Andy Dunn:

If you’re selling other people’s brands, you are competing not via a local group of competitors but with everyone. In this type of market, you might imagine having one large national winner. You might imagine that winner is ruthless about scale and cost, and is run by a visionary leader who with an extreme long-term focus. Such a company might not make real money for a long time — but when it does — it will be incredibly powerful.

Very similar thoughts to mine. Andy analyzes why it’s tough to be profitable in eCommerce and presents some great recommendations on how to build sustainable eCommerce companies.