Vinod Gupta Proves His Business Prowess After Creating Multi-Million Business With $100

 

It is normal practice for graduates to start looking for jobs when they are done with school. This was not an exception for Vinod Gupta when he completed his studies at the University of Nebraska, Lincoln

Vinod Gupta found a job with one of the established companies in Omaha known as Commodore Corporation. He was assigned a role as a marketing research analyst for the mobile home manufacturer. One of the responsibilities that he was bestowed with was to come up with a list of companies that would be interested in the products they were making. This list needed to include all the companies from the United States.

When he started compiling the list, he noticed that there was a huge problem. Most of the data he was getting was incorrect and other was missing. Vinod Gupta decided that he would create his list that would contain correct information of all these companies.

He collected 4,800 Yellow pages books from all over the country and created his list. He gave the list to the employer, but he also discovered that the list could be of much great purpose than he was getting. The list was also needed by other companies apart from his employer. Vinod Gupta decided to make this his business idea.

Vinod Gupta borrowed $200 from a bank which he used for direct-mail marketing and sending the list to his clients. In a short time, he was getting checks worth thousands. This was just the beginning of something that he would grow further. He started his own company that would deal with business information. There was so much information that people needed, but it was not available. Go Here to watch his video on YouTube.

He created American Business Information, a business that was later renamed InfoGroup. Twenty years after he created the company, it was valued at $500 million. The company ventured into many areas of database technology, and in 2010, he sold it for $680 million.

 

More about Gupta on https://about.me/vinodgupta1