Amazon Pay’s Post

How does Amazon ensure to stay true to its values in 2024? Answer in one word:👇 Prime 🌐 Worldwide 7 billion units arrive the same or next day 🌍: 4 billion in the US 🇺🇸 and more than 2 billion in Europe 🇪🇺 AI aligns inventory with what customers in a particular region want and need reducing the average distance of package travel 🤖 This is done in more than 350 logistics sites in Europe…📦 …making Same-Day Delivery available in more than 150 cities across Europe 💨 “Customers value low prices, vast selection, and fast, convenient delivery” - Jeff Bezos in his 2008 letter to shareholders #Ecommerce #SalesGrowth

Amazon's journey to the top of the e-commerce world shows us a clear lesson: it's not just about doing things well, but doing things that make you stand out. They nailed their strategy by building a super-efficient delivery system that no one else had, making them a go-to for online shoppers. Contrast that with Continental Airlines' failed attempt to go budget with 'Continental Lite'. They tried to copy what worked for others without thinking about what their customers really wanted from them. It just didn't match up, and it didn’t work out. The key takeaway? It's all about mixing smart day-to-day work with a plan that makes you different and better than the rest. Just like the simple diagram below – balance your everyday efficiency with a strategy that sets you apart. #transformation #amazon #CEOs

Remember the days when next-day delivery was a luxury? 🕰️ Amazon Prime rewrote that script back in 2007, turning fast delivery into an everyday norm. With over 200 million subscribers globally, Prime's impact goes beyond just speedy shipping. As we navigate this landscape, let's delve into the lessons #CX teams can glean from Amazon's customer service playbook. 👇 https://lnkd.in/epA8KxGb #AmazonPrime #ECommerceRevolution

📊🤔What do Amazon, Uber and Airbnb have in common? 🤔 They all take huge advantage from 𝗱𝘆𝗻𝗮𝗺𝗶𝗰 𝗽𝗿𝗶𝗰𝗶𝗻𝗴! 

Business Insider revealed that Amazon makes price changes every 10 minutes, and that action, aka pricing strategy, has increased their profits by 25%
 Implement market leaders strategy with DoubleData through:
 𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝗼𝗻 𝗠𝗼𝗻𝗶𝘁𝗼𝗿𝗶𝗻𝗴 ✅ Track competitor pricing in real-time ✅ Gain insights into market trends ✅ Make data-driven pricing decisions
 𝗗𝘆𝗻𝗮𝗺𝗶𝗰 𝗣𝗿𝗶𝗰𝗶𝗻𝗴 ✅ Implement adaptive pricing based on demand, competition, and other factors ✅ Optimize revenue during peak periods ✅ Maintain competitiveness during off-peak times
 Here’s how we do it for our quick commerce and online grocery clients 🔎 Don't let outdated pricing strategies hold your business back. Leverage the power of data-driven pricing with DoubleData 🚀
 
🥊 Avoid unprofitable price wars
 💰Increase customer value
 🫡 Respond quickly to market changes
 Contact us to learn how our solutions can boost your profitability! 💼 #PricingStrategy #DataAnalytics #PricingIntelligence #DynamicPricing #DoubleData

Amazon has managed my account and orders for 25 years. What can airlines take away from a successful digital retailer as they embark into digital retailing and implement "orders"? 👉 Amazon recognizes me as a customer regardless of any loyalty program (there was no Prime in 1998...) whereas airlines use a PNR and last name as form of identification 😷 👉 Amazon has introduced a "loyalty" program called Prime which provides a better service (same day shipping, etc.) rather than more products, as opposed to most airline loyalty programs that give you the equivalent of "buy 10 flights get 1 free" 😎 👉 Amazon kept me as a loyal customer for 25 years due to fair prices and good service, in particular refunds, without any loyalty program, whereas two airlines downgraded my loyalty status during COVID, regardless of my customer lifetime value 🙈 Implementing accounts, offers and orders will help airlines provide a better customer experience. Customers will make a difference between airlines that become digital retailers and the others. The concept of airline loyalty may need to evolve at the same time. #airlineNDC #digitalretailing #travelagain #customercentric #loyalty

Did you know Asendia is an approved #Amazon Carrier? We are excited for Peak Season and #AmazonPrimedays coming October 10th and 11th.. - If you are selling goods to international shoppers through #Amazon you need to learn about Asendias Fully Optimized Delivery Networks. - We deliver packages to the entire world. - And to Canada and Europe in only 3- 6 days at cost usually much less then the big courier companies. InMail/Message or email mike.mcmonagle@asendia.com to talk more about how Asendia can help reduce your shipping costs in 2024 while meeting the required tracking metrics for #Amazon. #internationalshipping #worldwideshipping #ecommerce #marketplace #amazon #primeday #ddp #customs https://lnkd.in/g8hAgNcm

🚀 Growth Story of Amazon Prime: A Lesson in Fast Shipping 🚀 Most readers will know that faster shipping = better customer satisfaction. Here's a dive into one of the most impressive growth stories in the e-commerce sector: Amazon Prime's meteoric rise following the introduction of free 2-day shipping. Back in 2005, Amazon did something revolutionary. They introduced free 2-day shipping for all Prime members. People thought it was crazy. Those in the industry marveled at how they could achieve it and some predicted a rollback because it just couldn't be profitable. The result? By 2006, a year after the launch of Amazon Prime, Amazon reported strong growth with a 20% increase in free cash flow compared to the previous year, indicating positive financial outcomes following the introduction of the service. This was also reflected in the increase in net sales, which grew 20% to $2.28 billion in the first quarter of 2006 compared to the first quarter of 2005. In just a decade, from 2005 to 2015, Prime memberships skyrocketed from an estimated few million to over 70 million worldwide. By 2020, that number had soared to an astounding 150 million! 🌍 Of course, the subscription service evolved over the years, adding more benefits (not just free 2-day shipping), but that was the start. That growth trajectory isn't just impressive; it's a clear testament to the power of fast, reliable shipping in driving customer loyalty and business growth and using that service to bundle with something else. 🔑 Key Takeaway for Brands: What does this mean for other brands? Simple. Speed matters. In a world where consumer expectations are higher than ever. What's better than two-day shipping? Same-day delivery. Let's make lightning-fast delivery the norm, not the exception! 🚚💨 #ecommerce #retail #SameDayDelivery #Amazon #InnovationInRetail

Hello Business Travellers! 🌐✈️ Amazon's Great Republic Day sale is in full swing🚀, showering discounts up to 40% on mobile phones, 45% on gaming laptops, and many more! 📱💻 But the burning question is, "Is Amazon raking in the cash or playing the loss game with these mega discounts?" Let's unravel the Amazon Business Model and its Discount Strategy! 💼💰 Amazon, the ultimate matchmaker between buyers and sellers, earns revenue through: • Commissions ( sellers pay a percentage of each sale on their platform) •Subscription Fees ( prime membership provides benefits like free shipping and exclusive deals creating recurring revenues ) • Fulfilment services (offers warehouses , packing ,and shipping services for sellers generating additional revenue) •Advertising ( Businesses pay to promote their products on Amazon) • Cloud services ( Thanks , AWS ! ☁️) Let's Decode its Discount Strategy ! • Loss Leaders : Some heavily discounted products might be sold at a loss by Amazon, but this strategy serve as an attraction to lure customers who then purchase other items with higher profit margins (and here is the game changes, Loss on Heavily discounted products is adjusted with buying of other products with high profit margins) • Bulk Buying and Negotiations🛍️ : Amazon often negotiates bulk discounts with manufacturers , ensuring lower procurement costs and higher profit margins even with sale prices • Data-driven pricing : Amazon utilizes data analysis to predict demand and optimize pricing, ensuring they offer attractive deals while minimizing losses. • High sales volume: The primary goal is to generate high sales volume. Even if individual product margins are lower during the sale, the overall profit from increased sales compensates for it. • Customer acquisition and retention: Discounts are a strategic investment to attract new customers and retain existing ones, promoting future purchases and strengthening brand loyalty. • Amazon focuses on long term growth : Amazon prioritises building market share and Brand Dominance . Amazon navigates the discount game strategically, balancing short-term sacrifices with long-term gains. While offering huge discounts might seem risky, it's a calculated strategy for Amazon. They leverage their market power, data- driven approach, and diversified revenue streams to manage potential losses and ultimately drive long-term growth and profitability. #amazonstrategy #businessinsights #ecommercetrends #discountstrategy #salesandmarketing #customerretention

Expanding your #eCommerce business into or across Europe? Mark Williams from WorldFirst explains the importance of having a local account during e-Comas - Global Amazon & Marketplace Full Service Agency’s latest #Amazon webinar 👇👇 You can also check out our blog – in partnership with WorldFirst – for more on how to get the best value on your global payments: https://bit.ly/4cCOu7n #eCommerce #GlobalBusiness #CurrencyExchange

All right, folks - it's official. 🚀 Amazon announced they will be having ANOTHER #amazonprimeday shopping event in October 2023 available in 19 countries. 🌎 Here is the list of countries: Australia, Austria, Belgium, Brazil, Canada, China, France, Germany, Italy, Japan, Luxembourg, Netherlands, Poland, Portugal, Singapore, Spain, Sweden, the United States, and the United Kingdom. Some HEAVY hitters in there... 🎥 I posted a couple of videos about this back in June / July for the "original" #amazonprimeday. I've added the article from Amazon below for reference as well. ❔ ❕ After attending The Prosper Show in Las Vegas earlier this year, the message was clear. Merchant Fulfilled Sellers had many questions and needed help when it came to talks surrounding their international #directtoconsumer orders. 💡 Did you know Asendia is an approved Amazon carrier within the Seller Central environment? We can help get your products to your customers faster, more efficiently, and meet all required Amazon tracking metrics for all merchant-fulfilled orders going to international shoppers. Ultimately, we can help you provide a better #customerexperience to your international shoppers. If you have any questions please call, email, text - and let's get there together. #internationalshipping #worldwideshipping #marketplace #customerexperience #d2c #ddp #ddu #customsclearance Amazon Shopify ShipStation ProShip, Inc. EasyPost DesktopShipper