After reading a report about the future of the Internet that projected annual web commerce growth at 2,300%, Bezos created a list of 20 products that could be marketed online. He narrowed the list to what he felt were the five most promising products, which included: compact discs, computer hardware, computer software, videos, and books. Bezos finally decided that his new business would sell books online, due to the large worldwide demand for literature, the low price points for books, along with the huge number of titles available in print. Amazon was founded in the garage of Bezos' rented home in Bellevue, Washington. Bezos' parents invested almost $250,000 in the start-up.
On average, customers tend to visit at least three websites before making their purchase decision. As a general rule, the more money that a customer is planning to spend on a product, the longer they’re going to be searching for the best deals online. For instance, when it comes to smartphones, customers tend to spend much longer to compare prices, than when they compare book prices. That’s why it’s no surprise that searching for iPhone price comparisons is a very popular search query.
Junglee is a former online shopping service provided by Amazon that enabled customers to search for products from online and offline retailers in India. Junglee started off as a virtual database that was used to extract information off the internet and deliver it to enterprise applications. As it progressed, Junglee started to use its database technology to create a single window marketplace on the internet by making every item from every supplier available for purchase. Web shoppers could locate, compare and transact millions of products from across the Internet shopping mall through one window.
A study by the e-tailing group discovered that consumers highly value the ability to research a product before purchasing it, in order to find the best price guarantee. The current online consumer behavior is based on the efficiency of price comparison. This means that customers are highly likely to Google prices of the products that they’re interested in, or for instance use the Amazon price check before they decide what they should buy. This is where comparison shopping engines and apps step in, in order to facilitate this growing need of consumers.
Century Products via Amazon offers the Century 24-Hour Plug-In Mechanical Timer for $9.99. Coupon code "30D33HQM" drops that to $6.99. With free shipping for Prime members, that's tied with our mention from two weeks ago and the lowest price we could find by $3. It allows you to create schedules that repeat every 24 hours and features a built-in pin dial and manual override. Deal ends November 24.
At the top of Amazon’s homepage, click the tab called “Today’s Deals” to link to all the deals, coupons and bargain pages. The main page, also called Gold Box Deals, provides links to all the sale items and tabs to all the discount pages. Scrolling down reveals a few examples of sale items offered on each page. At the bottom, you will find links to additional businesses which are owned by or partner with Amazon; such as 6PM for clothes and shoes and MYHABIT for housewares.