Chiravat Chearathivat is the founder, chairman, and CEO of The Multinational Corporation that designs and develops an E-commerce website and social network, which he founded in 2015. Mario is responsible for setting the overall direction and product strategy of the company. He leads the design of the website’s service and the development of its core technologies and infrastructure. Mario studied Mathayom 5, majoring in science, at Bodindecha Sing Singhaseni School before transferring to non-formal education due to financial reasons.
He is doing business of import and export worldwide. His customers range from United Arab Emirates, Kuwait, Germany, United States, United Kingdom, Oman, Vietnam, Hong Kong, Ireland, Italy, Mexico, South Korea, and some other countries.
However, he had suffered from insolvency at some point which, in his words, is because he had not used safe payment methods. In such insecure methods, one can’t get a refund from a scammer, cannot hold a dispute, or open claims from customers.
He mentions, ‘the International Bank also don’t receive payments sometimes and that has caused me to suspend my bank account and get banned. Devoid of money, I had to sell my household goods to dissolve my bankruptcy. In such tough times, I was unable to seek help from people.’
‘But I never gave up he adds. ‘I tried many different ways to make everything better but I failed. I failed over and over again for much of my life but I never quit.
Eventually, I succeed. Now when I reflect, I realize that I couldn’t have gotten any stronger without my struggle. I considered my problems as my opportunities. They made me wiser and more resilient.
I entered this world of business when I was approximately 17 or 18 years old.
I learned International Trade and started my business of importing and exporting to different regions of the world. I chose this industry and started importing and exporting goods from the international market because sometimes I wanted goods at a lower price but they were not available in the local market and sometimes some brands had no delivery services to the international market. And resultantly making money but it was not progressing as a business due to Pay per Click website (PPC) Since then I have tried different ways to increase my passive income.
Later, I got a chance to contact china manufacturers, suppliers, and Freight Logistic Company to discuss my problems and to learn about business while working. At the same time, I learned about international trade law, the importance of the logistic system for international trade, and related documents, for example, the Certificate of Origin (C/O), for applying to FTA to get a reduction in the tax rate as a member country. Also, I learned how to get a Certificate of Origin (C/O), how to contact a counselor of goods country, Negotiation document, Import Declaration document, Bill of Landing (B/L), Airway Bill, Packing list, Performa Invoice, Terms of Shipment (Incoterms), EXW , FAS , FOB , CIF , CFR , DDU , DDP etc.
I also learned about safe payment methods such as PayPal, Visa and master card since they can help you open a dispute or make a claim from your bank. While some other methods had no safety such as MoneyGram and Western Union. You are susceptible to scams so these payment methods should not be used for business. Because in both of these payment methods when you transfer money to the seller, the seller can pick up cash immediately and you can lose your money from scams because you cannot seize it back. While it is not an option in other methods such as bank can hold the money, or other type like PayPal.
Some other important factors are T/T, Letter of Credit (L/C), Revocable Letter of Credit, Irrevocable Letter of Credit and its subtypes such as fix L/C, Straight Documentary L/C, Negotiation Documentary L/C, Revolving L/C, Transferable L/C, Back to Back L/C, Red Clause L/C, Stand by L/C, Assignment of Proceeds, Domestic L/C, or Local L/C etc.
I learned them at an early age. I was young when I get to know about the best place for international trade which was China at that time. So I started in China. I really like computers, electronic and customer electronic goods, gadgets and digital devices. So I choose to do business with them because I had enough knowledge of those types of products.
Then, I tried to search for customers from Europe, Middle east, Asia, etc. so that I can export my goods worldwide wherever possible.
Soon my business started growing. It prospered gradually and finally, I had a chance to take my mother to Hong Kong, Shenzhen and Macao for a trip to spend some quality time. We did the shopping and had special meals together. That was my ultimate delight and at that time my mother did not know I had a business and know at the same time so she understood the reason why I took her to China.
Shortly afterward my business started collapsing. I had many problems around me. But before everything was about to fail, it make me realize that it will fall if it is time to fall down and I can hardly resolve it in different ways. All I had to do is to stay strong and not be discouraged at the same time. I never gave up and I tried different ways to make things better. I failed repeatedly but I never gave up.
From childhood, I had an incredible drive. I excelled at the computer system and at the same time I was fond of other things for example, I liked singing and I loved doing international business. So, while most of my high school friends used to play video games, I studied. I had already embarked on the journey of my self-education. I became a voracious reader and devoured everything I could find, on entrepreneurship, computer learning, other skills, singing and multi-tasking. I realized that I like doing these things and I can do all i.e. I can sing, learn about business, run an international business, and learn computer software.
I had made many problems but I liked researching and resolving them. It had it in my subconscious mind. I wanted to do something like this, or I had something like this from childhood, I don’t know and I am not sure about it but I did it.
It made me feel good and it made me strong to never give up. I taught myself to do anything and go either way and keep going to make myself better. I valued my time. I took my chance to do international business with people from China, US, Europe, and many other regions.
The first-time when I was with the United States and China business partners, I had some problems. It is because I wanted something or a product but at those time it was not available in my local distribution or any retailer on the local market. When it became available, its price was really high. It became expensive when I included the duty tax. Some brands were not shipping to the international market, they shipped only in the local market. This was also a reason that I started this business. I got into this industry to solve this problem. Shortly afterward, I was in contact with manufacturers and suppliers from China, the United States, the United Kingdom and others, for doing business. I thought of drop shipping and doing like a retailer or distributor and exporting worldwide.
I can say that it starts from small beginnings. I have a strong progressive mindset and I would like to share a few golden rules;
- Your time is limited, so don’t waste it living someone else’s life.
- Good times become good memories and bad times become good lessons.
- Try and fail, but never fail to try.
- The past can hurt. But the way I see it, you can either run from it or learn from it.
- If not us, then who? If not now, then when?
- Only I can change my life. No one can do it for me.
- Courage is the power to let go of the familiar.
- Some of life’s best lessons are learned at the worst times.
- Impatience is the thief of success.
Also before I got a problem and was about to fail, I had a dream about doing international business. I wanted to create a business something like Western Digital and Apple.
Also, I created something like a USB flash drive built-in biometric security identification system at those times when it was not a known concept worldwide. The world’s market had no idea of that back then. Moreover, I will work for improving contact between the manufacturer and the manufacturing unit under my own brand. I have drafted the specification required to build it.
I am also interested in the food and beverage industry. I know about jelly Haribo because it is sold in retail markets and supermarkets frequently. I like it and another brand probably make it for me. I will work on my idea for manufacturing jellybeans and chocolate and I plan to get into Walmart in United State soon.
I dealt with my insolvency and since then I am following this approach to never do things temporarily. I learned to start researching everything. To make my future better, I should be knowledgeable. I should know about international business, multinational Corporations, international economic conditions, international finance, central bank system, world monetary system, financial systems, and other requirements for corporations. I learned about computer software skills also.
I think it is going to help us in the future. I never forgot my old projects. I would like to do the ones that I have not done before. I hope to do them in the future and introduce new things to change the world.
Chiravat Chearathivat (Mario)
Chiravat Chearathivat is the founder, chairman and CEO of the multi-national technology company. that designs and develops an E-commerce Website and Social Network, which he founded in 2015. Mario is responsible for setting the overall direction and product strategy for the company. He leads the design of the Website’s service and the development of its core technology and infrastructure. Mario studied Mathayom 5 ( science major ) at Bodindecha Sing Singhaseni School before transferring to Non-Formal Education because something financial reason