Let's just list some of the things that Amazon has going for them.
- Projected $20 billion in sales in 2008
- 30% of the units sold through Amazon were from 3rd party sellers.
- Amazon Web Services continue to grow, even with some service hiccups - AWS provides Cloud computing services for developers and start-ups. (Its all techie stuff)
- Millions of associates worldwide are promoting Amazon product.
- Amazon will soon be opening up China and India to 3rd party sellers (sorry no details on when)
- FBA (Fulfillment by Amazon) is available in the US, Germany, UK and Japan and the year-and-a-half old program is growing fast.
- Amazon's share of the MP3 Digital Download market is growing, with some estimates suggesting Amazon has from 8 - 10% of the market.
- Webstore by Amazon has opened its doors to media sellers, in addition to every other category of seller.
- TextPayMe service allows balance transfers and payments to be made by mobile phone, email or the web.
- TextBuyIt service allows customers to compare pricing from their mobile phone.
- Amazon isn't just a media retailer anymore with everything from Automotive parts to Home and Garden supplies available for sale.
- Endless.com online shoe retailer.
- Amazon isn't afraid to develop and launch their own sites and platforms, unlike other companies that have to buy them. Why buy something when you can build it yourself and leverage all of your infrastructure.
- Now you can buy product through your TiVO.
- And the list goes on and on.
I've heard many people say that Amazon is going to be the WalMart of the Internet and I have to disagree ... I think it's going to be bigger than WalMart.
Just my 12%