Vinod Gupta is a quintessential case of the American Dream coming from a small town north of New Delhi India. His father was a doctor and so from this he knew that education was an important way to sustain a living. He took an interest in agricultural engineering and got his bachelor’s degree in India, but decided to transfer over to get his master’s degree in America at the University of Nebraska.
From these skills, he got an entry-level job as a marketing analyst for a mobile home provider where he would cold call and try to get people to buy mobile homes. Vinod was looking for a better way to do this and eventually bought up all of the Yellow Page books in America and compile them painstakingly into one list. Though he made his boss look inferior in doing so, ultimately it was this power move that let him to become a millionaire from understanding the value of data collection. See Related Link to learn more.
Vinod Gupta borrowed $100 from a bank and use this for marketing supplies in order to send out flyers to various companies asking if they would like is compiled data list of all mobile home services in the country. With an emphatic and resounding yes from nearly every one of his recipients, created a business called American Information Systems in 1972 which took off from the ground running. He realize the value of this data and was able to eventually add more types of information lists which could be sold to huge corporations that needed the data. From this, he amassed a business worth over 500 million dollars in the course of 20 years of work and eventually in 2010 sold the company for $680.
He then went to create a new business called Everest Group LLC, centered around helping struggling businesses turn around and even fun them if they needed it. It’s more of a Consulting business than data collection, but it is his experience and tenacity which has helped him achieve success in the long run. His advice to budding entrepreneurs is to use your capital conservatively and don’t overspend.
Check out his video on https://www.youtube.com/watch?v=_e-UzAJFxHU