According to sources, Amazon did not expect to make a profit for four to five years. This comparatively slow growth caused stockholders to complain that the company was not reaching profitability fast enough to justify their investment or even survive in the long-term. The dot-com bubble burst at the start of the 21st century and destroyed many e-companies in the process, but Amazon survived and moved forward beyond the tech crash to become a huge player in online sales. The company finally turned its first profit in the fourth quarter of 2001: $5 million (i.e., 1¢ per share), on revenues of more than $1 billion. This profit margin, though extremely modest, proved to skeptics that Bezos' unconventional business model could succeed.
Great post , I do read a lot of the Nichehacks articles and this one is so true. At the moment I am in a niche I'm passionate about and yes although I am primarily using Amazon to monetize my site, I will be branching out to use other methods very soon. It frightens me to think the plug can be pulled at any time! I intent to use other affiliate programs as well as Amazon, maybe Google Adsense, I'm not sure yet, some digital products and also to build an email list.
For the structure of these articles I like to target a frequently searched keyword such as “Cyber Monday (My Niche) Discounts” etc. because I know people search for “Cyber Monday” and “Black Friday” millions of times each year but they also search a longer form version like “Cyber Monday (My Niche) Discounts” as evidenced by the above traffic graph from one of my Amazon sites
Shelfari was a social cataloging website for books. Shelfari users built virtual bookshelves of the titles which they owned or had read and they could rate, review, tag and discuss their books. Users could also create groups that other members could join, create discussions and talk about books, or other topics. Recommendations could be sent to friends on the site for what books to read. Amazon bought the company in August 2008. Shelfari continued to function as an independent book social network within the Amazon until January 2016, when Amazon announced that it would be merging Shelfari with Goodreads and closing down Shelfari.
Hello Chris, So do you create a blog and do you personally have to buy each item you review. Or do you just create a review that Amazon gives you or is there video that you can use to create some kinda of video? Do you go on and talk about this or not show your face and just do a show your screen and talk about the product. And if you have to buy each product does amazon give you a discount since you are going to be a seller? This is my first time and I’m a total newbie. What do you recommend for created a blog site and etc to host etc to spend the least amount and get running. I have hardly any capital. Thank you for any help and guidance.
The work environment here is fast-paced and continually evolving, and every Amazonian is passionate about ownership and delivering results for the company. If you want to work in an environment that will challenge you to relentlessly improve the Amazon experience for our customers, where each day is different from the next, and your learning never truly ends, take a look at Amazon’s many opportunities.