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Amazon

Amazon

By Mehmet AKÇETİNPublished about a year ago 3 min read

Amazon is an American multinational corporation founded by Jeff Bezos in 1994, operating worldwide in online retailing, cloud computing, artificial intelligence, digital publishing, e-commerce and artificial intelligence. Amazon is one of the world's largest internet retailers with billions of dollars in revenue.

Amazon's primary business is to sell a variety of products to its customers through its online shopping platform. The company offers many product categories such as books, electronics, clothing, food, furniture and home decor. It also offers digital books, music, movies and TV shows through its own brand, Kindle.

Amazon also offers a cloud computing platform called Amazon Web Services (AWS). AWS provides cloud-based computing, storage, and data analytics solutions to companies, governments, and other organizations. Use of these services allows customers to use Amazon's servers instead of setting up and managing their own.

Amazon is also a pioneer in artificial intelligence technologies and robotics. The company offers home automation and voice command systems to its customers, especially through its virtual assistant called Alexa.

Finally, it also offers a subscription service called Amazon Prime. This service offers customers free shipping, priority access, exclusive discounts, and other benefits.

Amazon serves billions of customers around the world and continues to expand by constantly innovating.

You can follow the steps below to sell on Amazon:

Determine the product or products you want to sell: Decide in which category or categories you will sell products and check the stock status.

Create an Amazon Seller Central account: Sign up for Amazon Seller Central and create your account. This account allows you to manage your sales.

Create a list to list your products: To list your products, you need to create a list. When creating the listing, you must provide the product description, price, availability, images, and other information.

Submit your products: Submit your products to Amazon warehouses. Amazon uses its own logistics network to deliver to customers quickly and securely.

Manage sales: You can manage your sales through Amazon Seller Central. You can monitor your sales, manage prices and communicate with customers.

Pay Amazon's fees: Amazon charges various fees for your sales, such as storage, listing, shipping, and other fees. To pay these fees, you must define a credit card or bank account.

Provide customer service: Engage with customers, answer questions and resolve issues such as product returns.

You need to follow these steps to sell on Amazon. However, this process can be complicated, especially if you are a new seller. For this reason, you may want to seek help from experts who offer training and consulting services exclusively for Amazon.

Amazon operates in many countries around the world. Below are some of the countries where Amazon is most active and the sales volumes in those countries:

United States: In 2021, Amazon's net sales volume in the US was approximately $386 billion.

Germany: In 2021, Amazon achieved a net sales volume of over $29 billion in Germany.

UK: Net sales volume on Amazon UK in 2021 was recorded as approximately $26 billion.

Japan: In 2021, Amazon Japan had a net sales volume of over $22 billion.

India: Amazon is growing rapidly in India, with net sales of approximately $22 billion in 2021.

Amazon also sells in other countries, but the five countries above are where the company is most active.

Investments and offerings on Amazon have changed over time. Below is a summary of some of the key investments and offerings made in Amazon:

Amazon was founded in 1994 by Jeff Bezos in Seattle, USA. About $1 million was invested in Amazon by investors during its inception.

In 1997, Amazon went public and its shares started at $18. During its initial public offering, the company raised approximately $54 million.

Amazon signed a $200 million debt settlement in 2002. Under the agreement, $200 million was to be borrowed over two years from 2002 to 2004.

In 2009, Amazon bought Zappos, an online shoe and apparel retailer, for $1.2 billion.

In 2017, Amazon bought organic food retailer Whole Foods Market for $13.7 billion.

In 2020, Jeff Bezos, CEO of Amazon, had his personal fortune exceeding $200 billion, with the company reaching a fortune of $100 billion.

The above information provides an overview of some of the key investments and offerings made with Amazon. However, Amazon has many different investments and offers, and therefore it is not possible to provide a complete list.

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About the Creator

Mehmet AKÇETİN

I am giving advice that will make your life easier in the areas I am expert in.

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    Mehmet AKÇETİNWritten by Mehmet AKÇETİN

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