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Online Businesses
Online Businesses
Online Businesses can be extremely lucrative. You just need to find one that suits your requirements and something that is familiar to you. Here are some interesting facts on online businesses that have gone from a simple idea to a goldmine.
Lets look at SKYPE
Skype was founded as a start up in 2003 by entrepreneurs Niklas Zennstrom and Jaus Friis. Its a free 'chat online" software programme you download and now has the leargest number of users in the chat online sector, topping 100 million downloads. In September 2005, eBay Inc. acquired Skype from its founders for a whopping US 2.6 Billion dollars.
Lets look at YOUTUBE
This dinner party idea turns into $1.65 Billion dollar sell out in 1 year. YouTube was founded in 2005 by three ex PayPal employees, Chad Hurley, Steve Chen and Jawed Karim. Hurley and Chen started YouTube after struggling to share videos online. The concept was created over a dinner party. Only one year after it's concept, Google bought You Tube for US 1.65 Billion dollars
Lets look at FACEBOOK and MYSPACE
College student start up to the value of $15 billion dollars! Facebook was created by Mark Zuckerberg born in 1984 for college students to share information online. At the time of Facebooks launch in 2004, Zuckerberg was studying and later dropped out to work on building his company. Wise Move!
In 2006 Facebook opened its membership to all and in October 2007 Microsoft won a battle with Google and Yahoo to invest in Facebook. It is said that Microsoft paid US 240 million for just a 1.6 percent stake or share. The investment valued Facebook, which was three and a half years old at the time at an incredible US 15 billion dollars.
Facebook has 200 million active members worldwide and this number is growing. News corporation bought rival site MySpace for US 580 Million dollars in 2005.
So, we are not suggesting every one of us will make it as big as these guys, but it is important to know what is possible and what made their businesses so valuable. You cannot expect big outcomes if you do not give yourself permission to think big.
Create your strategies and sytems that allow you to be successful
Think Big and plan to succeed
Be your own boss!
Online Businesses
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