Connect with us

Entrepreneur Stories

Amazon’s Inspiring Growth Through The Years

Avatar

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!

Loading...
Loading...
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published.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

Entrepreneur Stories

Warren Buffett Most Inspiring Quotes

Avatar

Published

on

Warren Buffett Most Inspiring Quotes,Startup Stories,Warren Buffett Quotes,Warren Buffett Motivational Quotes,10 Warren Buffett Quotes,Richest Man in World,10 Most Inspiring Quotes by Warren Buffett,Warren Buffett Latest News,Berkshire Hathaway CEO,Warren Buffett Success Quotes

The fourth richest man in the world, Warren Buffett is one of the greatest businessmen and investors of all time.  Known for succeeding in everything at which he tried his hands, Warren Buffett is an inspiration to many. Here are the 10 most inspiring quotes by the “Oracle of Omaha.”

 

Most inspiring quotes by Warren Buffett

1) About passion

2) About happiness

3) About expectations

4) About success

5) About spending

6) About the important rules of life

 

7) About reputation

 

8) About doing good

 

9) About investment

 

10) About greed and fear

 

From being a paper delivery boy, to becoming one of the richest men in the world, Warren Buffett is an absolutely inspirational figure.

 

Comment below and let us know which of these quotes by Warren Buffett inspired you the most. 

Continue Reading

Entrepreneur Stories

First Jobs Of Famous Billionaires

Avatar

Published

on

First Jobs of Famous Billionaires,Startup Stories,Famous Billionaires Jobs,Billionaires First Jobs,5 Famous Billionaires First Jobs,Billionaires Success Stories,Billionaires Working First Jobs,Billionaires Jobs,Top Billionaires First Job

The success stories of many billionaires around the world inspire many people of our generation and have, on several occasions, ignited a desire in many to start their own business.  However, many of these successful people began their career by working ordinary jobs. Let’s look at 5 such successful people, who started their career by working some very ordinary jobs.

 

First jobs of famous billionaires

1) Warren Buffett

Warren Buffett is the CEO of Berkshire Hathaway and is often referred to as the “Oracle of Omaha.”  However, this American business magnate started his career by selling Coca-Cola bottles, chewing gum and magazines door-to-door.  At the age of 13, he became a newspaper delivery boy and made $ 175 a month, delivering The Washington Post.  He continued to look for other business ventures and accumulated savings of $ 9,800 by the time he finished college.  Now, with a net worth of $ 82 billion, he is the fourth richest person in the world.

2) Michael Bloomberg 

Michael Bloomberg, who founded the financial, software, data and media company Bloomberg L.P., worked as a parking lot attendant when he was young.  Born to middle class parents, Bloomberg worked in a parking lot to pay his tuition fees in college and went on to graduate from Harvard Business School.  Now a well known philanthropist, Michael Bloomberg is one of the richest people in America, with a net worth of $ 53.5 billion.

3) Oprah Winfrey

Oprah Winfrey is a well known media mogul and entrepreneur, who worked as a grocery store clerk in Nashville to support herself.  She then landed a job in radio at the age of 16 and worked her way to the top, eventually owning her own production company. Now, with a net worth of $ 2.6 billion, she is considered one of the most influential women in the world and is a source of inspiration to many.

4) Li Ka Shing

Li Ka Shing was the former chairperson of CK Hutchison Holdings and CK Asset Holdings and is one of the most influential entrepreneurs in Asia.  Coming from a poor family, he started his career as an apprentice at a watch strap factory when he was 13 years old and at the age of 19, became the general manager of the factory.  He later started his own plastic manufacturing company and used the profits from the company to invest in real estate. Li slowly worked his way up the ladder of success and is now one of the richest people in Hong Kong, with a net worth of $ 27.1 billion. 

5) Mark Cuban

Mark Cuban is an American Shark Tank investor, co founder of Broadcast.com and owner of the American basketball team Dallas Mavericks.  Cuban began working at the age of 12 as a door to door garbage bag salesman. After graduating college, he worked as a bartender and then as a salesman for a software company.  He started his own company, Broadcast.com, after getting fired from his job and now has a net worth of $ 4.1 billion.

 

It is true, starting at the bottom does not guarantee success.  However, if you find your passion and work hard towards it, nothing is impossible, as the aforementioned individuals proved.

Continue Reading

Entrepreneur Stories

JRD Tata Unknown Facts

Avatar

Published

on

Tata Group, which began in 1868, has had six chairmen until now.  Among the six men who served this renowned business group, there was one exceptional man who served as its chairman for 50 whole years and took the Company to great heights.  Yes, the man we are talking about is none other than Jehangir Ratanji Dadabhoy Tata, or JRD Tata.  

From starting India’s first ever international airline, to giving the Country one of its largest cosmetic brands (Lakmé,) this gentleman has done it all.  JRD Tata also strived his best to improve India’s economy on the whole. Here are some unknown facts about this exemplary industrialist. 

 

Unknown facts about JRD Tata

 

1) JRD Tata was born on 29th July, 1904 in Paris and had a French citizenship for a long time.  He even served as a part of the French Army for one year. 

2) In 1925, he entered the Tata Group as an unpaid apprentice. 

3) JRD Tata was always keen on flying and became India’s first licensed pilot in 1929.  

4) In 1929, JRD Tata also renounced his French citizenship and took up Indian citizenship. 

5) In 1934, JRD Tata was elected as the Chairman of the Tata Group.  He was only 30 years when he was elected for this position, making him the youngest person to head the Group. 

6) When he was appointed as the Chairman, the Tata Group had 14 companies under it.  JRD Tata expanded it to an empire of 95 companies in a span of 50 years. Some of the most renowned companies established by JRD Tata during his tenure as the Chairman include Tata Motors (1945,) Lakmé (1952,) Tata Tea Limited (1964,) Tata Consultancy Services (1968) and Titan Industries Limited (1987.) 

7) JRD Tata was the person who launched Air India International, India’s first ever international airline.  For this reason, he is also known as the ‘father of Indian aviation.’ 

8) JRD Tata was the man who initiated the ‘employee welfare schemes’ in India.  He is responsible for the 8 hour work day, free medical aid and the employee provident fund.  These principles were later adopted by the Indian Government. 

9) It is no surprise this man received several awards during his lifetime.  His awards include the Padma Vibhushan (1957) and the Bharat Ratna, India’s highest civilian award (1992.)

10) When JRD Tata died in November 1993, the Indian Parliament was adjourned in his honour. 

Which of these facts about JRD Tata surprised you the most?  Comment below and let us know. 

Continue Reading