- Total Revenue
- $135,987,000,000 (2017)
- Date Founded
- July 5th, 1994
- Jeff Bezos
- Jeff Bezos
- Stock Listing
- 566,000 (2017)
- Official Website
Amazon was incorporated in 1996, and since then it has become a leader in the e-commerce industry. The company offers an online marketplace for retailers and third-party sites to sell hundreds of millions of products across dozens of categories. Amazon also manufactures and sells its own line of electronics devices. In addition, the company owns Whole Foods Market, which sells healthy and organic food and other staples.
Amazon Prime members get free two-day shipping on all products marked with the “”Prime”” logo; free same-day shipping and free one-day shipping are also available on some products. Other Prime-exclusive delivery offers include the ability to earn shopping rewards when members opt for no-rush shipping at checkout, free delivery on special items, including those that are large or require special handling, and discounted expedited delivery. Prime members can also stream select movies and TV shows for free with Amazon Video, and download free books, audiobooks and magazines with Prime Reading.
The first Amazon store opened to the public in Seattle in January 2018. The Amazon Go grocery store uses sensors and technology similar to what’s found in self-driving cars to allow shoppers to browse, fill their carts and leave without formally checking out at a register. This is done through the Amazon Go app — free to download on smartphones — which automatically calculates what a shopper has bought, and charges their Amazon account upon exit. The company plans to open more than 2,000 brick-and-mortar locations in the coming years.
1-Click Ordering and Amazon Dash
Amazon’s online shopping just got even easier. You can now purchase products on the site with a single click thanks to the “”1-Click”” feature. Amazon saves your payment method and shipping address, so by choosing “”Buy now with 1-Click”” on the the product page, you can bypass the shopping cart and have your purchase on its way to you with the tap of a virtual button.
Prefer to press an actual button? In 2015, Amazon launched Dash Buttons, which are plastic stickers that stick to any hard surface, and allow you to order a household product you tend to order frequently without logging online. Dash Buttons cost $4.99, and can be purchased for a range of products including Tide Pods and Meow Mix. Your $4.99 is credited back to your account after your first Dash Button purchase.
Amazon Shopping App
The Amazon app is free, and lets you access all of the products from the site in a more mobile-friendly format. You can use the app to search for items, track orders and compare reviews right at the tip of your fingers. You can also use your phone’s microphone to chat with Alexa, Amazon’s voice-activated personal assistant, who can help you reorder an item, search for a product or even play you music while you’re perusing the app.
The app is also handy for comparison shoppers. Use your phone’s camera to take a photo of a product or bar code while you are shopping in-store, and the app will redirect you to the product page on Amazon so you can easily check Amazon’s price for the same item. The app can also be used to scan gift cards, find out what’s inside an unopened Amazon delivery, and see what an item will look like in your home by taking advantage of the “”sticker”” feature, which allows you to view the item in your camera view.
In addition to the site’s Lightning Deals, which are discounts that are available for a limited time each day, you can save money when shopping on Amazon by visiting its Coupons page. Coupons are personalized based on your past orders, but you can also browse by category to see all the available deals on everyday essentials.
As of March 21, 2018, Amazon’s stock price was $1,581.86. Many experts say that Amazon stock is one you’ll want to hold onto for a very long time. Between 2016 and 2017, the stock skyrocketed more than 200 points, and the average annualized return is 28.47 percent.