The news came out, without much surprise from many players in the field: Amazon is overtaking Quebec retailers in terms of sales .
This may seem like disheartening news, but I think the-advantages-of businesses need to see why Amazon has taken over the online retail market. Amazon is a giant, a titan, immense, with vast resources and power.
Some lessons for our businesses… From Amazon the-advantages-of
Amazon clearly has a pricing strategy. For office 365 database example, if you have similar products to Amazon’s and don’t have a pricing strategy, there’s a problem. With a pricing strategy, comes the necessary volume to keep the machine moving.
Amazon needs more volume to cover its costs. It must be said that Amazon’s reseller model allows it to have a highly diversified offering, attractive volume, and royalties without merchandise acquisition costs.
It remains one business model among how to calculate customer retention rate many others. There isn’t just one model that’s interesting. With these numbers, should Quebec retailers give up or redouble their efforts? Giving up is a slow death, like the Sears banners and others that came before it. Go for it!
What is the strength of David versus Goliath in online commerce? the-advantages-of
For small and medium-sized businesses, the burkina Faso business directory local aspect is a real advantage. Why? Because the customer has more options/ease in returning items. Also, because the product is more specialized, more unique, more personalized.
We need to communicate these benefits, and please work on the quality and optimization of the experience during and after the sale .
