Here is a very inspiring
success story about a
billionaire who became a very successful entrepreneur at a very young age. Just like every other success people, he started with almost nothing but the ideas in his head.
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 stamps.
He later sold the newspaper
subscription for Houston Post, which developed his confidence making him even more money. It is told that he made enough money 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 important 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 parents got him an Apple computer when he was 15, instead of using it, he dissembled 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 (Millionaire 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 service (Millionaire 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 from 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 entered 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 history.
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 very successful journey for Dell.
In 1999, with his wife, he formed the Michael and Susan Dell Foundation, which has an endowment of more than
$1 billion and focuses on children’s issues. This shows that Dell knows the miracle of tithing. If you want to be a successful i your life, you must
first make other people successful. If you want to be a millionaire,
donate and help more people to become richer. This is the law of the universe.
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