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So this is actually something I spoke about on LinkedIn and it is the way how businesses use cloud technology to upsell to their current customer base. Now I read a report that Amazon's overall online sales were down, however its cloud sales were up and it had me thinking why aren't more businesses getting into cloud technology because the perceived value for customers is heightened for the cost for the company is lower. And you can look to do this by having downloadable libraries. So using YouTube, for instance, they give you access to videos ads free, also videos that you can download, so say you're flying or you're traveling in dead zones, you can download them. And it just had me thinking, what more could be done with businesses nowadays for them to extend their revenue? and essentially increase profits by upselling current products. Show your force.
So in the port of your red exactly what type of cloud technology? Because I know that Amazon has had a surge in their AWS revenue. So essentially when they say cloud technology it's literally the cloud. It's cloud storage and actually infrastructure. So do you mean basically offering that on the side of products in tech companies or are you talking about sort of using cloud technologies to store things and sell products that don't cost you anything essentially? Let me know. I mean, I love this subject.
Yes the first point you said so just these companies like Amazon Apple pushing more focus towards selling continuity and it was really interesting because as we both wear the cost actually feel on pound spaces next to nothing there for you but that's what I was a reading about Amazon
Absolutely and I think the problem with getting into that space is that exactly these companies have such a massive market share and you know their downtime is next to nothing. You know 99.99% type thing and so even now in the company that I'm working on. We've got cloud companies coming in and offering us up to 100k in services because it cost them nothing but you know they want to give everything just to get business to grow.
So yeah, they're offering this kind of incentives to grow with companies because they're realizing anyone who is relatively settled as a company will already have a provider which is bound to be one of the big ones very often. But new ones, if they can get a new startup by offering that kind of credit, literally they need to have a two-year plan until they're going to start generating revenue from someone to you in order to take market share. So it's quite a crazy industry.
Yeah totally agreed I think I had a Google are you gonna be leveraging the cloud services of oxymoron that because they need me the same amount of revenue as Amazon with the cloud cloud systems but like a 20th of the profit so I'm not sure why I'm getting is a very difficult space to occupy and it's kind of dominated by some big players at the minute but I will say more more be leveraged by the other top companies
That's really interesting on the profitability of it I will for the possibility of been as high as competitors one in the same region if it's just a case of putting the song cost very within the business and I haven't been able to eliminate them yet but I've got a plan in place