Marketing Expert

Education, Life Experience And Family Attributed To The Successful Life Of Vijay Eswaran

Vijay Eswaran is a 59 year old founder and business leader. He was born in Penang, Malaysia into a working class family. His mother was a teacher, and Vijay’s father was the founder of the Malaysian Hindu Youth Organization. Vijay left the country to move to the U.K. to pursue his education at the London School of Economics. He graduated in 1984 with a degree in socioeconomics.

While living in London, Vijay Eswaran worked his way through school. He was able to make enough money to pay his own expenses by driving a cab. After Vijay completed school, he spent the following year travelling across Europe where he continued to work at a variety of jobs. His experience included a one month stay at a Franciscan monastery.

He moved back to the U.K. where he attended the Chartered Institute of Management Accountants. Vijay Eswaran left for the United States in 1986, and he enrolled at Southern Illinois University. He later graduated with an MBA. His full-time job after his graduation was at Systematics while he also worked at a part-time job. Vijay was introduced to multi-level marketing and direct selling at the latter. He returned to his home country nearly 13 years after leaving his home.

Vijay co-founded the Qi Group of Companies in 1998. The organization is now a highly successful multi-national, multi-level marketing company. Qi Group is an e-commerce platform for a large selection of products and services in numerous sectors. The company markets and sells media, travel services, health and wellness products, luxury consumer goods, telecommunications, and more. Vijay Eswaran led the organization and its subsidiaries into a multi-billion dollar company that spans across more than 10 countries.

Qi Group of Companies operates offices in Malaysia, Hong Kong, Thailand, and Singapore. The headquarters are in Hong Kong. In addition to his role as executive chairman of the organization, Vijay Eswaran is also a published author, an international business speaker, a philanthropist, and a family man.

Jana Lightspeed and Excess Work

Jana Lightspeed knows that at the right levels, there is no off-days. Jana Lightspeed knows that is she able to work in a smarter and better manner, that better things will happen.

Uber is one company that has also witnessed this. The company came out sometime ago.

Since then, it has made the journey from generating revenues of over $343 million in 2016 to touch $2.2 billion in 2018. Needless to say, this groundbreaking growth for Lyft comes at Uber’s expense, but the company doesn’t seem to be regretting that fact.

After Lyft doubled its growth last year as compared to the $1.1 billion it generated in 2017, the message from the firm to Uber became clearer than ever: even the ruler of ride hailing doesn’t come without his Achilles’ heel.

Even with a stumbling IPO of its own, Lyft has gone on to eat into Uber’s market share quite significantly. According to reports, the firm held 28.4 percent of the U.S. ride-sharing market in 2018, which was up 3 percent from last year. There are no points for guessing that the 3 percent came from Uber’s hold on the market itself, which scored 69.2 percent of the market as compared to 72.2 percent in 2017.

With almost identical services, a clearer political stance against the backdrop of changing environment, and more favorable customer reviews, Lyft has emerged as the competitor that Uber never wanted, but what it would clearly have to endure for probably the rest of its existence.

And to add fuel to this fire, Lyft also comes with almost the same fares as Uber.

This means that if Uber goes down the road of raising its fares, then it really wouldn’t take long before much of its current market share in the U.S. and Canada does a simple swipe on its phone, and switches its loyalties to Lyft in an instant.