Ketiz Singh

Have you ever wondered how Amazon became the giant it is today?

Back in 1994, Jeff Bezos had a unique idea to create an online bookstore. But did you know, it almost wasn’t called Amazon?

• Started with the name Cadabra, but customers found it weird.
• Eventually settled on Amazon since it’s the biggest rainforest and river.

Fun fact: Amazon was supposed to be the largest bookstore, but it’s now the largest online store for almost everything!

Let’s dive into this amazing journey!

From selling just books initially, Amazon quickly grew with:

• An expanding list of products like computer games and music.
• Introducing the 1-Click button for easy shopping.
• Launching Amazon Web Services, now a key player in cloud storage.
• Creating Kindle as a zero-profit device, but earning from book sales.

Key takeaway: Amazon’s Flywheel Effect drives growth by continuously improving customer experience and offerings.

Despite some setbacks like the failed Fire phone, Amazon stayed ahead with first-mover advantage.

Flipkart took over the Indian market first, but Amazon quickly caught up.

Remember: Consistent innovation and focus on customer satisfaction are essential for long-term success.

Today, Amazon is a trillion-dollar company with diverse revenue sources like online sales and AWS.

So, if you have a dream, like Jeff Bezos, believe in it, work hard, and you can achieve incredible success!

Keep exploring, keep learning, and who knows, you might just build the next Amazon!