Matt BrittonFounder & CEO powering AI-driven consumer insights

Why Amazon Will Become the First $2 Trillion Dollar Company By Matt Britton (Keynote Speaker)

Name: Why Amazon Will Become the First $2 Trillion Dollar Company By Matt Britton (Keynote Speaker)
Uploaded: 2018-10-31T02:00:44Z
Channel: Matt Britton
Description: Matt Britton predicts Amazon will hit $2 trillion by tripling Prime member spending from $1,600 to $6,000–$7,000 within 2–3 years through predictive…

31 Oct 2018

Watch on YouTube

Matt Britton predicts Amazon will hit $2 trillion by tripling Prime member spending from $1,600 to $6,000–$7,000 within 2–3 years through predictive reordering of staples, acquiring a delivery competitor, and using Ring to enable in-home deliveries.

Questions this video answers

About $1,600.

He predicts $6,000–$7,000 per Prime member within the next 2–3 years.

Ring.

How many people in this room are Amazon prime members? It's 100%, right? 100% or maybe 90. And the 10% isn't. You should do it. But Amazon right now, the average spending they're getting from a Prime member is actually around $1,600. And I think they're going to be pushing it to 6, $7,000 in the next two to three years, which is why easily they're going to be a 2 trillion dollar company. And the reason why is they going to get into predictive shopping. They're going to have artificial intelligence that knows that's a mom. She ordered Huggies on the first of the month. For two straight months, we're just going to send her Huggies. Whether she orders it or not, it's actually going to happen. It's going to be at your door and if you don't want it, you just. They'll pick it up for you. They're looking right now into buying a FedEx or UPS competitor so they can actually build that into their system. They just bought a company called Ring that makes connected doorbells so they can actually get permission, actually go into people's homes. They're just going to make your life easier for you. And because of it, they're going to capture more and more and more of consumer spending.