5 Secrets of Jack Ma Success, The Richest Man in China

The richest man in China as well as owner of Jack Ma Alibaba.com before achieving success with the e-commerce giant company he founded has been several times through various failures and difficulties long enough.

But thanks to his perseverance, he has now turned into a very successful person and is ranked seventh as the world's richest man in the technology field of

In the past year, he recorded a revenue of US $ 23 billion. His name is also listed as the richest man in China.

So what are the secrets of a Jack Ma's success to make him one of the world's richest men? Here are five keys to success as reported by Inc site:

1. People need to trust you

From employees to investors, people put a lot of desire on you, so people have to trust you. Ma says that trust is an integral part of Alibaba's success.

"These beliefs make us united," he said. "As many as 18 investors trust me, and because they trust me, I have to be very loyal to them and faithful to the mission they have."

According to him, the trust and mission of the company given to him is the most valuable thing that must be maintained.

2.Forget the competition, focus on your customers

Ma is not too worried about Alibaba competition. All that Alibaba does depends on customer needs. The reason is simple, that is to keep customers in the long run, customer satisfaction must be in accordance with the decision you make.

If the customer says 'Jack you have to build more warehouses,' then he will try to build a warehouse, it is done not because there is money, but all he does is necessary.

When asked who he saw as Alibaba's competitor, Ma said that he did not know. "As an entrepreneur, do not look at your neighbor as a competitor, do not focus on your competitors, because it's too small, but focus on your customers, because making happy customers is important," he explained.

3.Think your business globally
For Ma, the future is global. He believes small businesses must operate internationally in order to survive in the long run. "If you do not try to globalize your business over the Internet, you may not have a business opportunity," Ma said.

He argues that local businesses will be more competitive. Therefore he will continue to encourage small businesses to think about how they can sell products around the world.

4.Employ young people and smart people
When he was younger, he claimed no one gave him a chance, so now he has to give young people a chance. Young people usually do a much better job.

He argues that personal inheritance is less important than building a team that will survive and give them a chance to do it. Ma also said that she hired someone smarter than her because she knew that was best for her company.

5.Keep walking
Ma's final suggestion to entrepreneurs in a way reflects his own journey in Alibaba, ie keep walking with full perseverance because it is necessary. "Today is very difficult, tomorrow is difficult, but rest assured that the day after tomorrow is very beautiful," he explained.