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

only better niche i can think of than books is movies. the great part about books and movies is that the catalog is giant. so giant that a bookstore can’t hold all books and a blockbuster can’t hold all movies. I would do basically the same thing that amazon did at the start but with movies because I think I can get a better margin on them.

Once movies takes off I think the best option is to make my own version of prime early. subscriptions were still new and getting people on early is the way. offer free shipping and maybe include a free movie once a month.

use movies to expand into streaming and other goods at the same time.