Showing posts with label Alibaba. Show all posts
Showing posts with label Alibaba. Show all posts

Monday, November 24, 2025

Jack Ma's experience with rejection; how it made him a billionaire.

Every generation needs a revolution - an entrepreneurial revolution




Rejection brings out the best in us.   It is a lesson


*THE “REJECTED ROOM PRINCIPLE”
How Jack Ma Turned a Humiliating Moment Into a Billion-Dollar Mindset**
Before Jack Ma became one of the richest entrepreneurs in the world,
he experienced something that would have crushed most people.
He applied for job after job.
Rejected.
He tried to join the police force.
Rejected.
He applied to KFC when it opened in his city.
Twenty-three people interviewed.
Twenty-four applied.
Twenty-three were accepted.
Jack Ma was the only one rejected.
But the moment that shaped him most happened inside a tiny classroom.
Jack Ma applied to Harvard ten times.
All ten times they rejected him.
By the tenth letter, the admissions office didn’t even send a long explanation.
They simply wrote:
“You are not suitable.”
Most people would have quit.
Jack Ma did the opposite.
He printed every rejection letter, pinned them on his wall, and said:
“These are reminders to build a world where people like me do not get left behind.”
That mindset became the foundation of Alibaba.
Years later, when investors laughed at his idea for an online Chinese marketplace, he remembered the classroom that pushed him out…
and decided to build a digital room big enough for everyone.
Alibaba became one of the largest companies on earth.
Taobao became the biggest e-commerce platform in Asia.
Millions of entrepreneurs got their start on his platforms because one man refused to let rejection define him.
💡 THE BUSINESS LESSON
Most people fear rejection.
Great entrepreneurs use it as direction.
Jack Ma realized something simple:
Rejection is information.
Rejection is positioning.
Rejection is redirection.
The world saying “no” does not mean you are wrong.
It means you are building something the world does not understand yet.
This is why Jack Ma teaches his teams:
• Your value is not defined by acceptance
• Your vision is not validated by approval
• Your future cannot be decided by someone who does not see it
Alibaba did not grow because everyone believed in Jack Ma.
It grew because he believed despite everyone else.
🧠 THE NERDY TAKEAWAY
The “Rejected Room Principle” teaches this:
Rejection is not a closed door.
It is a sign pointing you toward the room you were born to build.
Jack Ma did not get invited into Harvard’s room.
So he built a digital marketplace where millions could thrive.
Sometimes the rooms that reject you are the ones you were never meant to sit in.
You were meant to build your own.

Monday, February 12, 2018

Who are your best customers? Friends and relatives or strangers?

Every generation needs a revolution - an entrepreneurial revolution

According to Jack Ma founder and chair of Alibaba, the best customers are strangers.

He explains how and why:





Image result for jack ma


Image result for strangers

Rizal Philippines
February 12, 2018

This is what Jack Ma, the CEO of Alibaba has to say when we treat customers.  Who has priority: friends, relatives or Strangers.  Who are your best customers?

Why strangers:   Jack Ma explains:

Jack Ma once said, 'When Selling to close friends and family, no matter how much you're selling to them, they will always feel you're earning their money, no matter how cheap you sell to them, they still wouldn't appreciate it.'
There will always be people who do not care about your Costs, Time, Effort, they rather let other people cheat them, allowing others to earn, then supporting someone they know. Cause in their heart, they will always be thinking, 'How much did he earn from me?' instead of "How much did he SAVE/MAKE for me?"
This is a classic example of a poor person's mentality!
How did the rich people become rich? One of the main reason is because they are willing to SUPPORT their associates business, taking care of one another's interests thus naturally they get back more.
Your Friends will in turn support you, thus the circle of wealth continues to grow and grow!
Simple Logic, you will start to get rich once you understand it.
Jack Ma on Sales: 'When doing Sales, the first people who will trust you will be Strangers, Friends will be shielding against you, fair-weather friends will distance from you. Family will look down upon you.'
The day you finally succeed, paying the bill for every get-together dinner, entertainment, you will realize.  Everyone else is present except the Strangers.
Do you get the meaning of this?
We need to treat our dear Strangers better! And even more so to Friends who know what you are doing and yet still SUPPORT you!
Let us treat STRANGERS who buys from us better from today. They are your BEST customers!