Wired online today is presenting a short, but good interview of Amazon.com CEO Jeff Bezos.
In the interview, Bezos speaks about Amazon.com's inventory model, the success of "Search Inside the Book," and about the declining "bricks and mortar" music business.
He also talks about his predictions for the percentage of retail that will be transacted online. Snippet:
I think online ultimately will be 10 to 15 percent of retail. The vast majority of retailing will stay in the physical world because people have acute needs, they want things now. Also, there are products, like a yard rake, where the economics of delivery don't make sense. But a 600-pound table saw is a great item to sell online because it always gets delivered. And it's expensive enough that there is enough profit in it to cover the cost of shipping. Plasma TVs, same idea.
At the end of the interview, Bezos shares why Amazon.com is no longer doing television advertising. Very interesting stuff. Enjoy.
-aB
1 comment:
The same article appears in this month's Wired print version. I am sick and tired of paying for a magazine, only to find its content on a Web site for free.
Bev4Ever
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