Howdy friends, Today i’m going to share Success Story of Jack Ma. Who turned his failures into a massive success. Think before quitting why you started. Your failure can turn into success if you believe in yourself like Jack Ma did.
Success Story of Jack Ma
Jack Ma was born on October 15, 1964 in Hangzhou, China. He was born in a poor family when china’s cultural revolution was at its peak. As a teenager he used to guide tourist for free just to improve his english. The nickname “Jack” was given to him By a tourist he befriended.
He knew that the only way he could get rid of poverty was through education. So he started applying for different colleges but got rejected from each of them. He applied for Harvard 10 times, got rejected and told to himself that ‘Someday i should go teach there’
Even after applying for 30 different jobs, all he ever faced was plain rejection in 3 simple words: You’re no good.
When he applied for a job at KFC, he was the only one who got turned down out of 24 people. At last he taught in the university where he was paid $10 a month.
In 1995, when internet was blooming, he got shocked when no result appeared from china when he searched beer and that’s when he came up with an idea of an online marketplace ALIBABA. So he tried to borrow $3000 from bank. It took him three months but he failed to get loan from bank. He talked over thirty or forty venture capitalists but everybody said no. Lot of people said Alibaba was a terrible model.
He was able to gather fifty thousand US dollars from eighteen funders but even after starting Alibaba, he couldn’t make it profitable. For the first three years he did not got $1 revenue from his business and it was about to get bankrupt. So he asked 17 of his friends to invest in his vision because he still believed in his idea because he received lots of email of thanks from the customer which kept him going ahead.
Soon Alibaba become the largest e-commerce store in the world. Alibaba has over 550 million monthly active mobile user across its platform. In 2017, Alibaba became the first Asian company to break the US$400 billion value mark.
Today Jack Ma is the richest man in China.
Today Jack Ma has an estimated net worth of $37.9 billion.
Jack Ma Top 10 Rules For Success :
1. Get used to rejection
2. Keep your dream alive
3. Focus on culture
4. Ignore the Little Man
5. Get inspired
6. Stay focused
7. Have a good name
8. Customers are #1
9. Don’t complain, look for opportunities
10. Have passion
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Today is hard, Tomorrow will be worse, but the day after tomorrow will be sunshine – Jack Ma