My A-Z inspirations: B - Jeff Bezos, The Inventor of Amazon aka Everything Store

in writing •  7 years ago  (edited)

Jeff Bezos
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  1. “What’s going to change in the next ten years?” And that is a very interesting question; it’s a very common one. I almost never get the question: “What’s not going to change in the next ten years?” And I submit to you that that second question is actually the more important of the two."

  2. "The way I think about it, if you want to invent, if you want to do any innovation, anything new, you’re going to have failures because you need to experiment. I think the amount of useful invention you do is directly proportional to the number of experiments you can run per week per month per year. So if you’re going to increase the number of experiments, you’re also going to increase the number of failures. And if you’re going to invent, you’ve got to be willing to be misunderstood for long periods of time."

3.“It’s so hard to catch something that everybody already knows is hot.Instead, position yourself and wait for the wave to come to you. So then you ask, Position myself where? Position yourself with something that captures your curiosity, something that you’re missionary about. ”
were his words that have left a strong impression on me.

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In the early days, Amazon’s success was by no means a given. When his parents decided to invest a good portion of their life savings in the company, Jeff drove his probabilistic thinking and told them they had a “70 percent chance of losing their money.” As a toddler, Bezos disassembled his crib with a screwdriver and during early teens, he rigged up a series of elaborate electric alarms to keep his siblings out of his room. Perhaps, all these world-changing entrepreneurs started their journey at an earlier age. The curiosity is what drove Bezos to invent new things.

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The wake-up call to his attempt to change the world—one e-commerce transaction at a time - through Amazon.com was finding that web usage in the spring of 1994 was growing at 2300 percent a year,” said Bezos during a speech given in 2001 at the Academy of Achievement in Washington, DC. 24 “And things just do not grow that fast. . . . You could tell anecdotally, even though there wasn’t good research on this at the time, that the baseline of web usage wasn’t trivial . . . so the question was, What kind of business plan would make sense in the context of that growth? And I went through a whole bunch of different things. I made a list of twenty different products, looking for the first product to sell online. I came up with books for a bunch of reasons, but primarily because books were very unusual in one respect . . . there are more of them than there are products of any other category. So there are literally millions of different books in print . . . and computers are good at organizing such large selections of products. And you could build something online that literally couldn’t be built in any other way. You couldn’t have a physical world bookstore or a paper catalog with millions of different books.”

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One of the richest man on earth, Bezos’s success sits atop two critical strategies: long-term thinking and customer centric thinking and he puts it in his own words, "We believe that a fundamental measure of our success will be the shareholder value we create over the long term." Alongside Amazon, his other famous venture is with Blue Origin to solve the challenges of rocketry vertical take off and landing. A true inspiration who built his own fortune.

That was B. Read about A here

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I want to tell you about a cool thing that helped me with sales on Amazon. A tool called amazon listing quality check shows what can be improved: titles, descriptions, or keywords. It is very convenient because you can immediately see where the weak points are, and there are recommendations on how to fix them. It's simple: you upload your listing, and you have a full analysis. A really useful thing if you want to make your product more noticeable to buyers!