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Amazon provides a platform for other retailers to sell products to buyers besides direct selling.<br>Amazon also earns revenue through its video-streaming app, Amazon prime and Kindle, an e-reader.<br>It doesnu2019t charge its retailer partners, but it retains a part of the selling price as commission.<br>
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Presentation Overview Today’s Discussions • Online Storefronts • Business model of Amazon • Business model of Alibaba • What’s a Successful Business? • Starting a Business with an App!
Online Store fronts • A larger number of companies are offering their services online. • Many brick and mortar enterprises are now evolving into digital storefronts. • Some of the notable players in e-commerce are Alibaba and Amazon.
Business model of Amazon • Amazon provides a platform for other retailers to sell products to buyers besides direct selling. • Amazon also earns revenue through its video-streaming app, Amazon prime and Kindle, an e-reader. • It doesn’t charge its retailer partners, but it retains a part of the selling price as commission.
Business model of Alibaba • Alibaba’s business model is similar to that of eBay. • It acts as a middleman between buyers and sellers and earns revenue from the commission. • Alibaba owns two other e-commerce websites called Taobao and Tmall.
Starting a Business with an App! • Starting a similar platform like Amazon/Alibaba is an easy way to earn income. • Entering the marketplace with an app like Amazon is an easy task if you find the right app development company. • AppDupe, a leading app development company offers an easily customizable Amazon clone with advanced features. Get your app right away.
Though their business models are different, both are earning lucrative revenue without any physical presence. • From books to vehicles, everything can be purchased online. • A successful business is not about having a big physical store but having a strong online presence.
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