Jeff Bezos and Amazon

His passion for technology - from childhood - has led him to specialize in it. He even established the world's first e-commerce site, which he started by selling books and became a platform to buy all kinds of products.

The idea of Jeff Bezos was never in the bud, and the results of his studies did not convince any investor to fund it. But he resisted all the obstacles, walked his way and achieved his goal; to be included in the list of the rich. How was his story?

the beginning

Jeffrey Preston Bezos was born in Mexico City in 1964 and is known as Jeff Bezos. He has been fond of the world of technology since his youth, prompting him to study computer science and electronic engineering at Princeton University, New Jersey; in 1986, he received his bachelor's degree in electrical engineering and computer science.

Professional life

Bezos, after graduating from many major companies, gained extensive experience in web design and e-networking; in 1990 he became vice president of Bankerstrust.

Bezos studied at River Oaks from grade four through sixth grade, then attended high school at the Miami Palmetto School, participated in the University of Florida's student training program, and won the Silver Knight Award in 1982.

Honours

Bezos joined Princeton University to study computer and worked as a summer programmer until he developed a program for IBM in California. He graduated from university in 1986 with a bachelor's degree in electrical engineering and computer science with honors.

Give up a prestigious job

Despite the high profile of Bezos, he worked in several institutions until he became the youngest vice-president in the company's history in 1990, but he suddenly decided to abandon it; he felt that he had latent potentials and creative thinking that led him to establish his own project.

Electronic library

Bezos pioneered the idea of ​​an investment based on the establishment of a website that serves as an e-bookstore on the Internet, especially since books are difficult to send and share via e-mail;

Obstacles and funding rejection

Bezos did not betray the irony of his managers and colleagues at work, who were warning him of the consequences of that near-failure, in their view.

On the other hand, dozens of investors refused to grant Bezos the minimum funding for his new project, which was worth one million dollars.

self-reliance

Bezos did not succumb to his belief in the idea of ​​his project, his enormous potential, his technological expertise and his research, which confirmed the rapid development of technology in various fields. He sought to borrow $ 100,000 from his parents and agreed with some of his friends Programmers to start the establishment of the new site, according to the budget available.

Amazon.com

In 1994, Bezos, in cooperation with his friends, launched the new version of his new website Amazon.com without establishing a site. He started his project from a small garage in his home, using only one computer.

The name of the site came in relation to the largest river in the world: the Amazon River in South America.

Marketing at the lowest cost

Due to the poor capital of the project, Bezos - in promoting his new site - relied on his friends, who began to introduce him to friends and family.

Official launch

In 1995, Bizos launched Amazon's first ever e-commerce website, which was highly acclaimed for its professional workflow linked to a dynamic database that preserves users' data and allows them to accurately define orders.

Fast success

In a short period of time, the commercial site became famous among the various strata of society, spreading the culture of online shopping. Then Bezos bought the new site, and in 1999 it had a company with a capital of billions of dollars.

Expansion of the project

With millions of users buying books online, Bezos is selling new products such as clothing, toys, accessories, medicines, and more.

Best service .. Lowest prices

Bezos's vision is to provide the best customer service; to make all purchase options available, to seek the implementation of customer proposals, to provide the lowest prices, to sell used products, to activate special offers from time to time, Customers, with a fair compensation if they have any problem while purchasing through the site.

The third richest in the world

In 2015, the Jeff Bezos revolution was estimated at $ 4.85 billion, to be ranked as the world's third richest, who stole their fortunes from online projects.

Best American Company Award

The Consumer Protection Society of the United States of America, Amazon.com, has been awarded the Best American Company Award for its customers.

Lessons learned

The search for passion: God created - Almighty - each of us with different qualities and qualities and tendencies to complement each other, each of us a passion must be developed and developed just as Bezos, who translated his love of technology to study, and then experience, Millions.

Failure to succumb to failure: Bezos did not pay attention to the failure of the idea of ​​his new project, but decided to continue the path;

Introducing a new service: Ideas usually achieve the desired level of success if they offer a new service that will develop or facilitate a product. So when Bezos thought about launching his own project, he introduced a new service for reading enthusiasts to buy and exchange books from any Place the easiest way as quickly as possible.

Adapting to circumstances: You may face obstacles in your quest to establish your project, and you may not fully succeed in passing it, but you can then adapt to the circumstances and reach the best possible solutions. Bizos, who was unable to secure the funding for his project, had to cut his budget and launch his project from his home in cooperation with some friends for only $ 100,000.
One of the most important factors in the success of any project, and one of the reasons for convincing investors to finance it, is the good study of all its interlocutors. Therefore, Bezos did not rely on hypothetical expectations.