And think of what a SWEET DEAL that is for Amazon. They make between 8% and 15% of each third party sale and most of the work needed to be done by Amazon is handled by automation. No packing, no shipping and no human involvement with their sellers or customers, unless something goes wrong.
Granted, they put a lot of money into becoming what they are today. For years, they didn't show a profit and many investors questioned if they ever would. Now they are the biggest e-commerce player in the world. And they can only continue to grow - currently they are 1/6th the size of Walmart.
As a seller, I hate them. But, as a buyer, I have to admit, I love them! Especially the Amazon Prime program. $79 per year and I get free 2 day shipping, not to mention their Prime Movies. Granted, they are no threat to Netflix, but since I have Prime anyway it is a nice little extra bonus.
If Amazon is smart, they will buy Netflix. If Walmart is smart, they will buy Amazon.
Last edited by jeffweico; 07-12-2013 at 09:54 PM.
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