Amazon.com, online retailer, manufacturer of electronic book readers, and Web services provider that became the iconic example of electronic commerce. Its headquarters are in Seattle, Washington.
Amazon.com is a vast Internet-based enterprise that sells books, music, movies, housewares, electronics, toys, and many other goods, either directly or as the middleman between other retailers and Amazon.com’s millions of customers. Its Web services business includes renting data storage and computing resources, so-called “cloud computing,” over the Internet. Its considerable online presence is such that, in 2012, 1 percent of all Internet traffic in North America traveled in and out of Amazon.com data centres.
The company also makes the market-leading Kindle e-book readers. Its promotion of these devices has led to dramatic growth in e-book publishing and turned Amazon.com into a major disruptive force in the book-publishing market.
Amazon was founded by Jeff Bezos from his garage in Bellevue, Washington, on July 5, 1994. Initially an online marketplace for books, it has expanded into a multitude of product categories: a strategy that has earned it the moniker The Everything Store. It has multiple subsidiaries including Amazon Web Services (cloud computing), Zoox (autonomous vehicles), Kuiper Systems (satellite Internet), Amazon Lab126 (computer hardware R&D). Its other subsidiaries include Ring, Twitch, IMDb, MGM Holdings and Whole Foods Market.
“Get Big Fast”
In 1994 Jeff Bezos, a former Wall Street hedge fund executive, incorporated Amazon.com, choosing the name primarily because it began with the first letter of the alphabet and because of its association with the vast South American river. On the basis of research he had conducted, Bezos concluded that books would be the most logical product initially to sell online. Amazon.com was not the first company to do so; Computer Literacy, a Silicon Valley bookstore, began selling books from its inventory to its technically astute customers in 1991. However, the promise of Amazon.com was to deliver any book to any reader anywhere.
While Amazon.com famously started as a bookseller, Bezos contended from its start that the site was not merely a retailer of consumer products. He argued that Amazon.com was a technology company whose business was simplifying online transactions for consumers.
The Amazon.com business strategy was often met with skepticism. Financial journalists and analysts disparaged the company by referring to it as Amazon.bomb. Doubters claimed Amazon.com ultimately would lose in the marketplace to established bookselling chains, such as Borders and Barnes & Noble, once they had launched competing e-commerce sites. The lack of company profits until the final quarter of 2001 seemed to justify its critics.
However, Bezos dismissed naysayers as not understanding the massive growth potential of the Internet. He argued that to succeed as an online retailer, a company needed to “Get Big Fast,” a slogan he had printed on employee T-shirts. In fact, Amazon.com did grow fast, reaching 180,000 customer accounts by December 1996, after its first full year in operation, and less than a year later, in October 1997, it had 1,000,000 customer accounts. Its revenues jumped from $15.7 million in 1996 to $148 million in 1997, followed by $610 million in 1998. Amazon.com’s success propelled its founder to become Time magazine’s 1999 Person of the Year.
The company expanded rapidly in other areas. Its Associates program, where other Web sites could offer merchandise for sale and Amazon.com would fill the order and pay a commission, grew from one such site in 1996 to more than 350,000 by 1999. Following Bezos’s initial strategy, the company quickly began selling more than books. Music and video sales started in 1998. That same year it began international operations with the acquisition of online booksellers in the United Kingdom and Germany. By 1999 the company was also selling consumer electronics, video games, software, home-improvement items, toys and games, and much more.
To sustain that growth, Amazon.com needed more than private investors to underwrite the expansion. As a result, in May 1997, less than two years after opening its virtual doors to consumers and without ever having made a profit, Amazon.com became a public company, raising $54 million on the NASDAQ market. In addition to the cash, the company was able to use its high-flying stock to fund its aggressive growth and acquisition strategy.
As noted above, Bezos claimed that Amazon.com was not a retailer but a technology company. To underscore the point, in 2002 the company launched Amazon Web Services (AWS), which initially offered data on Internet traffic patterns, Web site popularity, and other statistics for developers and marketers. In 2006 the company expanded its AWS portfolio with its Elastic Compute Cloud (EC2), which rents out computer processing power in small or large increments. That same year, the Simple Storage Service (S3), which rents data storage over the Internet, became available.
S3 and EC2 quickly succeeded and helped popularize the idea that companies and individuals do not need to own computing resources; they can rent them as needed over the Internet, or “in the cloud.” For example, in 2007, soon after launch, the S3 service contained more than 10 billion objects, or files; five years later, it held more than 905 billion. AWS is even used by Amazon.com’s rivals, such as Netflix, which uses both S3 and EC2 for its competing video streaming service.
At the end of March 2020, some workers of the Staten Island warehouse staged a walkout in protest of the poor health situation at their workplace amidst the 2020 COVID-19 pandemic. One of the organizers, Chris Smalls, was first put on quarantine without anyone else being quarantined, and soon afterwards fired from the company.
The pandemic caused a surge in online shopping and resulted in shortages of household staples both online and some brick-and-mortar stores. From March 17 to April 10, 2020, Amazon warehouses stopped accepting non-essential items from third-party sellers. The company hired approximately 175,000 additional warehouse workers and delivery contractors to deal with the surge, and temporarily raised wages by $2/hour.
Acquisition of MGM
After months of speculation due to MGM’s poor financial performance from the COVID-19 pandemic’s impact on the movie industry, Amazon entered negotiations to acquire MGM at an estimated $9 billion on May 17, 2021. The companies agreed to the merger deal on May 26, 2021 for a total value of $8.45 billion, subject to regulatory approval. The deal would allow Amazon to add the MGM library to the Amazon Prime Video catalog, with the studio continuing to operate as a label under the new parent company. The merger was finalized on March 17, 2022 following the expiration of the FTC’s review deadlineand having cleared the European Commission two days earlier on March 15th. Later that day, Amazon Studios and Prime Video SVP Mike Hopkins revealed that Amazon will continue to partner with United Artists Releasing (MGM and Annapurna Pictures’ joint distribution venture), which will remain in operation to release all future MGM titles theatrically on a “case-by-case basis,” while “all MGM employees will join my organization.” It was also revealed that Amazon had no plans to make changes to the studio’s production slate and release schedules nor make all MGM content exclusive to Prime Video, providing some hope that the studio would operate autonomously from Amazon Studios. These plans are expected to not impact the future of the James Bond franchise and its creative team. Two town halls further detailing MGM’s future post-merger took place on March 18, 2022, which included one for MGM employees and one for Amazon Studios/Prime Video employees.Both revealed the new interim reporting structure as part of Amazon’s “phased integration plan,” which would involve De Luca, Mark Burnett (Chairman of MGM Worldwide Television) and COO Chris Brearton reporting to Hopkins on behalf of the studio. On April 27, 2022, it was announced that De Luca and Abdy would leave the studio.
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Amazon India Online Shopping – Promo Codes & Offers
Amazon India is a great place to shop for products from the best brands. You can find everything from clothing and accessories to home furnishings and electronics. There are also a variety of latest offers that you won’t find anywhere else. One of the coolest things about this eCommerce major giant is the fact that you can shop from the comfort of your home. You don’t have to leave your house to find the best deals. You can also use an Amazon Prime membership to get free two-day shipping on most items. Plus, you can enjoy exclusive offers and discount codes that are only available to Prime members. Furthermore, use GrabOn coupons to get up to 90% off on select products and brands. So, what are you waiting for? Start shopping today.
Amazon, one of the biggest shareholders of the e-commerce market in India was formed in 1994 by Jeff Bezos in a garage. Everybody knows this story. But did you know that this platform was first a bookselling portal that delivered books within a month of its launch that making it a huge hit? Today, the company provides a platform for millions of sellers to sell everything from fruits and vegetables to movies and books, and even items you didn’t know existed online.
The company never stops making people’s life easy with newer solutions. The company operates in over 200 countries and employs over a million people worldwide. It’s not only a haven for sellers and buyers but also for job seekers, entrepreneurs, and anybody who would like to do something different.
Top Categories On Amazon
Electronics dominates the top three Amazon India categories, followed by fashion and then home & kitchen. These are likely indicative of the fast-paced lifestyle that a majority of Indians live today. Electronics features products related to smartphones, cameras, laptops, and others. Fashion includes items such as women’s clothing, footwear, cosmetics, etc., while home & kitchen showcases goods such as furniture, cookware sets, dining, storage, etc.
How To Save On Amazon – Tips & Tricks
There are a number of ways to save, and the best way to find out is to start searching for deals today! Some of the most popular ways to save include using promo codes, coupons, and shopping during sales. Check out the website for daily deals, or use the mobile application to find cashback and free shipping on your favorite products.
Additionally, Amazon Prime members can take advantage of Prime Day, which is the biggest two-day sale of the year for massive savings. During this sale period, the company offers exclusive deals on a wide range of items, including electronics, home goods, and more. You can also find the best offers on the Kindle Store and AmazonBasics. The leading online shopping platform constantly updates its deals page, so be sure to check back often or stay connected to GrabOn for coupon codes, clearance sale updates, and much more!
Amazon Sales & Discounts
Amazon conducts various sales throughout the year. A renowned sale by Amazon, The Amazon Great Indian Festival, happens every year where users can bag products at never seen before rates. This sale is one of the best times for shopping on Amazon as you can enjoy heavy discounts on mobile phones, large appliances, clothing, furniture, and more. Other than that, Amazon has sales at all festivals and occasions that you must look out for. Let that be Father’s Day, Independence Day, or even Rakhsha Bandhan, you can expect some really good savings when you shop from Amazon during these times.
AmazonBasic – Raining Discounts Like Never Before
AmazonBasics is a private label that offers office supplies, home goods, and tech accessories at discounted prices. It offers competitive prices and a wide range of products that can be found nowhere else. The products are of high quality and often have superior design and function to branded products.
Some of the most popular products include electronics, home goods, and office supplies. Electronics include items such as smartphones, drones, and televisions. Home goods include items such as mattresses, curtains, and flooring. Office supplies include items such as printers, copiers, and scanners. All these products on do have a discount code or be it a voucher code that will surely leave a smile on your face.
Amazon Gift Cards
Amazon gift cards are an awesome way to wish someone a birthday, a wedding anniversary, and so on. You can buy a gift card that is worth up to Rs 10,000 from the gift card store. All cards can be customized with artwork and even a personal message. Gift cards are easy to redeem and are valid for 1 year. Receivers can use the gift card on all products, except the app, a few global store products, and for the purchase of other gift cards. Buying gift cards can also unlock special discounts on other brands like Ola, Chumbak, and more.
Amazon First Purchase Offers
On the first purchase on the Amazon eCommerce platform, new users will get offers worth Rs 4,450. The coupon codes will be sent to the email addresses of eligible consumers. In addition, this offer is available to consumers without having to make a minimum purchase.
Check Amazon Lightning Deals Every Day
At Amazon, you’ll never miss a chance to get instant bargains while shopping and saving on the items you buy. When you subscribe to Prime, you’ll get early access to lightning deals. In addition to exclusive deals of the day.
Amazon Prime Student Discount
Students can get Prime membership for half the price for six months straight. All you have to do is signup with your student’s identity details to avail of the offer. Once you become a member, you will get free shipping on all eligible items, and massive discounts on college essential items like bags, headphones, phone cases, video games, and even health and personal items. Students can also get discounts on Amazon music, and prime video channels and can enjoy Kindle reading free for two months.
Amazon Youth Offer – 50% Off
Customers between ages 18 to 24 can join Amazon Prime at 50% off when their signup for monthly, quarterly or annual membership. All you have to do is verify your age to avail of discounts on your plan or get Amazon Pay cashback up to Rs 750. Please make note that this offer can be availed using the mobile app. Please check the website for more details.
Amazon Prime Membership Benefits & Pricing
Amazon’s Prime membership entitles you to a plethora of exciting benefits that include the following:
- Free Delivery: With the membership, you get free one day, two days, and even scheduled delivery as per your address. Moreover, there is no minimum order value required for standard deliveries.
- Discounted Deliveries: Get discounted morning and express deliveries for just Rs 50 and Rs 49, respectively.
- Cashback: Get Rs 25 cashback with No Rush shipping, which is absolutely free.
- Special discounts on baby items: Get 15% off on diaper subscriptions and on other eligible baby products.
- Free access to entertainment: Enjoy free and unlimited access to hundreds of movies in various languages, and music, and get access to the Kindle app.
- Airtel Recharge: Win Amazon Prime Free Trial for 1 month when you recharge with Airtel.
Here’s the list of new Amazon Prime membership plans:
- Monthly Membership Fee: Costs Rs 179; Validity: 1 Month.
- Quarterly Membership Fee: Costs Rs 459; Validity: 3 Months.
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Amazon App Download
The app is the best way to shop for millions of products and find what you’re looking for. You can browse by categories, view everything that shoppers have bought, and even read customer reviews. It features items from thousands of sellers so that you don’t have to go anywhere else to find something great. Whether you have android or iPhone devices, having an Amazon app makes your shopping experience enjoyable. Download it today to start making the best purchases you ever did.
Check out the following benefits associated with the mobile application:
- Track your purchased items in real-time.
- Set up notifications to know the delivery status.
- Chat with customer support to know about offers, deals, and new product launches.
- Pay bills and transfer money using Amazon pay.
- Interactive voice assistance with the Alexa feature.
- Make safe and secure payments online.
- Barcode scanner to know the product pricing details.
Renewed Products On Amazon – Daily Deals
Amazon is a great place to get refurbished and renewed items. Not only are they affordable, but you can be sure that the products are of high quality. You can save up to 70% when you buy renewed products here. Browse through their extensive selection of refurbished items like laptops, headphones, mobile phones, fans, cameras, smartwatches, tablets, monitors, and more. All these products are inspected and tested by professionals before they are sold on the platform. In addition, Amazon offers a 6-month warranty on all products, so you can be confident in your decision to buy from them.
Gaming with Prime – Free Content
All Prime users can avail of free in-game content on the latest and top mobile games that are refreshed on a daily basis. You can get free in-game content such as characters, themes, in-game currencies, power-ups, and more. Just log in with your Amazon account to claim the benefits and in-game content deals. Furthermore, you can subscribe to the company’s newsletter for free and exclusive in-game content drops.
Amazon Return Policy
- In order to avail of the return benefits, you need to check the return window on your product page before placing the order.
- The items are returnable in either 7 days or 10 days depending on what you order.
- Some items like jewelry and luggage bags have a 30-day return day window.
- If you receive a non-returnable product in a damaged condition, you can contact the support team within 10 days. You may get your order replaced.
- If the exact same product is not available with the seller during an exchange, the total amount would get refunded.
- In case of some damaged items, you do not even need to return them, but you could still enjoy a refund.
Amazon Shipping Policy
The delivery of your order changes as per the type of product, your location, and the seller. Some orders qualify for free shipping as well. In order to know your exact shipping charges and the delivery time, simply place the product in the cart and proceed to checkout.
Amazon India – Latest News
Amazon creates 1.6 million jobs in India
eCommerce giant, Amazon has said that it has created a total of 1.16 million (11.6 lakh) direct and indirect jobs in India. According to a release, the company has enabled about $5 billion in exports and has digitized 4 million MSMEs in the country, so far. By 2025, the company aims to digitize 10 million MSMEs, creating 2 million jobs and enabling $10 billion in exports.
Frequently Asked Questions
Does Amazon Offer Discounts?
Yes, Amazon does offer discounts on a variety of products, including essentials, groceries, and many more.
How to get Amazon promo codes?
There are a few ways to get Amazon coupon codes. One way is to sign up for the company’s promotional email list.
Can I earn reward points on all purchases on Amazon?
Yes. Earn unlimited 5% reward points when you shop on Amazon.
Are there any Amazon Kindle books coupons available?
Yes. You can save more on Kindle books using codes available on our platform or check Amazon for the latest offers.
How can I find a hidden Amazon promo code?
Get up to 70% by clicking on Today’s Deals section on Amazon’s coupon page. You can find it under the search bar on the homepage.
What is the Amazon voucher code today?
Using the latest code, you can save up to 80% on fashion, electronics, home, kitchen products, and other categories.
Can I apply multiple coupons on Amazon items?
No. Amazon does not allow using multiple coupons on a single product. You can choose the best deal from the available options to maximize saving and use it for further purchases.
What is the eligibility for free shipping?
Free Shipping is applicable on subscription purchases, on select products, or for Prime users.