon's AGI team wasn't launched in response to this drama. The change also follows last week's job cuts within the AGI team, as BI previously reported . The cuts were part of a broader layoff that primarily affected Amazon's Alexa team. These are the six new teams formed within the AGI unit, as per the internal email:• AGI Product: defines AGI services and engages with internal customer teams to ensure end-to-end success.

Persons: Amazon's, Rohit Prasad, Prasad, Sam Altman, that's, Altman wasn't, didn't, wasn't, Andy Jassy, AGI, It's, • Organizations: Alexa, Devices, Business, Microsoft, Google, AGI, Amazon, TV

NEW YORK, Nov 9 (Reuters) - Shares of Affirm Holdings (AFRM.O) surged by nearly 25% on Thursday as strong demand for the buy-now-pay-later (BNPL) lender's services and higher interest rates underpinned quarterly results that beat analysts' estimates. Affirm's gross merchandise value (GMV) rose 28% to $5.6 billion, which allowed net revenue to jump 37% to $496.5 million for the quarter ended Sept 30. The company's net loss narrowed to $171.8 million, down nearly 32% from a loss of $251.3 million a year earlier. Analysts had expected gross merchandise value of $5.4 billion, net revenue of $448.5 million, and a net loss of $219.6 million, according to LSEG data. Affirm said it expects GMV to reach between $6.7 billion and $6.9 billion in the current quarter, and net revenue to come in between $495 million and $520 million.

Persons: Max Levchin, John Hecht, Chibuike Oguh, Bill Berkrot Organizations: Holdings, Analysts, Wedbush, Bank of America Global Research, UBS, Jefferies, Amazon.com, Amazon Business, Thomson Locations: New York

☆ 3 sellers share how they settled on the perfect price for their products on Amazon, Shopify and Etsy
▼ + stars: | 2023-11-07 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +5 min

Sellers can make six figures from selling items they've made or bought elsewhere on e-commerce platforms such as Etsy , Amazon , and Shopify . But figuring out how to price your items can require experimentation — which can mean getting it wrong at first. Dinh decided in March 2022 to set up her own shop on Shopify when Etsy increased its transaction fees for sellers . An Amazon seller increased his prices until his sales stoppedBen Alistor started selling tanning mitts on Amazon FBA as a side hustle with his partner in June 2018. "Selling on Amazon FBA is a fine balance between running out of stock and not selling enough products," he said.

Persons: Sellers, Price, Tammy Dinh, Dinh, underpaying, Read, I've, Ben Alistor, Alistor, Emma Larocque, Larocque Organizations: YouTube, Amazon, Printful Locations: Alibaba

☆ Amazon unveils buy now, pay later option from Affirm for small business owners
▼ + stars: | 2023-11-02 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

Amazon is unveiling its first buy now, pay later checkout option for the millions of small business owners who use its online store, CNBC learned exclusively. The tech giant confirmed Thursday that its partnership with Affirm is expanding to include Amazon Business, the e-commerce platform that caters to companies. "We constantly hear from small businesses that say they need payment solutions to manage their cash flow," Todd Heimes, director of Amazon Business Worldwide, said in an interview. "We offer the ability to use credit cards and to pay by invoice; this is another option available to small business customers to pay over time." Amazon Business was launched in 2015 after the company realized businesses were using its popular retail website for office supplies and bulk purchases.

Persons: That's, Todd Heimes Organizations: CNBC, Amazon, Black, Amazon Business, Business Locations: U.S

☆ Stocks making the biggest moves midday: Starbucks, Roku, Eli Lilly, Affirm and more
▼ + stars: | 2023-11-02 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

Starbucks — Shares jumped 9.5% after the company posted an earnings and revenue beat in the fiscal fourth quarter. Palantir also raised its revenue guidance to between $2.216 billion and $2.22 billion for the full year. Clorox — Shares rallied more than 6.6% Thursday after the company posted an earnings and revenue beat in the fiscal first quarter. CyberArk's fourth-quarter and full-year earnings guidance also came in above analysts' estimates. Management lowered the company's full-year earnings, revenue and operating margins guidance.

Persons: Roku, SolarEdge, Shopify, Palantir, LSEG, Eli Lilly —, —, Penn, Morgan Stanley, CyberArk's, Papa John's, Sarah Min, Yun Li, Michelle Fox, Pia Singh, Alex Harring Organizations: Starbucks —, Management, Truist, BMO Capital Markets, Guggenheim, Moderna —, Moderna, Penn Entertainment, ESPN, Amazon Business, Marriott, Rockwell Automation — Rockwell Automation Locations: China, America

☆ The biggest debate in tech
▼ + stars: | 2023-11-02 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we're looking at the tech industry's debate over whether AI poses a real threat to humanity. The big storyBig Tech's big lieAP Photo/Julia Nikhinson; Arantza Pena Popo/InsiderWant to get someone in tech riled up? The private event, which had an exclusive guest list, has been criticized for favoring Big Tech executives over actual AI experts. "When big tech companies, big startups, and powerful VCs start calling for regulation of their hottest new technology, something is very wrong," Alistair Barr, Insider's global tech editor, told me.

Persons: —, Heidi Klum's, Klum, Julia Nikhinson, Arantza Pena Popo, Andrew Ng, Ng, Big, BlackRock's Larry Fink, Spencer Platt, Elon Musk, Alistair Barr, It's, Alistair, Insider's Beatrice Nolan, Sam Bankman, Aaron Schwartz, Stanley Druckenmiller, Druckenmiller, Tyler Le, SBF, Wendy Lee, Alba Santaliestra, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Fed, Tech, Google, Australian Financial, Big Tech, Getty Images Tech, Wired, Xinhua, Getty, Market, Apple, YouTubers, YouTube, Mexico City Locations: Israel, Muertos, Mexico, New York City, San Diego, London, New York

☆ I got laid off from Amazon. They've tried 4 times to rehire me, but I can't go back.
▼ + stars: | 2023-11-01 | by ( Tim Paradis | ) www.businessinsider.com time to read: +11 min

We were made aware that we would be getting an email if we were getting laid off. It didn't really help to fill in the trust that was missing there. It felt really depersonalized and almost just like a slap across the face because you give so much to them. AdvertisementAdvertisementAmazon comes callingI got my first outreach on LinkedIn on behalf of Amazon a little over a month after they told us we were getting laid off. It kind of seemed like you're getting covered in ants and you're getting overwhelmed.

Persons: —, We'd, we'd, Amazon, you'd, who've, you've, I'd, we've Organizations: Amazon, Service

☆ Amazon has room to go higher even after this year's 58% rally, Stifel says
▼ + stars: | 2023-10-17 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Amazon 's sheer scale and potential for margin improvements should give it a leg up, according to Stifel. Shares of Amazon have rallied nearly 58% this year. AMZN YTD mountain AMZN ytd chart Kelley pointed out that, since its inception, Amazon has overtaken other e-commerce platforms in terms of sheer scale. "We also note that Amazon offers broader ad tech tools and is now a Pinterest advertising partner, offering Amazon advertisers as an incremental demand source." Kelley's comments comes after Amazon held its Prime Big Deal Days event earlier this month.

Persons: Mark Kelley, Kelley, Kelley's, — CNBC's Michael Bloom Organizations: Amazon, Deal

The case is the latest example of the Federal Trade Commission cracking down on deceptive e-commerce consultancies that target consumers and fledgling online businesses. The Cresto brothers also took 35% of any profits from their "partners'" e-commerce stores, the complaint says. The suspensions left Empire's clients deeply in debt, the FTC alleged, "because Empire typically had its clients pay for inventory on credit cards." The scheme is ongoing and defrauding consumers of tens of thousands of dollars, according to the FTC. Amazon and Walmart did not immediately respond to CNBC's requests for comment.

Persons: John, Roman Cresto, Ecommerce Organizations: Amazon, Walmart, Federal Trade Commission, FTC, Southern, Southern District of Locations: U.S, Southern District, Southern District of California, Italy

☆ I've made $800,000 in sales this year selling products on Amazon — and I only work up to 10 hours a week doing it
▼ + stars: | 2023-08-05 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +5 min

Ben Alistor started selling tanning mitts on Amazon FBA as a side hustle with his partner. I started my business selling products on Amazon FBA, or Fulfillment by Amazon, where people can sell items on the platform, but where Amazon handles the shipping, in June 2018. I tested out a few different price pointsSelling on Amazon FBA is a fine balance between running out of stock and not selling enough products. But we kept ordering some products, such as some toys, for four years because they kept selling. I work around 50 hours a week in total, but I've now streamlined my Amazon business so I work around 10 hours a week on it.

Persons: Ben Alistor, There's, —, We've Organizations: Amazon, Amazon FBA Locations: London, England, China

☆ Amazon Fresh stores are installing self-checkout after years of trying to get customers to use Just Walk Out tech
▼ + stars: | 2023-08-03 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Amazon told Bloomberg that self-checkout is part of an effort to make Amazon Fresh attractive to more shoppers. "The customers that enjoy Just Walk Out in the Fresh stores, they really love it," Tony Hoggett, Amazon's senior vice president of worldwide grocery stores, told Bloomberg. "We are always looking for ways to make the shopping experience at Amazon Fresh as convenient as possible," an Amazon spokesperson told Insider. Besides Amazon Fresh, the company has also added the technology to some Whole Foods stores and its Amazon Go convenience stores. Within Amazon, 25 Fresh stores in the US have the technology, an Amazon spokesperson told Insider.

Persons: aren't, Tony Hoggett, Amazon's, Jason Buechel Organizations: Bloomberg Businessweek, Service, Amazon, Bloomberg, Foods, That's, Kroger, Walmart, Costco Locations: Wall, Silicon, Chicago, Southern California

[1/3] A man called David checks his phone as he stands near a fan to cool off, during a heatwave across Italy, in Rome, July 14, 2023. A heat wave has hit southern Europe during the peak summer tourist season, breaking records - including in Rome - and bringing warnings about an increased risk of deaths. Spain is expected to endure higher-than-average temperatures this summer, with two heatwaves already baking the country in June and July. Amazon Business, where companies can order supplies, saw more than a 20% increase in portable air-conditioning unit sales across Spain, Italy, and France this month compared to July last year. Smaller devices, like hand-held fans and fans worn around the neck, were also selling in their thousands.

Persons: David, Guglielmo Mangiapane, Angela Lonardo, Leroy Merlin, Elisa Anzolin, Corina Rodriguez, Helen Reid, Sharon Singleton Organizations: REUTERS, El, El Corte Inglés, Amazon Spain, Amazon, Thomson Locations: Italy, Rome, MADRID, MILAN, Southern Europe, Europe, United States, El Corte, Madrid, Spain, Seville, Sensibo, France, Corte, Milan, London

☆ The future of Amazon's Honeycode cloud service is not looking so sweet
▼ + stars: | 2023-07-14 | by ( Eugene Kim | Ashley Stewart | ) www.businessinsider.com time to read: +3 min

Amazon's AWS Honeycode app-building software is being phased out. It's business application team has struggled. Another Amazon business application is struggling. This time it's AWS Honeycode, a cloud-based app-building service. Besides Honeycode, Amazon has axed the Halo health band, the Scout delivery robot, and a number of long-term projects from its Grand Challenge moonshot lab.

Persons: Honeycode, they're, hasn't, Slack, Sriram Devanathan, Adam Bosworth, Adam Seligman, Seligman Organizations: AWS, Amazon, Service, Amazon Connect, SAP, Google, Microsoft

MediaNews Group | The Riverside Press-Enterprise via Getty ImagesOf the many acts that can get an Amazon merchant kicked off the site, few are as devastating as selling stolen goods. But suspended sellers, who spent years building their businesses on Amazon, told CNBC they had no idea they were selling stolen products. In an email to CNBC, Amazon said it's working with authorities and doesn't comment "on matters that are the subject of active law enforcement investigations." Tracing the stolen goods supply chainIn tracing the supply chain for suspended sellers, some patterns started to emerge. "Chances are stolen goods or similar ASINs/serial numbers are being bled in to every supply line," the employee wrote.

Persons: Levoit humidifiers, Frank —, Frank, Kenzo Sobrie, Dyson, blenders, they'd, Joe Quinlivan, Sellers, they've, Chris McCabe, Ricky Sala, what's, Sala, he'd, Tien Ngo, Ngo, Stride, Daniel Acker, ASINs, Armen Babayan, illicitly, Babayan, KZ, Juniper, couldn't, Cameron Webb, Kevin Cole, didn't, He's, Sobrie Organizations: MediaNews, Riverside Press, Enterprise, Getty, Amazon, CNBC, Retailers, LG, KZ International, California, Patrol, KZ, CHP, Amazon.com Inc, Amazon Robotics, Bloomberg, Oregon Prep Center, Facebook, FBI, Washington State Office, Ngo Wholesale Distributors, Ngo, Co, Wholesale, Los, Juniper Holdings, Telegram Locations: Eastvale , California, KZ's, Huntington Beach , California, Westborough , Massachusetts, Los Angeles, Miami, The Miami, New York, Washington, Santa Fe Springs, Los Angeles County, Garden Grove, Orange County, California, Huntington Beach, California , Florida, New Jersey

☆ Amazon to expand office supplies business after pandemic sales boost in Europe
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +1 min

LONDON, April 20 (Reuters) - Amazon plans to expand its business selling office supplies in Europe and internationally after the pandemic helped boost sales as companies shopped more online and looked for bulk discounts. Amazon Business' gross sales in Europe grew at a compound annual rate of 25% from 2020 to 2022, vice president Alexandre Gagnon said in an interview. In Europe, the business launched first in Germany in 2016, then Britain in the following year, followed by Italy, Spain and France in 2018. "Because businesses buy in larger quantities, the fulfilment economics are more advantageous," Gagnon said, adding that Amazon gives companies discounts for bulk orders. Amazon Business clients in the region include Siemens Gamesa, Centrica, and ABB, the company said.

☆ Amazon CEO Andy Jassy says his letter to shareholders follows one of the toughest economic years in recent memory. Read it in full.
▼ + stars: | 2023-04-13 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +38 min

Further, as machine learning adoption has continued to accelerate, customers have yearned for lower-cost GPUs (the chips most commonly used for machine learning). While some areas of the economy have struggled over the past few years, Amazon Business has thrived. Some people have never heard of Amazon Business, but, our business customers love it. For years, Amazon customers had asked us when we'd offer them an online pharmacy as their frustrations mounted with current providers. More recently, a newer form of machine learning, called Generative AI, has burst onto the scene and promises to significantly accelerate machine learning adoption.

☆ Amazon CEO Andy Jassy says he's confident he can get costs under control in shareholder letter
▼ + stars: | 2023-04-13 | by ( Annie Palmer | ) www.cnbc.com time to read: +38 min

☆ I made over $10 million in revenue on Amazon last year. Here's how my husband and I became sellers and earned enough to buy our dream home.
▼ + stars: | 2023-03-21 | by ( Julie Peck | ) www.businessinsider.com time to read: +8 min

In 1999, My husband Andy and I became house parents at the Milton Hershey School. The decision for us to eventually go back and become house parents was an easy one. Throughout our 15 years as house parents, we helped raise around 100 junior high- and high school-aged boys while also bringing up our two biological children. While Andy worked for the Amazon business full-time, I stayed at Milton Hershey School and wrote curriculum. Last year, we made more than $10 million in sales, and we have a team of 47 people who we can comfortably pay to run our Amazon business.

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