Amazon Launches $2B Fund for Clean Tech

The Climate Pledge Fund will invest in companies across transportation, energy generation, battery storage, manufacturing, food, and agriculture. Grow Your Business, Not Your Inbox Stay informed and join our daily newsletter now! June 23, 2020 2 min read This story originally appeared on PC Mag Amazon has decided to create a $2 billion venture-capital fund aimed at supporting businesses in a number of different sectors who are working to reduce the impact of climate change. It’s called The Climate Pledge Fund. In April last year, thousands of Amazon employees sent the company an open letter asking it to take a stronger stance on climate change. Then in January, 350 staff protested Amazon’s decision to implement a new policy threatening punishment or termination of employees who publicly criticize the company’s stance on climate change. So details of this new fund will likely come as a welcome surprise. As The Wall Street Journal reports, Amazon is looking to […]

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Why Selling on Amazon Is Not a Sales Strategy

The pandemic forced Amazon to stop shipping “non-essential” products with its usual two-day commitment, and that change impacted many brands that rely solely on the Amazon platform. Grow Your Business, Not Your Inbox Stay informed and join our daily newsletter now! June 22, 2020 2 min read Opinions expressed by Entrepreneur contributors are their own. Ju Rhyu, co-founder of Hero Cosmetics, was a guest at the most recent Startup Story Live, an extension of the hit podcast The Startup Story that gives everyone in attendance direct access to founders. The two-day live stream event, which streamed to 77 different countries, allowed founders to share the tactics and strategies they have employed to stabilize their current businesses.  During her time at Startup Story Live, Rhyu explains how she discovered her pimple-care patch while working for Samsung in South Korea. From that discovery, Rhyu rebranded that product as the Mighty Patch and brought it to the United […]

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5 Facts About Amazon Veteran Peter Faricy – ShoeMoney

Peter Faricy is the former head of Amazon’s marketplace and he’s not stopping there. For over twenty years, Peter has enjoyed a successful career. It hasn’t always been easy, but most of us would kill to achieve his level of success.  Here are five facts about the man, the myth, the legend, Peter Faricy.  He is a University of Michigan Alumni Faricy graduated in 1995 from the University of Michigan with an MBA and has served as the Vice-Chairman on the Dean’s Advisory Board since 2013. He also serves on the board at Seattle Prep High School. It’s clear Faricy values education. His continued contributions show his appreciation.  He Worked for Ford Motor Company and Borders Books Before Amazon  Faricy served as an Executive director at Ford from 1999-2003. After that, he moved on and became the Vice President of Multimedia at Borders Books from 2002-2006.  The position primed him for his days […]

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Amazon Is Slashing Commission Rates for Its Affiliate Program

The commission rates will change starting on April 21st. April 15, 2020 2 min read This story originally appeared on Engadget Amazon’s affiliate program members are getting less money starting on April 21st. According to CNBC, the e-commerce giant has notified Amazon Associates — affiliates that link to products on its website in exchange for a percentage of the sales — that it’s slashing commission rates across various categories. The changes are quite significant in some cases: The furniture and home improvement category’s affiliate cut fell from 8 percent to 3 percent, for instance, while grocery items’ commission rate is now down to 1 percent from 5 percent. As you can tell, it could have a huge impact on websites, including media outlets, that rely heavily on Amazon’s affiliate program to make money. The company spokesperson CNBC talked to wouldn’t say whether the changes were made in response to COVID-19. But as the publication notes, […]

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Amazon Opens First Big ‘Go’ Grocery Store in Seattle

It’s four times larger than Amazon’s first cashierless store and aimed at serving residential neighborhoods. February 25, 2020 2 min read This story originally appeared on PC Mag Amazon is opening another cashierless Go store today, but this one is different. As Reuters reports, the new store is located in Seattle’s Capitol Hill, but it differs to existing Go stores in two ways. The first is in name, as it’s called Amazon Go Grocery. The second is in size, as it’s roughly four times larger than the first Amazon Go location, which opened in early 2018, allowing it to stock a much wider variety of products. The differences are due to Amazon targeting a different type of consumer. Typically, Go stores have been located and stocked to cater to the office worker who wants to quickly pop in for a handful of products or to grab lunch. This new Go Grocery […]

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Amazon Staffers Risk Jobs to Call Out Its Climate Change Policies

The company has been warning employees they can face termination if they continue to publicly criticize Amazon for taking insufficient action to tackle climate change. In response, more than 350 employees are arguing the company is trying to censor their views. January 28, 2020 3 min read This story originally appeared on PC Mag A new policy at Amazon, which can result in punishment or termination for employees who publicly criticize the company’s stance on climate change, has prompted more than 350 employees to speak out in protest. The employees claim the company is trying to silence their activities, which includes urging Amazon to phase out fossil fuel use, and to stop making its cloud computing services available to the oil and gas industry. “It’s our moral responsibility to speak up, and the changes to the communications policy are censoring us from exercising that responsibility,” Sarah Tracy, a Software Development […]

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Hacking of Jeff Bezos’ Phone is Tied to Saudi Prince, Reports ‘The Financial Times’

The stunning allegation reportedly comes from a forensic analysis Amazon CEO Jeff Bezos commissioned to determine the culprit behind the hack, which resulted in his private photos ending up in the hands of the ‘National Enquirer.’ January 22, 2020 3 min read This story originally appeared on PC Mag How did the private photos of Amazon CEO Jeff Bezos end up in the hands of the National Enquirer? A forensic analysis claims that malware sent from the WhatsApp account of the Saudi Crown Prince Mohammed bin Salman was involved. On Tuesday, The Financial Times reported on the stunning allegation, which comes from a forensic analysis Bezos commissioned to determine the culprit behind the hack. According to the investigation, Prince Mohammed exchanged phone numbers with Amazon’s CEO back in 2018 during a dinner in Los Angeles. In May of that year, the prince’s WhatsApp account then sent an encrypted video file to Bezos’ smartphone that turned out […]

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How Amazon Makes Its Money

Here’s a breakdown of Amazon’s revenue from across its e-commerce and retail ecosystem, cloud infrastructure, streaming services, consumer devices, advertising business and beyond. December 30, 2019 3 min read This story originally appeared on PCMag Amazon is relatively unique among giant U.S. tech corporations. It’s not just an e-commerce and shopping giant, cloud provider, device-maker or software-and-services platform — it’s also a money-making leviathan with tentacles stretching into new industries and markets, which makes it tough to define. The most accurate way to figure Amazon out is to follow the money. Statista compared Amazon’s Q2 2018 and 2019 results to break down how the various segments of Amazon’s business are growing. In every sector except physical stores such as Whole Foods (which remained flat), Amazon’s revenue grew year over year. Online-store revenue remains the foundation of Amazon’s business, with $31.1 billion in net revenue in Q2 2019. It’s also the company’s slowest-growing segment, though it’s up […]

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Amazon Fresh Deliveries Are Now Free for Prime Members

Before, Prime members were required to pay $14.99 a month for Amazon Fresh. October 29, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. Amazon is ditching its $14.99 a month Amazon Fresh fee for Prime members, which means Prime subscribers in the 2,000 US cities where the fresh food delivery service is offered can use it for free — and take advantage of new one- and two-hour delivery windows. You can sign up here but you’ll have to wait for an invitation — as Amazon says, “We expect this will be a popular benefit.” Related: Walmart’s New Delivery Service Will Put Groceries Directly in Your Fridge Amazon has been experimenting with its Amazon Fresh pricing for a while now. Initially costing $99 a year plus delivery fees, and then $299 a year including delivery fees, the service has been charged at $14.99 a month since 2016. Bundling it in with Prime represents pretty good […]

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Amazon Adds Thousands of Counter Pick-up Locations in the U.S.

The e-commerce giant first launched its Counter pick-up concept back in June 2019. October 23, 2019 2 min read This story originally appeared on Engadget While Amazon’s competitors were scrambling to match its same-day and next-day delivery options, the e-commerce giant was apparently working on its more experimental approach to deliveries. It launched its Counter pick-up option in the US back in June, allowing customers to get their parcels delivered to partner stores. Now, it’s expanding that service and opening thousands more Counter locations in the US — just in time for this year’s holiday shopping season — thanks to its partnerships with Stage Stores, GNC and Health Mart. Related: Amazon Will Let Entrepreneurs Start Their Own Delivery Business and Earn Up to $300,000 a Year Customers can choose to have their parcel sent to a Counter location if it’s available in their area. Once their package arrives, they’ll get an email with a barcode that they’ll need to show the […]

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Amazon Is Hosting a Two-Day Music Festival in Las Vegas

October 17, 2019 2 min read This story originally appeared on Engadget Amazon has been aggressively pushing into the music business. It’s already promoted its Music streaming service by holding a concert for Prime Day and appealing to audiophiles by offering lossless streaming with its HD plan. So when you hear the company is hosting a music festival, you might expect that service to be the host. But no, the new Intersect festival is being put on by cloud computing subsidiary Amazon Web Services. The two-day festival will be headlined by Dave Grohl’s Foo Fighters and singer-songwriter Kacey Musgraves. Other artists include Beck, Anderson .Paak, Brandi Carlile, Chvrches and Leon Bridges. Related: Amazon Announces Prime Day Concert With Taylor Swift In addition to the music acts, Amazon promises fun and games including a massive ball pit, a video arcade and a “post-apocalyptic dodgeball stadium.” There will also be food and cocktails, plus art installations like […]

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An Author Changed the Cover of His Book on Amazon Into a Message Urging Amazon Workers to Unionize

A self-published author added a message to his book’s front cover to speak directly to Amazon workers. October 10, 2019 3 min read This story originally appeared on Business Insider Mike Monteiro believes Amazon workers should unionize. Last week, the self-published author realized he could get Amazon to print and distribute unionization materials to its own workers — all he had to do was print them on the front of his book. Monteiro’s book, Ruined by Design, is for sale on Amazon, which provides a platform for authors to easily self-publish books by printing as many copies as users order online.   Every time you buy my book from Amazon, a warehouse worker has to pull it off the shelf. From now on, this is what that worker will see. At least until Amazon shitcans the whole thing. Hurry up. https://t.co/l5jxdz1azW pic.twitter.com/DqWZT5MI9q — Mike Monteiro (@monteiro) October 4, 2019   Related: Jeff […]

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The History of Affiliate Marketing for Those Who Care

Scientists conceived of the internet long before it existed. In the 1930’s, people like Vannevar Bush and Paul Otlet theorized mechanical systems for information search not unlike Google’s index. The internet as a computerized network of data storage machines didn’t show up until the early 1960s. And even then, the first network, ARPANET, was government system funded by the U.S. Department of Defense. We wouldn’t see a workable commercial internet until the late 1980s. The Internet Is Young The internet is still a young technology. And anything we do on the internet today, we’ve not been doing for very long in the grand scheme of history. Take books, for example. We’ve been printing on paper and binding them up since the second century A.D. That’s 1800 years or so. What’s great about old technology, however, is that it’s still useful. We can use it to enhance newer technology. For example, […]

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The Amazon Prime Day Strike Could be a Turning Point for Workers’ Rights

Amazon employees are confronting issues like job security and safety. July 15, 2019 11 min read This story originally appeared on Engadget Today, Amazon will start its fifth annual Prime Day, which has been expanded to 48 hours this year. Designed to enlist (and keep) Prime members, it is the company’s biggest shopping event of the year — on the same level as Black Friday — with extensive discounts and deals across the entire site. At a time when Amazon would likely prefer that all its employees hunker down to meet increased demand, a group of warehouse workers in Shakopee, Minnesota are going on strike. It isn’t the first time the workers in Shakopee have raised their concerns. But it will be the first major work stoppage event for Amazon in the US and could be a harbinger of things to come. In 2016, the fulfillment center in Shakopee opened and Amazon […]

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Amazon to Invest $700 Million to Retrain 100,000 Workers for New Jobs

‘There is a greater need for technical skills in the workplace than ever before. Amazon is no exception,’ the company said. July 11, 2019 3 min read This story originally appeared on PCMag With automation looming, Amazon is investing $700 million to retrain 100,000 U.S.-based workers for new jobs. The goal is to shift one-third of Amazon’s workforce by 2025 into in-demand jobs at the company that focus on software engineering, data sciences, robotics, and coordinating logistics to ship products. Still, the company says its free retraining programs will help employees get “highly skilled roles within or outside of Amazon.” “The American workforce is changing. There is a greater need for technical skills in the workplace than ever before. Amazon is no exception,” the company said in the announcement. The investment comes as the e-commerce giant is increasingly relying on robots to help fulfill orders, including experimenting with delivery drones. The coming […]

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The Secret Weapon That Targets Your Customers Whether They’re on Amazon or Not

Find out how to use Amazon’s demand-side platform to target your customers wherever they are online. July 10, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. The following excerpt is from Timothy P. Seward’s book Ultimate Guide to Amazon Advertising. Buy it now from Amazon | Barnes & Noble | IndieBound | Apple Books One of the most significant opportunities to extend your advertising reach on and off Amazon is to participate in Amazon’s demand-side platform, Amazon DSP. With Amazon DSP, brands can target shoppers in real time as they browse the internet. This approach allows brands to reach customers on and off Amazon through programmatic display advertisements. Through Amazon DSP, Amazon can partner with third-party sites to place ads across the internet. Because these ads can show on Amazon and on other sites, brands can exponentially increase their reach through Amazon DSP. These ads can […]

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Amazon Workers Are Planning a Strike for One of Its Busiest Shopping Days of the Year

Amazon workers at one of its fulfillment centers in Minnesota are planning to strike for six hours during Amazon Prime Day. July 8, 2019 3 min read This story originally appeared on Business Insider A group of Amazon workers is planning to strike during one of its busiest shopping days. According to a new report from Bloomberg, employees at its fulfillment center in Shakopee, Minnesota, will be striking for six hours on July 15, the first day of Amazon’s annual Prime Day sales bonanza. This year sales will stretch over a 48-hour period. “Amazon is going to be telling one story about itself, which is they can ship a Kindle to your house in one day, isn’t that wonderful,” William Stolz, one of the Shakopee employees organizing the strike, told Bloomberg. He continued: “We want to take the opportunity to talk about what it takes to make that work happen and put […]

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Check Out the First Job Listing Jeff Bezos Ever Posted for Amazon 25 Years Ago

The position was for a computer programmer who could finish their work, ‘in about one-third the time that most competent people think possible.’ July 5, 2019 3 min read This story originally appeared on Business Insider In August 1994, a little-known entrepreneur posted a job listing to Usenet, a pre-web message board. He was looking for “extremely talented” software developers to “help pioneer commerce on the internet.” The entrepreneur in question was Jeff Bezos, who was taking his first steps towards building Amazon. Bezos is now the wealthiest man not only in the world, but in all of modern history, and Amazon has grown into such a dominant force the FTC has started questioning its rivals about whether they feel crushed by the company. BNN Bloomberg’s Jon Erlichman dug up the vintage job ad last year. It’s reproduced below in its entirety: Here’s the text: Well-capitalized start-up seeks extremely talented C/C++/Unix developers to help pioneer […]

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How Amazon Prime Day Can Bring in Prime Sales for Your Business

Get your products ready for one of the biggest online shopping days of the year with these four tips. July 3, 2019 4 min read Opinions expressed by Entrepreneur contributors are their own. The following excerpt is from Timothy P. Seward’s book Ultimate Guide to Amazon Advertising. Buy it now from Amazon | Barnes & Noble | IndieBound | Apple Books Nothing indicates that a company is fully ingrained in ecommerce consumer culture and behavior quite like inventing a sales holiday in the dog days of summer that ends up raking in more than $4.1 billion in global sales in 2018 ($2.6 billion of that U.S.-driven) on a single day. Amazon has done just that with Prime Day. Created in 2015 to cel­ebrate their 20th anniversary as a company, Prime Day offers Amazon Prime subscribers very large discounts on a wide variety of Prime-eligible products. With the exception of 2015, […]

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5 Amazon Ad Settings You Shouldn’t Ignore

You can’t just set up your ad campaign and expect them to bring in customers day after day. Here are the five settings you should review and tweak as necessary to improve your sales. June 26, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. The following excerpt is from Timothy P. Seward’s book Ultimate Guide to Amazon Advertising. Buy it now from Amazon | Barnes & Noble | IndieBound | Apple Books Auditing your advertising campaigns (in other words, conducting a critical examination of your campaign structures and settings) can help determine if they’re aligned with your business strategies and your goals for advertising on Amazon. It may seem daunting at first, but having a proper campaign structure in place will prove invaluable to your success in advertising on Amazon. Here are the most common issues to look for when performing a self-audit on your account. […]

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