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How To Build A Billion Dollar Company

Discussion in 'BlackHat Lounge' started by dantheman1370, Feb 9, 2011.

  1. dantheman1370

    dantheman1370 Registered Member

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    I've noticed that many people who do seo try to target small niches, but it takes as much time as something else. Why not go for something bigger. Here's an article for you who are serious about making money. I found a good article.
    http://www.retireat21.com/young-entrepreneurs/how-to-create-a-billion-dollar-company

    Here's the article:

    Recently I have been looking at some of the worlds most success billionaires such as Bill Gates, Richard Branson and Steve Jobs. Although only being 21 years old, I often feel like I?m not achieving as much as I really can, I look at other people who at my age are so much further ahead ? sure in some respects I had to come further as I didn?t give a thought in the world to my education till a year after I had done my exams.




    Look at Google, we use it because it gives us the results we are looking for quicker than any other search engine, the same applies to Facebook, we use it as it?s the most user friendly and has all our friends in one place. These are prime examples of businesses that just do it better than anyone else, and that is what you have got to do. Whether you are selling online toiletries or you are starting your own social network, it doesn?t matter, what does matter is that the business you own or run is working at full capacity with everything done the absolute best it can be done. Just try your hardest.




    No one has ever become a billionaire by targeting a small market, all the top companies have mass appeal such as Microsoft who?s aim is to have a computer in every house hold. Having said this, I do believe the best way to approach going to a mass market is starting small and being known for doing one thing great, like Zappos did. They sold only shoes when they started and once they became the worlds leader at selling shoes online, they branched out and started selling clothing and then later a whole lot of other things ? that company later sold for $1,300,000,000!




    Bill Gates wouldn?t go on Twitter and bitch about how his iPhone is broken or how one of his employees is an idiot, that would be a complete waste of time. Doing some quick maths I worked out that while working for Microsoft he would of made around $630,000 a hour so if he was to spend so much time like us just complaining and giving excuses then he would be a lot poorer. Time is money, it?s a phrase thrown around a lot but it is seriously true, think of it this way, how much do you think you are worth? $5 per hour? $10 dollars? How about $100 per hour and more? Are you really doing as much work as you think you are? Or more importantly are you using your time to do those things as best you can?




    The internet has made it easy for some us to work only a small amount of time a day and still be able to make more than enough to support ourselves (take me for example) ? however if you want to be a billionaire, you need to work really hard, that means late nights, grafting all the time and no submission. You have really got to work at it around the clock whether you are part of a team or you are the team, the only way to become successful is to do things, and take action, how can you become successful if you are not prepared to work hard? Another thing is to believe in yourself because you will get many doubters and that?s okay, they are entitled to their opinion, you just need to work like crazy to become successful and to basically prove the doubters wrong.




    Profit margins are something of a daunting area to get involved in, but basically the more the margin in profit the more money these billionaires make, which is why it is essential for them to have the best marketing and advertising campaign, the best quality in products and the best branding they can achieve because this all helps the sales. Imagine if Apple had just had a small advertising campaign and they had poor quality control issues, the profits would be non-existent, however because of the sheer volume of sales for Apple products (on most levels) and the high quality of the product, the money made is very substantial, however because they are a big company they can leverage getting the best deal for their raw materials and this means high profits.




    Sticking with the above example the larger the company is the more weight they can put behind them to get the best deals for their products and services, smaller businesses do use this method too, although it is usually on a lot smaller scale and usually depends on them buying a minimum amount of materials. The more bulk materials you buy the more items can be made for a lot less, the more items that are made for little the higher the profit margin, and the higher the profit margin, the deeper their pockets become. This isn?t to say that you too cannot get in on this technique you just need to build rapport with your supplier and use as much leverage as you can, whether that leverage is the length of time you have been a valued customer, how many people you send to them or whatever else you can think of.




    Bill Gates, Richard Branson, Larry Page, Mark Zuckerberg and Henry Ford all have two things in common, they all dropped out of college, and they all became successful. In fact they become amongst the most successful people in the world and how did they manage it? They took risks, imagine where the world would be now if Bill Gates hadn?t started up his own software business? What would the world be like now if Henry Ford hadn?t built some of the first drivable vehicles in the world? What about if Richard Branson hadn?t started his own record label early in his career? The world would be a much less interesting place to be I think. The point is that they all took risks, and a couple of them still are taking risks. It?s like the SAS motto reads ?He who dares, wins.? This saying is very true, do nothing, there will be nothing, no results, no money nothing. Try your hardest, and take some risks and you could see yourself end up successful.
     
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  2. abhi1

    abhi1 Power Member

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    Damn! That is one lovely blog post...so motivational...and so true...
     
    Last edited: Feb 9, 2011
  3. 4trsuted

    4trsuted Regular Member

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    Nice post. The Golden true of internet business - "risk is good"!
     
  4. rockyonfire

    rockyonfire Regular Member

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    Wow. Thanks for sharing.
     
  5. jheyslow

    jheyslow Senior Member

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    I think I have new ambition now. Thanks for sharing.
     
  6. armoni

    armoni Junior Member

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    nice share
     
  7. mademoneyonline

    mademoneyonline Newbie

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    Thanks for your Blog. Very TRUE INDEED
     
  8. bertbaby

    bertbaby Elite Member

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    Now altogether let's drink the inspirational Kool Aid. Please, they became billionaires because somebody had to win in their respective markets. Sure they took risks and so did thousands of others and most of those failed miserably.

    The system is geared to large numbers and favoring one solution over others. If you want aphorisms then keep reading these inspirational messages but if you want knowledge I recommend you read Albert-László Barabási and his books "The Hidden Pattern Behind Everything We Do" and "Linked: How Everything Is Connected to Everything Else and What it Means for Business, Science, and Everyday Life." It's not dry at all and he is big into bursts and networks.This doesn't mean you should stop trying but when you do fail you will at least know why and stop kicking yourself.
     
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  9. jmommaa

    jmommaa Newbie

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    love your post very nice info. thanks:D
     
  10. Roparadise

    Roparadise BANNED BANNED

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    Isn't the current trend to become a billionaire now,and grow your company now is to Overvalue your brand? Facebook was a multibillionaire company when it was only making a few million a year. I think its because people saw how much they could have made with investing around $1,000 in Microsoft when they had their IPO,the value of your stocks would be around $370,000 now,and you would be making close to $3,000 a year in dividends,if you didn't do dividend reinvestment.
     
    Last edited: Dec 21, 2011
  11. fathobbitsss

    fathobbitsss Junior Member

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    Why don't people target big ideas?

    because people are lazy, and focusing on a small niche takes less effort.

    If you want to bank big, yea develope a new business model that works, market it through seo or other.

    It takes alot of hard work though, and you'll proberbly go through 10 business models before you find one that works. Same with marketing methods
     
  12. Starcodes

    Starcodes Regular Member

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    I've know this info for ages now that's why i am currently working on my own Social Media Network when it is done it's going to blow Facebook Twitter Tumblr and Youtube Straight out the water it's going to Revolutionized Social Networks Forever i have the concept that would change that and i also have a great domain name for it too very short and catchy only 3 letters long
     
    Last edited: Dec 21, 2011