The growth of technology certainly gives ease in doing anything including in selling and buying transactions. You don’t get home outside when you want to buy items, services, and goods. You use the internet to buy services and goods. There will be many existing online stores in the world. One of the stores is Amazon.
What Is Amazon?
It is the largest online store in the world since 1994. It has successfully empowered the world’s online market. The network is spreading broadly to some countries. This online store is very busy and never stops transacting in sales every day.
The History and Development of Amazon
Revealing the history of Amazon is curious to know. You can imitate the tricks in running a business until success with the story of Amazon.
⦁ The History of A Company
This company was established in 1994 by Jeff Bozes and published for the public one year later in 1995. Bozes started to work in De Shaw and Co. He finally decided to start his company. Cadabra was the name of this company since the first release. However, the store’s name changed because it is not eye-catching. Then, it turned out to be Amazon looking special because it is easy to search with the letter A. Moreover, the founder wants the company to be an Amazon river being the longest river in America.
⦁ The Early Development of a Company
The online store is located in Seattle, Washington, the US. He saw the huge potential in internet development in the future. You can see now that the company is developing rapidly. He initially listed 20 goods names. Finally, he marketed only five items. These are books, computer software, videos, computer hardware, and compact disc. From five categories, He finally decided to sell books online. The early sales of the books increased rapidly because the demand for book sales increased.
⦁ Early Investors and Development
The early development of Amazon is attracting many investors to buy stocks. However, in the first four years, Amazon grew slowly. It made some investors give up and sold the stocks of Amazon. This company almost flopped in the 21st century. After the crisis, this company raised and produced more promising profits. Even, this company claims that it is a company popularizing online shopping in the world.
During building a company, this online store is related to some problems. Bozes face many problems. The hard problem was that Walmart demanded Bozes in 1998. Walmart sued Bozes had stealing selling secrets because he can employ Walmart workers. However, these demands can’t complete peacefully.
⦁ Everything Store
On Amazon, you can see various items for sale. It sells so many products to the customers. It becomes an everything store. It sells retail items, software for all devices, digital content, amazon games, and Amazon arts. You can buy it all in this online commerce. You can buy high-quality products in which there are only selected items sold on Amazon. It means that every customer buys a high-quality product and item.