Amazon Case Study- Jeff Bezos

Amazon Case Study- Jeff Bezos

There are very few people in the world who have achieved the feat, and it is almost impossible to achieve it. Today I will introduce an extraordinary person Mr. Jeff Bezos who is well-known as a founder and CEO of Amazon.com. According to Forbes magazine, he has been declared as the richest person in the world. He came to the USA at 16 before his father lived here alone. Jeff says that my father had brought a dream to America, and it came true. I laid the foundation of a company like Amazon and got the title of being the wealthiest.

About Jeff Bezos: Jeffrey Preston Bezos was born in 1964, New Mexico, and he is a successful American entrepreneur. Maybe you don’t know he is a founder of the space exploration company Blue Origin. Due to his love of computers, he chose computer science and electrical engineering for his graduate degree at Princeton University. After completing his graduate degree, he started to work on Wall Street and became the youngest senior vice president at the investment firm. After four years at Wall Street, he quit his job to open Amazon.com. During his Wall Street job, his interest in doing business increased, and he just wanted to do his business. His company started as an online book store has become an example today.

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Jeff says that his customers have been a big contributor to making him a billionaire. When he was thinking of selling music and videos in addition to the book, at that time, he had sent an email to about 1000 customers. Jeff wanted to ask what they liked to buy besides the book. One woman replied that she wants to purchase a wiper. Jeff realized that customers want to buy things of their convenience. 

About his Family: When Bezos was only four years old, his mother remarried Mike Bezos, a Cuban immigrant. Do you know that Ted Jorgensen was his biological father? 

A Successful Story of Amazon

In 1994, Jeff Bezos started Amazon, and the company began selling music and video in 1998. The organization also started selling video games, home-improvement items, software, games and toys, and electronic items to consumers next year. Cadabra was the original name of the company in its starting days. In the current scenario, there are lots of products available on websites such as books, DVDs, clothes, home appliances, mobile, electronic items, watches, furniture, cosmetics, grocery products, industrial objects, etc. According to Jeff Bazos, he had the idea to start an online book store, and then he started Amazon. He says that his company’s first investors were the parents, who had invested their lifetime earnings. You are probably surprised to know that more than 11 25,300 employees are working for Amazon.

In the current scenario, Amazon sells in all major countries such as the U.S, Canada, U.K, Germany, France, Italy, Spain, Japan, India, etc. Maybe you are interested in buying everything on Amazon. Still, I will share some things that you can’t believe, such as lottery tickets, wine, pets, real estate property, petrol, cars, tobacco, prescription eyeglasses, secondhand clothing, etc. 

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Jeff Bezos Net Worth: Do you know Jeff Bezos earns $2,489 per second, and the real-time net worth of Amazon’s founder is $199.2 billion? According to one top magazine, Amazon made $280.5 billion in revenues, and net profit was $11.5. He earns about $6.54 billion a month. Jeff surprised everyone by spending the Washington Post around $ 250 million in 2013.

However, everyone is familiar with Amazon nowadays because all kinds of products are easily available. Jeff paid full attention to know his customers’ likes and dislikes, and the company faced many challenges but never deviated from its goal. Today, Amazon is the name of every household. The company is known to its customers for its superior pricing, fast delivery, and easy return policy. Jeff has become a youth icon, and he has set an example for today’s generation. It seems like a dream to chase an incredible goal that is not possible for everyone. Jeff says that everything has an expiry date, so Amazon will not stay for a lifetime.

If you want to learn digital marketing course in laxmi nagar then enroll now.

Thank you

Regards Yaman KumarDigital Marketing Trainer at AIDM.

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