Banks launch "bride price loan", Amazon sellers cry...

By scanning the QR code on the poster, the “Mobile Happy Loan - Pocket Money” page of a local bank is displayed.

According to a Southern Metropolis Daily reporter who called the bank's customer service, they learned that there is a business called dowry loan, which was launched today. Dowry loan is also called pocket money loan and can be processed through online banking, but the specific policy for dowry loan has not yet been formulated.

There is also a critical threshold for this loan: one of the couple must be a formal employee of an administrative or public institution.

Netizen: "Dowry loan, I've learned a lot"!

Netizen: "Ten Most Touching Banks in China" (smile)

Netizen: I can no longer refuse the “sky-high bride price”.

Netizen: The application requirement is to be a civil servant. Do civil servants need loans?

Netizen: Banks nowadays have lost their bottom line for the sake of profits. Will they launch "funeral loans" next time?

From the legal perspective, Article 1042, Paragraph 1 of the Civil Code states that "arranged marriages, marriage transactions and other acts that interfere with the freedom of marriage are prohibited. It is prohibited to demand money or property through marriage."

"Sky-high bride price" has always been a pain in the hearts of many workers, and this wave of "bride price loans" by a certain bank is really jaw-dropping.

For Amazon workers, the pain is not only the "sky-high bride price", but also the mid-life crisis .

According to the "2021 Amazon Seller Report" recently released by JungleScout, the median age of Amazon sellers is 39 years old, 65% of sellers are over 35 years old , and two-thirds of Amazon's huge seller group are men .

Among this group of 30+ Amazon sellers, some are unemployed and looking for a way out, some are middle-aged career changers who want to start their own business, and some make this choice because they are unwilling to be ordinary.

They left their hometown to start e-commerce business, packing and shipping products during the day and selecting products to sell at night. It was this group of people who created one BSR after another and made a large number of popular products abroad popular.

According to the "2021 Amazon Seller Report", Amazon's annual revenue is as high as 386 billion , with third-party sellers accounting for 54% of sales , and 85% of sellers achieving profitability.

• Half (50%) of Amazon sellers make more than $5,000 in monthly sales

• A quarter (25%) have monthly sales of more than $25,000

• More than half (50%) of sellers have achieved total sales of more than $50,000 since inception

• One in five (19%) have lifetime sales of more than $1 million

  
  

The time it takes for Amazon sellers to achieve profitability ranges from 6 months to 1 year . Many new Amazon sellers count their profits every day and quit after just three months.

Each of these sales amounts serves as a “ reflector ” for the sellers .

According to statistics, Amazon has 300 million global customers and 2.4 million active sellers.

It is not easy to get a share of the 2.4 million pie, and in 2021, another 1.5 million sellers will enter the market.

With so many sellers entering the Amazon market, is it saturated? Is there enough pie to share? Can you still make money?

In 2020, affected by the epidemic, some categories suddenly became popular.

Among the creators of these hit products, there are many "newcomers" and "surprises".

While it is often difficult for small businesses to become profitable in their first few years, Amazon sellers enjoy relatively high profit margins.

• 68% of sellers have a profit margin above 10%

• 36% of the profit margins exceeded 20%

• 20% of Amazon sellers make more than $100,000 in profit from inception to date.

Another 6% of sellers have become millionaires.

An important factor for high profits is low costs. Most sellers (58%) spend less than $5,000 to do business on Amazon, including product costs, Amazon fees and warehousing, and advertising; 28% of sellers spend less than $1,000.

Finally, I will inform everyone in our group as soon as there is the latest news related to cross-border e-commerce . During this special period, we must get the latest news quickly and accurately.

(Source: Cross-border Live)