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Amazon and Alibaba are the largest marketplace in the world and all these examples are just very small. Without including their model and growth the analysis wi
by dragonsh 7y ago
Amazon and Alibaba are the largest marketplace in the world and all these examples are just very small. Without including their model and growth the analysis will be always incomplete.
Perseverance is one of the biggest asset in building a marketplace, besides the qualities or technical innovations and I do not see it even discussed.
Amazon solved Chicken and Egg problem by buying inventory itself and countless innovative and non innovative work, I feel what stands out in it is perseverance.
Alibaba solved the problem by buying themselves from vendors listed on their marketplace to give them an illusion that the marketplace works. Also they did countless innovative and non innovative work. Here also it’s perseverance which made what they are.
- mytailorisrich 7y agoAmazon did not start as a marketplace. It started to allow third party sellers in 2002, iirc.
- sharemywin 7y agoI think that's the point. you could look at it like they seeded their supply and built the demand side first.
- mytailorisrich 7y agoI don't think we can say that Amazon became the largest online retailer just to seed their supply.
- sharemywin 7y agoIt's funny because most of their profits come from PPC and AWS. The way I look at it their global retail and warehousing operation is Jeff Bezos Hobby.