Alibaba Group - the mistake that made millions

For a long time, Jack Ma worked for a modest pay, until on occasion he found himself in America, where he learned what the Internet is and how it works. The future billionaire found his bearings very quickly and upon returning to his home country he immediately organized a small company located at his home. Three years later, the income from the "small company" exceeded eight hundred thousand dollars. The idea of ​​starting a small business led to the creation of the largest resource on the world wide web.

Chinese-made showcase

The Alibaba resource is a website for selling goods made in China all over the world. Here sellers and buyers meet - both individuals and commercial enterprises of various sizes. Millions of users find their products every day, and sellers receive a free marketing platform. Thus, the site has become a large virtual marketplace. All that is required from the seller is to register and conduct business honestly.

Such a system is beneficial for both sellers and buyers. Consumers receive goods from the manufacturer, without numerous intermediaries, which reduces the final cost, because the goods offered by the resource are always below market value.

The site developers have implemented their own payment system Alipay and insurance service into the resource. In addition, there are its own information services for logistics, marketing and an internal platform for technical support.

It should be noted that Alibaba Group is several sites, each of which is "sharpened" for a specific client segment. There is a website for retail in China, there are wholesale and retail platforms for selling overseas.

The resource can rightfully be called a large-scale resource, it has helped many people in China start their own business and earn decent money, millions of buyers save money by purchasing goods without extra charges. China post and other delivery services have received significant demand for their services, thereby providing jobs and paying taxes to the state.

History of a small settlement

The creation of a trading platform not only helped Mr. Ma to become a billionaire, but also enabled many people to gain financial independence or just a decent income. An example was a small settlement in the Yuan-Su province, where one of the residents decided to start making furniture and selling it through one of the sites - TaoBao. The idea became profitable, the residents of neighboring houses adopted the successful experience and joined the successful business. Thus, one of the hundreds of invisible villages in China became the center of furniture manufacturing. The neighboring city has received considerable investments, infrastructure has been developed. Needless to say, the life of local residents has changed radically.

A similar example was followed by other small settlements, of which there are more than twenty on the site at the moment.

Errors are everywhere.

At the International Economic Forum, Jack Ma talked about his own business.The billionaire said that starting his own business called Alibaba was his biggest mistake. Initially, the future entrepreneur planned to create a small business for a stable income, but as a result, the idea acquired an international scale, the resource became incredibly popular, and most importantly, it was really useful for millions of people.

Mr. Ma explained his point of view. According to him, the management of such a large business is comparable to the work of the head of state, only the president of the company has much less power. He sees his dream as a small ten-day vacation, where there will be no hundreds of calls, tasks and meetings, but you can just sleep like an ordinary person. According to the billionaire, in another life he would never have become involved in business, but simply enjoyed life. Not everyone will be able to agree with his words, because financial independence for many is an unattainable goal. But it is worth noting that the resource is not just a sales site, but several of the largest platforms with a daily flow of millions of buyers.

Speaking about his own business, Cem Ma said that he had never received a special education as a politician or entrepreneur. which constantly led to errors in decisions. Finance, marketing, strategy, management - mistakes are everywhere. Naturally, this brought a lot of problems.

The businessman received a pedagogical education in Hangzhou and worked for a long time as a teacher, official, and translator. Jem Ma founded Alibaba in 1999, and in 2015, sales exceeded $ 485 billion.

Jack Ma told reporters that he does not plan to stay at the head of the company for a long time, and after leaving he wants to devote time to protecting nature. It remains to wish the richest man in China to find time for his personal life, rest and simple little joys that are invisible to ordinary people.