Turning Failure Into Success, Jack Ma

When talking about e-commerce or online business, we are definitely reminded of Amazon and eBay. These names are places where most people spend time shopping or just looking for products to buy. However, there are still internet giants who have larger users than the total of Amazon and eBay users, and he is Alibaba.

 

Alibaba is a Chinese version of Amazon that combines the functions of eBay and Paypal with 500 million users every month. Alibaba is the largest e-commerce website in the world. The founder of this giant internet company is Jack Ma! Jack Ma’s success story is truly very interesting and inspiring. Jack Ma’s life journey is so twisted, and he has gone through so many failures in his life, maybe more than the number of failures of people in general. Facing the fact that we failed is definitely a sad thing.

Jack Ma

When talking about the internet tycoon, the picture that usually comes to people’s minds is that he is a genius and has been familiar with computer and internet technology since he was young and had a unique idea that ultimately resulted in luck. Maybe in some cases, true, but these things do not apply to Jack Ma. When he started building Alibaba, he had no experience using computers or the internet.

But what distinguishes him from most people is that he can learn from his failures and rise. No matter how bad the failures we’ve all been through, I think what Jack Ma went through is far worse. First, he could not graduate from elementary school because he did not pass the exam, and he could only graduate after trying for the third time. That was still the beginning because soon after he graduated from school, he struggled to get into university.

More than three years of trying, Jack Ma failed the entrance exam and could not continue his education to the university level. In fact, Jack Ma applied to enter Harvard Business School, yes he did apply to Harvard, not just once or twice but ten times! Guess what happened? He was rejected every time he applied, yes ten applications were rejected! Maybe someone else would have given up if he was in his position, but Jack Ma didn’t. Think about it, you wasted three years just to get into university, and every time you tried to enter, you were rejected! Surely we all will be sad right.

 

While there, Jack Ma is also looking for a job. He applied to be the station’s local police, and I think you must know how the story ends. He was rejected! According to Jack Ma, he had applied to 30 different types of jobs, and all applications were rejected. However, the worst rejection experienced by Jack Ma was when he applied to KFC. There were 24 applicants interviewed at KFC. 23 of the 24 applicants were accepted except for one person, namely Jack Ma.

Jack Ma

Imagine what struggles he had gone through, count how many rejections he had experienced, and in fact, those rejections were enough for him to give up on life. Fortunately, he was able to enter an ordinary university and graduate. At that time, he could get a job and become a teacher even though his salary was not satisfying at all, around $ 10 dollars a month. The value of $ 10 dollars per month is not the amount of salary you expect at all right.

Yes, the salary is only $ 10 per month, not $ 10 per hour. Of course, that amount of money was simply not enough to pay for his life. Therefore Jack Ma obtains additional income from trying various types of businesses. Unfortunately, none of the businesses have succeeded. He went from one failure to another failure.

In 1995, Jack Ma visited the United States, where he was introduced for the first time on the internet. Jack Ma’s visit to the United States made his life change. Jack Ma felt like he saw something magical because he had never seen anything like that before in his life. Previously, he had just learned how to operate a computer and immediately realized the huge potential of the internet when it was introduced.

He tried to find out everything about China on the internet but did not find any general information that he wanted. That’s when he decided to release the China Yellow Pages to enlighten people about China in the new world of the internet. Comparing with his previous projects where he failed miserably, this time, the project was quite successful, and he began to earn money from the project.

However, Jack Ma’s ambitions do not stop there. He realized that the future of the business would be on the internet, so in 1999 he launched another website called Alibaba.com. He chose this name because he felt Alibaba was easy to remember and was also the first Chinese e-commerce website. Things that happen aren’t as cool as they sound. People at that time really did not understand what the internet was, so they did not believe it.

Therefore, in order to make people believe that Alibaba is a reliable place to sell goods online, Jack Ma tries to shop for his own needs whatever they sell on his website. It happens when everything goes slowly. It came to a point where people realized that they could actually sell anything on Alibaba, everyone entered, and Alibaba.com did not take long to gain popularity.

Jack Ma

Despite rapid growth, Alibaba did not print revenue for the first three years! Especially when the internet business bubble was trending in 2001, people began to lose trust in internet companies, and thousands of them went bankrupt. Fortunately, Alibaba has survived these difficult times. As conditions became more conducive, Alibaba continued to show increasingly significant growth.

Unmitigated, the value of Alibaba’s business valuation is almost $ 500 billion dollars and is expected to grow to $ 1 trillion dollars by 2020. The greater Alibaba, Jack Ma’s wealth, also swelled Jack Ma’s net worth of $ 41 billion as of June 2018.

The moral of the story is that you will never fail if you don’t stop struggling. Jack Ma has tried continuously, and he does not give up when he is not accepted into the university of his dreams. He doesn’t give up every time he is turned down by the companies he is applying for. In fact, he started building Alibaba when he was 35 years old. For him, success does not look at age. You can reap success even at a young age.

So, if you are 25 years old and stuck in a job that you hate, then do not ever think that it is too late for you to start.

Remember, failure is a choice. As long as you keep going and fighting, there is no such thing as failure, and you will definitely succeed in the end.

Now it’s your turn, what is your worst failure? Please share your experience in the comments column below!

How Bitcoin Actually Works

If you have invested your money in Bitcoin in 2011, say USD 100, then you should be able to make USD 2 Millions as of December 2017 yesterday. You can already become a billionaire with only a few hundred of USD, maybe become a trillionaire if you invest funds up to tens of millions of USD in a fairly short span of time, 5 years!

bitcoin

The funny thing is, many people in the United States especially get extraordinary fortune from the skyrocketing value of Bitcoin. Bitcoin is a hot topic in the world lately because of a drastic increase in value in just a short period of time. Seeing such lucrative conditions many people will be wondering, should you invest in Bitcoin too? Is it too late to get into Bitcoin investments? Can the benefits be as big as the benefits others have already gotten?

Before the question is answered, it helps us understand what Bitcoin is and how Bitcoin works. Looking back on the history of human civilization – gold, silver, and various other metals have been used as “currencies”, but the use of gold is the most popular among other metals. Gold was used as a medium of exchange until 1971, perhaps because of that reason also the existence of Bitcoin emerged lately.

Try to remember, we have been using paper money as a medium of exchange for hundreds of years, but a little different first because paper money is backed up by gold – that means, each use of $ 1 paper money represents a certain amount of gold in a bank. So, instead of having to carry a bag containing gold with difficulty wherever you go, people used to be able to easily carry paper money and get the gold at the bank whenever they needed.

In other words, you cannot conveniently print money like what the governments in each country now do, unless you have enough gold collateral at a bank. From that condition, problems arise. Shortly after the end of World War 2, the US dollar became an international currency because the United States has 70% of the total gold in the world! Thus the United States can print more money than any other country.

Unfortunately, the United States prints more money than the amount of gold they have so that when other countries want to exchange their dollars for gold – the United States can no longer fulfill that demand. That’s what happened in 1971. Since then, our good money in any country is just paper money without any real value attached to it. People who have power can print as much money as they want! As a result, prices soar every year.

bitcoin

It did not stop there, the world economy was destroyed in 2008. Actually in that year the Southeast-Asia Country, Indonesia did not have such a big impact thanks to Mrs. Sri Muliyani who was Minister of Finance in the era of President SBY at that time. Unlike the economies of European countries which shut down for a while – Indonesia was hit by the worst economic crisis only in 1998.

How did the crisis affected countries save their country’s economy at that time? Governments from various countries are printing more and more money.

The United States in particular prints new money with a value of $ 4 trillion dollars! Now, that’s the fundamental problem with paper money we have today – it can be easily printed by people who have power. A man named Satoshi Nakamoto came up with the idea of ​​a new decentralized currency that can be controlled by anyone as long as it is incorporated in a special network.

They are not part of any government and they cannot print money as they wish. This currency has the same limited amount as gold and is named Bitcoin. Then how does Bitcoin work? Bitcoin works with a technology called blockchain, actually quite complicated to understand but here’s a simple explanation.

Everything on the internet is a duplicate of the original data, until here we have to agree first. For example, this article is a duplicate of the original file that I wrote on the laptop and I can duplicate this article as much as I want. Something similar also happens on the internet – articles, pictures, songs, and so on. So, it’s impossible to create a digital currency because everyone can easily duplicate it. Well, that’s where the use of blockchain technology is!

Everyone on the blockchain technology network can clearly see the shift of Bitcoin from one person to another. In fact, you can easily see Bitcoin shift recordings when you join the network. If someone wants to try to corrupt this system, everyone who joins the network will immediately find out and stop it. In other words, it is almost impossible to cheat on this system.

All new transactions are collected in a block and every new block is created every 10 minutes and all these blocks are connected from one block to another, which is why this technology is named blockchain. However, regardless of how sophisticated this technology is, it can still be hacked right? Not really Each new block apart from recording existing transactions also stores old transaction records on the network. For the system to read a block, it must match all blocks that have been created on the network.

In fact, it is not only the old block and the current block that must match but also with the new block that will be created in 10 minutes later and other new blocks in the future. More important than that is that every block and every transaction must have sophisticated cryptography (code). Now, if the new block added doesn’t match the block that has been created and the block that will be created in the future, the cryptography in each block will change – which makes it easier to recognize cheating on the system.

bitcoin

This condition makes the system in Bitcoin almost impossible to be hacked not because no one understands how to hack it but rather the computer power needed to hack this system must be greater than the entire network – which means users of this network must have millions million people! The larger the system network, the safer the system. So, if you want to send money then you don’t need to go to the bank or to a 3rd party, you only need to do it with fingertips for free! If you need to send money abroad, you don’t need to wait for days for the bank to transfer money.

The time needed to transfer money with Bitcoin is only 10 minutes while waiting for the new block to be created! The question is do you have to invest in Bitcoin? The answer can be yes or no hehe. It can be, because digital money seems to be the medium of exchange for the future. The problem is, Bitcoin is not the only cryptocurrency. There are still other cryptocurrency such as Ethereum, Litecoin, and so forth. However, Bitcoin is a cryptocurrency that is growing very fast compared to the others.

That rapid growth is also a problem, in January 2017 the value of Bitcoin has grown from $ 850 to $ 19,000 until December 2017. We have to admit, everything that is developing so rapidly will eventually be destroyed in no time!

If you want to invest in Bitcoin you have to do more in-depth research on this digital currency.

 

Here’s How to Sell Ancient Money Directly & Online

Speaking of money, of course, not infrequently there are new models every period that is printed replacing the old money model.

Usually, if a new version has been published, the public cannot wait to have it soon. Old-fashioned money also began to be abandoned. Some people exchange it for new models, and some save it.

Not just a collection, but a belief when ancient money has a high selling value, higher than its nominal. Sure enough, now not a few collectors dig old money by offering extraordinary prices and even touch hundreds of millions. In general, the technique of selling ancient money has two ways, namely (A) Selling Directly, and (B) Selling Online.

For those of you who have a collection of old-fashioned money and want to sell it, as follows the ancient money selling technique reviews:

  1. Selling directly

Selling ancient money directly is the best solution because you can know the buyer instantly. This can also minimize fraud. And of course, negotiations can be held well and safely. If you live in Semarang, you can sell it to the Klithikan market in the old city area.

This market is the location of hunting antiques and antiques all collectors. If you are in Jakarta, just come to the area to buy goods at Pasar Baru, Central Jakarta. As for those living in solo cities, you can sell them on the Saturday Karanganyar market.

  1. Selling online

In addition to selling it directly in exclusive markets, buying and selling antiques, other ancient money selling techniques, namely the online system. You can advertise by uploading old-fashioned money that will be marketed on the online buying and selling site or marketplaces like Bukalapak, Lazada, Olx, Kopkopedia, and other well-known marketplaces.

The trick, download the online trading software from your Google Playstore or smartphone app store. Then register using an email, mobile number, or facebook account. After the recording is complete, upload the items and explain the things that you will sell.

The high and low value of ancient money depends on many factors such as conditions, scarcity of goods, and so on. Here are the specifications of ancient money that assess the selling price of ancient money:

  • Increasingly rare

The main factor that provoked the amount and the technique of selling money was the scarcity. The rarer and the more antique the goods, the higher the selling price. Because of the scarcity and oddity is the attraction for collectors.

  • Money quality and situation

The quality and condition of ancient money are also dominant towards its selling value. If there are stains or scratches on ancient money, the selling value can below. To make the money situation good, you need to work on reconditioning by putting pressure so that the smooth folds in the old money are gone.

If there are stains, you can also wash using special liquid, so the stain is gone. But when the transaction, you need to inform that the ancient money has been carried out reconditioning with the quality destination maintained.

  • Variations in ancient money

The difference in question is the serial number of beautiful old money. Besides the old-fashioned money, the beautiful serial number variations on ordinary money can attract collectors to buy them at high prices.

For those who want to make ancient money transactions, you need to pay attention to the quality and situation of the money or called grading. The national bank note society has set its standard grading and has several types such as almost uncirculated, uncirculated, fine, very fine, extremely fine, fair, very good, and poor.

Well, that’s the old money selling technique that you can do. Before starting the transaction, it’s good to know in advance the quality and situation of money or grading are worth selling so that collectors pursue your ancient money.

How to Find the Perfect 100 Clay Chips Collection for Your Husband

Have we ever wondered how the technique of finding the perfect collection of 100 Clay Poker Chips for your husband? If so, you will get use of the information contained in the gift purchase instructions.

If our husband likes to play so many games like Poker, or if he likes to collect Clay Poker Chips, there could be that a set of chips would be a spectacular gift that he would save for years to come. Here, I will elaborate on a number of basic tools that have been successful when it comes to holidays, and other gifts.

Step 1:

On January 20, 2009, Barack Obama picked up the office of the President of the United States as the first black American in all history. If your husband is this personal fan, you might like to understand that there is a Clay Poker Chips Set that celebrates Barack Obama’s appointment.

this is called “President Barack Obama 100pc 1.5g Poker Chip Set with Case”. This set is equipped with the very aesthetic Clay Poker Chips that show President Obama’s images with white, blue and red chips. This case consists of wood and has information relating to the inauguration outside. This is an aesthetic collection of artisan collections that your husband might enjoy for holidays, birthdays, birthdays, or just a hint of your love!

Step 2:

If your husband is a fan of the World Poker Tour Series, he can feel the 100 Clay Poker Chips Set from this series. There are a number of “World Poker Tour 11.5g Clay-Filled Poker Chips” offered on the market today. Our husband can feel playing with the same chip that is used by many players from the series. These players belong to Mr. Le, Nick Schulman, Jonathan Little, Doyle Brunson, and others! What better technique to write “I love you!”

Step 3:

If your husband feels the casino scene, or always wants to visit a casino, you might consider “Casino Chip Hot Cyclone Paulson Pharaoh Set with Wood Casing”. This is the 100 most popular Clay Poker Chips Set for many reasons. First, the chip has an inlay that describes “Pharaoh’s Club & Casino”.

Furthermore, it appears with a very aesthetic wooden box that has a number of compartments to the point that our husband can alienate all the Poker Accessories needed to win his game. You will also pursue that the set is equipped with a number of decks of playing cards, and not just one dice, but five separate dice! Our husband must have felt this set of aesthetics and practicalities!

Step 4:

When choosing the perfect 100 Clay Poker Chips collection for your husband, it is urgent to compare his taste with the set. It is also important to consider the amount of funds we have to spend on the prize. Last but not the least, consider whether your husband will really play with the chip, or whether he will take it. Once we consider all of these considerations, you might be able to easily catch the perfect 100 Clay Chips Chips for your husband!

These Are The Numismatic Causes Beyond All Other Investments

Rare coins in New York, smiling sellers show their precious goods, neatly exhibited in glass cabinets, windows.

For an inexperienced person, all this looks like an unnecessary pocket change to anyone. Numismatists studying the history and art of old money see aesthetic masterpieces in well-preserved coins, which cost many times more than their nominal price.

At an auction organized by Stack’s Bowers on March 31, the American cent sold in 1793 for $ 940 thousand was the most expensive small coin in the history of numismatics.

The index of tangible alternative asset categories (index of tangible alternative asset classes), compiled by consulting firm Knight Frank, shows that income for rare coins for the ten-year period at the end of 2016 was 195%, higher than art (139%), postage stamps ( 133%), furniture (-31%) and the S & P 500 (58%).

Coins are easier to transport than paintings or furniture, and they have a higher price-to-volume ratio. Postage stamps may be even lighter, but the paper on which they are printed is more fragile than metal, notes The Economist in the UK.

However, the market of rare coins has long had an unimportant reputation. What makes the coin very valuable – brilliance, clarity of detail, tone and wear, is elusive for the unprepared eye.

That is why the dubious coin traders have for many years successfinvestmentully persuaded investors to pay huge money for not very valuable or even fake coins.

The Wild West market ended in 1986, when the first independent coin certifier appeared, based in California: Professional Coin Grading Service (PCGS). Assigning a place to each coin in the 70-level scale, PCGS gave the market transparency, sharply increased investor confidence and sales.

Today, global sales of rare coins are estimated at $ 5-8 billion a year, and 85% of the market is in America. About how important independent valuation has become is the fact that all rare coins sold today at auctions are evaluated by PCGS or its main competitor, the Numismatic Coin Valuation Corporation (NGC), which is based in Florida.

Some explain transcendental income with the existing rating scale. Investors are strictly adhering to the assigned level: even a one-step increase can double or even triple the retail value of a coin.

So, for example, a silver dollar printed by the San Francisco Mint in 1884, is sold at $ 19,500 with level №62, but soars in price up to $ 65 thousand from №63.

The assignment of a level is subjective: one of the evaluation criteria is “external attractiveness”. Scott Travers, a coin trader in New York, says that investors sometimes give the same coin to the mark 10 or 20 times in the hope of increasing the level. All this leads to a gradual “step inflation”.

In the long run, a steady increase in the number of coins with the highest possible level only due to the decision of the appraiser will undoubtedly lead to a fall in prices.

A new service has already appeared – “appraiser of appraisers”, which monitors compliance with the rules when assigning a level in two main appraisal companies. Should we expect in the near future an appraiser who will monitor the appraiser appraisers?