Amazon did begin with a dramatic and interesting story. The history of Amazon talks into the back days of how Amazon was started by Jeff Bezos with its first sale is itself an extraordinary content to write on.
Great belief and passion of the founder Jeff Bezos made Amazon a page-turning glory in itself and brings a lot of wonderful pages in the history of Amazon. It was all how Amazon managed and started with its first online sale that did change the future of e-commerce globally.
Here, You Will Come To Know The History Of Amazon & Successful And Inspiring Amazon Startup Story Of Sir. Jeff Bezos…
We won’t make this article a long and lengthy one. In fact, we will just write it very shortly and up to the summary point of view that will help you get a better understanding of the history of Amazon company and also about how it was started and is now a successful and inspiring startup story of Sir. Jeff Bezos who is the founder of Amazon.
★ Early Life Of Jeff Bezos
Jeff was born in New Mexico to Jacklyn and Ted Jorgensen and their marriage only lasted for little more than one year. Later, after which when Jeff was four years old, his mother remarried to Jeff’s stepfather, Mike Bezos who was a Cuban who immigrated to the United States, in April 1968.
Post which the family moved to Texas and Mike became an engineer for Exxon Mobil (an oil and gas company). Meanwhile, with time, Jeff completed his early education from River Oaks Elementary School in Houston and Miami Palmetto Senior High School and completed his Bachelor of Science degrees in electrical engineering and computer science from Princeton University.
After completing his graduation in 1986, Jeff worked for Intel and Bell Labs to join a start-up called Fitel. After quitting Fitel, he joined Bankers Trust and then later he also worked on Internet-enabled business opportunities at D. E. Shaw & Co.
By 1994, when he was 30 years old, he became the youngest-ever senior vice president at the Wall Street investment banker – D.E. Shaw & Co and was already drawing a six-figure salary.
★ How Did The Idea Come? The Best Part In the History Of Amazon.
For a time in college, he thought he would be a theoretical physicist. But it was years later while working in D.E. Shaw & Co in New York City that he had the idea to start Amazon.
“I came across the fact that Web usage was growing at 2,300 percent per year. I’d never seen or heard of anything that grew that fast, and the idea of building an online bookstore with millions of titles — something that simply couldn’t exist in the physical world — was very exciting to me“, said Bezos, in his 2010 Princeton address.
At the age of 30, Bezos had been married to his wife MacKenzie.
He says, “I told my wife MacKenzie that I wanted to quit my job and go do this crazy thing that probably wouldn’t work since most startups don’t, and I wasn’t sure what would happen after that.”
“AFTER MUCH CONSIDERATION, I TOOK THE LESS SAFE PATH TO FOLLOW MY PASSION, AND I AM PROUD OF THAT CHOICE.“, he says…
Wasn’t it the best part in the history of Amazon??? If Jeff Bezos and his wife MacKenzie wouldn’t have thought of creating a wonderful shopping site like Amazon then, today our lives wouldn’t have been so easy to shop online without their service at its best. This thought of starting Amazon has literally changed the history of Amazon and our point of view to the online retail shopping market.
★ How Has The Journey Of Amazon Started? I Will Mark It As The Second Best Part In The History Of Amazon.
It was after that when Bezos immediately recognized the increasing possibilities of selling online and developing a wonderful business around it.
Bezos discussed with his wife and had decided Seattle as a perfect place for his new business at the time. Meanwhile, he did manage to raise $1 million from his near and dear ones for the new startup plan.
Resultedly, later he initially incorporated the company as “Cadabra”. Jeff and MacKenzie also registered the domain names Awake.com, Browse.com, Bookmall.com and Relentless.com and so eventually post of which Bezos decided on Amazon.com as his final name to fit with his startup.
And just like that – Amazon was formed in 1994 from the garage of a house that they rented.
Wasn’t it the second best part in the history of Amazon??? If Jeff Bezos and his wife MacKenzie wouldn’t have initially incorporated the company as “Cadabra” then there wouldn’t have been any Amazon today.
★ The Initial Years Of Amazon.
For the first year, Jeff did start along with his initial team of five employees working on learning how to source books and setting up a computer system that would make Amazon.com easy to shop online. And finally, the website was created on July 16, 1995, with the tagline “Earth’s Biggest Book Store”.
Within, the next three years, Amazon.com grew on to become from a company with 100 employees that drew sales of more than $15.7 million, to an awesome company of more than 3,000 employees with $610 million in sales.
THAT WAS REALLY INCREDIBLE!!! Right??? The history of Amazon was literally upgraded, changed a bit and was a grand success within the first year of its initiation with a high increase in their gross income.
★ The Growing Years Of Amazon. The Turning Point In The History Of Amazon.
Their sales gradually increased at the rate of 3000% annually and had become country’s third-largest bookseller that times.
Soon after that, Amazon started expanding itself into music, gifts, and pharmacy markets as well and they did even join Sotheby’s Holdings Inc. in June 1999 to launch the online auction site sothebys.amazon.com, as well like eBay.
Amazon also added clothing sales to the product line in October 2002, after partnering up with hundreds of retailers including Land’s End, Nordstrom, and The Gap. They also organized a subsidiary entitled Amazon Services which allowed customers to order goods from co-branded sites such as Borders and Toys ‘R Us.
★ The Rapid Expansion Of Amazon. The Turning Point In The History Of Amazon That Is Still Continuing Today.
Amazon became No.1 on the internet as an online store by 2004. From books and CDs to clothing, electronics, to almost everything, Amazon expanded its boundary of products inventories to take advantage of the growing number of online shoppers. They were now drawing revenues worth $6.9 billion, which further increased to $8.5 billion in 2005 as well.
Over the decade, Amazon further went on to add Amazon Prime program and free two-day shipping programs. They did eventually introducedAmazon Kindle – a lightweight device for reading electronic books and did also enter the tablet market with the Kindle Fire as a low-cost alternative to the iPad.
By then, the company started growing its revenue, being double every year.
Bezos’ empire now stretches far and wide. Amazon, which currently has a market cap of more than $600 billion, now also owns companies like Zappos and Twitch. Through Bezos Expeditions, he’s also invested in companies like Twitter and Basecamp.
It was how the story ended. Since then Amazon started achieving milestones towards success and continued the fun fulfillment of each and every customer’s wish dominating the online markets being the best online mega-mart giant in the globe.