Jeff Bezos started Amazon 23 years ago as an online bookstore and today has grown to become the largest internet retailer in the world.
Some of the amazon products will begin to compete with several competing products that have long dominated the market.
This time nowandviral will write some of the amazon products that will be competing with existing competitors.
Some amazon products are as I mentioned below
- IMDB (Internet Movie Database)
- Amazon Alexa
- Amazon Prime Music
- Amazon Prime
- Amazon Pay
- Amazon Logistics
IMDB (Internet Movie Database)
In 1998, Jeff Bezos, founder, owner, and CEO of Amazon.com, struck a deal with Needham and other principal shareholders to buy IMDb outright for approximately $55 million and attach it to Amazon as a subsidiary, private company.
IMDB use to find information such as casting, synopses, episode guides, and awards.
Their competitor, Rotten Tomatoes to see what people think about the film, to read reviews and see aggregated data on reception.
These two movie database has a different purpose and different from each other.
Introduced in June 2011 as a spin-off of the general-interest streaming platform, Justin.tv, the site primarily focuses on video game live streaming, including broadcasts of eSports competitions, in addition to music broadcasts, creative content, and more recently, “in real life” streams.
Content on the site can be viewed either live or via video on demand.
Their competitor, MLG, and Youtube Gaming still need efforts to chase, at least this is I know from Reddit comment.
- Twitch has a larger audience, so the thought is that having the popular streamers over there helps grow the franchise and competitive scene.
- The stream quality is much better on Twitch rather than MLG.
- Twitch has a better site layout.
- Twitch is better for fans to chat than MLG.
While Audible exclusively focuses on audiobooks, Scribd provides access to books, audiobooks, and PDF documents.
Not all of this material is what you would read for leisure, but it does provide access to millions of files, while Audible has a library of 100,000 plus titles, and many of these titles are on bestseller lists.
Audible is a highly-popular option that has earned a top spot in many reviews.
The basic plan allows you to receive a credit that you can exchange for an audiobook.
Some programs provide more credits if you are a keen reader, including annual plans that offer immediate access to 12 or 24 credits rather than needing to wait for each calendar month to bring another credit.
These options are more expensive initially, but if you’re a committed listener, it can alleviate buying anxiety.
Scribd offers a more varied package; your membership fee allows unlimited audiobooks, ebooks, magazines, documents, and sheet music access (restrictions may apply on some titles).
However, the audiobook library is currently at approximately 70,000 titles, which is far less than Audible.
In this phase, their product is Alexa from Amazon and Google Assistant from google.
Both Alexa and Google Assistant have developed into excellent voice assistants.
They have dueling sets of features: Alexa supports multiple wake words, for instance, while Google lets you upload your own music to its cloud.
Alexa is more configurable if you’re willing to stick to its specific syntax, while Google Assistant is easier to use, less frustrating, and more fluid.
Hollering different combinations of words at Google is more likely to result in a useful response. But if you learn and memorize Alexa’s phrases, you can dig down to find more obscure information sources and more skills with big third-party brands like Lyft.
Amazon Prime Music
Music discovery wins by Spotify
- Spotify’s USP is a music recommendation. Its hugely popular ‘Discover Weekly’ feature uses AI and machine learning to generate a playlist of 30 songs that are relevant to your listening habits – and it’s impressively accurate.
- Amazon Music Unlimited is split into three main sections: ‘Browse’ (the streaming service), ‘My Music’ (your local and Cloud library), and ‘Store.’ The tech giant’s in-house ‘Music Experts’ curate thousands of playlists, while Amazon’s algorithms recommended music based on your listening habits.
Hi-Res audio streams win by amazon prime
- Amazon recently launched Amazon Music HD, offering 50 million ‘HD tracks’ tracks at a CD-quality-quality bitrate of 16 bit/44.1kHz plus millions more in 24bit and up to 192kHz (which Amazon refers to as ‘Ultra HD’). It costs £12.99 per month for Prime subscribers, or £14.99 if you don’t have Prime. Existing Amazon Music Unlimited subscribers can access HD tracks for an additional fee of £5 per month. We’re currently putting the new service to the test so be sure to check back for our definitive verdict.
- Contrast this with Spotify, who has hinted at upping its maximum quality from 320kbps but is yet to do so, and Amazon’s package might sway potential customers.
Who Has Better Selection?
I think that Amazon Prime edges out Netflix in terms of available selection, but Netflix curates its content a little bit better. In particular, Netflix seems to have more new movie selections.
Do The Original Series Do The Service?
In my opinion, Netflix dominates this category right now, but I’m not counting Amazon out.
Amazon Prime Video is a core focus for cash-heavy Amazon so that they will be coming with firepower over the next few years.
What’s Easier To Stream?
Amazon is already making great inroads into the smart house technology, so you can bet that Amazon Prime Video will be way easier to access than any other streaming service in the future.
Who Has The Better Price?
Since Prime Video also comes with free 2-day shipping for all Amazon products, plus sweet deals on subscription services, Amazon is the hand’s down winner in this category.
If You Had To Pick One
I don’t think Amazon Prime Video is as entertaining as Netflix (at least not right now), but I’m okay with that.
I prefer to watch less TV rather than more. Amazon Prime Video has more than enough content to keep my mindless habits going strong, at least this is for me.
What is the difference between eBay and Amazon?
The main difference between Amazon and eBay lies in the fact that Amazon is a retail website, while eBay is (mostly) an auction site.
People visit Amazon to do their online shopping directly from the site or third-party sellers.
Is selling on Amazon more reliable than eBay?
Selling on Amazon is more reliable than selling on eBay because Amazon gives you the means and the tools to become a successful FBA seller.
Of course, that’s an oversimplification, but the truth is that Amazon has an active community of thousands of professional sellers.
This means that in almost every case, you can reach out to fellow sellers and ask for help.
That’s partly the case with eBay, but even though eBay also has a community, it’s not as active as Amazon’s.
How many sellers do Amazon and eBay have?
According to an article by feedback express, there are 1,761,784 sellers on Amazon right now and there are currently more than 25 million active sellers on eBay.
That Amazon is a better online marketplace than eBay.
Yes, there are some cons of being an Amazon FBA seller, but Amazon’s marketplace is superior to eBay’s in many ways.
In my opinion, selling on Amazon is better because:
- You to reach a wider audience
- There are better communities to ask for help
- It provides you with better and more tools (e.g., keyword research tools)
- Amazon has significant YoY growth that allows you to grow within the marketplace
To be clear: I’m NOT saying that selling on eBay can’t be profitable
I’m saying only that Amazon offers more opportunities than eBay.
With a $110 All-new Kindle Kids Edition is better than $279.99, the Kobo (Forma) is not only cheaper than kobo but I think better for books, with thousands of titles available to borrow for free at a growing number of libraries.
It’s not the Kobo, though, and that’s what most people seem to want.
If buying an e-reader for yourself, the Kindle wins hands down in my opinion. Save yourself the extra bucks and buy a nice case for it.
But if you’re buying an e-reader as a present, it may be worth spending that extra bucks and getting them what they really want.
AWS (Amazon Web Services)
We, of course, are partial to Google Cloud here at Kinsta and are excited to see the rapid rate of global expansion over the past year. When it comes to pricing and speed, Google Cloud Platform is definitely one you want to check out!
AWS of course also has a long-standing history of providing cloud computing services for businesses and enterprises over the past decade.
They really were the first ones to push the cloud industry forward, and are still the one that providers like Google and Azure are copying. Their support, redundancy, and availability per region are superb.
There are many other products and services from Google Cloud and AWS which we couldn’t cover in this post.
But rest assured, the constant battle of cloud computing providers to gain more of the market share only benefits consumers and hosting partners such as Kinsta.
It means lower prices, more products and services, and increased performance.
Which Payment Gateway Should You Choose? This payment method is used for WordPress or woocommerce purposes.
This brings us on to the all-important question: which payment gateway is best for WordPress users?
Of course, this answer is subjective.
What I will say, however, is that payment gateways aren’t mutually exclusive – you can use more than one if you want.
In fact, a restrictive checkout is one of the main reasons for cart abandonment.
By giving your customers lots of payment options, you’re more likely to get them over the line.
With this in mind, I recommend choosing multiple payment options for your customers.
Most customers prefer to pay in one place, so I strongly recommend one of the on-site payment gateways, a choice from PayPal Pro vs Stripe vs Authorize.net (you select) – you only need one of these as they all provide essentially the same service.
On-site payment gateways are harder to set up but make the payment process far more straightforward, so the pros easily outweigh the cons.
Personally, I like to give customers lots of choices. I recommend combining your on-site gateway with at least one of the other two options, PayPal Standard vs. Amazon Payments (seems like a good selection).
(Note: if you decide to use PayPal Pro, you don’t need PayPal Standard).
Both these services are free to set up and integrate, plus they add a well-respected trust symbol to your checkout in the form of two big-name brands.
Give your customers the option to pay by a card or using their PayPal/Amazon account and you’re likely to get more conversions. This makes it more than worth the extra effort of setting up two gateways.
The shipping war was already on with larger e-commerce leaders.
Target (NYSE: TGT) has fired back at Amazon’s one-day Prime delivery with its own recent announcement offering same-day delivery on 65,000 items through Shipt with or without a membership, and Walmart (NYSE: WMT) has announced next-day delivery on select items as well.
Just this month, Amazon announced it has added 15 Boeing 737 freighters to its growing air fleet, with its goal of growing to 70 planes by 2021. (By comparison, FedEx currently boasts a fleet of 700 planes).
In a sense, the trainer wheels are off the Amazon Logistics operation
said an investors’ note from Morgan Stanley’s freight-analyst team in a Business Insider article.
This [FedEx] announcement is likely to put extra strain on Amazon’s in-house shipping offerings.
Whether the company will be able to not only build the infrastructure but do it well against a backdrop of seasoned shipping companies like FedEx, who bring decades of experience, is anyone’s guess.
The pieces may or may not be in place, according to a March report from RBC Capital Markets that estimated Amazon already had the capacity to offer same-day and next-day delivery to 72% of the total U.S. population.
Shipping policies have been the main linchpin in the company’s rapid growth, redefining expectations for consumers, not to mention building a loyal base of 90 million Prime members in the U.S. alone.
However, as the company scrambles to bridge the gap left by FedEx, I’m curious to see if these expectations will now come back to bite the company, particularly with FedEx teaming up with the broad e-commerce marketplace.
As with most aspects of retail, from product to service to shopping experience, understanding, and meeting customer expectations is the key to success.