How to Start a Business and Grow it to a Billion Dollar Company


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So you want to learn how to start a business…but not just any business, a BILLION DOLLAR business. Follow these steps and it just might be possible. Subscribe here to learn more of my secret SEO tips: https://www.youtube.com/subscription_center?add_user=neilvkpatel
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It’s not about how hard you’re working, or how smart people you have on your team because you know what, to create a million dollar business or a multi-million dollar business, you need that as well.

But the difference between creating a business that does hundreds of millions, versus billions of dollars is you need a business that solves a problem for a really big market cap.

One of my first businesses is called Crazy Egg. A lot of businesses are using it.

We have hundreds and thousands of companies that are using Crazy Egg every single month.

And what it does is it helps you optimize your website, so that way more of your visitors convert into customers, and that’s a decent pain that a lot of people are experiencing. But here’s a problem, and here’s why Crazy will never be a billion-dollar business.

It doesn’t solve a big enough problem. Now think about Uber on the other hand. They’re solving transportation problems. They’re making it more efficient for you to get to one place, to another, and spending less money doing that, and best of all, you don’t even have to drive. You can be a poor person, and now you can have a driver just like those rich people have.

Uber is solving a huge problem. It was such a big problem that they increased the market size of the whole taxi industry. That’s right, before Uber, the taxi industry was smaller. They didn’t just take a portion of the taxi industry, they grew it, and making it way bigger. So if you don’t solve a big problem, and go after a huge market, you’re not going to create a billion-dollar business. Now whatever idea you have, you have somewhat competitors. It may not be direct competitors like Uber’s not directly competing with taxis.

A lot of people aren’t like should I take a taxi, or Uber, it’s more so they’re like oh I need to go to a place, I’d rather have an Uber, versus having my car. Like me, I don’t even drive, right, but when I’m in New York it’s easier to grab a cab, then it is to grab Uber in most cases. But if you’re not going after a really big market, you won’t do well.

So if you go after something big like a Salesforce’s market size or the CRM market, and let’s say they’re worth 50 billion.

Will we be bigger than Salesforce? If you dream it, maybe it’ll happen.

But chances are you’re not, but that’s okay. If you’re, you know, 5% of Salesforce, you’re still a billion dollar company.

And if you go after a huge market size, even if you take 1% of it, you can do well.

And that’s why you see me creating multiple products in the marketing space. It’s not that I want four, or five different companies, it’s because I can combine them all, and I eventually will, and I can have a business that’s going after a really big TAM. Total addressable market.

And if you go after a big market, what does that mean? You can have a big company. So if you’re not sure if your idea is going to be big enough, where you can hit that billion dollar mark, leave a comment, and I’ll respond, and I’ll tell you if it’s a big enough idea.

And if you’re unsure, and you need help, go to Google Finance, you can see other publicly traded companies, and their financials, that’ll help you determine if idea’s a good idea.

You can just type in a stock hold like Apple, AAPL, and it’ll reveal their stock price, and market cap. The other thing you can do is to look at Google Trends and type in keywords related to your space, and it’ll show you how many people are searching for stuff related to your space, like the word computers.

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36 thoughts on “How to Start a Business and Grow it to a Billion Dollar Company”

  1. Hey neil^^ I've been planning to make a voip startup. My concept is very technical but the basic idea is to make a voip service similar like Skype so basically using wifi to initiate calls however it's supposed to be a voip software that works seamlessly with the smartphone itself rather than through an app so you can initiate calls by touching a sensor at the side of your phone like on the s10 that's not all of course. The end goal is to say goodbye to phone numbers thus reducing phone costs

  2. Mexico is one of the places where one can be rich quick the reason is the society do things together , If a Mexican find his neighbour selling corn in the front gate he starts too . So if you creat a necesity defently you will make billions of dollars

  3. The Art Market, I run a company that can revolutionize the way people use see and purchase art. I would love to talk to you about my business model with the right mind we can reach some Bezos levels interested? Just hear me out this is not an ad or a BS comment

  4. Hey Neil, What do you think about eCommerce (Targeting 1 city).
    I mean where i live. Does it make a difference if you offer same day delivery or exciting products that you're getting from the local market

  5. Hi Neil. My "crazy" idea is to target the Latino market here in Southern California with a Spanish-language news site. I really recognize that Spanish is still a dominant language among many Latinos here in the Inland Empire and represent million$ – perhaps 10's of millions – in spending power. Here's where it gets "crazy." I'm African-American and everyone keeps telling me to stick to my own "kind" if I want to launch a successful business. Am I the only one who sees the true potential here?

  6. Thanks for idea! my passion mostly in music. Music as consumer product and another industries which have direct connection with music itself (instruments- accecories etc) so what kind idea you think.I can try ? And how long trial should be last for getting right conclusions? Thanks a lot

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