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Showing posts from August, 2021

Digital Business Revenue Models + YOUTUBE VIDEO

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Froggy Ads 2021 Amazon Amazon is one of my favourite websites up to date. Everything you could imagine; they would have the products for you. With that being said, Amazon has rapidly established itself as one of the most successful digital businesses in the world, selling basically everything from books to furniture to food on the website. Starting as a bookstore, Amazon expanded and provided a marketplace space for both buyers and sellers. So, what makes Amazon so successful? Let's look at Amazon's business model. Amazon has grown into a complex digital ecosystem with a portfolio of business models. Amazon's business model initially was based on eCommerce and now incorporates cloud computing, entertainment, music, meal deliveries etc. (Fox 2020).  Business Strategy Hub 2018 The image above shows the business model canvas for Amazon. This entails the basic framework of the organisation's key aspects, values and structure which what make Amazon the business they are toda...

The Affects of COVID-19 on E-Commerce Businesses

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LookSmart 2019 I believe we can all agree that the COVID-19 outbreak has shifted business and consumer perceptions in the past year. E-commerce businesses and the use of digital marketing are taking advantage of the pandemic and taking over the shopping industry. Let's start off by discussing the fundamentals of digital marketing.  What is the definition of digital marketing?  Well, digital marketing is the promotion of brands through promotional interactions such as search engine optimisation, social media, and display ads in order to connect with their target and potential customers. Electronic gadgets like televisions, mobile phones, tablets, and desktop computers are used to accomplish this. E-commerce businesses have benefited immensely from digital marketing in terms of raising brand awareness and encouraging people on a global scale to buy their products or services online. Consumers have gained more convenience as a result of e-commerce businesses providing more produc...