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 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