A Collection of Resources To Tell The Story of PayPal
This post contains an abundant collection of hand-picked resources that reveal the whole story of Paypal! Before you get to the resources here’s an introduction.
In 1999 PayPal was voted one of the worst business ideas. Looking at it today, processing over three hundred million dollars and around five million transactions each day, plus 72% of US online shoppers having a PayPal account, nobody today can say this was a bad idea!
It was December of 1998 in Palo Alto California, that PayPal originally called “X,” was founded by six talent individuals; Max Levchin, Peter Thiel, Luke Nosek, Ken Howery, Yu Pan, and Russel Simmons. One of the founders Peter Thiel was involved in the company with the intention to wipe out currency inflation worldwide.
Today, in North America, the company employs around 13,000 people. The company had a net income of over two billion US dollars in 2018.
From 100,000 to 286 million users, here’s how that started.
A brilliant marketing campaign gave the company a huge boost. It cost the company between 60-70 million dollars, which got them, 100,000 customers the month they launched the site. The campaign consisted of giving every new signup a small cash reward and if you referred a freind you would also get a referral fee.
Naturally, this campaign was successful because it was planning and execution not to mention the 60-70 million to spend on it.
Keep in mind even though you have customers you need to have a working model to be successful. What’s the use of having 100,000 customers if you have nothing to offer them. I’m sure the company had to go through the growing pains, to sell the idea and get people to use the system on both ends, customers, and merchants.
I love using PayPal, it’s convenient, I don’t have to give out my credit card when making a purchase, and I can get a report for all my transactions any time.
Another very impressive feature I like is that you can sign up for subscriptions for anything from information, to products, and services that you can cancel with a click of a button, no questions, no hassles.
See the resources that follow to find out the complete story of PayPal and how it went from a startup to being purchased by eBay and then spun off again in 2015 to its own company. You may find the fact section interesting with a collection of resources that offer facts about the company that is interesting to know about this company.
Sections Included in this Post:
- The History of PayPal
- PayPal Founders
- PayPal Executives
- The PayPal Mission Statement
- PayPal Divisions And Subsidiaries
- PayPal Ownership And Investors
- Facts About PayPal
- PayPal Reports And Financial Statements
- Business Strategies Used By PayPal
- Revenue Strategies
- The Main Competitors of PayPal
- Target Market & Marketing Strategies
- Products & Services Offered By PayPal
- PayPal Employee Relations
- PayPal Company Culture
- The Reputation of PayPal
- PayPal Company Complaints
- Inside The Success of PayPal
- PayPal Articles And Stories of Interest
- Books Related to PayPal
- The Latest About PayPal
- Tweets Related To PayPal
- Videos Related To PayPal
If you find this post useful please consider sharing it. Thanks!
The History of PayPal
A company’s history offers valuable lessons and it’s interesting to find out about a company’s original operations, how it has changed, and the challenges during the startup phase.
Have a look at the selection below to understand more about the history of PayPal.
This section focuses on the people that started the company. You can gain insights into their goals, ideas, foresight, and how they started the company.
Many founders have interesting stories and experiences related to starting their business and the challenges they faced, as well as what they did to overcome those challenges.
Have a look at the following resources included in this post related to the founders.
In the executive section, you’ll find information related to the management of a company. Management decisions are an important role in a company’s success. It’s not luck that makes a company successful, but planning, strategy, and leadership.
Have a look at the selection below for information related to the executives of PayPal.
Max Levchin, Peter Thiel, Luke Nosek, Ken Howery, Yu Pan, and Russel Simmons.
The PayPal Mission Statement
A mission statement helps a company stay on track and focus on its goals, culture, and ensures everyone is on the same page.
A mission statement is for company employees as well as the public. It’s usually a broad description of the company’s focus and activities.
A company’s mission statement is the company’s public face, and it is commonly used in marketing materials.
Below are the resources I have included related to the mission statement of PayPal.
PayPal Divisions And Subsidiaries
The division of a company is a part of a business entity. In other words, even if a division operates under a different name it’s still part of the entity.
A subsidiary is an entirely different company, usually owned by a larger company.
Have a look at the resources for PayPal subsidiaries and Divisions.
PayPal Ownership And Investors
In this section, you’ll find resources related to ownership, investors, and shares, of PayPal. Below you’ll find the resources I have included for this post.
Facts About PayPal
In this section, you’ll find facts about the company. I like going through the facts because in a page or two you can learn a lot about the company and if you find something that’s really interesting you can dig deeper.
Have a look at the resources below included in this post related to PayPal facts.
PayPal Reports And Financial Statements
In this section, you can find out information such as the company’s profits, losses, net worth, liabilities, shares, owner’s equity, etc. available to the general public.
Have a look at the resources included below.
Business Strategies Used By PayPal
In this section, can get a glimpse of the strategist used by the company. The strategy a company uses can be the difference between success, failure, a mediocre business, or a huge success story.
Below you’ll see the resources included related to business strategies used by PayPal
This section focuses on the main revenue sources the company targets. For some companies it’s one main source for others it’s multiple sources of revenue.
Have a look at the resources to follow to give you an overview of the revenue strategies used by PayPal.
The Main Competitors of PayPal
This section focuses on direct and indirect competition for PayPal. Competition is good, it drives innovation. If it wasn’t for competition businesses wouldn’t have to try so hard for your business. Competition makes managers and company owners come up with better ideas for products and services while providing the best prices they can.
Below you can browse through the resources related to the main competition for PayPal.
Target Market & Marketing Strategies
This section focuses on the target market and the marketing strategies used. Just as above targeting is an important process and without it your focus will be too broad and you won’t be able to zero in on the right marketing techniques.
The marketing strategy used by a company can make or break it. The right strategy can make millions while a poor marketing strategy can end up in bankruptcy.
Products & Services Offered By PayPal
This section offer resources related to core products and services offered by PayPal. Many large corporations have a large variety of products and services. Some companies are so large and complex that they deal in a variety of industries that operate on a global level, which is known as conglomerates.
Have a look at the resources below for products and services offered by PayPal.
PayPal Employee Relations
In this section, you can find resources related to the employees of PayPal such as job satisfaction, labor relations, the number of employees, etc.
PayPal Company Culture
Here’s where you can gain an idea about the culture of the company. A Company’s culture includes the work environment, company values, expectations, ethics, and more.
See the resources included in this post for the culture of PayPal
The Reputation of PayPal
In the resources below, you’ll find information related to the reputation of PayPal. You’ll get insights as to how PayPal is viewed by the general public.
A companies reputation is important a bad reputation can result in huge losses and the loss of public trust. A company’s reputation is an asset to any company and it’s important to maintain it.
PayPal Company Complaints
In this section, you can go through the resources to view the complaints, whether the complaints lead to a lawsuit or a viral rant, have a look at the complaints people have against PayPal.
Inside The Success of PayPal
Success can be the result of a small idea that was executed extremely well at other times it may be the result of a long term vision.
It’s interesting to study the success of companies and how people have dealt with managing a company that started off small and grew into a huge success story.
Have a look at the resources I have included in this post related to the success of PayPal.
PayPal Articles And Stories of Interest
In this section, you’ll find a mix of articles worth mentioning in this post related to PayPal.
Have a look at what’s included for this post related to PayPal.
Books Related to PayPal
Some companies are a huge success story or a miserable failure, with many lessons to learn. Have a look at books people have written for a complete overview.
Have a look at the links below to view the books available related to PayPal
The Latest About PayPal
In this section, you’ll be able to stay up to date on the latest information related to PayPal including the latest news, Google searches, videos, what people are tweeting, and more.
I recommend spending some time on the news, tweets, that can offer up-to-the-minute information about PayPal.