The story of Jeff Bezos’ Amazon Success

17th October 2018 Social Berry

Many people around the world will immediately recognize Amazon for its revolutionary and innovative idea of creating what we now know as the online markets for shopping. In fact, this idea of shopping online has totally changed the modern world as we know it. Who would have thought that grocery shopping could be done from home and delivered to your door 10 years ago?

 

The story of Jeff Bezos, Amazon founder, is a truly inspirational and remarkable one. Therefore, I would like to share some thoughts about it as we go along and indicate how we can learn and relate to his story.

 

Just to give you a brief background on Jeff’s early life, he was born on January 12th 1964 to parents who split only a year after getting married. His step-father was a Cuban refugee who fled to America at the age of 15 and grew to be one of the most influential engineers in Exxon, an American oil and gas company. From a young age it was evident that he would be something extraordinary as he built an alarm for his room to keep his siblings out!  How many of you would purchase that for your own use? I know I would…

 

In his early career, like most of us, he focused on traditional jobs that had to do with his degrees in Computer Science and Electrical Engineering. He rose to become the youngest Senior Vice President in D.E Shaw, who are to this day one of the largest investment firms from Wall Street. In an instant, perhaps even through a mistake, his life would change as he stumbled across an interesting internet statistic that the World Wide Web (commonly known as the Internet for the less technologically advanced folks), was growing by 2300% every month.

 

Jeff needed no more inspiration in order to launch his colossal known online store, Amazon.com. Of course the rise of Amazon has not been easy, or effortless. They faced a year long court trial from their main competitor at the time, Barnes and Noble, who also tried to partner with Amazon once they felt threatened. Can you blame them?

 

I could get into the full rise and story of Amazon but frankly I think the most important statistic that would give you a good idea of how Amazon grew is this: In the first month of launching the website, they made sales in all 50 states and 45 foreign countries with sales figures reaching 20,000 USD per week. You could take a look at the share price growth and Revenue of Amazon through multiple sources, but only if you promise not to beat yourself up for not realizing the potential if you had heard about it back when it was starting up.

 

Jeff Bezos is a man that I believe we can learn a lot from. He did not have an easy childhood, he was not born into the wealth of his parents and he did not have anything but a vision that led him to where he is. Vision with hard-work is what grants dreams. He is a highly intelligent, goal oriented, ambitious person who is always aiming to achieve the unthinkable. Imagine a world where everyone thought in that way and believed in their own dreams as much as he has.

Where do you think the world would be if every potential was fulfilled?

 

By Arad Minaei, Client Relationship Agent at trade.Berry

 

**The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policies or position of trade.Berry.

This content is intended for educational purposes only, and shouldn’t be considered investment advice.

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 Trading CFDs involves high risk of losing money 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the risk of losing your money.