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Award winning actor Djimon Honsou says he has trouble making a dollar in Hollywood. This means we need to talk about the origins of Hollywood, who it was built for and the importance of black ownership.
Here are some impressive facts about Amazon and how they make so much money:
Net Revenue: In 2020, Amazon reported a net revenue of $386 billion, an impressive increase of 38% compared to 2019. The company's diverse revenue streams, including e-commerce, Amazon Web Services, and advertising, have contributed to this exceptional growth.
Amazon Web Services (AWS): In 2020, AWS generated $45.4 billion in net sales, accounting for 12% of Amazon's total revenue. AWS is the world's leading cloud computing provider, powering millions of businesses worldwide with its scalable and reliable infrastructure services.
Third-Party Seller Services: Third-party sellers accounted for 54% of paid units sold on Amazon in 2020. The company made $80 billion from these services in 2020, earning money through commissions, subscription fees, and fulfillment services like FBA (Fulfillment by Amazon).
Prime Membership: As of 2021, Amazon Prime had over 200 million subscribers globally. With an annual fee of $119 (or $12.99/month), Prime membership generates significant recurring revenue while encouraging customer loyalty and increasing overall spending on the platform.
Advertising Business: Amazon's advertising business brought in more than $21 billion in 2020. As the third-largest digital advertiser in the United States, Amazon capitalizes on its vast customer data and targeted advertising capabilities to generate revenue from sponsored products, display ads, and video ads.
Physical Stores: As of 2021, Amazon operated over 600 physical retail locations, including Amazon Go, Amazon Books, Whole Foods Market, and Amazon 4-star. These stores not only drive sales but also offer valuable customer insights and serve as testing grounds for new retail technologies.
Expansion and Diversification: Amazon's constant expansion into new markets and industries, such as healthcare (Amazon Pharmacy), entertainment (Amazon Studios), and logistics (Amazon Air), has allowed the company to increase its revenue sources and maintain a competitive edge. By staying at the forefront of innovation, Amazon continues to dominate the market and grow its financial prowess.
Hello, I hope you're doing well.
As you're likely well aware, there are serious issues in the banking system. While we have seen certain banks nearly go under, the truth is that the issues are likely deeper than the media has realized.
I spoke on the matter today on my podcast, which you can listen to here. If the link doesn't work, just make sure you sign up at DrBoyceTV.com. If you want to listen to my podcast via audio, you can find it on Spotify by searching for The Dr Boyce Breakdown.
Secondly, if you'd like to look at our financial workbooks for children, you can take a look by visiting FinancialWorkBooks.com. These specialized tools, designed specifically for black children, will put your child ahead of the curve and help them to avoid the economic despair that many of us experienced when we were young.
Please take care and have a wonderful day.
Sincerely,
Dr Boyce Watkins
PS.
I'll be in Houston April 21st and 22nd for a two day Black Wealth Bootcamp with specific training on How to get off the corporate plantation. If you'd like to join us, please visit BoyceWatkins.com
The NAACP in San Francisco just said something I can't believe.
The death of Rasheem Carter is getting national media attention for good reason. I give the Dr Boyce breakdown of what happened and what we can learn from this tragedy.
Most black men wouldn't want a wife who dressed the way Ciara did at the Oscars
Today I speak with Dr Alicia Watkins about Nick Cannon's most recent interesting statements about all the kids he's having.
Today I speak about 7 ways to generate income without working.
Mexican cartel apologizes for Americans who lost their lives
Nick Cannon and Kevin Hart played a dirty trick on us today. But it's not too far from reality.
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