• Home
  • About
  • Contact
  • Privacy
  • Terms
  • DCMA
  • Sitemap
  • Submit
Regional Posts
No Result
View All Result
  • News
    • Sports
    • Politics
  • Business
    • Crypto
    • Marketing
  • Lifestyle
    • Entertainment
    • Fashion
    • Food
  • Tech
    • Gaming
    • Gadgets
  • Science
  • Health
  • Travel
  • World
Regional Posts
  • News
    • Sports
    • Politics
  • Business
    • Crypto
    • Marketing
  • Lifestyle
    • Entertainment
    • Fashion
    • Food
  • Tech
    • Gaming
    • Gadgets
  • Science
  • Health
  • Travel
  • World
No Result
View All Result
Regional Posts
No Result
View All Result
Home Business

5 Reasons Behind The Dominance Of Amazon

by S. Publisher
February 10, 2022
in Business
0
5-Reasons-Behind-The-Dominance-Of-Amazon
553
SHARES
3.7k
VIEWS
Share on FacebookShare on Twitter

Amazon is a colossus – but why? Here is a quick look at some of the reasons why Amazon is such a major player.

Early Adoption Of New Technology

Amazon was founded in 1994 in the garage of Jeff Bezos – who still heads up the behemothic e-commerce empire. Importantly, this was only two years after Tim Berners Lee had introduced the world to the World Wide Web, which he had developed while working at CERN.

READ ALSO

Streamlining Staff Attendance Tracking in the Office

Navigating Amazon FBA: A Beginner’s Guide to Fulfilment by Amazon

Amazon was one of the first sites to truly use the World Wide Web as a commercial platform, and quickly attracted some of the best development talents in the world. The early adoption of the internet has allowed Amazon to develop with a head start – innovating and drawing in talent more easily than competitors.

Great Customer Service

Customers buying products on Amazon know that they can expect good service. In-house and third-party sellers are expected to reply promptly to queries, react to feedback, and offer refunds upon return. A high bar for customer service is essential to securing return customers and building confidence in the site as a whole. Sellers with poor customer service track records can be booted from the site if they offer below the minimum standards required in the seller agreement. This keeps customers confident.

Sheer Size

Amazon is almost inconceivably vast. In 2020, net sales amounted to 386 billion dollars. To put that into context, the largest military in the world – belonging to the People’s Republic of China – has a budget of 178 billion dollars per year.

The sheer size of Amazon means that it can engage in risky market practices without breaking a sweat. Price gouging, for instance, can be employed by Amazon without much risk. Gouging the price of certain products in order to beat away competition is risk-free when the company sells such a large variety of products and has such a large income as to make losing money on single product lines negligible. This vast size has led to some commentators worrying that Amazon may be on the brink of developing a global e-commerce monopoly. Monopolies are, in general, bad for democracy and the economy. Monopolies in the 1920s caused huge public strife when they fell and had an iron grip on politics when they stood.

Acceptance of Third-Party Sellers

Amazon negates competition from other sellers by simply absorbing them. A large percentage of the sellers on Amazon are not associated with the company – simply paying a percentage to use the platform as an e-commerce base. Because of the size of Amazon, it can be a very profitable base indeed. Consultancies like https://nuancedmedia.com/ help third-party sellers get the most out of their relationship with Amazon.

Diversity

Although it started out as a company that only sold books, Amazon has successfully diversified in order to grow and become more resilient. As well as offering a huge range of products, they also offer web services, groceries, delivery services, and a great many other things.

Share221Tweet138
Previous Post

Tech troubles as Samsung debuts Galaxy S22 phones at Metaverse event

Next Post

Swiss self winding watch inspired by the Air Force

Related Posts

Streamlining Staff Attendance Tracking in the Office
Business

Streamlining Staff Attendance Tracking in the Office

August 23, 2023
Navigating Amazon FBA
Business

Navigating Amazon FBA: A Beginner’s Guide to Fulfilment by Amazon

August 20, 2023
5 Tips to Avoid Getting Trapped in a Predatory Loan
Business

5 Tips to Avoid Getting Trapped in a Predatory Loan

June 10, 2023
Website Vs. Mobile App
Business

Website Vs. Mobile App: Which is Better for Your Business?

May 27, 2023
How to Hire a Property Manager? 
Business

How to Hire a Property Manager? 

May 15, 2023
10 Reasons Business Owners Need Google Analytics
Business

10 Reasons Business Owners Need Google Analytics

May 11, 2023

POPULAR NEWS

Capitol Police Release New Video of Officer Lila Morris Beating Already Unconscious Rosanne Boyland with Stick on Jan. 6 -- But Video Is Super Pixilated to Protect Morris

Capitol Police Release New Video of Officer Lila Morris Beating Already Unconscious Rosanne Boyland with Stick on Jan. 6 — But Video Is Super Pixilated to Protect Morris

November 19, 2022
Tory peer Michelle Mone is accused of calling man of Indian heritage a 'waste of a man's white skin'

Tory peer Michelle Mone is accused of calling man of Indian heritage a ‘waste of a man’s white skin’

November 20, 2022
Sylvester Stallone & Dolph Lundgren Reunite in Expendables 4 Set Photo

Sylvester Stallone & Dolph Lundgren Reunite in Expendables 4 Set Photo

November 20, 2022
Euphoria Season 2: Maddy and Cassie's New Year's Eve Outfits

Euphoria Season 2: Maddy and Cassie’s New Year’s Eve Outfits

November 19, 2022
7 Plant-Based Dinner Recipes Under 299 Calories

1-Week Diabetic Meal Plan to Help Control Blood Sugar

November 19, 2022

EDITOR'S PICK

Real Estate Industry Analysis

Real Estate Industry Analysis in Pakistan 2021

August 19, 2021
Mayor Eric Adams said that he requested an extension to file his taxes at an event in Red Hook, Brooklyn on April 20, 2022.

Eric Adams again gets testy over making tax returns public

November 20, 2022
Video Friday: Sweet Bite Ham Ham

Video Friday: Sweet Bite Ham Ham

November 19, 2022
Apple 'passkeys' support in macOS Ventura and iOS 16 promise a passwordless future

Apple ‘passkeys’ support in macOS Ventura and iOS 16 promise a passwordless future

November 19, 2022

About

REGIONAL POSTS Web Magazine is an online magazine covering international news, politics, technology, health, education, and much more.Read More.

Follow Us

Submit a News | Write For Us

Feel free to contact us for submission queries. via contact form or email us at : [email protected]

  • Home
  • About
  • Contact
  • Privacy
  • Terms
  • DCMA
  • Sitemap
  • Submit

© 2021 Regionalposts.com

No Result
View All Result
  • News
    • Sports
    • Politics
  • Business
    • Crypto
    • Marketing
  • Lifestyle
    • Entertainment
    • Fashion
    • Food
  • Tech
    • Gaming
    • Gadgets
  • Science
  • Health
  • Travel
  • World

© 2021 Regionalposts.com