Tag: online stores

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How Amazon Could Improve and Expand Their Business

When it comes to online shopping, one of the most well-known online retailers is Amazon.com, Inc.  Amazon, a company that started as an online store in 1994, has grown to become a huge multi-million dollar corporation that dominates the Internet.  One of the things that really intrigues me about Amazon is the fact that they are able to not only make money by selling products as a traditional online store, but are also able to make money as the store back-end for sites that use Amazon for their storefronts.  Moreover, services such as Amazon Web Services show that the company is able to “shoehorn” themselves into other sub-industries in order to become a “big player.”  But how could Amazon take this market dominance to the next step and cut their costs while doing so?

To answer this question, we have to look at the business practices of eBay, Inc. and evaluate their wise business ventures in the past.  You see, in October of 2002 eBay bought PayPal, an online payment processor.  The implementation of PayPal into eBay has allowed people to buy and sell goods without the level of hassle seen before.

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Why You’re Not Gettin’ Any: eCommerce Sales

One success that can be greatly attributed to improvements to technology is the simplicity in which we can manage and spend money. Look at the credit card for example. Prior to electronic processing via point-of-sale machines, credit card transactions had to be done manually on paper, and took days – if not weeks – to process. As technology evolved further and the Internet became part of the everyday lives of millions, a new trend began to emerge. In 2010, online stores make billions of dollars in sales on an annual basis. These stores, which don’t have the same high overhead of physical retail outlets, are able to better service customers in the sense that they never have to close and that they can make ordering easier.

In the early 1990’s, as more people began to populate the Internet, we saw the introduction of stores like the online giant Amazon. Since then, several other reputable online stores have emerged; some catering directly to the Internet, and others simply the online marketplace for established retail chains.

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