This is the time when the majority of the people want to live a life in their own way and that can only happen if one has a sort of independence from things needed in life.
But each & everyone has their own taste and dreams for their life.
However, few are the ones who think beyond the horizon and by their dedication, they do the things that no one thinks to do in their life.
If we talk about the present moment then E-commerce or we can say the online commerce is the only way one can learn and earn from anywhere in the world.
“If you double the number of experiments you do per year then you are going to double your inventiveness.”
Jeff Bezoz
And few people who have recognized the value of the E-commerce industry are the ones who ruled it today but it’s not easy to do it. The majority of the people can only see the success but not the struggle & devotion at the back of it.
So today through the help of these case theories of successful E-commerce online stores, we would like to share with you the main factors and experience which lead to the success of these businesses.
Amazon
1- Amazon continuously upgraded itself on a regular basis like at the initial stage they started as an online book store but later on when the profits are not coming in, they increase the categories of products.
2- Everyone knows that Amazon has a vision of a customer-centric experience by providing world-class support and try to solve problems( refund/return) as soon as possible.
3- Amazon basically knows the need and demands of its customers which they fulfill at the right time and right moment.
4- In terms of its approach and fulfillment, Amazon is totally diversifying in its nature. By a vision of providing A – Z products, this company has created a monopolistic market for themselves.
5- Content comes out to be the major weapon of Amazon because it helps Amazon from the initial stage till now.
Final Thought: Basically amazon is a proactive and passionate company in terms of executing its vision and Jeff Bezos is the person who brings up the change in the E-commerce industry by helping consumer experience and making businesses(sellers) selling worldwide.
10 Fascinating Amazon Statistics Sellers Need To Know in 2020
Zappos
Founded by Nick Swinmurn, now this company is owned by Amazon which is famous for its customer experience which is the core value of Amazon itself.
It also works on the same vision and values which Amazon is executing at the present moment that is βDeliver WOW Through Customer Serviceβ.
Birchbox
1- This company basically has its drive towards growth and profit.
2- They have constantly learned from their failures and take the decision which is needed like by decreasing their employee by 25% at the time of loss and cutting the cost of work done by a human. Basically, they saved a million dollars which they invest somewhere it needed the most.
3- They recognized the right marketing method that is driving the value for their company and then they invest in Instagram marketing which proved to be a great decision.
4- Birchbox constantly brings change whatever the situation demands from themselves and that is exactly needed in any business.
5- Data plays a vital role in the growth of Birchbox.
Final Thought: Katia Beauchamp(CEO OF Birchbox) said – “Love the business more than yourself” and embrace the hard times in your life because it teaches you that success can never do.
Wayfair
1- This company beautifully fulfilled orders & manages its supply chain by shipping products directly to the consumer from a supplier which saves a lot of time and provides same-day delivery.
2- Decision to indulge all the websites into one(Wayfair) is proved to be the greatest change and from then on change the destiny of Wayfair which rises to the peak of successful E-commerce online stores.
3- Data analysis is one of the initial steps taken by the founders which places the foundation seed of the company.
4- Both the founders always focus on their vision that is branding from starting to now which plays a vital role in the success of Wayfair.
5- Wayfair quickly recognizes their segment and pulled all their force towards that direction.
Final Thought: Niraj Shah & Steve Conine(Founders) always says to hire smart people and also talk about the teamwork |openess | decision and creating a culture where everyone can advise something.
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