Amazon Stock: Groceries and … More?
Locking customers into Amazon Prime — the $99-per-year membership program that gives subscribers free shipping, streaming video and now streaming music, among other goodies — is another strategic initiative intended to ensure that revenue never stops growing.
To that end, the chatter is that Amazon will launch a marketplace for local services to complement its Amazon Fresh home-delivered grocery service. As with Amazon Fresh, which was tested in Seattle for five years before expanding to L.A. and San Francisco, the local services initiative will start small. But if the market has enough foresight, it will see that the one-two combination products could be a huge driver of revenue one day.
The local services business is rumored to encompass everything from babysitters to plumbers to tree trimming — any kind of service a city dweller or suburbanite might need. That level of convenient, one-stop shopping, accessible from an Amazon 3D smartphone would bring Amazon that much closer to world domination. That’s all good for Amazon stock.