Word: sold
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Dates: during 1990-1999
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...says. "If you want to see all the information we collect on Amazon--the customer reviews, the professional reviews and use our agenting technology--you have to pay $30 a year." Those membership fees would be used to help drive down the price of items, which would be sold almost at cost. Nonmembers could shop there, of course. They just wouldn't have access to Amazon's rich data and whizzy technology...
...government decided to get out of the Internet business and allow private companies to step in and develop it. Bezos recalls, "I'm sitting there thinking we can be a complete first mover in e-commerce." He researched mail-order companies, figuring that things that sold well by mail would do well online. He made a list of the Top 20 mail-order products and looked for where he could create "the most value for customers." Value, in his equation, would be something customers craved: selection, say, or convenience or low prices. "Unless you could create something with a huge...
...July 16, 1995, Amazon.com opened its site to the world. Bezos simply told all 300 beta testers to spread the word. During the first 30 days, without any press, Amazon sold books in all 50 states and 45 other countries. "Within the first few days, I knew this was going to be huge," says Bezos. "It was obvious that we were onto something much bigger than we ever dared to hope...
...daunting task. For three years, defining Amazon was easy: it sold books. Then it sold books, music and videos. Now it sells toys, home-improvement products, consumer electronics and software as well. Then there are the equity stakes in start-ups like drugstore.com pets.com and Gear.com and struggling eBay-wannabe divisions: zShops and Auctions. Who are these guys now? What does Amazon represent? And will the company's more than 13 million customers stick around for power drills and wide-screen TVs? "No one's sure where all this is going," says Carrie Johnson, an analyst with Forrester Research...
...begin until January 1, 2001. Though some people have great difficulty in grasping this, there's a very simple analogy which should appeal to everyone. If the scale on your grocer's weighing machine began at 1 instead of 0, would you be happy when he claimed he'd sold you 10 kg of tea?" Clarke is right. No one likes to be overcharged...