What started off as a random idea between two friends, has now become one of the most popularly used portals the world over. While most of us know Yahoo! to be a search engine and email base provider, there are quite a few facts most of us do not know about this platform. To make your day fun and educational, here are some totally random facts about Yahoo!
1. The name
Stanford student’s Jerry Yang and David Filo first started Yahoo! in February of 1994 to keep track of their own online interests. They named their project “Jerry’s Guide to the World Wide Web.” The site was a directory of other websites, organized in a hierarchy, as opposed to a searchable index of pages.
2. Copyright issues
The official name of Yahoo came to be in March, 1994. An acronym for Yet Another Hierarchical Officious Oracle, the yahoo.com domain was brought on 18 January, 1995. The term “hierarchical” described how the Yahoo database was arranged in layers of subcategories. The term “oracle” was intended to mean “source of truth and wisdom” and the term “officious”, rather than being related to the word’s normal meaning, described the many office workers who would use the Yahoo database while surfing from work. Ironically, the exclamation was added later because an already existing barbecue sauce company had copyrights on the name!
3. The largest acquisition
One of Yahoo’s highest priced acquisitions was when it bought Broadcast.com for a cool $ 5.7 billion! Incidentally, the least they paid was when they bought Net Controls for slightly over $1 million in 1997.
4. The big ten!
When Yahoo turned ten in March 2005, it celebrated by giving away free Baskin Robbins coupons to all its users! Lucky number 10 not just for them, but for everyone!
Rumour has it, Yahoo! was the most widely used portal not in the United States, but in Japan! On a regular basis, Yahoo! has around 96% visitors, with about 34% of them being from Japan. Talk about cool things to know.
Just before Yahoo! was acquired in the year 2015, it had around 13,000 employees on its roster along with 8 CEOS and more than 50 companies under its belt. Despite other search engines gaining popularity over the years, it still remains favoured and trusted among all its competitors.
5 Top Startup Industries Booming Currently
For a business venture to be successful, you have to make sure there is a need in the marketplace. Some brilliant ideas do not succeed if there is not enough demand or if it is the wrong market. Before starting, do enough research to make sure your plan is powerful and unique. This is a compiled list of booming startup industries to help guide you in the right direction.
Beauty Tech Industry
The beauty industry is currently booming on its own. The integration of tech into the beauty business is creating so many different business opportunities. There is a wave of new and innovative products to be explored. IBIS a global business intelligence leader specialising in industry market research according to them, the overall beauty market is expected to jump to $ 27.8 billion in 2022 from $ 22.1 billion last year.
Being the largest segment of the population, the baby boomers are ageing. There is a strong need for innovative ways to make elderly care better and more efficient. Investing in this growing industry would be a good decision as people are going to keep growing older. The industry generated more than $ 50.7 billion in revenue in 2017, a figure IBIS expects to increase by about 42 % till the year 2022.
Leisure and Recreation
Due to the ageing population again, the retired baby boomers will have plenty of disposable for leisure activities such as sports, entertainment and recreation. The younger generation are also continuing to spend at increasing rates, which is creating a booming market for leisure and recreation activities. This push will expand the market and increase the growth rates of this sector by over 30 %.
This industry might not sound very attractive, but the increase in fast food culture over the past five years, food trucks and food vendors have become exceedingly popular. By employing an innovative spin on the fast food industry, you can create many different businesses. This work culture demands fast food on the go, this industry is only going to prosper. One big advantage, of this business, it is easy to switch the business with fewer losses.
The supermarket industry is comprised of retailers selling diverse food. They can innovate the way a supermarket works by introducing different products or providing different services which can make the shopping process easier. Over the next five years, this industry is supposed to boost up more. It is the best chance for new entrepreneurs starting a business in the market.
Life Lessons To Learn From Mark Zuckerberg
Facebook is getting a lot of bad publicity lately, but we can not deny the enormous power it holds. Mark Zuckerberg, the creator of this massive platform, is undeniably successful. There are definitely things we can learn from this mastermind about working hard to make your dreams a reality.
Have a tunnel vision
Mark Zuckerberg had a vision for Facebook, he dropped out of Harvard to pursue his goal. Having a vision for your life in the future is important, giving you a sense of direction. It helps you understand what you want to accomplish in life by allowing you to see more clearly at the opportunities which are going to benefit you in the long term. Beyond this, having goals are strong driving forces to help us get through harder times and look forward to achieving your goals. They act as motivators to make every single day productive, this way it can lead you to reach your goals faster.
Dealing with stressful situations
A fancy word for not losing your calm while in a stressful situation is called equanimity. Mark Zuckerberg when under pressure approaches the situations calmly. Having full control over the situation this way, with a clear head, results in making better decisions. To improve relationships with employees and colleagues, equanimity is a great asset to have under your belt.
Work in silence
When Zuckerberg was working on Facebook, he did not create a lot of fuss around it, just created something about which he was passionate. He set up the entire website from his dorm room. If you are passionate about something you will continue to work on it without needing attention or approval from others.
Zuckerberg said, “I feel that the best companies are started not because the founder wanted a company but because the founder wanted to change the world… ”
Do what you are passionate about
You can only follow the above step if you are passionate about what you are working on. Zuckerberg said “I think that people just have this core desire to express who they are. And I think that’s always existed.” If you are working on a project and it requires a lot of commitment and does not have any monetary incentive; it means, you have a strong idea of what you want and will do anything to have it. An office job, sometimes, is a necessity, it feeds you and clothes you, but it should not stop you from following your passion. For some people, the office job might be their passion.
People throw rocks at things that shine
Do not let other peoples’ opinions get you down. Zuckerberg doesn’t let his critics get to him. It is a skill to block out the noise and keep doing what you are. Use other peoples’ criticism to motivate you to do bigger and better things. Knowing what you want in life and how you are going to accomplish and just sticking to it, is critical.
By incorporating these mentioned active choices to change your life, they would help you live a more fulfilling life.
How To Communicate With Clients
There is a difference between speaking and communicating with your client. It is important to communicate effectively with your client instead of just speaking at them. Here are a few steps you can follow, to better the way you communicate with your client.
Customer service is key
People will stay and return to your company because of the customer service. Manners are so important, start with what your mama taught you. The basic “hello, nice to meet you!” With a sprinkle of “please” and “thank you” throughout the conversation. Apple’s secret employee training manual was leaked a few years back, this gave us an insight as to what makes those Apple store reps so convincing. They always greet you with being warm and polite, “Approach customers with a personalized warm welcome,” and they always end on a positive note, “End with a fond farewell and an invitation to return.”
Make the customers feel special by using their name in conversations, doing this little thing assures the customer, you know them and know what they want.
Ask the right questions
Do not make assumptions about what your client might want. Clearly ask about the needs and requirements of the clients. Make sure you understand their end vision. It is equally as important to know about their core values and what they represent. The main goal is to ask enough questions to know everything about the client before you actually start working on anything.
Keep it light and positive
Do not make your customers feel stupid, be conscious as to not use a condescending tone. This will discourage the clients to reach out if they need anything.
Buffer, a social media management platform, is known for their exceptional customer service. In an article on the topic, their Chief Happiness Officer, Carolyn emphasised the need for attention to detail. Carolyn pointed out the use of the terms “but” and “actually” came off as dismissive and was not helpful even if she was trying to help.
Do enough research prior to a meeting, to know what you are speaking. No matter what you’re selling no one will buy it if you do not know enough about the client or the product. When preparing for any kind of meeting it is vital to take time and go over the material beforehand. You should be well versed on the topic and have plenty of examples. Also, have a list of answers to the questions the clients might ask.
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