In many cases when an entrepreneur becomes a global success there is some sort of new technology or high end application for their company. When we look at only these cases it can seem as though it’s impossible to achieve any real success in business without some sort of amazing new invention or tens of millions of dollars in start-up capital.
Vijay Eswaran now Worth or 500 million dollars, shown us that this is not always the case. With a portfolio mostly simple products, the QI group has grown tremendously over the past 20 years, I will grant him the opportunity for people to share in its success as a partner.
In 1998 the QI group began selling commemorative coins as its primary enterprise. While they saw some success initially, they saw true growth when they became the official provider of commemorative coins for the 2000 Sydney Summer Olympics.
It was from this bit of networking in marketing that the QI group was able to become a global phenomenon. The quality of the products were recognized by FIFA, and and the coins are now distributed 89 different countries for the World Cup.
From here the QI group took on many more simple Ventures. From jewelry and other luxury goods to consumer electronics, under Vijay Eswaran’s leadership the company has continued to grow consistently.
When asked about it, Vijay Eswaran summed up his success in a few simple words. For him the the value of networking was absolutely critical. Working with partners at the Olympics he was able to provide a service that they didn’t know that they needed.
This individual level of attention created a an opportunity to not only become profitable but also gained recognition internationally. If it was not for this one simple deal start there may not be a QI group today.
For him what’s most important is recognizing opportunities and taking them. An idea doesn’t to be completely unique and the market doesn’t have completely open. Good ideas and good businesses will thrive even in the face of competition.
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