Vikram Pai is a successful entrepreneur and the founder and CEO of Refer Rush, an e-commerce referral sales platform. The company asks its existing customers to connect with friends or anyone to sign up or purchase a product through referral codes. The existing customers get cash back or referral or bonus points for each successful referral. Let’s discuss Pai's successful journey.
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Pai started Refer Rush from Bengaluru, and he faced hurdles in making his business a successful. Despite failed businesses and financial struggles, Pai did not give up and relentlessly worked toward his goal. In the last six years, Pai had five failed businesses and lost Rs 2 crore in revenues. There was a time when he had only Rs 4000. He was unable to pay his company's co-founder. People taunted him for attempting to become Elon Musk. Pai’s half of his body got paralysed, but he did not surrender to the circumstances.
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Pai wrote on X, "6 years. 5 failed businesses. 2 crores were earned and lost. They called me Elon Musk. Half my body got paralyzed. I went down to my last 4k and couldn’t pay the co-founders' salary. Here’s the screenshot before I sent him 36k for the month. He had responsibilities. Everyone told me to quit. Even my grandma questioned me. I was called delusional. Dad said I was ‘playing business’. Aunties gossiping about my career. My mom lost belief. My best friend betrayed me. I cried. But I always believed. I always had food and a home. That’s all I needed. Today @referrush was selected as one of 9 out of 2400+ companies for the @TheWTFund grant."
He believes five years is required to learn a business. It is an inspiring story for all entrepreneurs who are afraid of consequences.