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Non-Tech : Kirk's Market Thoughts

COHR 185.66

+5.7%

Dec 19 3:59 PM EST

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To: Robohogs who wrote (4531)	12/6/2016 9:55:11 AM
From: Kirk ©	3 Recommendations Recommended By berniel Investor Clouseau toccodolce Read Replies (2) of 26812

They may actually believe the personal PR they espouse for public consumption, but in the end, their goal is to make as much money from that same public. Amazon has the distinction of being the very first company to screw me as a small business. Back in 1997 when I started writing about investing on the internet as a way to both help others save money over expensive, unethical brokers and brokerage houses WHILE MAKING MONEY.... Amazon offered me 15% commission to link to their books on my recommended reading list. I had two main web pages back then... a list of financial links that Yahoo! Finance recommended and my recommended books. Amazon encouraged us to open "online stores" to recommend their products and sell to our readers. I had a small but loyal following and they would buy books from my store to support me. Over time, Amazon slashed the commissions AND they stopped paying for repeat orders from my high volume customers! I didn't mind the lower commissions (4% today vs 15% back then) as I figured they were paying up to build volume, but they told me I couldn't make money "helping good customers in my store select products for the 4% commission." What they did was use us to spread the word and get a list of customers they could market to directly while eliminating the commissions for the larger customers for those who built the relationship for them. They were not the first.... Google markets directly to searchers what they find makes money from their partners... Anyway, the business of business is making money and they do it by making laws and rules that favor them over competition as well as buying the competition or just crushing them with business practices. None of them are angels.

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