Alibaba is a Chinese e-commerce website that handles more traffic than Amazon and Ebay together.
In the video below Jack Ma speaks about his success and proposes some tips.
- Make it a daily habit – in order to practise English every day, Jack was going in front of Shangri-La Hotel every morning to pick some tourists and give them free tours of his home town HangZhou. In exchange he got real time English language experience. He has done that for 9 years, no matter what the weather was.
- Never give up – Jack failed university entrance exams 3 times. He applied to 30 jobs and was rejected from all of them. He applied for a job at KFC along with 23 other people. He was the only one rejected. He was rejected from Harvard a total of 10 times. Being rejected so many times didn’t force Jack to give up. He was persistent and finally he succeeded.
- Be proactive and make it happen – the first word Jack searched on the internet in the early 90s was “beer” and he got many results. The second word he searched was “China” and there were no results. He then got the idea to begin his first internet business.
- Have no fear – when he started his first internet business, he had never touched a keyboard and he knew nothing about emails and computers. He along with his wife borrowed $2000 to start this business called “China Pages”.
- Trust yourself and follow your dreams – when Jack had the idea of starting Alibaba, he gathered 17 friends to speak with them about it. 16 of these friends told him it was a stupid idea. Then he thought about it the whole night and on the next day he started it.
- Make no enemies – Jack perceives his competitors not as enemies but as people he can learn from. He says that to an entrepreneur or a businessman who understands this, the only limit is the sky.
- Be responsible – to start an ecommerce website with a payment system in China, Jack had to obtain a license from the Chinese government. It was a difficult task and starting the business without the license would make it illegal. Jack asked his staff to do what’s needed and was even ready to go to prison if something was wrong.