What does Amazon do?

Amazon is mainly an e-commerce platform. Founded in 1995, it is one of the earliest e-commerce companies on the Internet. At first, it only operated online book sales business, but now it has expanded to a wide range of other products, and has become an online retailer with the largest variety of goods in the world and a global internet enterprise. Amazon has adopted a discounted price strategy. The so-called discount strategy is that enterprises give certain rebates on the original price of goods in order to stimulate consumers to increase their purchases.

Amazon's business model

"Retail arbitrage" refers to the act of finding bargains from physical stores and then selling them at high prices on Amazon. This is a good way for Amazon sellers to test the water because it requires less early investment; Sellers can choose their own items, some of which may bring huge profits; When the seller finds a good deal or clearance deal, the product will become very competitive, even surpassing Amazon's own products; Sellers can use physical store rewards, points and cashback transactions; If the seller is flexible, this model is suitable for seasonality, for example, selling toys and games in the fourth quarter.