Amazon: The Success Story

Amazon: The Success Story Of Jeff Bezos

At first, Amazon was started in the name Cadabra in 1994 by Jeff Bezos. It went online as amazon.com in 1995. When started it was a small online store and today Amazon is the largest online retailer in the world. The company’s name Amazon has become as big as the amazon river. It is the inspiration for other several online businesses and Amazon.com is the world’s third-largest information technology company by revenue.

The growth of Amazon

As usual like every other startup, Amazon too was not accepted among people and today it was accepted globally as the best site to buy goods online. The secret behind their drastic success of the company is they mainly focused on the customer and perfectly predicted the future shopping methods. The initial business plan of the founder Jeff Bezos was so innovative and no other has this sort of idea Jeff Bezos's idea was totally different from others. Today Amazon offers cloud-based storage, computing services, streaming of movies and songs for a flat annual subscription. Amazon started to move to the next level of their business by selling everything from a music CD, toys, sporting materials and now even groceries.

Products Of Amazon

• Amazon Kindle: The Amazon Kindle was a series of
  e-readers. Amazon Kindle devices enable the users to browse, buy, download, and read e-books, newspapers, magazines and other digital media using wireless networking to the Kindle Store. The Kindle sales contributed a huge revenue to amazon.
• Amazon Prime: Amazon Prime is a Membership in which we can receive benefits that include free fast shipping, streaming of movies, TV shows, music, exclusive shopping deals, unlimited reading, and more. 
• Amazon Echo: Amazon Echo is a smart speaker created by Amazon. The device would be connected to the voice-controlled intelligent voice assistant service, Alexa. which responds to the name “Alexa”. The device is capable of voice interaction, music playback, making to-do lists, setting alarms, playing audiobooks, and providing weather, traffic and other real-time information. 

REVENUE OF AMAZON OVER THE PAST YEARS

232.9 billion USD

Stock price: AMZN (NASDAQ) $1,788.20 -7.57 (-0.42%)

Number of employees: 647,500 (2018)