Haven’t seen the whole fireside chat, but had to dig up the source when came across this great Jeff Bezos wisdom around 4.5 minutes in, on anticipating future business needs:
I very frequently get the question, “What’s going to change in the next ten years?” And that is a very interesting question. It’s a very common one. I almost never get the question, “What’s not going to change in the next ten years?” And I submit to you that that second question is actually the more important of the two. Because you can build a business strategy around the things that are stable in time. In our retail business, we know that customers want low prices. And I know that’s going to be true ten years from now. They want fast delivery. They want vast selection. It’s impossible to imagine a future ten years from now where a customer comes up and says, “Jeff, I love Amazon. I just wish the prices were a little higher”. “I love Amazon. I just wish you’d deliver a little more slowly.” Impossible. And so the effort we put into those things, spinning those things up… we know the energy we put into it today will still be paying off dividends for our customers ten years from now. When you have something that you know is true, even over the long term, you can afford to put a lot of energy into it.
There’s a life metaphor in there somewhere.
If you read a book, how many other related or similar books does it make you order? […] If you don’t end your read with some additional book orders, maybe you need to ask yourself what exactly went wrong.
And this is worth pondering:
How about a book review outlet which refuses to consider the books under consideration, but rather considers and evaluates what they will induce you to read next?
The Amazon order test as an algorithm for evaluating books
One enduring feature of the art world is that a given piece will sell for much more in one context rather than another. The same painting that might sell for 5k from a lower tier dealer won’t command more than 2k on eBay, if that. Yet it could sell for 10k, as a bargain item, relatively speaking, if it ended up in the right NYC gallery (which it probably wouldn’t). Where does Amazon stand in this hierarchy? It doesn’t look promising.
Is Amazon Art a doomed venture? Let’s hope so
“With Whispersync data from millions of Kindle readers Amazon can learn not just what we are reading but how we are reading.” Good ideas for Last.fm-style data slicing.
Spying on how we read « Music Machinery
“Certain items at Amazon.com qualify for free shipping, but sometimes the purchase falls short of the minimum $25 needed to receive the free shipping. Enter the amount you need to see a list of products that qualify for free shipping.” (via)
Amazon Filler Item Finder – Get Free Shipping on Amazon.com