I Spent 30+ Days Studying A Programmer Who Built a $230 B Company After Quitting His 9-5 — Here Are His Weird Rules To Build a Startup
Until 1999, Marc Benioff had been with Oracle for more than 10 years.
He had a lucrative salary and addictive stock options.
But since 1996, he wanted to do something of his own. For the last 3 years, he has been thinking about getting out of corporate life.
A sabbatical from work and a trip to India helped him gain mental clarity. He realised that he wanted to build a business through which he could give back to the world.
In 1999, he started his company Salesforce.com.
By 2009, he drove Salesforce’s revenue to over $1 billion.
In the past, I’ve spent over 30 days exploring his journey to build Salesforce.
Here are some of the startup lessons I learnt from him.
- Position yourself as a revolutionary; People love to buy products from someone who is revolutionary.
- Even if the person you admire misjudges your worth, continue to believe in yourself.
- Act confident, even when you’re not.
- Provide a platform for your customer to share their insights regarding your product.
- If your software could help companies increase productivity or sales by 4–5%, your product is worth a billion dollars.
- You never know how someone else who listens to your ideas might help you.
- Don’t be afraid to take time off when you need it.
- Think big even if you are still small.
- Leveraging the success of your customers should be one of your marketing plans.
- With high-ticket products, you need to give a free trial. A free trial will help you plant a seed in the customer's mind.
- In the B2B segment, don’t try to capture the entire company at once. Start with just a small division.
- If you going to call a customer, call them with a plan.
- An attractive and unique website will be 100 times more effective than a direct marketing campaign.
In this short ebook, I have discussed seventeen of his weird strategies in detail.
I also discussed how you can utilize his strategies to build your startup.
Here are some of the reviews for this content I have published earlier on other sites.