OEM goods have a great scope for business. OEM by the way stands for Original Equipment Manufacturer. There have been a lot of people whom I have seen doing business in OEM goods.
What they do is that they buy goods from the original manufacturer and then sell it in other countries.
This way of doing business has had its own share of ups and downs. However, with the changing trends and with the changing business analytics, the way of doing business has changed too. Now with the emergence of Ecommerce, things have started taking a different turn. I personally know a guy who used to buy OEM goods and sell them on Amazon. He was doing pretty well until Amazon suspended his account.
My friend was a hard working guy and used to sell many things on street markets. With the passage of time, he started selling OEM goods on the streets and then went on to open his own small shop. However, with the emergence of Ecommerce, especially with the success of online shopping, his business took a beating. He was sure of the fact that there was a huge market for OEM in the country and that it was purely because of the fact that online shopping portals had emerged that his business had stuck. He decided to move on with time and embraced the concept of selling online.
He joined Amazon as a seller and started selling his OEM goods there. The aforementioned sentence belongs to many years ago when online market was still in its infancy and yet had started creeping its way up. He joined Amazon at that moment only and to his utter dismay, he was found wanting on many fronts. He improved his service and still the number of customers were not that large.
However, instead of being disheartened, he continued on his pursuit of excellence and sooner than later, he was reaping rich dividends. Initially, when the concept of ecommerce was new, there was only a selected clientele that bought from sites like Amazon but with a sudden boom and consistent expansion, that person also started getting a lot of orders inflow and his honesty coupled with his hard work, soon made him a top rated seller.
However, a few days back, all hell broke loose, when he came to know that he has been banned from Amazon as a seller for lifetime. All the hard work and all the sweat that hat he had broken in order to establish this business can be seen going down into the drain. On asking the reason, he told me that Amazon has said nothing about the issue and they have directly banished him for lifetime. On further enquiry, I came to know about his credentials and they were straight from the top drawer.
He does not know the reason of being suspended from Amazon and he is deeply worried about his family and how he is going to make two ends meet.
Resources:
http://markets.ft.com/research/Markets/Tearsheets/Summary?s=AMZN:NSQ
http://www.bloomberg.com/quote/aMzn:US
