Success is in understanding people at the maximum level and exploiting upcoming opportunity at the right time. However when dealing with people it requires immense communication & leadership skills to present the idea, positively influence or educate them, creating or fulfilling the demand in the market and lead the team to achieve the established but realistic objectives.
Generally it is a misconception that only extra ordinary people can come up with market oriented ideas and are successful in business. Let’s look around to find some recent success stories where ordinary people have achieved extraordinary things by creating their products i.e. Facebook (launched in 2004) and YouTube (launched in 2005). Internet savvy people are familiar with both names and Alexa ranks YouTube as the third most visited website on the Internet, behind Facebook (on second position) and Google (first position).
Facebook as we all know, a social networking service, was launched in 2004 and within 6 years they have 500 million active users and estimated profits of $800 million in 2009. Where as YouTube is a video uploading and sharing service claimed to receive 65,000 new videos every day and 100 million video views per day in just one year after officially launched and recent past data published shows 14 billion videos viewed in May 2010.
From the pragmatic approach, both ideas are very basis and have nothing fancy as far as they are concerned. But both ideas were conceived from the real world problems or needs where creator(s) found it imperative not to ignore the importance of collaborative culture and freedom of expression. Throughout these years, the Internet medium has encouraged collaboration and freedom and made it a true essence of its success and popularity by allowing people to use this medium freely without any censorship and to share information within internet community.
Facebook and YouTube are both technology innovation and is surely the by-product of Internet. The people initiated the concept were technically sound, highly motivated with clear understanding of the magnitude they are trying to achieve or may be just a part of it and were committed to influence others with practical ideas.
It is a surprise to see how Facebook and You Tube have dominated in the internet industry and the impact they have brought on individual’s life. In the true essence for the internet community they have given the opportunity for openness and increased more chances to further contract the electronic technologies.