There are a fee things we can learn from Amazon about business but in this video we are going to talk about their acquisitions and what we can learn from them.
The biggest acquisition to date is actually when they purchased Whole Foods for $13 Billion. This put them in the space of having a competitive edge in the food delivery space.
The company has also spent more than a billion dollars on shoe ecommerce giant Zappos ($1.2 billion in 2009) and autonomous vehicle company Zoox, which is developing a self-driving ride share service ($1.2 billion in 2020).
Other pricey acquisitions include smart doorbell maker Ring ($839 million in 2018), online pharmacist PillPack ($753 million in 2018), video game streaming platform Twitch ($970 million in 2014), robotics company Kiva Systems ($775 million in 2012) and Quidsi, the parent company of Diapers.com and other ecommerce sites ($545 million in 2010)
Amazon has invested in its cloud computing arm Amazon Web Services—which now makes up the majority of the company’s operating income—by purchasing more than a dozen companies in that sector, including $500 million for mobile video service Elemental Technologies in 2018 and $20 million for cyber security startup harvest.ai in 2017.
In addition to its expected MGM purchase, Amazon has also invested in the film industry by acquiring IMDB (purchased in 1998 as part of a $55 million acquisition with two other companies), DVD rental service Lovefilm (for £200 million or approximately $317 million in 2011) and film grosses website Box Office Mojo (in 2008 for an undisclosed amount).
Amazon has strengthened its foothold in the book industry where it got its start by acquiring companies like audiobook seller Audible ($300 million in 2008), social network Goodreads (in 2013 for an undisclosed amount), book publisher Avalon Books (in 2012 for an undisclosed amount) and used bookseller AbeBooks (in 2008 for an undisclosed amount).
As per Forbes.com
What can we learn from these Amazon Acquisitions?
- You Have To Invest Your Money
- Multiple Streams Of Income Is The Only Way To Financial Freedom
- It’s Better To Buy Your Competition Then Build A Business To Compete
This stuff might seem obvious but in reality most business owners don’t think about it and in fact most people that start a business don’t realize that they can stretch their empire if they just reinvested their income in other business’s that they don’t run themselves.
For example if you own a Pizza Parlor and you know for a fact that your pizza box supplier is supplying 10 – 20 other pizza spots in your area then you should look to invest in that pizza box maker or even buy the company that’s so you’re getting passive income from them.
See how acquisitions and business to business investments are just for big companies.
If you want to learn how to really build your passive income online then
Check out my free ebook The Wealthbuilderz Guide To Passive Income
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Amazon’s Biggest Acquisitions And What We Can Learn From Them.