From Apple’s AirPods to Zippo’s lighter, you name anything and that’s possibly available at Amazon – Our everything store! Ever wondered what it takes to run such an eCommerce store? It’s everything. Amazon is one of the largest and most successful online marketplaces in the world. Now just imagine how many digits are there in the net worth of Jeff Bezos?
If Iron Man and Superman does wonders in the cinematic universe, Jeff Bezos has been doing wonders with his billion visions and an aim to disrupt the fields where he decides to enter. Let’s take a moment to sneak-peek Jeff Bezos’s life.
But if you want to know how the giant eCommerce store was born, what were its actual struggles and what all it took for Jeff Bezos to reach where he is today, don’t forget to read the book – The Everything Store – Everything you need to know about Jeff Bezos and his baby – Amazon store.
Early Life of Jeff Bezos
Coming from New Mexico, Jeff Bezos on 12 January 1964, and as a child he was very much inclined towards computers. Moving ahead within inclination, he studied computer science and electrical engineering at Princeton University.
His grandfather was a regional director of the US Atomic Energy Commission and retired early to the ranch. As a child, Jeff used to spend a lot of time with his grandfather.
He was working well in Wall Street and in 1990 he became the youngest senior vice president at D.E Shaw – a renowned investment firm.
Jeff Bezos is a man with billion visions, he was very much astounded when he first experienced the world of the internet. It was in 1994 when he channelized all his learnings and founded Amazon.com which initially started as an online user bookstore. With such a unique concept, inventory grew quickly and within 4 years after the launch of Amazon.com, Jeff Bezos made it to the Forbes 400 list.
Talking about Jeff Bezos’s Net Worth, it’s said to be roughly around $125 billion! How amazing is that isn’t it? A vision that started as an online bookstore is now people’s Everything store!
If you couldn’t find anything on the internet worth purchasing, you can log in to Amazon and I’m sure you will be loaded with tons of options that you couldn’t find anywhere else.
Short Story of How Amazon Kicked Off
I’m sure you’ve heard the fact that Amazon.com started at a very small space in the backyard. Bezos opened Amazon.com named after the South American river. His site was beta tested by his friends before it was open for the public.
A few employees started developing essential software’s with Bezos in his garage and gradually expanded operations into a 2-bedroom house. Initially, without even any kind of promotion, Amazon was able to sell books across the US and in 45 other countries within 30 days.
Amazon.com went public in 1997 which made many stock analysts to joke around such a business which never had something physical in it. But as you know, the dot com bust proved to be lethal to many eCommerce stores.
However, Amazon kept sailing the high tides of the bust and was able to save itself from shutting down while many stores were actually shut down due to ongoing disturbances in the stock market.
At the end of 2018, Amazon announced that it was raising the minimum wage for its workers to $15 per hour. Let’s also not forget Jeff’s hyperactive approach in figuring out what needs to be done and what need to be re-done.
If ever you happen to read his book (the Everything Store) you will be amazed to know that he has fired people just because they didn’t come up with something that Jeff envisioned. He’s a man who doesn’t like to be flooded with reasons. If you have an idea, he will be pretty interested to discuss, but if you have reasons, he will be the most brutal boss you can ever experience in your professional career.
Is Amazon Just an eCommerce Store?
Well, NO! It’s a universe. With time Bezos has launched a series of services like Kindle, Amazon Prime and what not. It all started with just an online bookstore, and now Amazon has the potential to sell everything along with a number of offerings that are irresistible.
“I don’t want to use my creative energy on somebody else’s user interface.”
“Life is too short o hang out with people who aren’t resourceful.”
“I believe you have to be will to be misunderstood if you’re going to innovate.”
“One of the only ways to get out of a tight box is to invest your way out.”
“I knew that if I failed, I wouldn’t regret that, but I knew that one thing I regret is not trying.”
“If you decide that you’re going to do only the things you know are doing to work, you’re going to leave a lot of opportunities on the table.”
“If you don’t understand the details of the business you are going to fail.”
“You don’t choose you passions, you passions choose you.”
Know More About Jeffrey Preston Bezos:-
- Jeff Bezos’s Official Twitter:- Follow Him
- Jeff Bezos’s Official Instagram:- Follow Him
- Jeff Bezos’s Foundation: Bezos Family Foundation