this post was submitted on 29 Sep 2023
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The Best Thing About Amazon Was Never Going to Last | If shopping on the site feels different now, that’s because it is (www.theatlantic.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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The Best Thing About Amazon Was Never Going to Last | If shopping on the site feels different now, that’s because it is::If shopping on the site feels different now, that’s because it is.

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[–] treefrog@lemm.ee 4 points 1 year ago (1 children)

Amazon is the mall Best Buy is paying rent too. It's not a store itself but overhead the store pays.

To use your example if the cost of the cables is $2 and the selling price is $20, Amazon's rent is $10 of that. Leaving $8 as Best Buy's profit margin.

[–] NAK@lemmy.world 0 points 1 year ago* (last edited 1 year ago)

Exactly. Amazon is essentially running a huge chunk of a retail business for their customers, the people buying and selling products. The reason you pay these fees is so you don't need to run a website, build and maintain warehouses, pay staff like HR, etc etc