Jack Ma’s Tips for Success in Business
World Economy

Jack Ma’s Tips for Success in Business

Want to be a successful entrepreneur in these hard times? Jack Ma, e-commerce giant Alibaba’s billionaire founder, has some useful tips for you. He jotted them after being inspired by some people he met during his travels.
Never think of becoming rich overnight. Running a business successfully is not easy as some may brag. It involves lot of risks, pain, time and energy. One needs devotion and passion in running it, ATimes  reported.
Opening a Taobao store is no different. In fact, not many store owners have survived the entire 13 years of Taobao’s existence, he says.
It was difficult to open a store in the early days. Online shoppers were rare, delivery was inefficient and payment was challenging. No wonder, the idea of doing business online was considered absurd.
Many who just wanted to make a fast buck soon closed their stores. But others who enjoyed running them and talking with customers succeeded. Many of them, who started from one employee, are now managing hundreds of employees, says Jack Ma. So what makes a business tick?
First, be devoted and passionate about what you are doing. Have a heart for your own products and services. Make them unique. If you receive good response from customers, express your gratitude. Focus on those who are interested in your products and services.
Second, be clear on what you want to do and how to do it. Try to be different. Enjoy the work. Create and explore values the customers may wish to share. Finding a customer who likes your products is as valuable as finding a soul mate.
Third, find ways to improve your products and services. Listen to your customers and employees. They may have a great idea to tell. Also learn from your mistakes.
Selling goods is happiness. It is about creating a lifestyle shared among customers via the shopping experience. Use creativity to upgrade your services.
China’s king of e-commerce concludes his notes by raising business to a moral plane. He says what one needs to learn is not how to do business, but how to find a new way of life. You are not managing a business, you are becoming your better self.

Short URL : http://goo.gl/6TYZbS

You can also read ...

If both sides continue with tit-for-tat tariffs, the inflation would lead to further increases in interest rates  and give rise to disturbances in the currency markets.
The trade war between the US and China risks substantially...
Norway to Surpass Sweden
Sweden’s economic prospects have dimmed in recent months and...
Hong Kong’s GDP fell to 3.5% in the second quarter.
The outlook for Hong Kong’s economy is darkening as rising...
Crypto Market Struggles as Bitcoin Dips Below $6,000
Bitcoin touched below $6,000 and dozens of smaller digital...
China Growth Momentum Slows
China’s economy hit a mid-year rough patch as efforts to curb...
Many emerging market economies are better prepared now because they have a good international reserve position and they allow their exchange rates  to float more freely.
Italian economist Claudio Borio is considered an authority in...
German Economy Beats Forecasts
Unfazed by a mounting number of uncertainties, Europe’s...
Lebanon Economy Struggling
Lebanon’s economy has been in a precarious position in recent...