- Hey guys, it's Craig.
So when is Prime Day 2020?
Amazon says it's coming
down their website,
but when?
We're running out of months left in 2020.
And if one does happen,
what can we expect from it?
And really, do we need one this year?
Since I cover a lot of Echo
products on the channel,
I've had people asking me
if I knew when Prime Day is
happening this year.
I have no idea.
Amazon won't take my calls.
But that's not gonna stop us.
There are rumors out there
and it looks like there might be a date.
Before we talk about the rumored date
and what we can expect
from Prime Day 2020,
let's look at the kind
of year Amazon has had
for some perspective on why
Prime Day hasn't happened yet,
or may not even happen at all this year.
With the coronavirus pandemic happening,
many of us have not been out
and about like we used to.
Food deliveries and Amazon deliveries
have reached all-time highs.
Many businesses have been devastated,
but Amazon has seen huge growth
and more business than ever.
To the point that Prime Day
may be too much for Amazon
right now.
To paint a picture to show
you how busy Amazon has been,
here's some numbers from
an article in Forbes.
Since March, Amazon has increased
in value by $570 billion
to a value of $1.49 trillion.
Putting it as the third
largest company in the world
behind Microsoft and Apple.
Amazon's stock bottomed out
in March at $1,600 a share
and it is now at $3,000 a share.
Man, that would have been nice
to get in on some of that,
but who would have thought
that it would climb like this,
especially in this environment?
Now, not all these gains are
from just sales of products,
but also from an increase in
uses of Amazon Web Service,
which delivers a lot of
traffic on the internet.
- Jeff Bezos net worth on
his 11% stake in Amazon is
$178 billion dollars,
that's up from $117.9
billion at the end of 2019.
Now, I share these numbers
not to make you angry
that Amazon or Jeff Bezos
have made so much money
during this crisis.
But to point out how much
business has shifted to Amazon
this year.
If anything, I think
people should appreciate
how Amazon sells pretty much anything,
has been able to help
with social distancing
and while offering good
prices on most things.
But maybe that is just me.
Now, in an interesting article
from the New York Times
titled "Reliable Amazon isn't Anymore",
the author talks about how at
the beginning of the pandemic,
Amazon would offer extended delay times
to discourage customers
from buying certain products from Amazon
since they couldn't get
them in the usual two days.
And used the extended delivery time
to give Amazon some leeway in
being able to fulfill orders.
Amazon was so busy they were
willing to turn away business
and really trying to manage
customer expectations
during this time.
Now in 2019, Amazon sold 175 million items
during Prime Days,
making it the biggest shopping
event ever for Amazon.
Even bigger than the previous
year's Black Friday sales.
With the volume Amazon
is dealing with now,
they may not be able
to handle the pressure
of another 175 million plus items to ship
from a Prime Day event.
Now let's say Prime Day moves forward.
What can we expect?
Prime day is always a great time to find
deep discounts on Amazon products.
If you have been considering
any Echos, fire devices,
Kindles, ring products and
even some of their services,
Prime Day is your best bet.
Now, assuming Amazon has
its usual September event
with new devices,
maybe we'd even see discounts
on those new items too.
Now, along with Amazon
devices and services,
you will find many deals
across all categories.
Last year saw some MacBook Pros and iPads
with discounts up to 50%.
You'll find great deals
on TVs, home goods, toys,
and pretty much any department.
It could be a great
thing to find a deal on
with so many people working
and doing school from home,
it's been kinda hard to
find affordable laptops.
Deals on items like laptops
do go fast, so jump on them.
But do some research first.
Not all Prime Day deals are good deals.
The thing you wanna look out for
is some sellers use Prime Day
to clear out older inventory
and the prices aren't
that great of a deal.
Some third party sellers
advertise Prime Day deals
that are not much different
than their normal price.
Do research to see how
good of a deal it is
before you make a purchase.
Also consider looking at other stores.
Prime Day tends to be
good for other businesses
that jump on the Prime Day bandwagon.
Last year deals could be found from
Best Buy, Walmart,
Target, and many others.
Once an official date is
launched for Prime Day,
there is a good chance
we are gonna see deals
from other retailers.
This can be great to help other businesses
that may need it in this economy
and bring greater savings to more people.
Think about instead,
shopping and helping out
some of the other businesses in your area.
It may lead to more jobs and
put more people back to work,
which would be great.
When is Prime Day 2020 going to happen?
Amazon is telling us it's
coming on their website
and we do have some information
about possible dates
or at least, the month.
In an article from Business Insider,
a leaked email was obtained
that was sent from Amazon
to third party sellers.
Amazon informed sellers that October 5th
was the placeholder day for Prime Day.
This October timeline
may have been confirmed
when Amazon Finance Chief, Brian Olsavsky
confirmed on an earnings
call that Prime Day 2020
will take place in the fourth quarter.
Now fourth quarter means
October through December.
In December, we have the
normal holiday business.
So that's probably not gonna happen.
November, we would see Black
Friday and Cyber Monday event,
so probably not gonna happen there.
So that really only leaves October.
Or skip it all together
and go with Black Friday.
We'll have to see,
but for now you might wanna
hold off on some Amazon products
and plan for an October 5th Prime Day.
And if it doesn't happen then,
you're so close to Cyber
Monday at that point.
It might make sense to wait until then.
Now do we really need Prime Day this year?
Are the deals that great
for the essentials that
many people could use it?
I don't know.
It could be good for the economy
and businesses who jump on the bandwagon.
It could help bring savings
when a lot of people needed it
on some essential items,
or it could be a bunch of deals
on stuff we don't really need.
We'll have to see what October brings.
Are you hoping for a Prime Day, 2020?
If so, what kind of deals
are you looking for?
Next, make sure to check
out this video over here
to learn about
a new health and wellness
product from Amazon.
It's kind of an interesting one.
So check that out.
I'll see you over there.
Thanks for watching, bye.
