As an online retailer, Amazon is a company that generates revenues through various sales. It has become one of the biggest companies in the world and is valued at $400 billion. Apart from offering its customers high accuracy, reliability and affordability, Amazon is also known for its quick delivery system. Thus, it has become a retail hub for all goods sold online.
Amazon was founded in July 1995 by entrepreneur and computer scientist Jeff Bezos with the aim of providing a user-friendly platform for shoppers and vendors to sell goods online. Initially, Amazon was sold as a domain name with supplemental plans for a book store. However, after months of preparation, the company launched its website with only twenty products. After that, Amazon quickly expanded to become one of the world's leading e-commerce platforms.
At present, Amazon is headquartered in Seattle and has over 100 million active customers worldwide. In just thirteen years, Amazon went from being a modest e-commerce platform to becoming one of the world's leading retail hubs. Today, it offers its customers different types of online shopping experiences through its website and app. These include products from well-known brands as well as from independent sellers on its marketplace. It also has a direct relationship with suppliers that enable it to provide low prices to its customers.
According to estimates by consumer research group Slice Levels in 2018, Amazon's annual revenue reached $126 billion. This proves how successful the company has become in a short period of time. In addition to selling goods, Amazon also delivers various items to customers within two hours of placing an order. This can be done using its fleet of delivery drivers who work directly out of the company's offices. As a result, it has revolutionized how consumers shop and have direct access to manufacturers without going through a retailer themselves.
Although e-commerce has existed for decades, it wasn't until Amazon came along that it became easy and convenient for consumers and businesses alike. They are now one of the world's most profitable companies thanks to their innovative ideas and business model. The fact that they're based out of Seattle adds another accolade to their list of achievements.
