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Total Number of Subscribers: 464 |
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Date: 21st February 2010 |
Compiled by: |
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Michael
Dell is a very committed guy, when he created a plan, he’ll pursue =
it
with full strength. And this explains that how he made his $1,000 by just
selling stamps at the age of 12! Can you imagine that? Selling stamps at =
such
a young age and make $1,000 from that. Many of us can’t even save
$1,000 from our salary. But he made his first $1,000 by just selling stam=
ps. He
later sold the newspaper subscription for Houston Post, which developed h=
is
confidence making him even more money. It is told that he made enough mon=
ey
to buy a BMW by the age of 16. Most people can’t earn enough money =
to
buy a BMW even with their entire life saving. But this guy, Michael Dell,
made enough money to purchase a BMW at the age of 16. Michael
then planned his life well at the age of 19. He knew
exactly what he wanted to achieve in his life and eventually, =
he
achieved it. Knowing what you want in your life is one of the most import=
ant
success strategies that you must adopt. If you don’t know what you =
want
to achieve in your life, you’ll never achieve it. First set your target, then keep on pursuing it.
Just like what Michael Dell did at the age of 19, he planned his life and=
set
his goals to achieve higher success. Michael
later went to college to study biology as his parents want him to be a
doctor. However, a year later, he quit his studies and continue to pursue=
his
dreams. He wanted to be a successful entrepreneur. This is what you have =
to
do as well if you know exactly what you want. You
need to have the courage to pursue your dreams. Michael
developed his intense passion in computers when he was 15. When his paren=
ts
got him an Apple computer when he was 15, instead of using it, he dissemb=
led
the computer into parts to find out how it worked. After that, he bought =
an
IBM computer and studied more about assembling computers. Which he finally
mastered the technique that made him a billionaire at a very young age (Mi=
llionaire
Habit #7 - Be 100% committed). In
1984, Michael started his dream venture with $1,000. He followed through =
his
business plan and keep on working on it. In his room in the university, he
assembled computers for customers according to their requirements and sell
them directly to his customers. His
business idea was new because he assembled all the computers according to=
his
customer’s preferences and sell directly at a low price. He was the
first to introduce the direct sales method in the IT industry. The direct
sales clicked and there was huge demand for computers. Dell knew that he =
could
beat computer dealers by selling a lower price with good technical servic=
e (Mi=
llionaire
Habit #1 - Always Exceed Expectations). Just
like every other successful people, Dell started small. Most of his orders
were placed through friends and acquaintances who spread the word around.=
And
by steadily developing his business, he moved to a small office and hired=
a
few people to take orders and upgrade machines. Avoiding a third party to
sell computers turned out to be profitable and the company grew at a
seriously fast clip. Later
in May 1983, Dell incorporated the company as Dell Computer Corporation. =
In
1985, Dell started to design and make computers with components sourced f=
rom
outside. His focus, right from the beginning, was on customers and good
service. He kept his vision and move toward his dreams step-by-step. All
his hard work paid off handsomely. By 1992, Dell Computer Corporation ent=
ered
the Fortune 500 list of the largest companies in the world. At the age of=
27,
he became the youngest CEO of a Fortune 500 company. And the rest is hist=
ory. Another
one of the success strategies that Dell used is that the company was one =
of
the very first to sell computers on the Internet. This too became a huge =
hit.
In 1999, Dell launched Gigabuys.com, an online store featuring
computer-related products. Not
only that, his business kept on growing and become the No. 1 player in the
American market. Can you see it now? How Michael Dell started from $1,000=
and
built his giant IT business worth more than $100 billion. It has been a v=
ery
successful journey for Dell. In
1999, with his wife, he formed the Michael and Susan Dell Foundation, whi=
ch
has an endowment of more than $1 billion and focuses on children’s
issues. This shows that Dell knows the mi=
racle
of tithing. If you want to=
be a
successful i your life, you must first make other people successful. If y=
ou
want to be a millionaire, donate and help more people to become richer. T=
his
is the law of the universe. Article
was earlier published in one of the reputed business magazine |
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