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Five Lessons Small Businesses Can Learn From Amazon

<p>When Amazon offered its Kindle at &dollar;79 in 2011&comma; the online retailer lost &dollar;5 every time they sold one&period; This may seem like a poor strategy&comma; but the millions of sales the company would make through those Kindles made the loss worthwhile&period; This strategy&comma; along with many others&comma; paid off and shows that Amazon does things right as it&&num;8217&semi;s grown to be the largest online retailer in the world&period; By learning from Amazon&&num;8217&semi;s success&comma; your small business can get its own piece of the online marketplace&period;<br &sol;>&NewLine;<strong>Change your Shipping Strategy<&sol;strong><br &sol;>&NewLine;Shipping is expensive&comma; but it also drives customers away&period; If your shipping costs are too high&comma; people will look for someone else to shop with until they find a company that offers free shipping&period; What&&num;8217&semi;s the solution to this&quest; Find a way to offer free shipping&period;<br &sol;>&NewLine;Amazon did this with their &dollar;25 Super Save Shipping program&period; If a customer purchases &dollar;25 worth of product from Amazon&comma; the shipping is free&period; This can cut profits initially&comma; but the long-term benefit of loyal customers who come to your business first is worth the investment&period;<br &sol;>&NewLine;<strong>Site Structure Matters<&sol;strong><br &sol;>&NewLine;Amazon has a straightforward layout that consumers understand&period; The search bar is visible and the category layouts make sense&period; Consumers can find what they need with minimal effort when shopping at Amazon&period;<br &sol;>&NewLine;Your site is your storefront to an online buyer&period; That online buyer may never set foot in your brick-and-mortar store&comma; so the image you put forth is vital to your success&period; Create a site that holds the consumer&&num;8217&semi;s attention and provokes them to take action&period; If&comma; like Amazon&comma; you can create a site that has logical navigation and a straightforward&comma; uncluttered design&comma; and you&&num;8217&semi;ll find greater success&period;<br &sol;>&NewLine;<strong>Your Store Should Always Be On<&sol;strong><br &sol;>&NewLine;The Internet is open 24&sol;7 and your site needs to be as well&period; Have you ever logged on to Amazon&period;com and found it down&quest; While it may have happened a few times&comma; it&&num;8217&semi;s not very common&period; Yet many small businesses struggle to keep their sites up and running&comma; because they have poor web hosting&period; Choose a reliable Web host for your business that offers good support&comma; and your site will also be a reliable one that customers can count on when they need it&period;<br &sol;>&NewLine;<strong>Don&&num;8217&semi;t Fear Experiments or Failure<&sol;strong><br &sol;>&NewLine;Amazon&&num;8217&semi;s Prime membership offer was an experiment&comma; and one that&&num;8217&semi;s worked well for the online retail giant&period; It’s just one of hundreds of experiments the company tried&period; Many times the company experimented and failed&period; They experimented with television advertising&comma; which didn&&num;8217&semi;t prove to be cost-effective&period; They experimented with the Amazon PayPhrase&comma; something consumers simply didn&&num;8217&semi;t connect with&period; Experimenting will help you find what works&comma; and what doesn&&num;8217&semi;t work&comma; for your specific customers&period;<br &sol;>&NewLine;<strong>Be Customer-Centered<&sol;strong><br &sol;>&NewLine;Have you ever tried to return something you bought on Amazon&quest; The process is one of the simplest found online&period; Have you ever contacted Amazon support&quest; The experience was likely a positive one&period; Amazon is customer-centric&comma; and this has built loyalty among its customer base&period; If you can follow suit&comma; you&&num;8217&semi;ll see greater loyalty with your customers&period;<br &sol;>&NewLine;Amazon has grown from selling books out of Jeff Bezos&&num;8217&semi;s garage to a site bringing in &dollar;34 billion a year in revenue&comma; making it the biggest online retailer in the world&period; All of this happened because the company has done several things right&period; By mimicking these successes&comma; you&&num;8217&semi;ll grow a successful online business as well&period;<img class&equals;"alignright size-medium wp-image-16674" src&equals;"https&colon;&sol;&sol;haznos&period;org&sol;wp-content&sol;uploads&sol;2013&sol;04&sol;ID-100152992-300x300&period;jpg" alt&equals;"" width&equals;"300" height&equals;"300" &sol;><&sol;p>&NewLine;

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