Coronavirus: What It Means for Amazon Sellers and Entrepreneurs
Recorded live as COVID-19 hit, Steve hosts an open discussion on supply chain risk, getting payment terms from Chinese factories, and staying level-headed instead of panicking.
Steve Simonson
On-air link:awesomers.com/174
Show notes
This episode was recorded live on Zoom and Facebook as the early days of COVID-19 were upending travel and supply chains. Steve and a group of sellers talk through what's actually in their control: staying calm, avoiding doomscrolling, and getting practical about their businesses instead.
A good chunk of the conversation covers using export credit insurance like Sinosure to get real payment terms from Chinese factories instead of paying everything upfront, something Steve argues most sellers never even ask for.
A snapshot of how the seller community was thinking through uncertainty in real time.