Connect with us

Entrepreneur Stories

Amazon’s Inspiring Growth Through The Years

Published

on



The year was 1997 and Amazon was losing more money than selling the books it was so proud of having. However, with courage that would impressive even the fiercest lion, Jeff Bezos decided the best way to counter this backlash was by going public in the same year when profits were at an all time low. Going public on Nasdaq with $ 18 per share, Amazon proved everyone wrong. From the time of the IPO to present day, Amazon has grown so much that if you invested $ 10,000 in a share in 1997, your shares would currently stand at a value of $ 4.8 million! Here’s taking a look at the impressive growth of Amazon through the years.

1997 to 2000

The moment Amazon.com went public, it was like a brand new revolution hit the internet.

  • With close to 80K regular users, close to $ 2.4 billion was spent on online shopping and on the Amazon website.
  • At $ 18 per share, the valuation of this e commerce platform stood at $ 438 million, giving it hopes of becoming a profitable company despite the multiple losses.
  • Finally realising the importance of branching out into different sectors, Amazon decided to expand the number of products available from one to 17, with 143 subcategories a year after it goes public.
  • To increase the user experience, Amazon introduced the one click checkout and promptly patents it, realising no one else had that feature at that point.
  • By the year 2000, Amazon’s share value had started climbing up steadily and by the time the dot com bust was in the offing, the share value stood at $ 91 per share.
  • While several e commerce websites and other startups plummeted into destruction, Amazon stood on semi solid ground.
  • Despite the steep decline of its share value (from $ 91 to $ 15,) Amazon decided to launch Marketplace, a feature which not only let the e commerce platform survive the bad times, but also allowed third party users.
  • Increasing the users from 4 million to 5.5 million, this extremely smart move not only ensured the survival of Amazon during the bad times, but also ensured its ride through to success.

2000 to 2006 

From the increase in the number of users to the introduction of new features, Amazon saw a massive surge in the response from people.

  • Amazon broke the internet with Free Super Saving Shipping for orders worth over $ 99, providing online shoppers with incentives to buy more, thereby increasing their revenue.
  • Looking at the success the Free Super Saving Shipping service garnered, Amazon introduced the first Cyber Monday sale! Over the years, this sale became so popular, it accounted for $ 3.45 billion in sales, with the day it was launched earning the most revenue in 2016.
  • Entering into new services and products, Amazon launched Amazon Prime, a one day delivery guarantee for people with the Prime membership. So well received was this service, it inspired a similar launch by other e commerce platforms like eBay and Alibaba.
  • The year 2006 was quite a revolutionary year for Amazon, with the e commerce platform launching Fulfillment, a service for third party users. Now, this particular feature is available in over 100 countries!

2006 to present 

The year 2006 saw an increase in the kind of people buying phones online, with Amazon being one of the first platforms that started selling the iPhone on the internet. With over 80 % of the people shopping for everything from books to electronic gadgets on the internet, it comes as no surprise that Amazon is one of the most famous and revenue generating platform in the world. In fact, for the last couple of years, Jeff Bezos has been so wealthy, he has held the position of being one of the richest people for the last few years in a row!

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Entrepreneur Stories

OnePlus 7 And Everything You Can Expect

Published

on

OnePlus 7 And Everything You Can Expect,Startup Stories,Technology News 2019,OnePlus 7 Specification,OnePlus 7 Price in India Launch Date,OnePlus 7 Features,Brand New OnePlus 7,OnePlus 7 Latest News,New OnePlus 7 Phone Features,OnePlus 7 Price

OnePlus has been on a roll lately. While its recently launched OnePlus 6T is still making quite a buzz, rumours of a new phone from the series, the OnePlus 7, have started doing the rounds. Here is everything we can expect from the brand new OnePlus 7!

1. Design

Picture credits: Indianexpress.com

Like every other phone from the series, the new phone is going to adapt a new design as well. According to the rumour mill, the OnePlus team is going to create a slide mechanism to hide the front camera. The advantage of this? It allows for a full screen display, without any notches hindering the user experience. While other phone makers have adopted this technique, this is the first time a design like this will be seen in a OnePlus phone.

2. Triple rear camera

Picture credits: slashgear.com

One of the supposed new additions to the OnePlus 7 is a triple rear camera. A popular feature in other high end smartphones, the OnePlus is going to include 48, 20 and 5 megapixel cameras, while the front is likely to have a 16 megapixel camera. Moreover, a leaked image of the new phone shows a cutout hole protruding from the top edge. This could also signify the presence of a pop up selfie camera in the new OnePlus phone, a feature present in the Vivo Nex and Oppo F11 Pro.

3. Specifications

Picture credits: theinquirer.net

According to the leaks, the new OnePlus 7 phone is going to come with either an 8 GB or a 12 GB RAM. Furthermore, the Company is planning to ditch the wireless charging feature for this phone. Why? Because the cable being used is of an inferior quality and at this point, OnePlus doesn’t want to use anything that isn’t less than perfect. Incidentally, since its decision to give up the fast charging wire has been confirmed, OnePlus said, the new phone is most likely going to come with a 4,000 mAH battery with fast charging. People are also likely have the choice of getting a phone with either 128 GB or 256 GB internal space.

4. Pricing

Picture credits: theindianwire.com

According to the rumour mill, the new phone is going to cost around $ 549! While the new phone may be a little steep as compared to the other phones from this series, it is still cheaper than phones like the Samsung Galaxy S9 and Note 9.

While no clear indications have been given about the launch of the new OnePlus phone, the specifications definitely look exciting! What is the feature for which you are looking out the

Continue Reading

Entrepreneur Stories

Search Engine Marketing And Its Different Forms

Published

on

Search Engine Marketing And Its Different Forms,Startup Stories,What are the Different Types of Search Engine Marketing,Types of Search Engine Marketing,Defining the Different Types of Search Engine Marketing,Tips For Search Engine Marketing

In the basic sense of the term, search engine marketing is defined as a process which increases your site’s online visibility. While the basic sense of the term may sound simple, SEM in fact inlcudes various layers and types which ensure it is one of the most used forms of online marketing in recent times. To give you a clearer and simpler understanding of what SEM really is, we have narrowed down the different types of search engine marketing here!

1. Search Engine Optimization 

Search engine optimization (SEO) is the process of using techniques which come together in order to help improve your webiste’s online presence and in increasing the kind of traffic your website gets. By using a combination of things like content, keywords and website design, SEO, when done right, is directly responsible for an increase in the kind of revenue and footfall your website has on a regular basis. Just remember that at the core of things, SEO is all about the way you use the keywords at your disposal. While mostly meant for sites with HTML, SEO can also be used for new websites and links. Part art and part science, search engine optimization is one of the best ways to increase your website’s online presence.

2. Search Engine Advertising 

Unlike Search Engine Optimization, Search Engine Advertising follows a different principle. Based on a PFP model, search engine advertising works through paid forms of marketing. This essentially means that you pay a certain amount to ensure a higher rank in search engines. In order to make the most of your PFP campaign, you need to keep an eye on the following five factors:

  • Bid Price
  • Keyword Selection
  • Ad Distribution
  • Ad Copy
  • Effective Landing Pages

Only when and if all the five factors come into place can your search engine advertising campaign result in success.

3. Paid Submission

 

When it comes to paid submissions for search engine marketing, the process is different. In this type of marketing, people pay a certain amount to have their websites reviewed by professional editors. While there is no guarantee that you are ensured an entrance in to the directory, paid submission is still a much appreciated form of search engine marketing. To simplify things further, a successful directory campaign is based on how effectively you use your budget and keywords.

Search engine marketing becomes a success only if you use all the tools at your disposal. If you think we missed out on any other types and forms of search engine marketing, comment and let us know!

Continue Reading

Entrepreneur Stories

Jack Ma Life Lessons

Published

on

Jack Ma Life Lessons,Startup Stories,Best Motivational Real Life Stories 2019,2019 Real Life Inspiring Stories of Success,Jack Ma Inspiring Story,Jack Ma Story,Jack Ma Latest News,Inspirational Life Story of Jack Ma,Alibaba Founder Life Lessons,Jack Ma Success Story,5 Secrets from Jack Ma

Jack Ma, the first Chinese entrepreneur to feature on Fortune’s “World’s 50 Greatest Leaders” 2017 list, gave birth to Alibaba from just an idea to an institution. Running Alibaba, one of the largest e commerce platforms in the world, Jack Ma has led an inspiring life. Here is taking a look at some truly inspiring life lessons from Jack Ma, the man behind the second largest e commerce platforms in the world.

Jack Ma Life Lessons:

1. Accept rejection

Picture credits: economictimes.com

According to Jack Ma, rejection is a part and parcel of life. Born to an extremely poor family, Ma realised early on, in order to get something in life, you have to keep struggling to make sure you succeed. His first major taste for rejection happened when he was 23. KFC was opening its Chinese stores and Ma thought this was the best way to make some much needed cash. However, when he applied, he was the only one amongst 24 people to get rejected. This was not the only time he got rejected from something he really wanted. Even his dream college, the Harvard University, rejected him not once, but ten times. If Jack Ma had given up and stopped trying to make a life for himself, Alibaba would not be what it is today! Therefore, in order to reach your goals, you have to accept the rejections as they come and continue working hard.

2. Ignore the negative people in your life

Picture credits: manufacturingglobal.com

There are always people in your life who are going to say no to whatever idea you have. The best way to ignore the negative people in your life is by accepting your dream and working hard to make them come true. The first startup he created, Alipay, was rejected by not just his acquaintances, but by his friends as well. If he had listened to the negative comments and shut down the site because people didn’t like the idea, Alipay would not be the largest mobile payments platform. Moreover, people in China wouldn’t have been introduced to a new form of online payments had Jack Ma not worked on the idea despite the negative people.

3. Let your vision have a positive impact on society

One of the things Jack Ma truly believes in is, it is important for your vision to have a positive impact on the people around you. Most people create businesses which help generate revenue for themselves. However, Jack Ma was slightly different. He constantly focused on creating a platform which not only changed the way people shopped online, but also had a positive impact on his employees and colleagues. Furthermore, he realised very early that money isn’t the driving force for success, helping other people is. Through this vision, he made sure everything he did was to impact the society in a better way!

4. Don’t allow the past to dictate your present

Picture Credits: benzinga.com

According to Jack Ma, your past life isn’t an indication of what works and doesn’t work for the present. If you are too focused on how things worked in the past, you stop thinking of how to change the game for the present. Using this principle in everyday life, Ma made sure that whatever he does, he doesn’t stop thinking of how to work on the next big idea!

5. Your customers are always your priority

Picture credits: reuters.com

According to Jack Ma, customers always come first, no matter what. Next come the employees and then, the shareholders. According to Ma, the shareholders always come and go, but the customers will always be the most important thing for the growth of your company. Customers are the ones who drive your company forward and are the ones who give you the push to make something great.

Jack Ma has always ensured that everything he does, he does it for the betterment of the people who work for him. With success lessons like these, it stands to see that the man has led a truly inspiring life. If you think we missed out on any other life lessons from Jack Ma, comment and let us know!

Continue Reading
Advertisement

Recent Posts

Advertisement