For many of us, a profitable business where you rank in the top billionaires is difficult to achieve. So it was for Jeff Bezos, founder of “Amazon.com”, one of the first companies to sell products in the online environment.
Before laying the foundations “online store”, Bezos worked as a financial analyst on Wall Street, during which enjoyed great success. With a great desire for freedom, he decides to leave behind a solid career in the financial field, and moves with his wife in Seattle, to build their own business.
With $ 300,000 borrowed from parents, with a garage of a modest house with three computers, Jeff Bezos launched what today is the biggest online store in the world: Amazon.com.
Although the company had a portfolio of products, the business was to be unprofitable in the early years. The poor spread of the Internet in the 90s brought record low profits, but Bezos realized from the start online sales advantages, being sure that in a few years, people will prefer to buy a home.
There followed years in which profits rose substantially, which is why Jeff says it was worth the wait. In 2003 he earned first 35 million dollars net profit, following that in 2005 it will be nearly 10 times higher, registering record $ 359 million. His style is unmistakable Jeff Bezos. Over the years it has surprised the way they behave with employees, and clients. Company director enjoys a loyalty worthy of admiration and respect.
Jeff Bezos didn’t invent online shopping, but he almost single-handedly turned it into a multi-billion-dollar business. His Amazon.com began as a bookstore in 1994, and quickly expanded into dozens of product categories, forcing the world’s biggest retailers to rethink their business models, and ultimately changing the way people shop.
But Amazon.com isn’t just an internet success story. It’s the standard by which all web businesses are now judged — if not by their shareholders, then by their customers. Amazon set a high bar for reliability and customer service, and also introduced a wide range of online retail conventions — from user reviews and one-click shopping to the tab interface and shopping cart icon — so commonplace we no longer think of them as once having been innovations.
Bezos, meanwhile, is one of the few early Web CEOs who still run the companies they founded. Outside of his work with Amazon, he recently founded Blue Origin, a space-flight startup.