Set in New York, Xerox is an American company that sells print and digital document products and services like photocopiers, fax machines, and laser printers. As of 2021, Xerox offers its services to 160 countries around the globe.
Xerox has also developed several technologies like GUI, mouse, ethernet, and personal computers. Many of these ideas were picked up by Apple and later Microsoft.
How did Xerox come into existence?
Xerox was founded in 1906 as The Haloid Photographic Company in Rochester, New York. The cycle, which made photographic duplicates onto plain, uncoated paper, was developed by Chester Carlson. The item brought such a lot of achievement and fame that Xerox considered buying it.
The organization changed its name to Xerox Corporation in 1961.
Searching for a term to separate its new structure, Haloid instituted the term xerography from two Greek roots signifying “dry composition.“
Haloid changed its name to Haloid Xerox in 1958, and afterward Xerox Corporation in 1961.
Xerox 914
The Xerox 914 was considered “the best single result ever.” The 914, the primary plain paper scanner, was created via Carlson and John H. Dessauerit in 1959. Xerox had nearly $60 million in income.
The specialty of the 914 was its straightforwardness and it would turn into the establishment of Xerox items and UIs. Incomes jumped to more than $500 million by 1965.
Sitting must be avoided near the copier
Although it may seem like an entertaining idea after you have had a tiresome day, to sit on the scanner; sitting on your scanner and pressing the green button can cause issues. Indeed, in 20% of all copiers, fixes are needed because of harm brought about by someone’s backside squeezing the glass.
Wiping data is necessary
Did you realize that 60% of all disposed of hard drives from computerized report frameworks, be they copiers, faxes or MFDs contain information? When you consider any risky data that goes through the normal office on a normal day, the danger is evident.
Thus it is always advisable to try to delete all pictures and records from the system before disposing of your copier.
Color copiers help young dogs
101 Dalmatians
The Haloid Corporation sent 7 shading copiers to Disney in the last part of the 50s. These copiers were utilized in the creation of 101 Dalmatians. Haloid became Xerox, to pay tribute to their best-selling product.
The copyrighted version
Both monochrome and shading copiers exist today. To prevent forging, Xerox shading copiers print a little example of spots to recognize it. That way, specialists can find the source of the duplicate print.
Scanners use toner, which is a combination of plastic granules, rust, shade, and wax. The granules accept a photostatic charge and are drawn to a photosensitive drum. This drum moves pictures to paper. The toner is then fixed to the paper utilizing a warmth cycle. Ink, then again, is set on the paper using little jets which push the fluid in order of pulses.
Speed in the office
Xerox Riso ORPHIS X9050
The world’s quickest printer created for office use is the Riso ORPHIS X9050. This machine is equipped for making more than 150 to 300 duplicates each moment. Before the idea of copying, people needed to depend on the utilization of carbon paper and hand depicting. Chester Carlson’s innovation was revolutionary, changing the view of the business.
Security peril
The principal famous printer, the Xerox 914, won the business world in 1959. If it was released today, Xerox could never move beyond health and security.
Exclusively overusing the gadget could cause overheating, the gadget would generally blast into flames after many copies. The problem was serious enough and hence, Xerox started giving free fire extinguishers along with each copier machine.
The Fax machine
The project had an unappealing name – Long Distance Xerography (LDX). In any case, that is the place where the fax machine was conceived. The LDX had two copiers associated together through the public phone organization. It was presented in 1964.
Laser Printer
Xerox’s First Laser Printer
The universal laser printer emerged from Xerox cages as well. It was developed by Gary Starkweather in 1969 by altering the Xerox 7000 copier. Although, it wasn’t presented until 1976 when IBM devised a similar item.
The PC (Palo Alto Research Center; formerly Xerox PARC)
Xerox Alto
PARC is credited to have coordinated the mouse (created at SRI), graphical UI (GUI), and bitmap illustrations to make the world’s first PC in 1972. The gadget was named Xerox Alto. It was very less marketed, however, and was used at the organization’s workplaces and the US government and military workplaces.
FAQ
Who founded Xerox machine?
Chester Carlson and James Watt were the inventors of the Xerox Copiers.
When was Xerox founded?
Xerox was founded on 18 April, 1906 by Chester Carlson and James Watt.
Starbucks is a chain of coffeehouses that has its headquarters in Seattle, Washington. Starbucks is the world’s largest coffee brand and the most popular go-to destination for coffee lovers.
The company has 32,660 stores in 83 countries, including 16,637 company-operated stores and 16,023 authorized stores, and has a net worth of $10 billion.
The espresso mecca started during the 1970s with Gordon Bowker, an author; Zev Siegl, and a few experienced instructors; and Jerry Baldwin, an English educator. CEO Howard Schulz took over the 1980s, and he was the person who introduced beverages to the coffee chain. Previously, they just sold espresso beans.
Starbucks’ grande espresso coffee has 330 milligrams of caffeine, has about as much caffeine as three cans of Red Bull. By examination, a standard 16-ounce cup of blended espresso contains around 190 milligrams.
Starbucks has dangerously more caffeine than the daily safe portion of caffeine in the grande espresso: 400 milligrams.
Starbucks owned a Record Label
Starbucks is widely known for the music they usually have playing at each store. In 1999, Starbucks purchased the record name “Hear Music” and marked specialists like Paul McCartney, Ray Charles, Alanis Morissette, Carly Simon, and Sonic Youth. The record label collapsed in 2008.
There is a Secret Drink Size not shown on the Menu
Starbucks Drink Size
Starbucks has three standard drink sizes: tall, grande, and venti. However, there are more than 2 sizes that are not advertised on the menu. First is an 8-ounce “short” cup, which is the cup wherein a child’s hot cocoa is served.
However, you can get any drink in it. Then, there’s the Trenta, which holds 31 ounces and is just for frosted beverages.
Starbucks has a City Mugs Collection
Starbucks City Mugs Collection
Starbucks offers a hearty mug as a souvenir to remember your trip to the city! This chain has a line of “You are here” mugs and they can be found in all main cities around the world. These mugs can be found in gift shops, tourist spots, and rest stops.
Starbucks has secret shops
Starbucks Roy street Coffee & Tea
Starbucks has a couple of secret shops, says The Seattle Times. One is known as Roy Street Coffee and Tea in Seattle and they sell things that aren’t on usual Starbucks menus.
This includes things like wine, lager, and connoisseur cheeses that can’t be mass delivered. Starbucks uses these secret shops to try out new items too.
Starbucks drink has more than 87,000 combinations possible
Starbucks surely has a big menu, but 87,000 options?
Starbucks deputy Lisa Passe clarified how they prepared it to a Wall Street Journal blogger: “If you take the whole of our center drinks, multiply them by the modifiers and the customization choices, you get more than 87,000 mixes.”
In this way, clients can make their most loved beverage that suits their lifestyle.
The 10-minute rule
Starbucks has a 10-minute rule guideline that they have to follow. The rule requires each store to open its doors 10 minutes before the posted time and close 10 minutes after the end time.
This is to ensure great customer satisfaction, as many times there is a customer eagerly waiting for Starbucks to open.
A Starbucks lover goes to Starbucks six times a month
Insights say that a normal Starbucks customer visits the store around six times each month. The most loyal customers of Starbucks are known to visit 18 times each month.
Perfumes are banned in Starbucks
Indeed, you read that right. By the Starbucks clothing standard, “Scent, cologne, shaving cream or exceptionally fragrant deodorants may not be worn because the smell influences the taste and fragrance of our espresso.”
The chain likewise restricted smoking during the 1980’s.
Black aprons are the uniform for coffee connoisseurs
Starbucks Black Aprons
The dark aprons are kept for ” coffee experts.” Starbucks baristas need to become certified coffee experts to wear dark aprons. The coffee connoisseurs have to learn all about coffee making to work at Starbucks.
The drink sizes don’t mean anything
Rather than using the usual terms like little, medium and huge, Starbucks uses tall, grande, and venti for their beverage sizes. These names were simply made in a conference room.
Chief Howard Shultz needed to bring Italian bistro-style to Starbucks in 1987 and to make “a culture of warmth and having, where everybody is gladly received.”
Starbucks has Round tables for a reason
Starbucks has Round Tables
Round and rectangular tables are widely found in Starbucks. Round tables provide a homely and comfortable feel to the customers even when they are by themselves.
Starbucks has been sued for an underfilled lattes and mochas
U.S. lawsuit blamed the espresso chain for cheating clients by underfilling lattes and mochas to decrease milk costs. The coffee giant was sued for neglecting to fill its coffee cups right to the brim. California residents claim that Starbucks serves lattes that are 25% smaller than the menu claims. They were likewise sued for using an excess of ice.
FAQ
Who is the founder of Starbucks?
Gordon Bowker, Jerry Baldwin, Zev Siegl are the founders of Starbucks.
Who was the first CEO of Starbucks?
Howard Schultz was the first CEO of Starbucks.
When and where was Starbucks started?
Starbucks was started on 31 March 1971 in Seattle, Washington, United States.
In the world of automobiles, Lamborghini is one of the most exclusive manufacturers. As a result, most people can only dream of owning this luxury car brand. Known for its speed, power, and beauty this Italian automobile is fast, powerful, and stylish. Lamborghini is a symbol of high class, luxury, and wealth. Lamborghini is easily recognizable and turns heads when driven on roads.
Below are some interesting facts about Lamborghini.
Tractors were Lamborghini’s first product, and they continue to make them today. The tractor company was found in 1947. At that time, there was a high demand for agricultural equipment and vehicles.
“Carioca” tractor was built from parts of an old military vehicle. The first company, ‘Lamborghini Trattoria, was founded as a result of the success of this tractor. Lamborghini had designed its fuel atomizer for its tractors, which made them unique.
For farmers, the cost of gasoline was a major concern. For this reason, Lamborghini designed its tractors.
When Lamborghini released its first model, it was devoid of a motor
Lamborghini 350 GTV
The 350 GTV may have been the world’s first Lamborghini and the inspiration for the supercar genre, but when it was first unveiled at the Turin Auto Show, it was barely finished. Consequently, they placed several bricks in place of an engine and kept the hood closed throughout the entire period.
Bull theme of Lamborghini
In some cases, car manufacturers choose names based on a recurring pattern. For Lamborghini, bulls are a recurrent theme. He was a big fan of bullfighting in Spain. The sport was something he was passionate about and something he enjoyed watching in his spare time.
“Bullfighting” attracted him because of its excitement, drama, and power. As an analogy, he compared this power to that of his vehicles. He chose to use the names of famous Spanish fighting bulls for bulls. The Lamborghini Miura was the first model to bear the name of a bull. After that many more bullfighting bull-themed cars were produced in the following years.
Lamborghini Taurus
Ferruccio Lamborghini was born on April 28, under the Taurus astrological star sign. He wanted to name the Lamborghini after his zodiac sign. As a result, there was almost a Lamborghini Taurus car in the market. However, it didn’t work out and a new name was chosen.
Dubai’s city police uses Lamborghinis
Lamborghini used by Dubai Police
Dubai is one of the richest countries in the world and has an insane police car collection. A 691hp mid-mounted V12 engine in a police vehicle? That’s insane! Each of the Dubai Police vehicles is equipped with a Lamborghini Aventador, which has a top speed of almost 350 kmph and can go from 0 to 100 in just 3 seconds!
Veneno Roadster was introduced in 2014 and the cars are rare, expensive, and fast. A limited-production Lamborghini sports car, the Veneno is Lamborghini’s high-performance model.
A total of four units were produced by the company, of which three were sold to selected customers and one was placed in the company’s museum for display.
Lamborghini developed the Veneno, based on the Aventador, to commemorate its 50th anniversary. A four-million-dollar production car, it was one of the most expensive vehicles ever built.
To help the Italian police transport organs quickly, Lamborghini donated multiple cars
Lamborghini Organ Transport vehicle
A refrigerated box was one of the special tools installed in these customized cars. Recent efforts by the Italian police to deliver a kidney for transplant surgery took advantage of the speed of the delivery system. To transport a kidney for surgery, Italian police drove a Lamborghini Huracan at 230 km/h. After 5 to 6 hours of travel, the police successfully delivered the vital organ.
Lamborghini Winter Academy
Lamborghini Winter Academy
The Lamborghini Winter Academy may be of interest to Lamborghini fans or those who dream of driving fast cars. You will have the opportunity to race around a ski resort as you want to. A 5-700 horsepower Lamborghini can be driven in the Alps in winter on snow and ice. Alternatively, you could visit the Lamborghini Museum for a more sedate experience.
Italian museum dedicated to the Lamborghini family is located in Funo di Argelato (Bologna). This museum is open Monday through Friday for a fee of 15 euros. Take a virtual tour of the museum without ever having to leave your house! Another way to experience Lamborghinis is to drive someone else’s vehicle for a day on the track.
Lamborghini’s Huracan produced 14,022 units in 2019 after just five years of production, surpassing Gallardo’s record of 10,024 units in 10 years. As a result, the Huracan is Lamborghini’s most successful model ever in terms of sales. Lamborghini’s sales grew by 43 percent in 2019. 8205 cars were sold by the brand during the period. As of 2021, there are 7,221 total Lamborghinis around the world.
Films in which Lamborghinis are featured
Lamborghini Murcielago used in the movie Batman Begins
Certain cars, such as the Lamborghini, possess a certain elegance that is hard to find anywhere else. Cars are used in thrilling car chases that add to the excitement of a film or to portray the status of a wealthy character that is trying to impress. When they are used as props, their sleek and impressive lines are sure to turn heads no matter where they go.
Over the years, Lamborghinis have appeared in countless films. Lamborghini Diablo, used in “Dumb and Dumber“, is an example of this. “Big” featured the Lamborghini Countach, while “Transformers: Age of Extinction” starred the Lamborghini Aventador. “Batman Begins” also includes a Lamborghini Murcielago Roadster.
FAQ
Who is the founder of Lamborghini?
Ferruccio Lamborghini is the founder of Lamborghini.
Who is the present CEO of Lamborghini?
Stephan Winkelmann is the current CEO of Lamborghini.
When was Lamborghini founded?
Lamborghini was founded by Ferruccio Lamborghini in 1963.
The Internet has brought great revolutions in our lives. From being a medium of connection to a workplace, it serves every purpose. Undoubtedly, it is the most widely used social networking site. From kids to old-aged citizens, each one of us is present on Facebook.
With an enormous number of users, it is even expanding its services and features. Besides connecting people, it has even become a stage for blooming talent. It has even become a far-reaching market for business professionals.
Facebook becomes a $1 trillion company, as per the latest valuation on June 28, 2021, thereby becoming the newest company scaling such a valuation. This web application was founded back only in 2004, and now it has joined the $1 trillion club, matching shoulders with the other older companies like is a startling fact indeed!
Today’s Facebook has loads of unknown facts and figures.
Curious?
So, let’s dive into some of the never known before facts about our favorite social media platform!
Facebook – Company Highlights
Company Name
Facebook
Headquarter
California, United States
Industry
Social Media & Advertising
Founders
Mark Zuckerberg, Eduardo Saverin, Dustin Moskovitz, Andrew McCollum, Chris Hughes
The credit for founding Facebook goes to Mark Zuckerberg. He is even the CEO of this most popular networking site. However, Facebook wasn’t born at an instant. It was preceded by Facemash. Facemash was developed in 2003 when Harvard was in its second year at Harvard University. However, Facemash wasn’t a social media site like Facebook.
However, it grew popular soon. After this, Mark along with some of his friends created “The Facebook” in 2004. With time, even this new website grew popular and developers put more effort into it. The domain from “The Facebook” was changed to “Facebook” in 2005. “The” was removed later on
Facebook’s birthday
The date 4th February is widely celebrated as Happy Friends Day. Hence, Facebook was launched to commemorate the day. Facebook was at first used to connect with friends and relatives all across the world. We can also call 4th February the birthday of Facebook. It even serve the purpose of the day perfectly.
The Blue color scheme of Facebook
You must have thought sometimes why Facebook is blue? Was blue Mark Zuckerberg’s favorite color? No, that’s not the case. Mark Zuckerberg has been diagnosed with color blindness. He faces difficulty in identifying red and green colors. This is the first reason why Facebook is blue.
Facebook Logo
Blue is even the symbol of trust, peace, and security. Some people even consider this reason to be behind the blue color scheme of Facebook.
From ‘Awesome’ to ‘Like’
The engineers who had developed Facebook wanted the ‘Like’ button to be an ‘Awesome’ button. However, this was a proposal that wasn’t accepted by Mark Zuckerberg. Hence, finally, the ‘Like’ button was introduced on the site. This information finds its sources: the main engineer from Andrew Bosworth.
Can the founder of Facebook be blocked on Facebook?
No developer will like to be blocked on his platform. Just like this, even Mark Zuckerberg wouldn’t even like to be blocked on Facebook. This is why you can never block Mark Zuckerberg on Facebook.
You Cant Block Mark Zuckerberg on Facebook
The story of Chris Putnam
Chris Putnam serves as an engineer at Facebook. However, he wasn’t recruited through the normal procedure followed by Facebook? He along with two friends had hacked Facebook in 2006. The situation he created by spreading worms into Facebook profiles couldn’t be solved. At last, Facebook interviewed him and hired him as an engineer. He is popularly known as The First Facebook Hacker.
Countries with the highest user base
The India has the highest user base with about 330 million users. Following the India in United States, having about 190 million users. After this, is Indonesia with around 140 million users. Gone are the days when Orkut was the ruling networking site in Brazil and India. However, Facebook replaced Orkut within less time.
However, it might be surprising and sad for you to know that there are some countries where Facebook is banned. This ban is not temporary but permanent. These countries where Facebook is banned are China, Iran, Syria, and North Korea.
Facebook’s data storing capacity
Facebook has data centers where every minute of data of all the users is stored. From basic profile information to messages, Facebook has to store a really large amount of data. You will be amazed to know that about 300 Petabytes of data is stored by Facebook. (1 million Gigabytes is exactly equal to 1 Petabyte.)
Even if you go to write the history of humankind from day one and store it, you will need only 50 Petabytes. However, Facebook stores about 6 times this data at its data centers.
What happens when Facebook goes down?
Sometimes, like other brand popular sites, even Facebook goes down. It might be irritating for you to see this notification popping for you. However, even Facebook suffers major losses due to this.
It has been estimated that this popular site suffers a loss of about 30,000 USD for every minute when the site would be down. Such an incident had happened in 2014. Facebook had to bear the loss of 429,000 USD when the site was down for only 19 minutes.
Facebook in its early years
This most popular site had to go through lots of criticisms during its early years. From issues regarding its real founder to issues regarding the user’s privacy, Facebook had to stand out of lots of criticisms.
Does Facebook reward people?
Yes, Facebook rewards people who could detect security drawbacks in its products. The person should join the ‘Bug Bounty Program’ and report the bug or issue he/she detected.
When did Facebook reach the trillion-dollar mark?
Facebook was exactly 17 years and 3 billion users old when its valuation became $1 trillion on June 28, 2021. As soon as Facebook reached $1 trillion, it became the youngest company to achieve such a feat!
Some other companies that are capped at $1 trillion includes:
Amazon was founded in 1994 and reached $1 trillion in 2018.
Microsoft was founded in 1975 and achieved the feat in 2019.
Saudi Aramco was founded in 1933 and was billed at $1 trillion in 2019.
Facebook and its ConnectU connection!
ConnectU was meant to be a website that would help fellow Harvard mates to connect with each other. Now, as Zuckerberg was also a student of the same university and good with programming, Cameron and Tyler Winklevoss, Divya Narendra, and others from HarvardConnection approached Mark to join the team. They pitched Zuckerberg about ConnectU, a social networking website that would “make some waves on campus,” as they mentioned in 2003.
Little did they know that Mark would be founding thefacebook.com in the next year itself. In fact, it was after 50 emails that they found that Mark Zuckerberg was working on a different project.
As soon as Mark Zuckerberg launched Facebook it started getting recognition far and wide. Mark was insisted by many to sell out Facebook in 2006 when Yahoo offered $1B for the website but Zuckerberg has other plans.
He was only 22 back then and geared to make $300 million. Furthermore, he raised $15 billion the next year itself despite the pressure. Ultimately, Facebook remained independent to date.
Facebook added “Social” and became a “Social Network”
Facebook was a website and in September 2006, it launched the new “News Feed” section. This news feed officially added the badge of “social” of “social network.”
Sheryl Sandberg took Facebook to new heights
Mark Zuckerberg once said, “I never hire someone unless I’d work for them in an alternate universe.” He took Sheryl Sandberg onboard in March 2008, as the Chief Operating Officer.
Pre-hire revenue – $56 million Present revenue – $28 billion
Sheryl certainly contributed a major part to its success!
Mark Zuckerberg wore a tie to symbolize seriousness
Facebook was in its startup stage when the 2008 recession hit the markets. While in the wake of 2009 Facebook was yet to recover from the financial crash. Mark Zuckerberg has reportedly started the new year with a resolution where he decided to wear a tie to work every single day for 12 months to signify the year as a serious one for Facebook.
He didn’t miss it for a single day!
“The Social Network” catapulted the popularity of Facebook
The Social Network, the movie based on the real-life of Mark Zuckerberg and the birth of Facebook was set to be released in 2010, before which Zuckerberg felt apprehensive of the movie and believed that it would make him look bad.
However, after the movie was released, it was received well and though it didn’t make Mark look entirely good, he didn’t suggest hiding anything. The movie was a roaring success and further catapulted the popularity of Facebook!
Popular pages on Facebook
The most popular page on Facebook is its own official page ‘Facebook‘ itself. It has over 214 million followers. It is followed by the pages of Samsung with over 159 million followers.
The third most popular page on Facebook is the page of Cristiano Ronaldo. This soccer player has over 122 million followers. Mark Zuckerberg ranks fourth in this list with over 116 million followers.
The most popular type of content on Facebook
Millions of photos and videos are posted on Facebook in a minute. However, the most loved type of content is the videos. Each video is shared about 89.5 times more as compared to photos and text posts.
Companies owned by Facebook
To expand its business empires, Facebook has taken over the ownership of various companies. In 2012, Facebook owned Instagram for 1 billion USD. In 2014, Facebook owned WhatsApp for 19 billion USD. Today, Facebook owns about 82 companies worldwide.
How much time is spent by a person on Facebook?
About 58 minutes is spent by a person on Facebook. However, this does not imply that the person will take about 5 to 10 minutes to go through each post. On average, a person spends only 1.7 seconds going through a post. This time is very crucial for marketers as they have to gain the attention of their audience within this small time.
The growth rate of Facebook users
About eight to ten users sign-up to Facebook every second. This is why Facebook is the social networking platform with the highest user base.
Facebook’s engagement time
It had been noted that posts uploaded on Facebook within the time frame 10 p.m. and 11 p.m. EST result in 88% more engagement than posts uploaded at other hours. This has been regarded as the time most fruitful for marketers.
Internet.org
In August 2013, Facebook collaborated with six companies to avail network services better. In some countries, it was even made free. This service is known as internet.org. With about 50 million users from 24 countries, this has become popular among various people.
Internet.org website
Facebook in rural areas
Out of every four people, three people use Facebook in urban areas. However, this does not mean that Facebook isn’t popular in rural areas. About 66% of Facebook users in America are from rural areas.
Conclusion
However, this is not the end. The list can go on and on. It will be even more surprising for you to know that this social media site was used in the formulation of Iceland’s Constitution. Yes, it’s true. Iceland considers Facebook because most of its residents use Facebook.
While countless people are using Facebook, there are even pools of fake accounts. You should always beware and conscious of fake accounts. However, if any suspicious activity is detected, Facebook bans the account. Facebook is concerned about the security of its users. However, it even keeps a watch on the activity of its users for marketing.
Facebook is one of the most widely used platforms. Being present on a social media platform, one should be conscious about their activities. If used properly, Facebook can prove to be a boon.
FAQ
What was Facebook earlier known as?
Facebook was earlier known as Facemash.
When was Facebook launched?
Facebook was launched on 4th February 2004.
Is Facebook Banned In Some Countries?
Yes, Facebook is banned in countries like China, Iran, Syria, and North Korea.
Who was the first person who hacked Facebook?
Chris Putnam is the first person who hacked Facebook.
The widely famous web developer, Jack Dorsey is known as the co-founder of Twitter. He is counted among the top technology entrepreneurs in the world, which contains the illustrious names of Elon Musk and Steve Jobs.
But the brilliance of Dorsey isn’t limited to Twitter only, in fact, he acquired two major companies- Twitter and Square. And according to Forbes, this duality gives rise to Jack Dorsey with a net worth of over $4 billion.
Jack Dorsey is prominently known for co-founding Twitter in 2006 but his journey on the Twitter platform has been a hell of a ride. He had faced countless hardships throughout his tenure.
Jack Dorsey was born and raised in St. Louis, Missouri. According to some facts, Dorsey expressed his superior intelligence from a very early age. Yes, he was only 13 years of age when he designed the software for the dispatch routing. In fact, many cab drivers are still using this app for better mapping and smooth driving.
Dorsey’s prominent mobile payments company Square is also growing at quite a pace. According to Nomura Instinet sources, the company has beaten its biggest opponent PayPal in the race of fastest-growing digital payment company.
In this article, we have presented some of the very interesting yet lesser-known facts of Jack Dorsey. Let’s get started!
Jack Dorsey was Obsessed with dispatch communication services as a kid
As a kid, Jack Dorsey was fond of trains which later transferred into his obsession with emergency dispatch communication services. He always finds the voice of the police scanner very intriguing.
In an interview with the CBS program “60 minutes,” Dorsey said that whenever he heard the police scanner, the police always talked about where they are, what they are doing or where they are going and this is what gave him the idea of Twitter.
Jack Dorsey’s Morning Routine
Jack Dorsey has set Twitter in his morning routine. When he wakes up, the first thing he does is check the weather but soon after, he opens Twitter in order to check what’s happening in the world and where? This gives him a sort of idea of what is going on in the world currently.
Jack Dorsey has a Crucial role in Twitter advancement
Jack Dorsey has a very essential part in the development and advancement of Twitter. He was the CEO of Twitter until 2008 but, on 16 October 2008 Evan Williams took over the job of CEO. Currently Jack Dorsey serves as the CEO of Twitter. But as the co-founder of Twitter, his association with it didn’t end. Later on, in 2011, Jack Dorsey got the position as the board’s chairperson. And, he became the chairperson of Twitter Inc.
Jack Dorsey is Not an Affluent Communicator
Most people don’t know this, but Jack Dorsey is not an affluent communicator, especially when it comes to speech. In an interview with 60 minutes, he said, “People often find it pretty unsettling as I am a silent person. They intend to know my thoughts but I prefer staying silent most of the time.” He added, “I am no expert when it comes to public speaking or even individual conversation. I am a silent person and that’s my basic nature.”
Jack Dorsey does not consider himself a Nerd
Jack Dorsey finds it very insulting when people call him a nerd. Once in an article of Forbes, they addressed him as a nerd. Although the article was pretty intriguing, Dorsey wasn’t pleased with it all. He mentioned, “It’s very offensive that people find me more of a nerd than Steve Jobs. I think they do because I am a programmer and that isn’t a sign of a nerd.”
When Jack Dorsey was fired from his own company in 2008, he went to speak with Facebook CEO- Mark Zuckerberg. Dorsey’s Twitter story went pretty viral, reported by Nick Bilton as “Hatching Twitter: True Story of Power, Friendship, Money and Betrayal.”
Mark Zuckerberg almost hired Jack Dorsey but due to the lack of a distinguished role, Dorsey couldn’t join Facebook. This is briefly described in the book by Nick Bilton.
Jack Drosey is a College Dropout
Like most of the brilliant minds and developers, Jack Dorsey is also a college dropout. Dorsey started attending the University of Missouri-Rolla but after two years, Dorsey got transferred to New York University. When one semester was left of his graduation, Dorsey dropped out of New York University, according to STLToday.
Later, he moved to the West Coast where he found the idea of Twitter.
Jack Dorsey Doesn’t have any Desk at Square Headquarters
We often expect the CEO and chairman to have a big glass office with a fine desk but, you’d find it pretty odd that Jack Dorsey as being the chairman and CEO of Square doesn’t have an office or even a desk. Yes, Dorsey prefers working freely on his iPad while roaming around the office.
Square, San Francisco Headquarters
When asked, he told “60 Minutes” that “Its always self-awareness and intriguing to know that other people are working their best here, it’s not just you.”
Jack Dorsey has always been brilliant and there was nothing that he couldn’t do, even as a child. He used to work as an intern at the age of 15 in Jim McKelvey’s software company, Mira Digital Publishing. Jim McKelvey was pretty impressed with Dorsey’s performance. He even used to call him “Jack the Genius.” Later, Dorsey along with Jim McKelvey founded a payment company, Square.
Jack Dorsey is an admirer of Architecture and Cities
Very few know that Jack Dorsey is a great admirer of cities and their architectures. In an interview, he said, “My favourite activity of a Day is scrolling through the urban areas. I found its architecture very fascinating and admiring.”
Jack Dorsey often wanders around the streets of San Francisco and New York.
Conclusion
The 41-year-old Jack Dorsey has put great efforts and work into the advancement of Twitter. When he was fired from his social media network, Twitter. He didn’t stop, instead, he focused on invention and later returned as the chief of Twitter seven years later.
Meanwhile, his other prominent payment company- Square succeeded more vibrantly. Jack Dorsey is a brilliant person with great ideas in mind. Each day, he moves a step closer to the advancement of the next level of technology. And people often find it very interesting knowing the rare facts about him. Thus, we presented this article. Stay tuned for more updates.
FAQ
Does Jack Dorsey have a degree?
Jack Dorsey never graduated college but He briefly attended the Missouri University of Science and Technology and then transferred to New York University.
What is the net worth of Jack Dorsey?
The net worth of co-founder and CEO of Twitter is US$15 billion as of 2021.
What companies does Jack Dorsey own?
Jack Dorsey has been CEO of both social media firm Twitter and small business payments company Square since 2015.
The youngest self-made billionaire in India, Nithin Kamath is the CEO and co-founder of the largest stockbroking company- Zerodha in India. Zerodha is quite a prominent company that started in 2010 as a brokering business.
Later, Nithin Kamath along with his brother Nikhil Kamath built the company into a huge fintech independent business whose valuation is now marked as 1 billion dollars. Nithin Kamath has always been absolutely devoted, determined and daring with his business. He never missed a step to success! That’s the sign of a true entrepreneur and catalyst for development.
Nithin Kamath entered the world of the stock market at the age of 17. He has been a trader for all time. Many ups and downs came with the territory but Nithin Kamath has always been uptight with his work. From earning Rs. 4 lakh by just being in college to losing the entire money in a chance and ended up working in a call center on a monthly pay of Rs. 12,000. He has seen it all in little time.
Moreover, Nithin Kamath is also the founder of Rainmatter which is a fintech startup fund as well as an incubator in order to contribute to India’s capital markets ecosystem. In this article, we have discussed some of the very interesting and lesser-known facts about Nithin Kamath. Stay tuned!
Nithin Kamath dropped out of college at the age of 14. Then he joined a two-year chess career, playing both international and national levels.
In an interview with CNBC, he said, “As I dropped out of college I didn’t have a degree so it would have been very tough to get a job. That’s why I chose a career that did not require a college degree.” He also added, “Chess is something that teaches you how to move in a structural system and also, how to be creative and smart.”
Nithin Kamath is an avid reader
Very few know this, but Nithin Kamath is an avid reader. He is a self-professed bibliophile. His favourite Book is Market Wizards written by Jack Schwager. In fact, he has more than 500 books. And said, he reads at least one or two books every week. This keeps him calm and fresh to new thoughts.
Nithin Kamath lost almost Rs 5 lakh during his teenage
When Nithin Kamath was in his teenage years, he lost almost Rs. 5 lakh. Obviously, this is a huge amount for a teenager. But he kept on moving, he didn’t pack up his career in trading.
To cover this up, he joined a call center during nights at the monthly pay cheque of Rs. 12,000. He used to trade in the daytime and then, get back to his duty at the call center in the night. This continued for a few years until he met an American HNI. He appointed Nithin with a cheque to manage his money. He took the job and managed brilliantly.
Nithin Kamath owns True Beacon
Nithin Kamath along with his brother Nikhil Kamath owns another company that is an investment management firm– True Beacon. This investment management firm is known as the ecosystem of copyrighted products, services of capital markets, management and advisory for portfolios and tailored programs for different strategic investors. These have been intended for India’s public and private markets.
How the Events turned from Call Center for Nithin Kamath
When Nithin Kamath was working in the call center, two major things happened to him. First- he met his wife Seema Patil, with whom he married and have a son together.
Nithin Kamath with his wife Seema Patil
Secondly, he along with his younger brother Nikhil Kamath started their careers in trading together in 2010. After 11 years of working together, the two brothers transformed the Indian trading system with their brilliant flat fee model. With this, they got to be at the top in the market.
Nithin Kamath re-build his career in trading along with his brother Nikhil Kamath and together they gained absolute success.
Nithin Kamath is a big Fan of music and Sports
Nithin Kamath is a big fan of music. Whenever he gets too busy with his working schedule, he takes some time out and sings while playing the guitar. This calms the chaos of work and keeps his mind smooth. His favourite song is ‘Zindagi Kaisi Hai Paheli‘ from Anand (1971).
He is also a big passionate sports lover. He loves to play basketball, snooker and poker and he is pretty good at it. Besides, Nithin loves cycling, swimming and running as well.
In the Zerodha company video of 2017, Nithin Kamath mentioned that he started his trading career at the age of 17. He said, “I joined trading as an active interest in the stock market. My brother and father were already in the stock market investing. Then I too joined them and as I won the first bit of money, I got more interested in this and the rest is history.”
Nithin Kamath has several unique techniques and approaches towards trading. He called it ‘the infinite sky, without a ceiling’, in an interview with Arabian Business a year earlier.
He added, “When you become a good trader, you keep on investing and making the money out of it. There is no limit to scaling and that’s the thing that attracted me most towards it. Also, you do not need a proper qualification for trading in the stock market. You can gain your knowledge from any source you like. You can come up with your theories and tips and become a good trader all by yourself.”
Conclusion
Nithin Kamath had worked really hard in making Zerodha what it is today. He is a college dropout hence, does not have any proper study or guidelines in finance. But, still, he managed to gain the knowledge required from all possible sources. He is fond of books which helped him a lot. Trading has brought great balance in his life and he along with his brother changed the entire Indian trading system. They went on the top and remained there as true entrepreneurs and businessmen.
FAQ
Is Zerodha a unicorn?
Zerodha founded by Nithin and Nikhil Kamath entered the unicorn club with a self-assessed valuation of about $1 billion on June 2020.
What is the net worth of Nithin Kamath?
Nithin and Nikhil Kamath are the wealthiest entrepreneurs under the age of 40 in India with a wealth of ₹24,000 crore.
How much does Nithin Kamath earn?
Zerodha co-founders Nithin and Nikhil Kamath to get Rs 100 crore annual salary.
After Bill Gates and Steve Ballmer, Satya Nadella is the third person to ever become the CEO of Microsoft. Satya Nadella has achieved great heights of success in his career, and being the CEO of Microsoft has taken him to the next level of achievement. He has briefly described his life journey throughout the book ‘Hit Refresh’, which he authored.
He became the CEO of Microsoft in 2014 after Steve Ballmer. Satya Nadella is married to Anupama and together they have three children; one son and two daughters. Satya Nadella’s residence is in Clyde Hill and Bellevue, Washington.
Before this enormous promotion, he worked as the executive vice president of Microsoft’s cloud and enterprise area. All over, he managed the responsibility of Microsoft’s computing platform.
Ever since 2014, Satya Nadella has worked remarkably well and took Microsoft to some great advancement and also brought potential companies and technology to work with. Microsoft received many generous and successful acquisitions. The first-ever major deal cracked by Satya Nadella as the CEO was of Mojang (a Swedish game company) which was worth $2.5 billion.
In this article, we will discuss some of the unknown and interesting facts about Satya Nadella that you must know. Let’s get started!
Satya Nadella served 23-years in Microsoft before becoming the CEO
Most people don’t know this, but Satya Nadella has served 23 years at Microsoft before becoming the CEO. During these 23 years, he worked in various executive-level roles such as Microsoft’s Server and Tool division management. In this position, he gave rise to many billions of revenue, especially in the Cloud and Enterprise group.
Satya Nadella married his childhood sweetheart Anupama, who is the daughter of his father’s friend.
Anupama and Satya had also been College mates although Anupama was a year junior at Manipal, where she pursued B. Arch at the Faculty of Architecture. The couple got married in 1992, the same year when Satya Nadella joined Microsoft. They have two daughters and a son.
Satya Nadella Transformed Windows Live Search into Bing
The most incredible work by Satya Nadella when he transformed the Windows Live Search into Bing. This serves as the backbone to a fancy range of Microsoft Services internationally.
Moreover, Satya Nadella is also credited for directing the team which created Office 365, SkyDrive, Xbox Live and many other Microsoft Cloud applications.
Satya Nadella has a Legendary Belief for Computing
Satya Nadella always believed that Computing extended far beyond the Computer. He has always stood by this and developed many brilliant programs. In fact, when he became the CEO of Microsoft, he addressed the employees with the first email as “This is a software-powered world.”
Bill Gates Mentored Satya Nadella
Bill Gates with Satya Nadella
This is known by very few that when Satya Nadella took over the job of CEO of Microsoft in 2014, Bill Gates re-joined the company to guide and mentor Nadella personally. He joined as the personal mentor of Satya Nadella.
Satya Nadella Loves Poetry
Satya Nadella is fond of poetry. In fact, his official Microsoft’s profile has mentioned poetry as one of Nadella’s hobbies. Satya Nadella is passionate about Indian and American poetry. He expresses them as code for long sentences with great emotions. He deeply compares the verses to coding.
Satya Nadella is a great inspiration for the students at the school where he completed his schooling, Alma mater. Times of India noted that the students follow him deeply and get really inspired.
Satya Nadella came in the Spark Program at the Hyderabad Public School (first chosen for this program). In this program, the team utilised Microsoft materials and software to help and guide the young Indian students to kickstart their careers in tech.
Satya Nadella met with many government officials for the purpose of improving IT education in schools all over India.
Satya Nadella is a massive cricket fan
Satya Nadella is a massive Cricket fan
Satya Nadella is a massive cricket fan and also said, it inspires him in the way he does the business. Cricket has made a great impact on Nadella’s life. He told this in an interview with Hyderabad’s Deccan Chronicle. He mentioned that he used to play Cricket in his school- Hyderabad Public School. This taught him great values but most of all, how to manage a team and leadership. This helped him a lot in his career.
Satya Nadella is the most Powerful Indian-born tech Executive
Satya Nadella is known to be one of the most powerful Indian-born businessmen in the world. According to a report by Reuters, when Satya Nadella became the CEO of Microsoft in 2014, he became famous as the most influential and powerful Indian tech executive in the world.
Furthermore, he joined PepsiCo CEO Indra Nooyi among the Indians by becoming the most prominent and widely famous in the world and reaching the top American cooperation companies.
Satya Nadella has worked with great devotion towards Microsoft. He is taking the company to a next level of advancements and development. In Nadella’s book, he mentioned how he saw a different level of upgradation in Microsoft through the HoloLens device.
He said that it holds many potential realty holdings. And so artificial intelligence and quantum computing are also developing brilliantly. The Microsoft team is working with excellent speed and plan to prepare for the more uprising future of Microsoft.
Satya Nadella is the perfect personality for the CEO of Microsoft and no doubt in the upcoming years, we will see more growth and advancement in Microsoft.
FAQ
What is the monthly salary of Satya Nadella?
The monthly income of Satya Nadella is $3 Million.
What is Satya Nadella leadership style?
Satya Nadella believes in the power of positive leadership and uses terms such as “growth mindset” and “empathy” that are reinforced by action.
What is Satya Nadella net worth?
The estimated Net Worth of Satya Nadella is at least $658 Million dollars as of 2021.
Netflix is currently one of the biggest OTT platforms in India. It was founded in year 1997, in United Sates by Reed Hastings and Marc Randolph. Netflix has a very interesting past that needs to be Explored, so Here are 20 interesting facts about Netflix that you need to know.
Netflix subscription saves you from 160 hours of advertisements. Before Netflix, an average individual used to spend around 160 hours of his time watching an advertisement on his subscribed television channels.
Awards
In 2018 Netflix won more Emmy awards than HBO. When Netflix started creating its original content everyone doubted the quality but in 2018 it won more Emmy awards than HBO. HBO had been winning the most awards at the annual television awards ceremony for the past 17 years.
Most Watched Movie
In 2017 a Netflix Subscriber watched the movie Madagascar 352 times. It is more like watching the same movie every day the entire year.
Netflix’s DVD service
In 1999 Netflix started offering subscription-based DVD service. Even now around 2.7 Million people subscribe to Netflix’s DVD service.
Netflix DVD Service
Own Subscriptions
Netflix allows you to share your account with your friends and most probably you would even have subscribed to a Netflix account pooling in money with your friends. But still, 55% of the Netflix users pay for their subscriptions.
In the first half of 2019 Netflix generated the most amount of internet traffic which accounted for 12.9%. It was 0.6% more than the traffic generated by Google.
Netflix Internet Traffic 2019
First Film
Netflix’s first film was called the Example show. It was made to test the frame and the quality of the film. Example show was a short-film which had strange and random scenes put together.
House Calls
Netflix’s employees had to make house calls in the beginning. People living around the California area used to receive house calls for taking a survey. They used to collect the data to know which titles to add next to their library.
Web Series
In the web series ‘The Witcher‘, Henry Cavill the actor has done all of his stunts. Also the web series ‘Sex Education‘ was filmed on purpose to depict the school culture of the British and the U. S.
Netflix used to pay $300 Million to Disney to stream its content. Disney used to play Netflix’s content before the release of Disney+.
Smart Tv
Smart TVs are being more and more common in recent years. It is observed that 80% of the Netflix Subscribers are using their services on their Smart TVs.
Kibble
In the early days, the company found it hard to find a name. The co-founder Marc Randolph suggested the name “Kibble”. It was a temporary and the first name of Netflix. Later the company was renamed as Netflix.
American Households
Netflix subscriptions have grown exponentially from 2010. In 2010, the number of American households who owned Netflix was 16%, and in a decade, it increased to 62%. Almost two-thirds of American households own a Netflix account.
Tesla
The CEO of Tesla, Elon Musk had informed that you could stream Netflix in your Tesla car from 2019. This feature can be used only when the car is safely parked. This keeps the passengers entertained while waiting for their cars to charge or waiting to pick someone up.
Netflix can be streamed on Tesla
Title Recommendations
Most of Netflix’s subscribers watch popular shows. But 80% of Netflix’s subscribers watch the recommendations given by the algorithm.
Netflix’s users will have at least 6 titles they have watched it in common. Netflix finds this as a common factor in its large user base.
Blockbuster
In the year 2000 Netflix was about to sell it to Blockbuster for $50 Million. The company thought it was the right decision as they didn’t have enough money to survive. Blockbuster later rejected the offer and now Netflix is the largest OTT platform.
Award Shows
In 2013 Netflix had released its own award show called the Flixies. It was a fan-based awarding, Netflix subscribers could choose the nominees and winners through voting in numerous categories. This was just an experiment done as a promotional strategy.
Special Socks
Netflix designed a special sock that detects when you fall asleep. The socks will automatically pause your show so that you don’t miss out on any part of it. It has some electronic devices which will detect your pulse and do the work.
Tv and Cable Networks
Currently, Netflix has a greater number of subscribers than any other Tv and cable network in America.
FAQ
Who is Netflix main competitor?
Amazon prime video is the main competitor of Netflix.
Who refused to Buy Netflix?
In the year 2000 Netflix was about to sell it to Blockbuster for $50 Million, but Blockbuster rejected the offer.
Who is the CEO of Netflix 2020?
Ted Sarandos is the current CEO of Netflix and has also been elected as board of directors of Netflix.
Conclusion
Netflix is the leading OTT platform that has increased its subscription base over the years. It has made a majority of the individuals change from the traditional Tv and cable operations. Netflix in India is growing exponentially. The subscription rate of Netflix has been increasing among the Millennials.
LinkedIn is known as one of the most prominent social networking site for the professionals around the world. These facts and statistics based on LinkedIn will guide you to successfully use the site for your benefits. The users of this platform can create online resume, list out their current and previous job roles, and most importantly their skills and education. This site connects the LinkedIn members to the jobs available based on their criteria. The LinkedIn website also allows its users to be endorsed by other users for their individual skills.
The members can also further join professional groups that are relevant to their interests. LinkedIn also allows business to create their companies profiles and put out their current vacancies. Giving the members an opportunity to apply for these positions directly through its interface. It also provides a platform for publishing with the thought of facilitating leadership in the business world.
Demographics are further divided based on sex, age and geographical location
The LinkedIn user distribution worldwide.
Age:
37% of the users are from the age group of 30 to 49 years old, 28% of them are 18 to 29 years old and 24% of them are 50 to 64 years old while 11% of them are above 65 years old and above.
While marketers can only reach 12% of people aged 18 years or older with the help of adverts on LinkedIn.
37% of the American adults and 51% of US college graduate are on LinkedIn.
Out of the 2 billion millennial globally, 87 million millennial are on LinkedIn with 11 million in decision making positions.
Sex:
57% of the overall users are males and 43% of the overall users are female.
29%of LinkedIn users are males and 24% of the users are females in an average session.
43% the LinkedIn ads audience is female while 57% of their LinkedIn audience is male.
Geographical location:
LinkedIn is spread out to more than 200 countries while representing 30 companies from all over the world by 2019.
33% of the users come from urban areas while 30% are from suburban and 10% from the rural areas.
The countries with the greatest reach are: USA (167,000,000), India (64,000,000), China (50,000,000), Brazil (41,000,000) and UK (28,000,000).
More than 70% of LinkedIn users are from outside the USA.
LinkedIn has an overall of 675 million users from all over the world, while 310 million of them are monthly active users. 38.6% of the LinkedIn traffic comes from the countries like US with 38.6% and India with 16.8%.
Other facts based on the users of LinkedIn
Out of those 4% of them engage on a daily basis. While most user only spend 17 minutes on LinkedIn per month.
According to the study done by Pew Research Center 2018 Social Media Use study, LinkedIn is popular among youth as 50% of the college graduates in the USA are LinkedIn users.
44% of the LinkedIn users in the US take home more than $75,000 per year which about their national medium.
Although the US has most LinkedIn users at 167 million, 70% of the LinkedIn users come from outside the US.
Linked in has 2 new members every second, but their goal is to reach 3 billion users and also to be the hub for every job posting across the estimated 70 million companies worldwide.
LinkedIn profiles that have photos get 21 times more views and 36 times more messages.
LinkedIn users spend an average of 10 to 20 minutes on the site regularly; visiting 8 to 9 pages.
122 million users have been invited to an interview through LinkedIn, with 35.5% million getting a job through someone with whom they are connected.
In 2016, Microsoft acquired the company for $26.2 Billion after recognizing the value of LinkedIn. Since its acquisition, LinkedIn’s Financial have been consolidated with Microsoft’s. However, unlike other social media platform that rely on advertisements for revenue. LinkedIn services are something that users are willing to pay.
The annual revenue amounted to almost 6.8 billion U.S dollars.
In 2018, it contributed $5.3 billion in revenue. In 2019, revenue increased by 27%.
Linked generates more than $454.000 per employee.
Most of LinkedIn Revenue is generated from three of its main major services
Talent solutions:
Before the acquisition of the company in 2016, 65% of third quarter revenue, totaling $960 million which came from recruitment services called Talent solutions. This service helped companies in hiring employees and learning and development (L&D) to the existing employees of the company.
Marketing solutions:
This solution provides a platform for the companies to advertise to LinkedIn users. In 2016, it accounted for 18% of the total revenue or $109 million from the combination of advertising to the online marketers and the sale of sponsored updates posted to a target audiences within the members of the LinkedIn feed.
LinkedIn Premium:
The four tiers of LinkedIn Premium
A total of LinkedIn users pay for LinkedIn Premium which now has four price tiers:
Premium Career – meant for those looking for job opportunities in any field. It includes in mail messages per month and in demand videos, as well as the ability to see who viewed your profile. The monthly subscription fee is $29.99/month and INR 1400 per month.
Premium Business – This service gives you additional information about business and unlimited people searches. The business owners, MSME and Startups prefer this as it’s pretty much a pocket friendly option for them. The monthly subscription fee is $59.99/month and INR 1900 per month.
Sales Navigator pro – This allows the user advanced search filters, access to different sales tools and the ability to make notes on the user profiles. It is mostly chosen by the companies who lookout for some good quality leads through LinkedIn products. The subscription fee is $79.99/month and INR 3900 per month.
Recruiter Lite – This service suggests them the top recruiters especially associated with the MNC’s go for this plan. The main purpose for them is to get a good amount of job application for the opportunities they have. The subscription fee is $119.95/month and INR 5000 per month.
LinkedIn is the No. 1 B2B marketer because it distributes content at 94%. It makes up more than 50% of all social traffic to B2B websites and blogs. Only 3 million users share content on weekly basis, while 1 million users publish an article on LinkedIn.
Content marketing done by LinkedIn
97% of B2B marketers utilizes it for their content marketing efforts.
The professional content posted gets 15x more content impressions than job postings with 57% consuming content on mobile.
280 billion feed updates are viewers annually.
92% of the B2B marketers includes LinkedIn in their digital marketing mix.
If the posts are split into 5, 7 or 9 headings perform the best on the site.
The articles titles between 40 to 49 characters perform the best on LinkedIn.
The articles perform better without video than compared to the ones that contain a video in them.
45% of marketers have gained customers by using this platform, 65% of the B2B companies have LinkedIn paid ads services to acquire customers
80% of the B2B leads come from LinkedIn then compared to 13% from Twitter and 7% from Facebook.
In LinkedIn the content that gets the most shared are the long form of content.
It is an effective platform for lead generator and customer acquisition. It is even 277% more effective than Facebook in generating leads.
Last but not the least LinkedIn is the most top rated paid social media platform with 76% of B2B content marketers using it.
Dropshipping is a method for the retail of items in which the retailer acts as a middle man. The store does not keeps stocks of products, but transfers the orders of their customers to a wholesaler, the manufacturer of the product or another retailer and the order is shipped directly to the customer from them.
Many e-commerce giants in today’s world started with dropshipping. The best example is Amazon. Dropshipping is better for you than other businesses if you want to enter the e-commerce field in your future. But, there are many facts about dropshipping that people generally do not know about. In this article, we will discuss some of these unknown facts about dropshipping and how these may affect your dropshipping business.
Unknown Facts about Dropshipping
The common belief of some people is that dropshipping stores only sell cheap or low-quality products or products that they want to sell in bulk. But this idea is wrong. In fact, you can sell anything you want. You can sell items such as unique or expensive items and imported products on your dropshipping stores as long as there are customers who want to buy them. This relies only upon your preferences and the customers’ need. Many businesses and companies nowadays allow dropshipping stores to sell their products.
But, another thing to keep in mind is that not every company or store you approach will allow you to sell their products on your dropshipping store. Many of these have tie-ups with e-commerce websites or other dropshipping stores and may be unwilling to give you a chance. This is one of the biggest problems about dropshipping that it is hard to get suppliers for your store. But don’t lose hope. If you put enough effort and have patience, you will find someone who will give you a chance.
Many stores will break your relationship with them if their products do not generate enough sales in your store. Like in any other business, it will take time to gain the trust of your suppliers and to maintain a good relationship with them.
People think that they need extreme coding skills and abilities or that they will need to hire a professional developer for the creation of their dropshipping website. But this is wrong. There are many platforms available that will let you create your own online store with no requirement of tech. Some of the famous ones are Shopify, BigCommerce, and Wix. The creation of a good website is the first step in starting your dropshipping business.
Guide To Use Shopify For Creation Of Online Dropshipping Store
You should use the power of social media for advertising your products. The proper advertising of your products will increase the number of your customers many folds.
You should never make dropshipping your main work. Open a dropshipping store as a side business. In the beginning, you will only earn small amounts of money as the margin of profit in this field is very low. Even if your online store has become a very big one, it is not a guarantee that it will generate large revenues forever. So just stick to your primary work and let the dropshipping store be your side-business which you can use to either gain some experience or to earn a few extra bucks.
The competition in the dropshipping business has been increased significantly in the past few years. Therefore, it is not an easy task to establish your own dropshipping store among a crowd of them who have already established themselves. The key is to provide your customers with good support service and good quality products and to answer every need of your customers.
You will need to do a lot of research on products that will be of a greater profit for you and which are in demand at the time. In other words, you need to study the demand patterns of your customers. For example, in current times, the products that are in huge demand are protective face masks and hand gloves, hand sanitizers, and more.
You will need to analyze the statistics of your customers by using tools such as Google Analytics. It will tell you about the locations with the highest number of your customers, the average age group of your customers, the percentage of male and female customers on your store. It will also give you details about which of your products are getting the highest engagement and how many people visit your website each day. You need to use this knowledge to improve your store.
You should be able to provide good customer service to your customers otherwise, you may lose them. Some of the areas in which customers may require support are the Delivery status of their product/s, re-availability of goods, shipment details of their areas, etc.
Conclusion
The bottom line is that the dropshipping business may prove useful to you in terms of experience and revenues. But you must not fully rely on it as a full-time business. The above facts are either unknown to people or they ignore it. But these facts must be considered if you have or are planning to open your own dropshipping store. Have a little patience and consistency, and your dropshipping online store will flourish and grow and reach new heights.
Niharika Kalyankar
