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How amazon became the biggest book supplier in the world

26 Aug

Jeff Bezo is one of the worlds most successful business men and is also the founder of the Amazon website. He left his well paid job on Wall Street in New York after he decided to start a website that focused on being the web’s number one book supplier. This website is now worth around £19 billion and sells a wide selection of products throughout the world. In this article we will have a look at how the company has developed from a book supplier into a website that sells nearly everything.book supplier

Attention to detail

The website is known for its incredible attention to detail. Every number and component within the website is calculated and measured on a daily basis. The company is always on the lookout for something which could have a negative effect on the sales of a product. For instance, the website regularly measures the time that pages take to load on the website. If a page takes 0.1 seconds longer than the required amount of time, Amazon believe it will lose 1% of all its customers.

Less is more

Amazon take the viewpoint that less is more. The top employees of Amazon are paid a regular salary and the CEO himself did not pay himself more than £100,000 in the last year. When working on new products Amazon uses small teams of designers and do not believe that large teams make the best decisions.

Determined from a young age

Jeff Bezo, the CEO of Amazon was always a determined individual. When he was younger he wanted be an astronaut. As he got older he landed a high-powered job on Wall Street and became diligent in number crunching and team building. The key to Amazon’s success is the focus it has on the customer. There are 80 warehouses around the world which stock the Amazon products. Getting the products to these customers quickly and in good condition is the main goal.

 

Posted in Book Suppliers

 

Starting your own book suppliers business. Step 1. Finance your company with a loan

12 Jul

Getting cash to run your business is not rocket science. Banks are in business to finance investors. As long as your business idea is sound, you are likely to get funding from your banker. The thing is that you have to know the right steps to take.
Business LoanIf you are thinking of setting up a business as a book supplier, you are on the right path already. If you supply a need, you will definitely make good money. Fortunately for you, there will always be a need for books in the society. This implies that the investor who ventures into the book supply business cannot be short of customers.

The good thing about this business is that it does not require a lot of capital. Again, the turnover is quite high and the profit margin is decent. Overhead costs are also low so this makes it the perfect business for people who want to make money. This business has very good prospects and this is just the kind of business most banks will love to finance.

If you want to finance your book supply company with a loan, all you have to do is apply for one. It helps if you have an account with the bank already. In the event that you do not have an account, just open one and run it for a while. Speak to the loan officer at the bank and discuss your business with him or her first.

The next step is to formally apply for the loan. Fill the forms correctly and attach all the relevant documents. These documents include your sales plan, your present customers and the stock you already have. You also need to have collateral security to improve your chances of getting the cash.

As stated already, getting finance from a bank is not that difficult. Meet all the required conditions and your banker will be happy to finance your business. The bank will make money and so will you.

If you are unable to get the finance you need it’s probably because of your poor financial profile. This means you will probably need to apply for a bad credit loan to get the financial support you need to become the next big book supplier.

 

Posted in Business Loans