Essay On Amazon: What Sets Then Aside From Competition

Amazon! Your best international shopping solution, Amazon has today grown to become the most accessed and preferred e-store globally. This is linked to many reasons, but the main being the wide verity of products, low cost as well as simplified shopping option offered by the store. Today people can shop at the Amazon from any country by using their debit or credit card without needing specialized permissions. This places Amazon above other e-store making them more competent then another store since they provide simplified modes of payment. Every consumer is repaired to purchase items online today but not each one has credit card to link the online accounts. 90% of online shoppers today only own a debit card and are able to shop using this card. Many shoppers prefer since it’s easier and cheaper.
There are many e-store offering different online shopping payment solutions but not each one is as simplified as Amazon and those who do offer similar payment options lack the wide verity of products offered by Amazon. Amazon stands in top most position from most other e-store competitors and will be the reason behind the company being ranked as BEST e-store for many years to come.
When observed and evaluated from a researchers or analyst point of view Amazon has implemented and practiced each of the Porters forces. This is the reason, the company has experienced such as huge growth and success rate over the past few years. The company has implemented all measures to deter industry rivals by simplifying the shopping process. Online shopping is growing in popularity and Amazon has taken advantage of this by helping offer the best prices to consumers while helping the product manufacturer of seller also making the biggest profit. They also offer the consumer the option to bargain for a product in a form of an auction thus allowing the consumer to choose between products they can afford rather than simply need to purchase items for a fixed price.
Amazon has also been identified as being the most customer oriented company globally with them placing customer needs ahead of many other the company gains. To amazon customer satisfaction comes first even if the company experiences a certain degree of loss. Many investors and stack holders claim that the company acts irresponsibly and incurs unnecessary loss, but this helps the company build and maintain relation with the consumer. Any company will tell you that, the consumer needs come ahead of the partners and investors since, without consumers the company is certain to incur losses. Keeping this in mind, Amazon always places their customers ahead of any other needs the company may be having. There is no doubt that certain policies like the return policy have pushed the company to experience major losses, but these moves also help the company build their reputation. In many situations before gaining you must accept a certain degree of loss.
Competition is the biggest delight, to any business whether new or old so identifying you competition and assessing their strength helps a company or business stay a step ahead of any completion. Amazon may be the most popular online store, but one thing is obvious, they are only the preferred choice due to the acceptance of simplified payment options. There are other major competitors in the same sector such as eBay who offer, an extra ordinary collection of products and services. The only limitation linked to the eBay is their requirement to link a credit card to shop with the site. There is also the option of purchasing using your PayPal account but once again this also requires credit card verification and linking before the shopping can be done.
The major drawback linked to eBay and several other online stores, but this should not mislead Amazon into considering there is no competition in the field. Surveys show the number of people applying for credit cards just to register and shop on eBay is on the rise. There are also new payments options expected to make a debut in the future that reduce payment risk thus upping the competition for Amazon. Amazon should not build overconfidence due to them being the most preferred and accessed today, since other competitions in the market are also simply taking precautionary security measures, and once secure platforms for shopping are discovered they could return with a furry.
For the investor choosing a company to invest you saving needs than to take a longer term future look rather than concentrate on current success. Keep in mind profits are made when investors invest their money on companies which are still at a growing platform. Once the companies sprout the share prices also hike resulting in huge returns on the investments. There is no Doubt the Amazon will experience serious competition in the future since competitors will adapt and modify their terms to match Amazon. Over time competitors will also offer the same or better facilities making it a better option for a long term investor to place their money newer, stable upcoming e0-stores.
E-Shopping is growing a trend globally, and it can be expected that many ultramodern and user-friendly stores will be set up in the future. Amazon may be a leader in the sector today, but the future may have something else in store. Thus time must be dedicated to evaluate the entire situation and making the very best choices for the consumer, investor and company itself.