What Ebay Can Teach Us About Success

I flew back to New York from Atlanta a few weeks ago and picked up 'Business 2.0' magazine for the flight.

It was an excellent issue, but something so grabbed my attention that I ripped out the page because I wanted to share it with you.

As many of you know, I used to be the 'King of Procrastination and being scattered'. That was me for about 7-8 years.

Those were tough times.

You see, because of those years where I was 'all over the place', I'm so commited right now to being focused and helping others become more focused.

To me, 'Whoever has the strongest focus wins.'

Focus is everything.

So, I'm reading the magazine and there's an interview with Meg Whitman, the CEO of EBay, about growing a business.

Because I admire successful businesses and people, I digged in and started to read.

Here's what really caught my attention and I wanted you to read this also:

Question to Meg Whitman:

"eBay is an amazing growth machine. What were the key decisions you made that set up the company for this kind of hyperthyroidism?"

CEO of eBay, Meg Whitman:

"The key decisions can all be characterized by focus, focus, focus. Back in March 1998, we were faced with a decision on what categories we wanted to focus on.

We decided to really be a collectibles company The heaviest users were collectors, the heaviest sellers were collectors. It was a very explicit strategic decision, because part of the group wanted to go into consumer electronics and all of these categories we are in today."

And we answered, "We have only a limited number of resources. What is the best focus that we can have?"

End.

Wow.

Focus, focus, focus.

My whole financial life changed when I started to FOCUS.

Read the last sentence that Meg Whitman said above.

Ask yourself it this way:

"I only have a limited number of resources. What is the best focus I can have?"

Meg Whitman is worth hundreds of millions of dollars. What do Meg, Tiger, Oprah, and Stephen Spielberg all know?

You need to FIND YOUR FOCUS and TAKE ACTION.

eBay's now one of the most successful companies in the world.

Let's ignite your success today.

You in?

Talk to you soon.

Mike Litman www.mikelitman.com
www.greatnessheldhostage.com

Mike Litman is the co-author of the #1 Best-selling book Conversations with Millionaires. Over the last 3 years, Mike has unleashed the greatness of tens of thousands of people worldwide. Networking Times Magazine called Mike Litman 'a modern day Napoleon Hill' and at the age of 30 he's already shared the stage with well-known speakers such as Mark Victor Hansen and Bob Proctor.

In The News:


CBS News

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Sportsnet.ca

Babe Ruth jersey fetches a 'Ruthian' $4.4 million at auction
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By MIKE FITZPATRICK AP Sports Writer May 21, 2012 9:58AM This undated photo provided by SCP Auctions shows a circa 1920 New York Yankees baseball jersey worn by Babe Ruth that sold for more than $4.4 million at auction, Sunday, May 20, 2012.
Babe Ruth jersey sells for record $4.4 million at auctionCNN (blog)
Babe Ruth jersey sells for record $4.4 millionCBS News

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Successful John Dixon Auction Blitz: 11 Commercial Buildings, 10 Events, Three ...
MarketWatch (press release)
"We really felt that it was important to sell most of these buildings at the location itself, and that meant we had to form three teams, with multiple auctions two of the three days. But our folks were up to it, and we had 10 auctions, each of which ...

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Outbid Brings Real Auction Action To The iPhone and iPad
MarketWatch (press release)
OAKLAND, Calif. and NEW YORK, May 21, 2012 /PRNewswire via COMTEX/ -- Outbid ( www.outbid.com ) today announces that its auction service, which combines the theater and transparency of live auctions with social and gaming features, is now available for ...

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Bloomberg

Treasury Auctions Set for This Week
New York Times
The Treasury's schedule of financing this week includes Monday's regular weekly auction of new three- and six-month bills and an auction of four-week bills on Tuesday. At the close of the New York cash market on Friday, the rate on the outstanding ...
Treasuries Fall as Yields Damp Demand Before AuctionsBloomberg

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KGMI

Exclusive: US lets China bypass Wall Street for Treasury orders
Reuters
Those dealers then bid on their behalf at Treasury auctions. China, which holds $1.17 trillion in US Treasuries, still buys some Treasuries through primary dealers, but since June 2011, that route hasn't been necessary. The documents viewed by Reuters ...
US catering to its largest creditorForexLive (blog)
China Feeding on Treasuries Straight from the TroughStreetInsider.com (subscription) (blog)

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Mobile & Apps

Diablo 3 Auction Houses Help: 8 Things You Should Know
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We had previously provided tips about how to earn extra gold, level up faster and get items, and now we will discuss the game's auction houses and what you need to remember about them before you make a purchase. Here are the tips that will help you get ...
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Yahoo! Sports (blog)

Lawrence Taylor's Super Bowl ring sold for $230K; Osi Umenyiora was not the buyer
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SPC auctions didn't announce the winning name. The high bid was $192001 and came after a flurry of late-night action. When the buyer's commission was added, the price rose to $230401.20. That's more than triple the price that the online auctioneer had ...
Umenyiora's Twitter campaign for LT's Super Bowl ring falls shortNew York Daily News (blog)
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Diego Rivera poised to top NY Latam art auctions
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Telegraph.co.uk

eBay's Newest Auction Item: Used Olympic Torches
Exec Digital
Monday, 30 auctions had been posted on the site advertising used torches, some even before bearers had a chance to put them to use. A number even included the white-and-gold torchbearer uniforms in the auction sale. With the intent to celebrate ...
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Olympic Torch Sparks eBay ConfusionGeeks are Sexy Technology News
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