hi I’m Evan Carmichael and welcome to another edition of Molly the monsters I
another edition of Molly the monsters I
another edition of Molly the monsters I believe that the fastest and most
believe that the fastest and most
believe that the fastest and most effective way to grow a business is to
effective way to grow a business is to
effective way to grow a business is to model the strategies of people who have
model the strategies of people who have
model the strategies of people who have already done what you’re trying to do so
already done what you’re trying to do so
already done what you’re trying to do so today we’re going to look at how a young
today we’re going to look at how a young
today we’re going to look at how a young entrepreneur followed his passion for
entrepreneur followed his passion for
entrepreneur followed his passion for computers and in one weekend created the
computers and in one weekend created the
computers and in one weekend created the code for a new website that would go on
code for a new website that would go on
code for a new website that would go on to be one of the most popular websites
to be one of the most popular websites
to be one of the most popular websites in the world this is the story of eBay
in the world this is the story of eBay
in the world this is the story of eBay founder Pierre Omidyar and a top three
founder Pierre Omidyar and a top three
founder Pierre Omidyar and a top three lessons that you can learn from his
lessons that you can learn from his
lessons that you can learn from his success Pierre Omidyar is an American
success Pierre Omidyar is an American
success Pierre Omidyar is an American entrepreneur and philanthropist
entrepreneur and philanthropist
entrepreneur and philanthropist economist and the founder chairman of
economist and the founder chairman of
economist and the founder chairman of eBay growing up he became fascinated
eBay growing up he became fascinated
eBay growing up he became fascinated with computers and often skipped gym
with computers and often skipped gym
with computers and often skipped gym class in school to play on their
class in school to play on their
class in school to play on their computers after graduating high school
computers after graduating high school
computers after graduating high school and university he went to work for an
and university he went to work for an
and university he went to work for an Apple subsidiary to develop software for
Apple subsidiary to develop software for
Apple subsidiary to develop software for the Macintosh Omidyar soon felt the
the Macintosh Omidyar soon felt the
the Macintosh Omidyar soon felt the entrepreneur itch and wanted to start
entrepreneur itch and wanted to start
entrepreneur itch and wanted to start his own business when Omidyar was 28
his own business when Omidyar was 28
his own business when Omidyar was 28 years old he stayed in front of his
years old he stayed in front of his
years old he stayed in front of his computer for the entire Labor Day long
computer for the entire Labor Day long
computer for the entire Labor Day long weekend and wrote the original code for
weekend and wrote the original code for
weekend and wrote the original code for eBay originally called auction web
eBay originally called auction web
eBay originally called auction web Omidyar wanted to change the name to
Omidyar wanted to change the name to
Omidyar wanted to change the name to echo Bay and drive to Sacramento to
echo Bay and drive to Sacramento to
echo Bay and drive to Sacramento to register the name when he arrived he
register the name when he arrived he
register the name when he arrived he found Echo Bay was already registered so
found Echo Bay was already registered so
found Echo Bay was already registered so we decided to go with eBay on the spot
we decided to go with eBay on the spot
we decided to go with eBay on the spot instead of having to make a return trip
instead of having to make a return trip
instead of having to make a return trip today eBay has revenues of over nine
today eBay has revenues of over nine
today eBay has revenues of over nine billion dollars and Omidyar serves as
billion dollars and Omidyar serves as
billion dollars and Omidyar serves as its chairman he has an estimated net
its chairman he has an estimated net
its chairman he has an estimated net worth of six point seven billion dollars
worth of six point seven billion dollars
worth of six point seven billion dollars making him the 50th richest person in
making him the 50th richest person in
making him the 50th richest person in the world and it all began with one long
the world and it all began with one long
the world and it all began with one long weekend writing code and launching a new
weekend writing code and launching a new
weekend writing code and launching a new website
website
website by following his passion and computers
by following his passion and computers
by following his passion and computers and by actually taking action on the
and by actually taking action on the
and by actually taking action on the idea that he had Pierre Omidyar was able
idea that he had Pierre Omidyar was able
idea that he had Pierre Omidyar was able to build one of the most successful
to build one of the most successful
to build one of the most successful companies in his industry to help you
companies in his industry to help you
companies in his industry to help you make your company more successful
make your company more successful
make your company more successful here are three action items you can
here are three action items you can
here are three action items you can learn from Pierre Omidyar action item
learn from Pierre Omidyar action item
learn from Pierre Omidyar action item number one just go for it you know what
number one just go for it you know what
number one just go for it you know what one thing every successful entrepreneur
one thing every successful entrepreneur
one thing every successful entrepreneur has in common they got started you may
has in common they got started you may
has in common they got started you may have great business ideas but if you
have great business ideas but if you
have great business ideas but if you never take action on them you have
never take action on them you have
never take action on them you have nobody but yourself to blame don’t be
nobody but yourself to blame don’t be
nobody but yourself to blame don’t be afraid to try something different and
afraid to try something different and
afraid to try something different and fail you will know failure keep trying
fail you will know failure keep trying
fail you will know failure keep trying and experimenting with little projects
and experimenting with little projects
and experimenting with little projects until you strike gold and can really run
until you strike gold and can really run
until you strike gold and can really run with your new business idea Omidyar had
with your new business idea Omidyar had
with your new business idea Omidyar had a lot of people who never thought his
a lot of people who never thought his
a lot of people who never thought his website would ever take off why would
website would ever take off why would
website would ever take off why would complete strangers be willing to buy and
complete strangers be willing to buy and
complete strangers be willing to buy and sell to each other online how would they
sell to each other online how would they
sell to each other online how would they trust each other to complete the deal
trust each other to complete the deal
trust each other to complete the deal when they are believed that people were
when they are believed that people were
when they are believed that people were fundamentally good people and would be
fundamentally good people and would be
fundamentally good people and would be for the most part honorable he kept at
for the most part honorable he kept at
for the most part honorable he kept at it and intended to prove his critics
it and intended to prove his critics
it and intended to prove his critics wrong when we do I realized it was
wrong when we do I realized it was
wrong when we do I realized it was working when he started earning more
working when he started earning more
working when he started earning more money from eBay than from his day job
money from eBay than from his day job
money from eBay than from his day job according to Omidyar I started eBay as
according to Omidyar I started eBay as
according to Omidyar I started eBay as an experiment as a side hobby basically
an experiment as a side hobby basically
an experiment as a side hobby basically while I had my day job a lot of people
while I had my day job a lot of people
while I had my day job a lot of people don’t just go ahead and try things
don’t just go ahead and try things
don’t just go ahead and try things they’ll have an idea and they’ll say
they’ll have an idea and they’ll say
they’ll have an idea and they’ll say they’ll convince themselves or other
they’ll convince themselves or other
they’ll convince themselves or other people will convince them that it can’t
people will convince them that it can’t
people will convince them that it can’t be done I just kind of had this naive
be done I just kind of had this naive
be done I just kind of had this naive approach to well gee you know why not
approach to well gee you know why not
approach to well gee you know why not I’ll just go ahead and do it don’t let
I’ll just go ahead and do it don’t let
I’ll just go ahead and do it don’t let people who you may respect and who you
people who you may respect and who you
people who you may respect and who you believe know what they’re talking about
believe know what they’re talking about
believe know what they’re talking about don’t let them tell you it can’t be done
don’t let them tell you it can’t be done
don’t let them tell you it can’t be done because often they’ll tell you it can’t
because often they’ll tell you it can’t
because often they’ll tell you it can’t be done and it’s just because they don’t
be done and it’s just because they don’t
be done and it’s just because they don’t have the courage to try you’re able to
have the courage to try you’re able to
have the courage to try you’re able to accomplish anything you set out to
accomplish anything you set out to
accomplish anything you set out to accomplish
accomplish
accomplish action atom number two follow your
action atom number two follow your
action atom number two follow your passion
passion
passion almost every famous entrepreneur gives
almost every famous entrepreneur gives
almost every famous entrepreneur gives similar advice do what you’re passionate
similar advice do what you’re passionate
similar advice do what you’re passionate about when you love what you do
about when you love what you do
about when you love what you do you’ll make a far better product or
you’ll make a far better product or
you’ll make a far better product or service and will have a much bigger
service and will have a much bigger
service and will have a much bigger impact on your target market
impact on your target market
impact on your target market don’t waste time trying out businesses
don’t waste time trying out businesses
don’t waste time trying out businesses that you’re not really interested in
that you’re not really interested in
that you’re not really interested in just because it can make you money focus
just because it can make you money focus
just because it can make you money focus your energy and talent on what you’re
your energy and talent on what you’re
your energy and talent on what you’re uniquely able to create and you’re on
uniquely able to create and you’re on
uniquely able to create and you’re on your way to building a successful
your way to building a successful
your way to building a successful business from the time he was a young
business from the time he was a young
business from the time he was a young boy Omidyar knew that his future lied in
boy Omidyar knew that his future lied in
boy Omidyar knew that his future lied in computers he didn’t know how or when but
computers he didn’t know how or when but
computers he didn’t know how or when but when the other boys were outside playing
when the other boys were outside playing
when the other boys were outside playing sports Omaha was busy teaching himself
sports Omaha was busy teaching himself
sports Omaha was busy teaching himself computer programming languages like
computer programming languages like
computer programming languages like basic if he didn’t follow his passion
basic if he didn’t follow his passion
basic if he didn’t follow his passion and tried to force himself into other
and tried to force himself into other
and tried to force himself into other areas that didn’t interest him the world
areas that didn’t interest him the world
areas that didn’t interest him the world would never have come to known eBay
would never have come to known eBay
would never have come to known eBay according to Omidyar I always wanted to
according to Omidyar I always wanted to
according to Omidyar I always wanted to be involved with computers I was just
be involved with computers I was just
be involved with computers I was just pursuing what I enjoyed doing I was
pursuing what I enjoyed doing I was
pursuing what I enjoyed doing I was pursuing my passion it’s not work really
pursuing my passion it’s not work really
pursuing my passion it’s not work really if you’re having fun that was the case
if you’re having fun that was the case
if you’re having fun that was the case with me you have to really believe in
with me you have to really believe in
with me you have to really believe in what you’re doing
what you’re doing
what you’re doing be passionate enough about it so you’ll
be passionate enough about it so you’ll
be passionate enough about it so you’ll put in the hours and the hard work that
put in the hours and the hard work that
put in the hours and the hard work that it takes to actually succeed there and
it takes to actually succeed there and
it takes to actually succeed there and then you’ll be successful action item
then you’ll be successful action item
then you’ll be successful action item number three be nice a lot of people
number three be nice a lot of people
number three be nice a lot of people think that business is cutthroat but it
think that business is cutthroat but it
think that business is cutthroat but it doesn’t have to be when I hire people
doesn’t have to be when I hire people
doesn’t have to be when I hire people one of the core values that we look for
one of the core values that we look for
one of the core values that we look for is is this person nice it’s amazing how
is is this person nice it’s amazing how
is is this person nice it’s amazing how much more productive you are and how
much more productive you are and how
much more productive you are and how much more fun you have when you enjoy
much more fun you have when you enjoy
much more fun you have when you enjoy working with the people around you your
working with the people around you your
working with the people around you your staff your customers and your suppliers
staff your customers and your suppliers
staff your customers and your suppliers Omidyar founded eBay with the belief
Omidyar founded eBay with the belief
Omidyar founded eBay with the belief that nice guys finish first
that nice guys finish first
that nice guys finish first he created a set of core values for the
he created a set of core values for the
he created a set of core values for the business based on honesty and building
business based on honesty and building
business based on honesty and building trusted relationships he also believed
trusted relationships he also believed
trusted relationships he also believed that if his company could live by those
that if his company could live by those
that if his company could live by those core values then they would attract
core values then they would attract
core values then they would attract customers who felt the same way to date
customers who felt the same way to date
customers who felt the same way to date his theory has proven to be correct
his theory has proven to be correct
his theory has proven to be correct there are only thirty out of every
there are only thirty out of every
there are only thirty out of every million transactions that happen on eBay
million transactions that happen on eBay
million transactions that happen on eBay where people file a fraud complaint
where people file a fraud complaint
where people file a fraud complaint according to Omid yar I founded the
according to Omid yar I founded the
according to Omid yar I founded the company on the notion that people were
company on the notion that people were
company on the notion that people were basically good
basically good
basically good and then if you give them the benefit of
and then if you give them the benefit of
and then if you give them the benefit of the doubt you’re really disappointed
the doubt you’re really disappointed
the doubt you’re really disappointed nice guys a responsible company that has
nice guys a responsible company that has
nice guys a responsible company that has its heart in the right place that’s run
its heart in the right place that’s run
its heart in the right place that’s run by real human beings it has to be
by real human beings it has to be
by real human beings it has to be successful because if we weren’t that
successful because if we weren’t that
successful because if we weren’t that way
way
way eBay wouldn’t be successful eBay
eBay wouldn’t be successful eBay
eBay wouldn’t be successful eBay wouldn’t exist it wouldn’t be possible
wouldn’t exist it wouldn’t be possible
wouldn’t exist it wouldn’t be possible so remember just go for it
so remember just go for it
so remember just go for it follow your passion and be nice to
follow your passion and be nice to
follow your passion and be nice to finish up this video I wanted to share
finish up this video I wanted to share
finish up this video I wanted to share one of my favorite true stories about
one of my favorite true stories about
one of my favorite true stories about Pierre Omidyar and some of his best
Pierre Omidyar and some of his best
Pierre Omidyar and some of his best quotes eBay was originally hosted on a
quotes eBay was originally hosted on a
quotes eBay was originally hosted on a website that Omidyar had created with
website that Omidyar had created with
website that Omidyar had created with information about the Ebola virus the
information about the Ebola virus the
information about the Ebola virus the site originally allowed buyers and
site originally allowed buyers and
site originally allowed buyers and sellers to connect for free but as the
sellers to connect for free but as the
sellers to connect for free but as the site grew he had to charge a small fee
site grew he had to charge a small fee
site grew he had to charge a small fee only our hope that the transaction fees
only our hope that the transaction fees
only our hope that the transaction fees would eventually be enough to cover his
would eventually be enough to cover his
would eventually be enough to cover his web site hosting costs
thank you for joining me for another
thank you for joining me for another edition of modeling masters if you guys
edition of modeling masters if you guys
edition of modeling masters if you guys like the video please leave a comment
like the video please leave a comment
like the video please leave a comment below I love hearing your constant
below I love hearing your constant
below I love hearing your constant feedback and it also really appreciate
feedback and it also really appreciate
feedback and it also really appreciate any thumbs up so you want to give to the
any thumbs up so you want to give to the
any thumbs up so you want to give to the video and stay tuned to the next episode
”
Be First to Comment