Digital Business Revenue Models + YOUTUBE VIDEO
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...