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College Dropout Turns eBay Page Into $100 Million Business

Discussion in 'Ebay' started by Ibeefaaa, Mar 28, 2013.

  1. Ibeefaaa

    Ibeefaaa Regular Member

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    This just shows once again that anything is possible on the internet ....


    As a 22-year-old community college dropout, Sophia Amoruso was living with her step-aunt and working a $13-an-hour job checking student IDs. She thought about photography school but blanched at the cost, so instead quit her dead-end job and started scouting out vintage clothes and selling them for profit on eBay.

    [​IMG]

    Today, six years later, Amoruso runs her business from a 7,500-square-foot warehouse in Emeryville, Calif, has a 500,000-square-foot fulfillment center in Shepherdsville, Ky., and sold almost $100 million of her wares last year, at a profit. In a
    profile of Amoruso for The New York Times, Nicole Pelroth calls her the "Cinderella of tech."

    There were some stumbling blocks at first, like the company's name,"Nasty Gal," taken from a singer's album , which conjured ever-so-slight associations with hardcore pornography. It didn't help that the domain name NastyGal.com was actually a porno site.

    But through skilled use of Myspace, and then Facebook, Twitter, and Instagram (the company has no marketing team, the Times says), Amoruso built an almost obsessive fan base of over half a million, largely hip twenty-somethings. Last year the company's sales grew fourfold, and a quarter of its customers visit the site every day.

    Insiders say that Amoruso will likely sell the business for a very oversize chunk of change (she's currently in talks with Urban Outfitters), or go public in a mega IPO. Amoruso, for one, has long said goodbye to her step-aunt's house, and is currently remodeling her dream home. Forbes places her net worth at $250 million.

    While it's rare for someone to build such a successful business out of an eBay page, Amoruso certainly isn't the only e-trepreneur to rake in millions. Sarah Davis takes in $4 million a year selling vintage designer handbags on her eBay page Fashionphile, and now through a storefront in Beverly Hills, reported AOL Small Business in 2011. By that point, Mark and Robin LeVine had also sold almost 3,000 square miles of bubble wrap through their eBay store, Bubblefast, with an annual revenue of $1 million.

    At this point, Amoruso seems simply tickled that her company isn't so well known across the fashion industry. "People say: 'Nasty Gal? What's that?' " she told the Times. "I tell them, 'It's the fastest-growing retailer in the country.' "



    Source: http://jobs.aol.com/articles/2013/03/27/sophia-amoruso-nasty-gal/?ncid=webmail10
    http://www.nytimes.com/2013/03/25/t...tart-up-is-a-fast-growing-retailer.html?_r=1&
     
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    Last edited: Mar 28, 2013
  2. kingofcapua

    kingofcapua Newbie

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    WTF!! and she's not on BHW.. might as well as start selling vintage condoms :D
     
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  3. wtfisseo

    wtfisseo Newbie

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    i'd hit it
     
  4. elschlongo

    elschlongo Junior Member

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    wow, that's crazy. At 22 I was more interested in bars and parties than I was creating businesses.
     
  5. Junkfood00

    Junkfood00 Elite Member

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    She has to support herself first then care about parties. You don't go to bars and parties broke, do you?
     
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  6. ahiddenman

    ahiddenman Elite Member

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    She's probably worked her ass off! Credit to her :)
     
  7. Known

    Known Regular Member

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    I LOL'd when she said she had a dead end job making $13/hour and wanted to go to school for philosophy, so you're going to have a dead end job with a diploma?
     
  8. ahiddenman

    ahiddenman Elite Member

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    It was photography haha :D
     
  9. erickishere

    erickishere Elite Member

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    Photography school
     
  10. unclemike

    unclemike BANNED BANNED

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    Well folks this goes to show how possible it is to make money on eBay

    Cheers,
    Unclemike
     
  11. DougG79

    DougG79 Regular Member

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    Give her credit, she saw a niche and took advantage of it.