The Success Of Amazon And Jeff Bezos
When Jeff Bezos bought Amazon, Amazon was a private company and had only been in existence for five years. Amazon was involved in e-commerce but not trading.
Bezos was fascinated with the idea of launching an online retail store with Amazon. Although he never owned an online store or opened one himself, he was convinced that the time was right to use this platform to bring together people from different locations to shop. As a private company, Amazon did not have to show financial statements or make reports to anyone. Bezos was convinced that his business strategy would work very well.
When Bezos first decided to get into e-commerce, it was still an idea in the back of his mind. He attended a web marketing convention and realized that the concept of selling physical products was extremely useful. He took notes and started to think about the logistics of a physical store. While attending Harvard Business School, Bezos had already come up with the idea of building a distribution network to sell products to customers.
People need a product almost instantly, because they need it and want it instantly. Bezos saw that products were almost never available on the shelf immediately. There was a better way to get products to customers quickly. In recent years, the world has experienced an explosion of e-commerce. People use e-commerce to buy products from their homes or even more easily, they use e-commerce to sell products they no longer need to the internet.
The internet makes it very easy to get the goods from point A to point B to customers as quickly as possible, so there is no problem in offering a quick delivery service. The price and delivery service offered by an online retailer are more competitive with traditional retailers than they are with a brick and mortar location. A quick delivery service means the customer will not have to wait a long time to get their item. A lot of people prefer to buy items online without having to pay large amounts of money.
After having a look at the success of many online stores and how fast they sell items, customers were impressed with the results. It meant these people were actually buying the products, so they were not just taking advantage of the freebies. The fastest way to get customer feedback on an online store is to give a customer a free trial or product for testing. Customers like to feel like they are getting something for nothing. The customer gets the feeling that they got something for free, then they will return to the store to get more products or services.
Customer feedback also helps improve the retailer’s products. Any good retailer should also be taking the customer’s suggestions and improving their products. A great retailer has a very good reputation, and customers like the fact that a retailer will listen to their ideas and improve their products as well.
Customer satisfaction has been a key factor in successful businesses. This is why it is not unusual for a retailer to have feedback for their products, or to listen to suggestions of their customers. The internet allows people to communicate easily with retailers and if their customers are happy with the goods, the retailer is sure to hear them loud and clear.