Business
Amazon CEO Jeff Bezos Reveals Third Party Sellers are Outperforming First Party Business
Last month, Amazon’s annual letter was shared with all the shareholders. In that letter, details regarding the last 10 years were shared, along with the conclusions of how the third party sellers of Amazon are doing much better business than Amazon’s actual first party main business. The CEO of Amazon, Jeff Bezos, wrote in the letter, “To put it bluntly: Third-party sellers are kicking our first party butt. Badly.”
According to the data shared in the annual letter, the sales from third party sellers make up for more than 58% of all the gross merchandise that Amazon sells. From $0.1 Billion in 1999, these sales have risen up to $160 Billion in 2018. Despite multiple 3rd party sellers getting their accounts suspended, the sales are at all time high. And one of the reasons that can be attributed to this is the onset of services like Younglanes, which provide cost effective Amazon Appeal Services, like support in suspension prevention, account reinstatement, trademark violations, listing removals, and so on.
Now when the sellers are able to fully retrieve their accounts and continue selling on Amazon, the sales are definitely set to rise. As per the Amazon records, the total number of small and medium sized businesses is approx. 2 Million. These businesses include people who are delivering things under Amazon, self published authors, as well as the developers who are building the Alexa skills.
If the earnings of these businesses are considered, then on an average, each 3rd party seller in US is earning approx. $90,000 per year by just selling through Amazon. Since Amazon has been accused of wiping other modes of retail, this news has come as a proof about how Amazon is actually helping small retailers and businesses grow through its platform.
Business
Private Listings by Harold X. Clarke: A New Approach to Fine Real Estate
Byline: Andi Stark
Private Listings by Harold X. Clarke, a real estate platform operating across Hawaii, is rewriting how properties are bought and sold in the region. Unlike larger firms reliant on public listings and mass marketing, Private Listings’ strategy prioritizes personalization, privacy, and meticulous curation of ultra-high-end, off-market properties, including oceanfront estates, gated community residences, and architectural masterpieces.
Harold Clarke, founder of Private Listings, describes their method as one that rejects “cookie-cutter solutions in favor of understanding the nuances of both buyers and sellers.” This approach has resonated with ultra-high-net-worth individuals (UHNWIs) seeking refined and discreet real estate transactions.
The Hawaiian real estate market remains a hub for global investors, with the median price for a single-family home in the state reaching $900,000 in 2024, according to the Hawaii Association of Realtors. Within this competitive landscape, Private Listings is building up to be a trusted name for properties that extend beyond luxury into generational investments.
Challenging the Industry Norms
Private Listings deliberately avoids the conventions of large-scale real estate firms. By focusing on fewer, higher-value properties, the company ensures that each transaction is treated with the same level of care and confidentiality.
Public listing platforms, while effective for broader markets, often expose sellers to unnecessary attention or unqualified inquiries. For Clarke, this model is misaligned with the needs of UHNWIs. “Privacy isn’t a luxury for our clients—it’s a necessity,” Clarke explains.
This philosophy has led Private Listings to handle some of Hawaii’s most significant real estate transactions, including off-market properties valued at over $40 million. Its success is not measured by the volume of listings but by the depth of trust built with clients, many of whom return for subsequent transactions.
Adapting to Changing Client Demands
While Private Listings maintains a foundation of traditional practices, the firm also recognizes the evolving needs of its clientele. The global real estate market is increasingly influenced by concerns over digital security, with a 15% rise in data breaches targeting high-net-worth individuals in the past three years, according to cybersecurity firm NortonLifeLock.
To address these risks, Private Listings employs rigorous screening for potential buyers and uses secure platforms for communication and transactions. The firm’s “by invitation only” model ensures that clients remain protected from the pitfalls of public exposure. Clarke notes, “Our goal is not just to sell homes but to create an environment where clients feel safe and confident during every step of the process.”
The Human Element in Real Estate Transactions
Despite advancements in technology, Private Listings firmly believes that real estate transactions cannot be reduced to algorithms or automation. Unlike firms that depend heavily on online data aggregation, Private Listings emphasizes human connection and insight.
The company’s sales strategy integrates personalized client interactions, in-depth market analysis, and years of experience navigating Hawaii’s unique real estate ecosystem. Clarke’s background in managing family assets and his global perspective is significant in shaping this essence.
Future Directions for Private Listings by Harold X. Clarke
As Hawaii continues to attract global attention, Private Listings aims to expand its influence within the state while maintaining its core principles. The company is currently developing a new platform to streamline services for UHNWIs, blending their demand for discretion with seamless access to Hawaii’s finest off-market properties.
Additionally, Private Listings is strengthening its ties with local communities, recognizing that sustainable growth benefits both the company and the islands’ ecosystems.
Private Listings by Harold X. Clarke has set itself apart in Hawaii’s real estate scene by moving away from the typical mass-market approach. Through a mix of traditional values and modern sensibilities, the firm continues to define what it means to transact ultra-high-value properties with integrity and care.
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