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You're transported back in time to 1994. How do you outcompete Amazon? (alien.top)

submitted 1 year ago by IndolentInsolent@alien.top to c/entrepreneur@indiehackers.space

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You're transported back to 1994 with all your current knowledge and $50,000. Your goal is to create the world's biggest online shopping company.

How do you go about it?

As a further thought experiment, if you travelled back to 1960 with all your current knowledge and the goal of becoming the richest person on earth, what businesses would you start?

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[–] beasttyme@alien.top 1 points 1 year ago

I would allow like a legal bidding kind of like what but more set up and scheduled like a real auction.

Also, one reason Amazon beats its competition is prime and delivery methods.

I would set up my own trucking system that includes drone deliveries and local stations to get items delivered in like 30 minutes.

I would make categories in shopping like little boxes you can shop through for specific items.

Customer service training would be a requirement for my workers.

I would allow for mark down on items for in person shopping days through out the month. These times would vary and it would be like a black Friday situation.

I would add a flipping event. Like how people buy shoes and flip them.

I would add a sports betting branch