Jeff Bezos is a pioneer in the world of e-commerce. His company, Amazon, is valued at more than $1.11 trillion and has more than 1 million employees. Due to its excellent results, we bring you 65 Jeff Bezos phrases to inspire and learn.
Jeff Bezos story.
Bezos studied electrical and computer engineering at Princeton University. Despite having the idea of starting his own business, he went through different jobs; in order to prepare more and better understand the business world.
It was not until 1994, when the internet was growing, that he decided to embark on his path and founded cadabra.com. Bezos had no knowledge of book catalogues, but he saw an opportunity to create a platform where he could more easily sell them. Over time, cadabra became Amazon and since then its growth has been extraordinary.
Bezos took a risk, he knew how to choose a better name for his company, he understood that he had to focus on the client rather than the competition; and he focused on how to offer premium products at low prices.
Currently (July 2018), he is the richest man in the world and these are 65 Jeff Bezos phrases to inspire and learn.
65 Jeff Bezos phrases to inspire and learn.
- If you double the number of experiments per year, you will double your ingenuity.
- You can have the best technology, you can have the best business model, but if you don’t know how to tell your story; none of that will matter. Nobody will see you.
- If you decide that you will only do the things that you know will work; you are going to leave many opportunities on the table.
- If you are focused on your competitors, you will have to wait for your competitor to do something new. Being focused on the consumer allows you to be more innovative.
- Make the necessary decisions so you don’t regret it later.
- The great thing about fact-based decisions is that they go beyond the hierarchy.
- There are 2 kinds of companies, those that try to charge more and those that try to charge less. Amazon is one of the second.
Jeff Bezos quotes #8.
- If you never want to be criticized, please don’t try anything new.
- Life is too short to be around people who aren’t witty.
- If you are not stubborn, you will give up very soon; if you are not flexible, you will hit the wall without being able to find the solution to the problem you are trying to solve.
- One of the things that I hope sets Amazon.com apart is that we continue to be a company that defies easy analogy. This requires a lot of innovation, and innovation requires a lot of haphazard walking.
- I think frugality drives innovation, just like other constraints. One of the only ways to get out of a locked box is to invent the way out.
- What we want to be is something completely new. There is no physical analogy to define what Amazon.com is becoming.
- Market leadership can translate directly into higher revenues, higher profitability, higher velocity of capital, and consequently higher returns on invested capital.
Jeff Bezos quotes #14.
- The best customer service is when the customer doesn’t need to call you or talk to you. It just works.
- Everything you are comes from your decisions.
- If you create a great experience, customers will tell more people about it. Voice to voice is very powerful.
- Determine what your customers need and work from the bottom to the back.
- Above all else, get in line with customers. Win when they win. Win only when they win.
- We’ve had three great ideas at Amazon that we’ve stuck with for 18 years; and they are the reason we are successful: The customer comes first. To invent. And be patient.
- The Internet in general and Amazon.com in particular; they are still in Chapter One.
- We want to make money when people use our devices, not when people buy them.
- I told all of our original investors that they would surely lose their money.
Jeff Bezos quotes #24.
- Your brand is what people say about you when you’re not in the room.
- A brand for a company is like a reputation for a person. You earn reputation by trying to do hard things right.
- We see our clients as guests at a party and where we are the hosts. It’s our job every day, to make every important aspect of the customer experience just that little bit better.
- The common question asked in business is why? That is a good question. But an equally valid question is, why not?
- If you make customers unhappy in the physical world, each of them can tell 6 friends. If you make customers unhappy on the internet, each one can count to 6000.
Jeff Bezos quotes #29.
- We cannot be in survival mode. We have to be in growth mode.
- The three most important things in trading are location, location, and location. The three most important things to our consumer business are technology, technology and technology.
- What we have to do is always go towards the future; when the world changes around you and when it changes against you, you have to lean into that and figure out what to do. Because complaining is not a strategy.
- If we can keep our competitors focused on us; while we are focused on the client; in the end we will be alright.
- We look at our competitors, we learn from them, we see the things they were doing for customers, and we copy them as much as we can.
- Obsess over your consumers, not your competitors.
- I haven’t seen a manager or leader, who can’t spend time in the trenches…If they don’t, they become disconnected from reality and their whole thinking and management process becomes abstract and disconnected.
- What characteristics do I look for when hiring someone? That’s one of the questions I ask when interviewing. I want to know what kind of people they would hire.
Jeff Bezos quotes #37.
- My grandfather taught me that it’s harder to be nice than it is to be smart.
- We also do not have incentive compensation of any kind. And we don’t do it because it’s detrimental to teamwork.
- It’s hard to find things that can’t be sold online.
- Your margin is my opportunity.
- Every new thing creates two new questions and two new opportunities.
- I knew if I failed I wouldn’t regret it, but I knew the only thing I could regret was not trying.
- If you can’t feed your team 2 pizzas; it is very big.
- I think technology advanced faster than expected. In that whirlwind, many companies did not survive. The reason why we have done well, is because even in that whirlwind; we kept our eyes focused on the customers. All the metrics we can track about them have improved every year.
- It’s not an experiment if you know it’s going to work.
- We are stubborn in vision. We are flexible on details.
- Our point of view is that we will sell more if we help people make purchasing decisions.
Jeff Bezos quotes #48.
- Large industries are not created by a company. There is still room for many winners.
- I think that it is never a bad time to innovate.
- One of the big mistakes that people make is that they force themselves towards certain interests. You do not choose your passions. Your passions choose you.
- I think you have to be willing to be misunderstood if you want to innovate.
- The truly dangerous thing is not to evolve.
- At all times, have a firm grasp of the obvious.
- A company shouldn’t get addicted to being “brilliant”; because shiny doesn’t last.
- What motivates me is a very common form of motivation. And it is knowing that other people count on me. It is very easy to be motivated.
- Invention requires a long-term willingness to be misunderstood. You do something that you really believe in, about which you have conviction; but over a long period of time, well-meaning people may criticize that effort.
Jeff Bezos quotes #57.
- I’m a big fan of “all you can eat” plans; because they are simpler for customers.
- There will always be serendipity around discovery.
- I believe that all companies need a long-term vision.
- Work hard, have fun and make history.
- Stress comes from ignoring things that you shouldn’t be ignoring.
- If you don’t understand the details of your business, you’re going to fail.
- The key to a book is to lose yourself in the world of the author.
- What offends me the most is when I walk by a bank and see ads that try to convince people to take second mortgages on their home; so they can go on vacation. That is wrong.
- What really is consumerism, at its worst; people buying things that don’t really improve their lives.
If you want to know more success phrases from other millionaires, click here!
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