How Amazon Makes A Strong E-commerce Business

Amazon seems to stay one step ahead in the online retail industry, with a market value of $427 billion. How do they do it? How do they increase their revenue for the past several years?

According to a Sellbrite infographic, the company, Amazon focuses on customer service and development than emphasizing on sales and profits.¬† The reason why 35% of the company’s revenue stems comes from purchases and upsells on the online store.

What’s making money is the retail sales, which describes for two-thirds of the company’s revenue stream. In the second place, the third-party retail sellers which are 17% of the revenue.

The infographic noted that Amazon is expected to grow and hit 50% of its e-commerce domination by 2021.

news source: www.techrepublic.com

 



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