Why Amazons Jeff Bezos Is Backing PRO.com

The video explores the untapped potential of local services in e-commerce, likening it to a frontier with significant business opportunities. It highlights the role of technology, such as smartphones, in enabling this market. The discussion includes emerging players like pro.com and Thumbtack, and investments from major companies like Google and Amazon. The video compares pro.com's approach to Zillow's in real estate, focusing on data-driven service pricing. It also touches on operational strategies, such as capital efficiency and data gathering, while acknowledging challenges like data accuracy and the need for geographic expansion.

What is the estimated annual value of the professional services market in e-commerce?

• A hundred billion dollars

• A million dollars

• A trillion dollars

• A billion dollars

Which companies are mentioned as innovators in the professional services space?

• Amazon and eBay

• pro.com and Thumbtack

• Airbnb and Booking.com

• Uber and Lyft

What approach is pro.com taking that is similar to Zillow?

• Offering real estate services

• Providing data in an opaque market

• Selling home improvement products

• Connecting users with travel agents

What is a key challenge faced by pro.com in providing service estimates?

• Lack of professional connections

• Limited geographic reach

• High operational costs

• Inaccurate data collection

What is a notable feature of pro.com's operational strategy?

• Capital-efficient operations

• Expensive office locations

• Rapid international expansion

• High marketing expenditure