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Allow me to blow on Amazons horn for a while
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<blockquote data-quote="Ancient Alien" data-source="post: 3723495" data-attributes="member: 70963"><p>Just think of how technology has skyrocketed(literally) in the last 100-years.</p><p></p><p>UPS seems to think they can't be majorly reduced by competition. They've been rolling & growing for 111-years with a 10-year vision that's basically always worked. </p><p></p><p>I got a story for you. I will get the story somewhat wrong and the #'s wrong, without researching the story here goes. So going off memory.</p><p></p><p>It's the late 90's this Founder/CEO has this computer technology company and he sells it for $300-million. He's set for the rest of his life and he's enjoying his retirement. One day digging around his house he finds a VHS tape he rented from Block Buster... the movie Apollo 13. He had it something like 40 or 60-days after the due date. So he goes to Block Buster to return it. Block Buster back then was the video rental king and crushing mom & pop video rentals all across the nation. BBI stock was considered a darling of the industry. "Best of Breed"</p><p></p><p>Anyways, this former CEO returns the movie and he apologizes & all and tells them he owes late fees. Block Buster's policy back then was a late fee for every single day late. So he owed something like $60 or $80 for this video. Obviously he was upset and said he could buy it cheaper at a local store. In addition after paying the late fee. He didn't even get to keep the VHS. This p**sed him off of course and on the drive home... he starts thinking. He knows from his former company that soon VHS will be a dead horse and DVD's will replace them. He thought why couldn't someone just keep a rental as long as they wanted with no late charges. He thought perhaps one person would rent and keep and never be back but what if you made that customer a monthly or annual subscriber? They could hold onto it as long as possible. He could mail the DVD's and pay the postage back for his subscriber to return it. Block Buster was laughing their a sses off at his money losing idea.</p><p></p><p>As the years went by and the losses mounted, with the help of investors by being in the industry. His idea trudged on. After a few years of the exploding growth. Block Buster jumped in to shipping DVD's on a subscriber basis but they were too late and wasn't as focused and technically smart. In about 10-years this ONE GUY with one angry vision took the 600lb gorilla out! Block Buster filed bankruptcy and now they're just a skeleton of stores like Radio Shack and a shell of what they once were. Even kids today don't even know what a Block Buster store was.</p><p></p><p>Amazon is coming after UPS and everybody laughs at their little cute Sprinter vans and growing pains. Yet, if you dig down under all that laughter...you'll see the once gorillas in the room. Sears, K-Mart, Wal*Mart can't touch them online and Amazon achieved that dominance in only a few years.</p><p></p><p>So this was done by 1-guy. Think about that & the future of UPS.</p><p></p><p>Obtw, The CEO I'm talking about... R eed H astings.</p></blockquote><p></p>
[QUOTE="Ancient Alien, post: 3723495, member: 70963"] Just think of how technology has skyrocketed(literally) in the last 100-years. UPS seems to think they can't be majorly reduced by competition. They've been rolling & growing for 111-years with a 10-year vision that's basically always worked. I got a story for you. I will get the story somewhat wrong and the #'s wrong, without researching the story here goes. So going off memory. It's the late 90's this Founder/CEO has this computer technology company and he sells it for $300-million. He's set for the rest of his life and he's enjoying his retirement. One day digging around his house he finds a VHS tape he rented from Block Buster... the movie Apollo 13. He had it something like 40 or 60-days after the due date. So he goes to Block Buster to return it. Block Buster back then was the video rental king and crushing mom & pop video rentals all across the nation. BBI stock was considered a darling of the industry. "Best of Breed" Anyways, this former CEO returns the movie and he apologizes & all and tells them he owes late fees. Block Buster's policy back then was a late fee for every single day late. So he owed something like $60 or $80 for this video. Obviously he was upset and said he could buy it cheaper at a local store. In addition after paying the late fee. He didn't even get to keep the VHS. This p**sed him off of course and on the drive home... he starts thinking. He knows from his former company that soon VHS will be a dead horse and DVD's will replace them. He thought why couldn't someone just keep a rental as long as they wanted with no late charges. He thought perhaps one person would rent and keep and never be back but what if you made that customer a monthly or annual subscriber? They could hold onto it as long as possible. He could mail the DVD's and pay the postage back for his subscriber to return it. Block Buster was laughing their a sses off at his money losing idea. As the years went by and the losses mounted, with the help of investors by being in the industry. His idea trudged on. After a few years of the exploding growth. Block Buster jumped in to shipping DVD's on a subscriber basis but they were too late and wasn't as focused and technically smart. In about 10-years this ONE GUY with one angry vision took the 600lb gorilla out! Block Buster filed bankruptcy and now they're just a skeleton of stores like Radio Shack and a shell of what they once were. Even kids today don't even know what a Block Buster store was. Amazon is coming after UPS and everybody laughs at their little cute Sprinter vans and growing pains. Yet, if you dig down under all that laughter...you'll see the once gorillas in the room. Sears, K-Mart, Wal*Mart can't touch them online and Amazon achieved that dominance in only a few years. So this was done by 1-guy. Think about that & the future of UPS. Obtw, The CEO I'm talking about... R eed H astings. [/QUOTE]
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