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.
FOR ALL YOUR ON-LINE BUYING NEEDS!
This essential book helps you find exactly what you want on the Web in no time flat--without having to struggle with slow downloads or the endless, irrelevant listings on search engines. From well-known giants like Amazon.com to promising upstarts like Plato's Toybox, these sites run the gamut of products and services, size and price. But they all have one thing in common: they're the best the Web has to offer. Inside you'll find
- Detailed descriptions of each e-shop, including its intended audience, atmosphere, and specialties
- A sample list of products for sale at each site
- Information on ordering methods, merchandise photo quality, gift wrapping, and delivery options
- A helpful cross-referenced index that allows you to find all the best sites for the product you want with just a quick glance
- Unique items, unusual buys, and real deals--all just a mouse click away!
The Best of
It's almost the weekend and we all need to a little distraction to get us through those final hours of the workweek. Personally, I like to do a little online shopping during my work breaks. Every day, Amazon has some great deals and price drops on some of our favorite products, but it takes some digging to find them and some research to make sure they're actually a good deal. Lucky for you, I did that work for you and found some great deals on products we've actually tested, so you know you getting your money's worth.
Skinflint is a price comparison tool dropshippers can use to compare pricing for products in the UK. You can search popular items you sell in the search bar and you’ll be shown the product pricing for various retailers. The price comparison website shows the best pricing in the UK and the EU. If you sell to a European audience, you might find this website handy.
As one of its daily deals, Woot via Amazon offers the refurbished Samsung 28" 4K LED-Backlit LCD Monitor for $229.99 with free shipping. Although it was $10 less for a refurb in August, it's still $65 cheaper than the best price we could find for a new unit today. It features a 3840x2160 4K native resolution, 1ms response time, DisplayPort, and two HDMI inputs. A 90-day Samsung warranty applies. Deal ends today.
Use voice commands to have Alexa search items in your order history and on Amazon's Choice list, and read you the products' names, prices and estimated delivery times. Once Alexa has found you the highest-rated and best-priced products, tell it to confirm your order and you're set. Watch for special promotional discounts that you can use to save money while voice ordering, and always ask for current Alexa Deals for exclusive savings.