Business ventures and start-ups have always been the best yet most challenging course to take the course. There is thus a reason, people generally tend to avoid getting themselves into venture due to its slow spaced growth in the beginning. Every idea of startup differs from the original model and that is why the one behind the role identifies the consumer market and their real requirement.
Thus, if you have ever been thinking of finally giving yourself into the business idea looming in your head, this might be the right time to go ahead and start saving for the capital. Today we would thus we look at 11 such brands that have become a household name but they did not start with the same product they sell now. You will be shocked to notice a few of the drastic changes, that prices that business in a world of ever-changing decisions.
SAMSUNG
The giant mobile industry that is known for its unmatchable success in the world of technology was not always responsible for the same. As per the reports to Price of Business and Income CEO, the brand was usually an export company that dealt with consumables. Samsung Sanghoe used to send over or export dried fish, noodles, groceries to Manchuria, Beijing. Soon after the business was changed and stepped into technology and we know now how important that change was.
NASCAR
The development of this business is the most exciting way to be very honest. The company as per the sources of Income CEO and Price Of Business, the company used to sell liquor and various alcohol brands. However, this was soon put a stop to when the Prohibition era started when America banned liquor. Then, the company had to drive around in extremely small and fast cars to outrun the police to sell their illegal product. By the time, the ban has lifted the cars became so fast from the modifications that the company found its calling in race-cars.
XEROX
The company with a name that has become synonymous with the meaning of creating photocopies were however not always interested in the same lane. As per the reports to mental_floss and Income CEO, they started back in 1906 with the selling of only photographic paper. However, years later they gave the world the Xerox machine or a copier. Since then, nothing has been the same. The came up with the machine in 1959.
FLICKR
Whether you believe it or not, Flickr was never made to become what it is now. Sources from Income CEO and retireat21 states that the company was established as a real-time chat room which enabled picture sharing while playing the very hyped multiplayer game, Never-ending. However, after a year, Yahoo acquired the company and swiftly changed it to a photo-sharing platform with different folders, backup options and sorting arrangements.
NINTENDO
The company Nintendo found by Fusajiro Yamauchi has always been into gaming. But it started differently than what it is now. The company started as a playing cards company that stuck around for a long time but was not very profitable. Thus, as told to Income CEO, they were looking for options and started exploring. They went through a hotel chain, television network, taxi company and also a food company. The exploring was limited to 5 years and ended in 1968. After six years, the company saw their future and invested in the world of video games and the rest is history.
AMERICAN EXPRESS
As told to the sources of Price of Business, the company was originally set up with the idea of competing with the rivals at American Postal Service who were painfully slow in delivering. Thereby, they started up and soon got an amazing response and thereby earned a profit due to the lack of better competition. While on their way to establishing the company they made connections in such big fonts that it helped them to change to giant money lenders.
TIFFANY AND CO
As per mental_floss, the company was not always focused on making beautiful jewellery and silverware for its audience. The team of Tiffany and Ellis back in 1837 were known as common stationers. However, after a few years, the company found its calling for jewellery in 1853 and since then there was no looking back.
WRIGLEY
The story as relayed to retoreat21 runs something with the background of William Wrigley, the founder baiting his customer with chewing gums to sell his production of soap and baking powder. But, the chewing gum became a hit and a crowd favourite. That is how William decided to change to the selling of mint and chewing gums.
NOKIA
Nokia by Frederick Idestam was established in 1865 with the idealogy of connecting people through different timelines and lesser-known methods. Then, the closest availability of human contact (emotional) from afar was with the use of papers. The papers were majorly used to write letters and that is why they continued producing pulp and turning them to paper for years. However, after a long run and with the changing times bringing new challenges, the owner realised it was time for a change. As per the reports we have from Price Of Business and Income CEO, it was then that Frederick started having thoughts regarding the growth of the company. Finally in 1980 came and Nokia took its first change into the world of the mobile industry with Mobira Talkman, which turned out to be a huge hit!
COLGATE
The biggest surprise comes from the company that is Colgate in itself. As per William Colgate’s rendition to retireat21, the company started with the production of soaps, candles and starch. However back in that time, there were contemporaries for the same consumables. Thus the profit was very low and the market was not excited about the product. Things remained this way until 1873. This was when William came across the idea of selling toothpaste and started producing the same. In the early days, he took to selling toothpaste in jars as opposed go tubes and it became an instant hit. Even today, Colgate remains the #1 toothpaste in the world.
AVON
In 1886, when David H. McConnell started his business, it entailed the selling of books from door-to-door as a salesman. Much like the story of Wrigley’s, he started selling small tester bottles of perfume along with the books. Soon, the perfumes became a huge hit and thus David wisely changed the business to the perfume industry and named it California Perfume Company. Soon, it started producing women beauty products and the name was changed to Avon. The source for the reference in mental_floss.
