Essay about Amazon : An Online Payment System

Essay about Amazon : An Online Payment System

Length: 1466 words (4.2 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

One of the greatest opportunities for Amazon is an Online Payment System. The online system allows the company to reduce transaction fees and increase ease of use for their customers. Internet sales are increasing at a fast pace. This is a product of increased fuel prices, which make driving to a store less likely, and foreign purchases. This development allows foreign purchases to buy clothing as it becomes more popular abroad. Amazon’s biggest competitors can include retail stores that online stores such as Target, Best Buy, and Walmart among others, these can be considered the most dangerous for them since they have strong market share and can be a direct competitor since they attack the same market. Amazon wish to compete in prices, offering always the best deals. One of Amazon’s biggest competitor eBay, is a company which has its own payment method, PayPal. A great opportunity for Amazon to advance its business would be to create a similar payment system. Currently, Amazon does have its own system called “Amazon Payments”, however this system requires for one to use their bank account information. On the other hand, PayPal is much more advanced, and does not require a bank account. All it requires is a debit or credit card, and it also offers its own “PayPal Smart Connect” online credit card. EBay has witnessed a majority of its success from this payment system. There are thousands of online retailers who currently accept PayPal as a valid method of payment, which increases eBay’s revenue. If Amazon were to introduce a system similar to this as well, in which people are not required to give their bank information, the company would surely have a great bump in its revenue.
One of the largest threats that Amazon faces is its o...


... middle of paper ...


...the infrastructure is taken care of so that the retention is there. When the retention is there they will continue to grow and expand their product lines so their customers will not have to take their business elsewhere. To make sure that the customer satisfaction is taken care of they live by Sic Core Values to make things happen to make sure that everything stays in order. Amazon has maintained the mission of always taking care of the customer. They currently account for tremendous distribution systems that in some way be accounted for the success the company has since it ads real value to the service they have offered. In addition to CRM and other technologies the SWOT shows a variety of ways to overcome challenges, and add value to the company. In my opinion Amazon truly values their customers and are always working on ways to improve their products and service.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Essay about Amazon 's Competitive Advantage Based On Three Operational Strategies

- Amazon has been able to maintain sustainable competitive advantage based on three operational strategies. These are low cost-leadership, customer differentiation and focus strategies. Low cost-leadership is pursued by Amazon by differentiating itself primarily on the basis of price. By offering low prices to customers Amazon ensures its future success. Partially modifying the costs of lowering prices over time through achieving higher sales volumes, negotiating better terms with suppliers, and achieving better operating efficiencies....   [tags: Amazon.com, Online shopping, Amazon Kindle]

Better Essays
1115 words (3.2 pages)

Essay on Retail Strategies and Analyses for Amazon and Ebay

- What is a Retail Strategy. A retail strategy is a clear and definite plan outlined by a retailer to target a market. Retail strategies aim to build long term relationships with customers. Retail strategies outline the mission and vision of the retail organization. Elements of a Retail Strategy include the target market segments that the retailer plans to focus its retail mix and resources, the retail format to include the retail mix and a sustainable competitive advantage. The Strategic Retail Planning process includes: 1. Defining the business mission 2. Conducting a Situation Audit, Market Attractiveness Analysis, Competitor Analysis and a Self-Analysis of the organization 3. Identifying S...   [tags: swot, competition, shopping ]

Better Essays
2173 words (6.2 pages)

Essay about The Potential Growth For Online Shopping

- Summary Laya (2015) reported in the news that the potential growth for online shopping in Mexico has caught the attention of Amazon. A relatively high degree of urbanization and an increasing number of millennials present Amazon with lucrative opportunities in Mexico. However, Amazon has to innovate technologically to cater to Mexicans specifically as they have not fully changed their shopping habits and have trust issues of online payment. Application of concepts Socio-cultural environment The demographical factors link this article to the socio-cultural environment....   [tags: Electronic commerce, Amazon.com, Online shopping]

Better Essays
901 words (2.6 pages)

Amazon : An American E Commerce Company Essays

- Amazon is a large well-known business that I decided to write about because it’s a site where many people worldwide and students from Montclair State University (MSU) use to purchase many things such as books and other necessity for their classes. Amazon was the business that I picked rather then other institutions because I wanted to develop and research their company in depth to find out different techniques and discover what Amazon is all about. Especially since it’s a company that many of my friends and family members use every day....   [tags: Amazon.com, Online shopping, Electronic commerce]

Better Essays
1076 words (3.1 pages)

Essay about Online Shopping has Greatly Imrpoved Life for Consumers

- Online shopping, also known as web store, is defined as a form of electronic commerce which allows consumers to directly purchase goods or services from a seller over the Internet using a web browser. It is not web storage, a built-up system in the Internet whereby one stores and shares data. Online shopping is similar to social shopping; a method of e-commerce where shoppers meet online to shop together. It is not similar to communal shopping; a method of shopping where the shopper enlists others to participate in purchase decision by giving reviews on a product to help customers decide....   [tags: web store, manage products, amazon]

Better Essays
1631 words (4.7 pages)

Amazon.com and Management Information System Essay

- Amazon model initially offered customers access to massive selection without the needs to incur cost, time and stress of opening warehouses and stores and the needs for inventory handling. Amazon realized to ensure customers get a pleasant experience and Amazon acquire its inventory at reasonable prices, they need to be in control of the transaction process from beginning to the end through operating the business from their own warehouses. Amazon’s customer philosophy can be traced from a letter extracted to the 1997 Annual Report that stated their focal points by offering customers products that they think is worth buying....   [tags: Case Overview, Amazon]

Better Essays
1247 words (3.6 pages)

Amazon 's Best Supply Chain Systems Essay

- When you think of online shopping one of the first things you think of is Amazon. Amazon has one of the best supply chain systems in the world. Launched in 1995 as an online bookstore, it is now the largest online retailer in the U.S. With an online inventory of 170 million products, Amazon has an innovative supply chain management system that creates a highly competitive advantage. This “tour” of Amazon will go over some of the operations and what makes Amazon the company it is. One Step Ahead Amazon knows what you want before you buy it....   [tags: Amazon.com, Jeff Bezos, Supply chain management]

Better Essays
700 words (2 pages)

Case Study : The Home Depot Data Breach Essay

- Case Study: The Home Depot Data Breach Dinesh Somala A00146897 Summary This case study is about the data breach that had taken place in the home depot in 2014 Where in 56 million payment cards were stolen and the issues related to the occurrence. Nowadays, hacking systems which get the data from payment card in retail stores is a popular issue. The use of stolen third-party vendor credentials and RAM scraping malwares were the main reasons for the data breach....   [tags: Credit card, Payment, Debit card, Payment systems]

Better Essays
1138 words (3.3 pages)

Essay on Online Auction And Shopping Website

- Did you know you can buy items such as a vintage World War Two plane, to a yacht, to a mobile home. It is true. EBay is an online auction and shopping website that is used by millions of people worldwide and offers customers a variety of various types of products to buy. It is one of the biggest e-commerce companies in the world. EBay allows people to sell and buy products from many different countries around the world. There are some people who make an income out of selling goods on eBay. In electronic commerce such as eBay, Information Technology (IT) is used anywhere from the collection and storage of data, to security factors, and to helping customers with their online auction experience...   [tags: EBay, Electronic commerce, PayPal]

Better Essays
1181 words (3.4 pages)

External Environment : Opportunities And Threats Essay examples

- EXTERNAL ENVIRONMENT: OPPORTUNITIES AND THREATS 1. THREATS a. Online security. i. Amazon stores its online shoppers’ personal information, such as bank account details, which is a target for online thefts. ii. The more online customers Amazon has, the more attractive as a target it becomes. b. Lawsuits. i. The business has already attracted much negative attention from UK and U.S. authorities for tax avoidance and is subject for litigations and fines ii. Lawsuits are costly and consume time. c. Strategic alliances....   [tags: Electronic commerce, Online shopping, Amazon.com]

Better Essays
1414 words (4 pages)