The names of Bill Gates, Jeff Bezos, and Mark Zuckerberg may be familiar to the ears. The three of them are the richest people in the world. Well, what about Jack Ma's name? Not a few who are still unfamiliar with the name Jack Ma. In fact, Jack Ma can be categorized into the ranks of the richest people in the world.
Jack Ma is a founder of an online marketplace called Alibaba. In 2014, her online marketplace successfully crowned as the most successful online marketplace with IPO profit reached $ 223,000 Billion.
At first, Alibaba, Jack Ma's online marketplace name, was just a small marketplace that was founded in 1999. However, Jack Ma's persistence and hard work brings sweetness until he has been crowned the richest man in China until now.
Surely you're wondering how Jack Ma built his business empire, right?
This is the key to business success Jack Ma style.
1. Global Business Expansion
A Jack Ma has a business principle not only in one country but in all countries. It is this principle that drives him to bring Alibaba into the global marketplace. He believes that global business can survive in the long run. Therefore, he makes good use of the internet to grow his business.
2. Always Want Forward
Business is not just about products and customers, but about competitors. The number of competitors makes Jack Ma always think ahead, thinking about how to make his business worldwide. Thanks to his advanced mindset, Jack Ma and his team are able to bring Alibaba globally.
3. Focus on Customers
The fight in the online business marketplace is very tight. Competitors are everywhere. You can say who is strong, is the winner. However, Jack Ma was never afraid of his competitors. Why? Because competitors can only survive thanks to its customers. When a competitor runs out of customers, the business can go out of business.
This is what makes Jack Ma always puts the customer first. For him, Alibaba can be successful if he managed to maintain the trust of his customers. With the best service, any customer will feel at home in one marketplace.
4. Smart Capturing Opportunities
The lack of infrastructure in China in the 1990s is the reason why Chinese entrepreneurs are difficult to develop. This obstacle is what Jack Ma as an opportunity. Thanks to his creative ideas, he succeeded in establishing Alibaba, an e-commerce company that can help entrepreneurs to run their business.
Entrepreneurs can join Alibaba and sell their products in one marketplace without the need to trade on their own.
5. Innovative and Creative
It can not be denied, any entrepreneur is required to always innovate and be creative in order to keep his business on top. This is what Jack Ma succeeds. He always racked his brain to get innovative and creative ideas for the development of Alibaba. When the idea came up, Jack Ma immediately implements the ideas.
Well, when these ideas fail to be implemented, Jack Ma looks for more brilliant ways and ideas for the betterment of his business.
6. Ignoring the Haters
In the course of his business, Jack Ma never took the initiative to create Alipay, a special payment mechanism for Alibaba customers. But, Alipay got a lot of scorn from other e-commerce entrepreneurs. They think Jack Ma is crazy because of the business he runs.
However, Jack Ma does not care. He ignores the comments of the haters and tries his best to realize Alipay. Until finally Alipay managed to become one of the largest online payment method in China.
7. Stay Focused
Many of the comments, comments, criticisms and suggestions given by other entrepreneurs for Alibaba remain the largest e-commerce in China. However, all the responses he got were reviewed well again.
When he disagreed with the response, Jack Ma did not hesitate to say "no". However, he remains focused to run the business in accordance with the plans he set up in the beginning.
All Need Business and Hard Work
Achieving success is not as easy as turning your palms. Although Alibaba is already the largest e-commerce business in the world, Jack Ma continues to work hard to maintain the glory of his e-commerce. Jack Ma business and hard work is what we need to imitate so that our business can be successful like Alibaba.
