According to sources, Amazon did not expect to make a profit for four to five years. This comparatively slow growth caused stockholders to complain that the company was not reaching profitability fast enough to justify their investment or even survive in the long-term. The dot-com bubble burst at the start of the 21st century and destroyed many e-companies in the process, but Amazon survived and moved forward beyond the tech crash to become a huge player in online sales. The company finally turned its first profit in the fourth quarter of 2001: $5 million (i.e., 1¢ per share), on revenues of more than $1 billion. This profit margin, though extremely modest, proved to skeptics that Bezos' unconventional business model could succeed.
Enjoy music in a new way with this crazy looking speaker that won't just look good in whatever room adding a touch of modern design but offer a precise wireless solution to play your music. Newegg is offering these speakers for a $110.99 w/ free shipping but enter the promo code and it drops to just $99.89. Alternatively, I found the same speaker listing for $149.95 on Walmart's site. More Info »
Amazon employs a multi-level e-commerce strategy. Amazon started by focusing on business-to-consumer relationships between itself and its customers and business-to-business relationships between itself and its suppliers and then moved to facilitate customer-to-customer with the Amazon marketplace which acts as an intermediary to facilitate transactions. The company lets anyone sell nearly anything using its platform. In addition to an affiliate program that lets anyone post-Amazon links and earn a commission on click-through sales, there is now a program which lets those affiliates build entire websites based on Amazon's platform.
Doramile Direct via Amazon offers its Doramile 35-Liter Packable Hiking Backpack in Black for $18.99. Coupon code "50HJT1J7" cuts that to $9.49. With free shipping for Prime members, that's $10 off and tied with last month's mention as the lowest price we've seen. It folds into a zipped inner pocket for storage and features an integrated rainfly, adjustable chest strap with whistle buckle, and padded shoulder straps. Deal ends November 30.
One of the pleasures of online shopping is the ease of comparison browsing. With the online-business boom, however, there are now thousands of new stores, and a lot of confusion. Not all Web stores are equal, and hours can be lost--in the pursuit of saving time--perusing Web sites that provide scanty information or complicated procedures or both. And some Web sites turn out to be mere catalog pages and don't allow you to order at all.
Win Pearl offers this 10.5mm AAA- Black Freshwater Pearl 52" Rope Necklace for $299.99. Coupon code "dealnews211" cuts that to $84.99. With free shipping, that's tied with last month's mention, $365 off list, and the lowest price we could find. It features 9.5mm to 10.5mm grade AAA- round pearls, with hand-knotting between each pearl. Deal ends November 7.
Amazon's state sales tax collection policy has changed over the years since it did not collect any sales taxes in its early years. In the U.S., state and local sales taxes are levied by state and local governments, not at the federal level. In most countries where Amazon operates, a sales tax or value added tax is uniform throughout the country, and Amazon is obliged to collect it from all customers. Proponents of forcing Amazon.com to collect sales tax—at least in states where it maintains a physical presence—argue the corporation wields an anti-competitive advantage over storefront businesses forced to collect sales tax.
Customers will find products like the card game Codenames (4.8 stars, with more than 2,000 customer reviews), which 88% of reviewers rated 5 stars, and a Lodge 3.5 Inch Cast Iron Mini Skillet (4.4 stars, with more than 10,900 customer reviews), which 76% of reviewers rated 5 stars. Of course, Amazon 4-star shoppers can also find Amazon devices like the Echo Spot (4.5 stars, with more than 5,600 customer reviews), and the Fire TV Stick (4.4 stars, with more than 197,000 customer reviews). Customers can test-drive dozens of Amazon devices and smart home accessories that work with Alexa, and shop a curated selection of speakers, fitness tech, and other highly rated consumer electronics.