This is the cheapest and easiest way to have an Internet (sales) strategy. This solves all the problems. We charge the customer's credit card and deposit the money directly into your bank account.
More Quotes from Jeff Bezos:
We were hoping to build a small, profitable company. And of course, what we've done is build a large, unprofitable company.Jeff Bezos
These price cuts ... do pressure our margins, but at the same time what they do is drive a lot of volume which helps us because we have a high fixed-cost structure,
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The killer app that got the world ready for appliances was the light bulb. So the light bulb is what wired the world. And they weren't thinking about appliances when they wired the world. They were really thinking about - they weren't putting electricity into the home. They were putting lighting into the home.
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If you do build a great experience, customers tell each other about that. Word of mouth is very powerful.
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We have had so many discussions with so many different publishers that it isn't practical to keep it under wraps, ... Too many people know about it.
Jeff Bezos
In January, we shifted money from TV and print advertising to customers through lower prices and free shipping, ... We're pleased with the results.
Jeff Bezos
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