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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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[–] 01Geezer@alien.top 1 points 1 year ago (1 children)

What’s always amazed me is how Amazon did what Sears did… a century apart… while Sears stood by and watched its own downfall. Amazon eventually destroying Sears and pretty much all big box stores.

I’d use my $50K to convince Sears to partner with me in an Amazon-style distribution system. The railroad was the key to Sears first distribution revolution, the internet for the second.

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

I agree. My father managed a montomery ward catalog store. Which is amazon in the 70s. I think this is simpky cyclical. Next phase will be heavily in person commerce and everyone will wonder how they bought anything online. And then this questions will be: how would you capitalize on the farmstand movement of 2020? Or rather the farmstand-mart-azon movement.