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Shawn Ferreira posted Jul 25, 2022 5:09 PM

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My favorite website where I spend money is Amazon.com. Amazon is one of the largest retailers operating online globally. It has advanced significantly in a diverse array of operations, including its retailing options, digital marketing, advertising, and cloud services. I usually use Amazon.com when purchasing products such as Fire TV, television shows, and movies through the company’s Prime Video online platform (Amazon, 2022). Amazon uses three strategies to make money online, including subscriptions, retail services, and web operations. Yet, retailing is a fundamental and important source of growth and revenue, given that online stores account for the largest shares in the market. The revenues accumulate more due to the increasing costs of labor needed, and more than enough transportation and fulfillment rates.

Amazon has the widest and most credible market worldwide, with the US market leading all the way. The US market accounts for about 66% of Amazon’s revenues, increasing from 47% in the previous year. It might take a while before any other emerging market catches up with the US market. The other Amazon markets following the US include the United Kingdom, Germany, and Japan, adding up to about 19% of the company’s revenues. The rest are active markets in various regions making up 15% (Amazon, 2022). Amazon’s international markets have widened its overall diversity. Since Amazon was initiated, it has advanced to become a renowned online platform in the world. The company’s presence in the market has invited almost 60 countries, reaching a massive online population of more than 1.2 billion globally (Amazon, 2022). Every month, close to 200 million customers globally use their devices to visit Amazon.com. The diversity of customers across the world exceeds the whole population of Russia.

 

 

References

Amazon. (2022). Amazon.com. Spend less. Smile more. Retrieved from  https://www.amazon.com/