Post by sakibkhan47 on Feb 22, 2024 3:05:51 GMT -7
The source of Amazon's astonishing success is just one of the many mysteries – and controversies – surrounding the giant. Jeff Bezos' company has become the world's most powerful trading platform outside China. As? The intuition of wanting to amaze his customers led Bezos to create an ultra-effective, if questionable, organization that has hundreds of millions of buyers. A bit of history : the main stages July 1995 . After resigning from Wall Street, Jeff Bezos moved to Seattle to open an online bookstore: the site is called Amazon. The letter A is not accidental, but serves to facilitate positioning in web search catalogues, which at the time were in alphabetical order. Amazon Marketplace was born in 2000 , opening the platform to thousands of small businesses. Then follow other intuitions such as Amazon Prime (announced in 2005 ); in 2009 , another strategic move was to launch the Kindle, at a time when ebooks were becoming ultra popular.
Bezos becomes a key player in that market too. In 2016 , Amazon Croatia WhatsApp Number opened the first supermarkets without checkouts or cashiers and ultra-connected. And we come to today. Amazon, already present in entertainment with Amazon Studios and Prime Video, will take over the film production company MGM in March 2022 . An acquisition worth 8.45 billion dollars and the most important operation in the company's sector. What is the recipe for such success? It is Bezos himself who identifies the 3 pillars of online commerce: vast choice low prices fast and reliable delivery Amazon strategy Source: Amazon Web Service This is said to be a pattern that Jeff Bezos wrote on a napkin in 2001 . This is the model called Amazon Flywheel . Low prices bring more customers.
Which translates into a better experience for them, who return to the platform, increasing traffic. Traffic attracts more sellers, thus a greater selection of products, which again brings us back to a better customer experience . You then get to have even more customers and so on. Optimizing any part of the system speeds up the entire cycle. And it is not an exaggeration to say that one of Amazon's pillars is "lots of choice". We all know, whatever you need, you can find it on Amazon. Are you looking for a chicken harness? Here she is!
Bezos becomes a key player in that market too. In 2016 , Amazon Croatia WhatsApp Number opened the first supermarkets without checkouts or cashiers and ultra-connected. And we come to today. Amazon, already present in entertainment with Amazon Studios and Prime Video, will take over the film production company MGM in March 2022 . An acquisition worth 8.45 billion dollars and the most important operation in the company's sector. What is the recipe for such success? It is Bezos himself who identifies the 3 pillars of online commerce: vast choice low prices fast and reliable delivery Amazon strategy Source: Amazon Web Service This is said to be a pattern that Jeff Bezos wrote on a napkin in 2001 . This is the model called Amazon Flywheel . Low prices bring more customers.
Which translates into a better experience for them, who return to the platform, increasing traffic. Traffic attracts more sellers, thus a greater selection of products, which again brings us back to a better customer experience . You then get to have even more customers and so on. Optimizing any part of the system speeds up the entire cycle. And it is not an exaggeration to say that one of Amazon's pillars is "lots of choice". We all know, whatever you need, you can find it on Amazon. Are you looking for a chicken harness? Here she is!