Facebook is a website that has changed the world.
But if could have been a very different story.
In fact, the odds were against it from the start.
For one, Facebook was not the first social network by any means.
MySpace pretty much had this area wrapped up and offered more features.
Secondly, Facebook was built by just one guy in his dormroom.
It had no big money behind it and there was no reason for it to take off.
And yet it did.
So, if you’re looking to create your own visionary service or product, the question to ask is: why was Facebook such a success? And what can you learn from it?
How Facebook Used a Slow Roll Out to Conquer the World
One of the most notable aspects of Facebook’s launch is how it had a slow roll out.
Rather than simply releasing to the world on day one, Facebook was initially only available for Harvard students.
After a while, it became available to select other colleges.
Eventually, it went international.
Then it let businesses in.
You get the idea…
This is likely a large part of what made Facebook so successful.
Imagine if it had gone live around the world on day one.
Why would you sign up to a social network with no one on it? It would seem empty.
But by launching in Harvard first, Facebook had much more modest aims.
It would be much easier to get a majority of that population, at which point it would look like a success.
Why would someone on MySpace already join Facebook? Because it was built for them.
Of course, word would get out though and when other colleges heard about Facebook, they’d want it too.
It’s human nature to want what you can’t have, especially if it feels new, exciting and exclusive.
When Facebook opened up to other prestigious colleges, they had already heard of it and they already had friends from Harvard on there.
And this process repeated each time the site expanded further.
Thus, by the time that it had opened up to the general public, Facebook was already a phenomenon.
Learn from this.
If you launch a service like this then keep it exclusive at first and then roll it out.
Running a beta test is a great way to do this and especially because it gives you the chance to iron out bugs and test your idea!
👍 Top Traits of Visionary Entrepreneurs
What does it take to be an entrepreneur?
Moreover, what does it take to be the truly visionary kind of entrepreneur who has an idea that really shifts paradigms and changes the world for the better?
The answer will depend on who you ask.
But here are a few things that most people will agree are fairly important…
There is always an element of risk involved when launching a new idea.
Even if that idea doesn’t involve financial risk, you’re still putting yourself on the line and there’s still a chance that your idea won’t sell or that it will be laughed out of the room.
You need a thick skin and you need to be willing to fail.
More important than the willingness to fail even, is the willingness to get back up again when you do.
Almost every successful entrepreneur will fail multiple times before they eventually succeed but it’s because they keep on trying that they eventually get their win.
You only need to succeed once.
Of course, it goes without saying that an entrepreneur needs to be inventive.
They need to be able to spot opportunities and come up with new ideas that others miss.
This is something that you will be born with (or not) to some extent, but there are certainly things you can do to encourage yourself to get more creative in your thinking.
Okay, you don’t have to be old to be a successful trait.
But I wanted to include this just to make a point – which is that you don’t need to be ‘hip and young’ to have a successful startup.
In fact, most successful businesses are started by people in their 40s or older.
So, don’t count yourself out of the race just because you’re not in your twenties!
Another myth is that the entrepreneur is not a team player – that they act solo.
In reality, entrepreneurs almost always surround themselves with strong teams and credit this with some of their success.
Perhaps the most important trait of all is that an entrepreneur be passionate.
If you don’t believe in your product or service, if you don’t feel incredibly excited about it, then you won’t have enough drive to see it through to completion.
Moreover, you won’t be able to win over other people and get them excited for it.
Excitement is contagious – so don’t follow through with something that you find dull or uninteresting.
Ola, Thank you for your visit, we hope to see you again in this blog, as a thank you we give you this ebook for you to enjoy…