Would you like to help A LOT of people? Or would you rather make A LOT of money?
Well, here’s the good news — you don’t have to choose one or the other, you can do both!
Today I want to share some of the most successful and fastest growing companies in the world that became successful by specifically helping other people.
When I was younger, I wanted to earn as much money as fast as I could. I tried every business venture I could get my hands on. And no matter how hard I tried, I just couldn’t make any business work.
And the primary reason for that was that I was focused only on myself making money and not focused on helping others!
In fact, I believe most business success comes down to one factor, and one factor only: whether your business focuses on solving problems for other people.
It doesn’t matter whether it’s a big problem or a small problem. And you don’t have to be smart, unique, good-looking, or have some special or unusual skill to be massively successful.
All you need is a product or service that solves problems for others.
Think about what you spend your hard earned money on each and every month. I’m sure you’ll see lots of products and services for solving your problems and making your life easier. True or true?
I’ve asked my amazing team to put together a video that showcases 7 real-life examples on how some of the world’s most successful people and companies got rich by building businesses that solve problems for others. You can also read more about them below.
1. Mark Zuckerberg: Facebook
We’re all familiar with the addictive nature of social media by now. But do you remember what it was like to try to get connected to friends and family before Facebook? (seems like that was the dark ages, right?)
In the beginning, founder and CEO, Mark Zuckerberg, was trying to solve a simple problem for college students — helping them make connections. But it quickly became clear that it was useful for so much more than that!
Now, Facebook connects billions of people across the globe and allows you to post photos, share articles, play videos, send messages, and who knows what else it’ll come up with. It’s also changed the way businesses interact with their customers, making them more reachable and relevant to customers.
Zuckerberg noticed a problem and he did something about it, and it’s revolutionized how billions of people across the globe connect and stay connected.
The most amazing thing? It’s a free platform — and the highest-earning social media platform as it earned $18 billion in revenue and $4 billion in profit last year.
It’s no wonder that Zuckerberg is now one of the most influential and wealthy people in the world.
2. Ryan Cohen & Michael Day: Chewy.com
Have you ever had to go to a special shop or run all around town to find the right brand of pet food or your pet’s favorite toy?
Pets can be picky, and all animal lovers know that grocery store options usually carry food that isn’t healthy or have limited options to select from.
So the co-founders of Chewy.com found a solution to this problem. Chewy.com is an online pet shop that offers the convenience of delivering your pet food and other pet-related products right to your doorstep. And if you spend enough they will send it free of charge.
Aside from the impressive shipping time (guaranteed 1-2 days) and fantastic customer service, for every purchase, millionaires Ryan Cohen and Michael Day (founders) donate to a hand-picked selection of no-kill animal shelters.
This approach to pet care works — in their first year, alone Chewy.com registered $26 million in sales.
It just goes to show that no matter how quirky the problem you set out to solve, if it makes life easier for someone, it’s probably a winning strategy.
Chewy.com is a great example of how you can make A LOT of money by helping A LOT of people… and in this case, animals as well!
3. Jennifer Hyman: Rent The Runway
Have you ever looked at the price tag on high-end women’s fashion?
If not, don’t start now — because the $1,000+ cost for some of the seasons’ outfits can come as quite a shock!
So what can an average woman do when she wants to attend a high-end event? That’s a lot of money wasted on something you’ll only wear once or twice!
Co-founders, Jennifer Hyman, and Jenny Fleiss understood how wasteful this was for everyone involved — so she came up with a great solution to this problem.
Through their site RentTheRunway.com, they provide the option to rent clothes and accessories fresh from the runway.
It may seem like a niche business, but it’s already brought in $100 million in revenue as it ventures into the subscription business model. Now, more women can feel beautiful without breaking the bank — all in a more sustainable way.
All it took was listening to the complaints of everyday women, and offering them a better way to do things!
4. Andy Fang, Stanley Tang, and Tony Xu: DoorDash
One thing customers love to do is give back to their local community.
But there’s not always an easy choice when you’re craving something from your favorite local restaurant. Often, they can’t deliver to your home — if they do deliveries at all.
It’s a problem both for businesses and consumers. And that issue inspired college students Andy Fang, Stanley Tang, and Tony Xu to create DoorDash.com. It’s an on-demand restaurant delivery service that makes it easier for local restaurants to reach customers nationwide. The people who deliver the food (a.k.a. dashers) function like Uber drivers, taking delivery orders whenever they want.
At the end of the day, it’s a win-win situation for everyone involved in the process — a local restaurant earns, a driver can make extra bucks delivering food, and a customer gets to enjoy the good local food.
By helping all these people, Fang, Tang, and Xu made a fortune — and became an indispensable part of many neighborhoods.
DoorDash is worth over $600 million, and its growth isn’t stopping anytime soon.
5. Hamdi Ulukaya: Chobani Greek Yogurt
Who knew you could turn $3,000 into $1 billion in just 5 years? The founder of Chobani, Hamdi Ulukaya, did just that.
Ulukaya saw there was a need for healthier yogurt options in the dairy aisle — yes, a problem THAT small — but he also wanted to make sure his solution was affordable for the average person.
So he created Chobani: a yogurt that’s thicker has more protein and less sugar than other options at the time.
By making nutrition cheaper and more widely available through his massively successful yogurt, Ulukaya gave back to people’s lives in a nourishing way without sacrificing his own financial well-being.
In addition, in 2016 Ulukaya announced that he would give shares to the company’s plant workers worth up to 10 percent of the company. On the surface, that might sound crazy — how can you make money by giving money away?
But the truth is, giving back gets you more in the long run.
And so Ulukaya turned upstate New York, a once depressed region, into the country’s Greek yogurt capital, and made himself a billionaire in the process.
6. Chieh Huang: BOXED
Back in his early years in the city, founder Chieh Huang didn’t have a car to do his grocery shopping. He often went to The Price Club, where they sold items in bulk and at a lower cost.
“I was basically trying to solve a problem that I myself have. I grew up in the ‘burbs’, and every other weekend we ’d go to the Price Club, and then I moved to the city and didn’t have a car anymore. What am I supposed to do, get ripped off?”
After selling a game he had developed for Zynga, he used the funds to start BOXED, an online grocery shopping service where people can buy things in bulk online. This allowed people without cars an easier way to shop, while also helping them save their hard-earned cash.
It’s a dramatic shift from how most retail works — and it’s already showing success, with revenue expected to rise up to $100 million from just $8 million last year!
Not only does this business solve real-world problems, it also goes to show that sometimes a simple idea can disrupt an entire industry.
7. Greg Gottesman, Aaron Easterly, and Philip Kimmey: Rover
The number of pet owners have been on the rise for years. And as much as we’d all love to spend every waking hour with our furry companions, the truth is most of us have other responsibilities.
With Rover.com, pet parents who have a busy day or have to travel can rest assured that their pets are still taken care of.
Rover has a list of dog-walking services, doggy daycare places, drop-in pet sitters, house-sitting services, and dog boarding facilities. Of course, that information is out there already, but with Rover, it’s all just one click away.
It’s also a great way to help people who love dogs make a living since it connects them to clients.
Rover has already raised $150 million and acquired DogVacay to expand their services. By presenting a simpler solution to a common problem, the founders have built an empire.
It’s Your Turn… Become One Of The Businesses Who Helps A Lot Of People
Now that you’ve read up on all these entrepreneurs I know what you’re probably thinking: “That’s great, Harv, but how will this help me?”
Well, that depends.
What problems do you see in your everyday life? What solutions do you want to see in the world? Remember, there’s just one secret to success:
Solve problems for other people. It’s that simple. The bigger the problem the richer you’ll get.
Finding a place to start doesn’t have to be hard. Spend a day paying close attention to the problems you encounter. What annoys you? What inconveniences you?
What ideas have you been brainstorming that can help others and turn you into a successful entrepreneur? Or how have you used your successful business to help others? Did I miss any businesses who gave back in my list? Share with our community in the comments.
For Your Freedom,