Covid 19 pandemic what does it mean to amazon sellers

Episode 175 Podcast Series with Steve Simonson

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Update: What's happening - all previously planned travel is off. Let's help Flatten the Curve! Don't be part of the problem.

Events this week -->

Amazon Seller Game Night
Amazon Seller Game Night

Product Savants - Webinar

Amazon Seller Sourcing

Empowery sent a FREE guide from the Business Practice to it's members, but you can get one for FREE too. - - just ask for the Business Practice CoronaVirus Planning Guide by Michael Shinnick

Here are some of the key areas to consider during this crisis:

1 - Focus On Cash

From a business perspective this is critical. Bring the business back to its basic element. Is it generating cash or burning it? More especially which investments in the business are generating or burning cash?

2 - Get Finance In Place Now

The old adage of Cash is King is so very true and especially so in uncertain times. There has already been positive measures announced by the Irish banks and Government this week aimed to help Irish businesses affected by the impending crisis. Italy, the USA, and a number of other countries have announced similar measures.

3 Plan To Work From Home

This is not always possible for every business nor for every role in a business but it is prudent with this virus to at least trim down the number of people in the office/building etc.

4 Staffing Cuts/Changes

This may not be necessary and it is fairly obvious that certain sectors (like travel, hospitality etc) are suffering the most right now and may need to look at some or all of these measures. Others may not need to go here at all but I am including them for completeness sake. Lets be honest the biggest single cost on most businesses Profit & Loss account is wages/salaries.

5 Communication

It is important for those in leadership roles to convey a sense of calm and exude the confidence that they have matters in hand, so as to avoid unnecessary panic.

6 Keep Marketing & Selling

For a business not to advertise is like winking at a girl in the dark. You know what you are doing but no one else does” – Stuartt H. Britt

7 Double Down On Your Existing Customers

Remember a bird in the hand is worth two in the bush."  Your current customers are the opportunity to make more sales without incurring the costs of finding a new customer

8 Be Level-Headed and Stay Positive
    • Panic and worry never helps

    • Look for small wins every hour/day

    • Sometimes less news is a good idea turn it off

9 And ..... Finally ......Take a chill Pill!!!!

 Relax, this is very likely very temporary ... plan, Don’t panic

Think about the big picture and don't be part of the problem. - for full show directory.

Consider these resources to help your business: - the non-profit member-owned co-op - the eCommerce focused global mastermind - learn more about the founder Steve Simonson

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Do you agree with Steve's comments on today's show? Connect with us using the below or find Steve on Twitter or Instagram @stevesimonson and let him know just how wrong he is. ;) The audience will still be able to keep in touch with the team online through the website and  the Facebook page .

Neither nor Steve Simonson personally have any direct affiliate relationships. Any promotion or affiliate links are Empowery links provided for the benefit of that vital non-profit member-owned cooperative.

Steve does own an investment interest in,, and Duvall Co-op Management.