Archive for Millennial Enrepreneuers – Page 22

Benjamin Kickz

“Business is boomin’” for 19 year old entrepreneur Benjamin Kapelushnik. It all started when he was around 13 years old and started becoming what is known as a “sneaker head.” Around 15, he began to buy and sell a lot of shoes to people he knew, online, through social media, as well as to celebrities. Benjamin “Kickz” Kapelushnik makes his money from reselling rare sneakers. The market value of resale sneakers has steadily increased in recent years and is now valued at around $1.2 billion. He is able to get some rare sneakers before they even hit the market and he resells them on his SneakerDon website as soon as he gets them. He is able to get all the shoes in all the sizes, which sets him apart from other resellers in the market because they generally only have a few sizes. This gave Ben an advantage over his competitors and attracted a lot of business. 

 

Some of his most well known customers include DJ Khaled, P Diddy, and Travis Scott. Benjamin’s family recently moved to Los Angeles and he believes this will help his business to grow. Currently, he has near $1 million in stock shoes waiting to be sold and buys more almost every day. He makes around a million dollars a year reselling sneakers online. That money is not even including the money he makes from selling to celebrities. The celebrities tend to buy the more high-end sneakers too. All this is possible because of his great marketing skills. He gets the sneakers from resellers that don’t have the customers that Ben has. 

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SNEAKERDON WEBSITE 

Hubble- Stop Making the Choice between Healthy Eyes and Money

Do you have eye insurance? Most of us do not, and that can make it hard to see, literally. I mean paying $600+ to see for the next 6 months can be really hard, so what do most people do? Wear their contacts past the date they should, which can damage eyes. My sister in particular wore the same pair of contacts for years, which resulted in damage to her eyes! This has been happening forever, but Ben Cogan and Jesse Horwitz are putting an end to this with Hubble. 

Hubble is a high-quality contact lenses company that can provide you with your prescription without draining your bank account. While they did have to jump through many hoops to get this product up to par with the bigger companies, they still managed to create a product that is way less expensive than name brand contacts! There are four companies that control 95% of the market, which gives them the ability to place great margins on their product, but Hubble decreases those margins and gives you daily contact lenses that cost less than a dollar a day. For those of you who do not purchase contacts, I personally have paid about $100.00 a month for my contacts since I do not have eye insurance, and of course by I, I mean my parents. I also wear monthly contacts as opposed to dailies, which Hubble sells, that are generally cheaper.

There are a few things Hubble is solving. The biggest issue is allowing people to purchase an item that they need, without having to dish out a great deal of money. I would 100% love to save $70 a month on an item that I need to function in every day life. The effect of saving money also allows people to stop damaging their eyes trying to wear their contacts for prolonged periods of time. They are saving eyes and money.

The other interesting factor here is that despite having a small gap to fit into the market in the first place, Ben and Jesse managed to disrupt the market. They provide a service that delivers to you directly, taking the middle man out aka your eye doctor. But when your prescription needs updated you can find someone through their website. This is also a well developed company that could bring other contact companies back down to an even playing level. They used a tight gap to create an even more effective opportunity for themselves, which is absolutely incredible.

I’ve learned a lot from Ben and Jesse. Breaking the market is incredible, but they also fixed a problem everyone else has just been accepting for years. Every venture has hoops, being self aware of what they needed and how to get to that goal is part of their success, even in a market that was dominated. This is a problem I have, but I just assumed because contacts are a medical product that the price could not be dropped. They really looked at this problem, researched, and developed a foundation for a company that has so much potential.

Breaking The Status Quo: A Construction Toy for Girls

 

“Close your eyes and picture an engineer,” opens Debbie Sterling in her Ted Talk in 2013. She continues by asking the crowd to raise their hands for how they pictured an engineer while their eyes were closed. Hands rose for images of train drivers and nerdy men at computers, but when she asked the crowd if anyone pictured someone who looked like her- they were silent.

Debbie Sterling was born to a Jewish family in 1983 with no intention of becoming an entrepreneur. Her path didn’t intertwine with entrepreneurship until after she had received her B.S. in mechanical engineering from Stanford University in 2005. “Years later,” she says, “I did some research, and I learned that I was actually at a disadvantage. Like a lot of other girls, I had underdeveloped spatial skills. The other interesting thing I learned was that kids who scored better on spatial skills tests, grew up playing with construction toys.”

Sterling took this new knowledge, her engineering degree, and pursued a solution to the problem of the lack of females in science, technology, engineering, and mathematics (also referred to as STEM). She quit her job and spent months working out of her apartment on a construction toy for targeted to girls but was faced with resistance from investors. “They whispered to me a well-known industry secret: construction toys for girls don’t sell, and they took me by the arm and showed me what does sell- the pink isle.”

So how does someone overcome the culture that has previously been established for the past century? Sterling knew that things didn’t have to be the way they always were but saw that girls get easily bored when playing with construction toys. When she asked what they do enjoy, the young girls responded that they love to read. It was this discovery that led her to create GoldieBlocks, the world’s first female engineering character that is teaching young girls around the world that they can be more than a princess.

GoldieBlocks combines the narrative that little girls love with construction and building toys. Girls can build with Goldie and as a result develop both their verbal and spatial skills. Sterling did what nobody else thought to- she took a toy that had been historically targeted for boys and re-imagined it for girls. Her idea is revolutionary because it’s not just taking an idea and targeting a new market, she is equipping young girls with the tools they need to develop their spatial skills in an enjoyable way. She didn’t just accept that little girls aren’t interested in those type of toys, she bridged the gap between girls and engineering. Despite the resistance she faced, her company has since flourished. According to Forbes’s 40 Under 40: “[GoldieBlox] has had more than 1 million app downloads and more than 1 million toys sold across more than 6,000 major retailers worldwide.”

As a female studying and pursuing both engineering and entrepreneurship, what Sterling did is what I strive to be able to do one day. She broke the status quo by becoming an engineer as a female, and she broke it again when she took a “boy’s toy” and redesigned it for girls. She is using her engineering skill set to help other girls discover a love for building and creating.

Debbie Sterling is more than an engineer and an entrepreneur; she’s a world changer, and although her business was originally meant to inspire little girls, it’s inspired me to use my passion for STEM to make a difference for girls like me.

A “Seven Nation Army” Could not Hold Jack White Back

Jack White, famous for being the lead singer of the White Stripes, still impacts the world with his music and brilliant mind. Despite the early 2000’s band breaking up, Jack White continues to crank out his own solo albums, one of which he released this year and climbed to the top of the US 200 Billboard.With deep, often strange lyrics, and screeching, distorted guitar melodies, Jack White tops his performances off with color coordinated clothes, instruments, and lights. Along with producing his own albums, he opened up Third Man Records in 2009, a combination of a record store, studio, and concert venue. After opening up another branch of Third Man in Detroit in 2015, White felt inspired to extend it into a large vinyl-pressing factory in 2017 called Third Man Pressing, making it the only place where records can be made-to-order. Ben Blackwell, co-founder of Third Man Pressing and nephew of Jack White, says that “For Detroit to continue moving forward, you need to have different ideas. [Manufacturing] is a field that’s driven by creativity. That’s something this city has always been flush with.”

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Jack White, while often considered an acquired taste, is one of the most creative and innovative musicians of this decade.  Not only does he have a creative mind, but also a business-like one. Throughout White’s career, he has faced many struggles and criticisms, but he still held his head up high and worked his way to fame. “There are many people out there who will tell you that you can’t,” White says,”What you’ve got to do is turn around and say, ‘Watch me.'” Jack White’s passion is to turn music back into the raw, emotion-filled expression that it used to be, and no one can get in-between an inspired man and his dream. White not only revolutionized the rock n’ roll industry, but he also demonstrated the flexibility of the title of ‘entrepreneur’. Jack White is a living example of where creativity, hard work, and talent can take a person.

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Kylie Jenner: Soon-To-Be World’s Youngest, Self-Made Billionaire

Kardashian. This is the name that with one utterance, can spark debate in almost any room. This one simple name divides Americans and causes them to either rave with admiration or mock with scorn and disdain.

The name, “Kardashian” was made famous by the Los Angeles, “it” family when they started their reality television show: Keeping Up With The Kardashians in 2007. The show features a day in the life of the Kardashian-Jenner family and the exhilarating drama these socialites encounter.

The youngest member of the KJ clan is Kylie Jenner who is quickly emerging her entrepreneurial career at the age of 20 years old. Kylie has premiered on the show many times over the last 11 years and has gained an enormous amount of fame and a fan base of over 150 million because of it. Regardless of what people may think of Kylie and her family, she has utilized the exposure from the show to propel her career and to become the youngest, most successful, self-made entrepreneur in the world.

In 2015, Kylie launched her own line of cosmetics: Kylie Cosmetics. She started this entrepreneurial venture because she had a passion for makeup, because she saw an unmet need in the market, and because she realized she had the opportunity to leverage a huge platform from her already established reputation. She understood her target market and she sought to please them.

Kylie did not just blindly enter into the cosmetics world. She strategically planned for years before she actually launched her first line of lipsticks. She discovered a niche in the cosmetic market, and through understanding her target customers, she branded herself by focusing on that one specific area.

According to Elle magazine, Kylie Cosmetics sold out of all 6 lipsticks in the first 10 minutes of their release. 15 days later, when the lipsticks were restocked, all 6 sold out in the first two minutes. Whether or not this “shortage” was intentional, many believe this rush to purchase Kylie’s line was due to her marketing genius.

She not only stimulated anticipation for the release of her new line through her multiple social media platforms, she also kept in constant communication with her fans, letting them know when the lipsticks would be restocked and where they would be able find them. She also showed a considerable amount of public relations expertise by encouraging her fans not to buy from outside vendors who purchased the lipsticks for their original price of $29 and marked them up to as much as $225 on sites like eBay. In July of 2018, Forbes estimated her company at nearly $900 million. Over the next year, Kylie is expected to become the youngest self-made billionaire ever.

Kylie Jenner displays an immense amount of ambition, motivation, and persistence – traits that are necessary for any entrepreneur looking to start a business. Many may attribute her success to her family’s already established fame and reputation, but the bottom line is that she is an inspiring, young entrepreneur who has strategically used the resources at her disposal to create a cosmetic empire.

Rocking the UK Housing Market

Akshay Ruparelia, a 19 year old from the United Kingdom, has rocked the way people sell houses in the UK. Ruparelia’s site, Doorsteps.co.uk, offers a 97% discount on home selling. During a move, Akshay noticed that his family spent a massive amount of money on commission for estate agents. His site undercuts those costs. For example, Doorsteps.co.uk allows home sellers to host viewings, a process that, typically, is expensive for those selling through an estate agent. Doorsteps charges 99 pounds up front with no commission charges and has already become the UK’s 14th largest estate agency. Ruparelia’s innovation in the housing market has been dubbed the “Uber of the property world”. Obviously, the problem Ruparelia encountered included the excessive charges applied to those using estate agents, particularly regarding commissions. He moved to solve that problem after realizing the issue when his own family encountered those costs. Ruparelia’s problem-solving and visionary skills are skills to be admired.
Akshay Ruparelia Doorsteps.co.uk URL to Ruparelia article: https://startups.co.uk/young-entrepreneurs-akshay-ruparelia/

Age is only a Number

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Before I became aware the I wanted to pursue entrepreneurship, I assumed that entrepreneurs were individuals who were well aged and had much experience in the world. I could not have been more wrong. Meet Nick D’Aloisio, one of the youngest entrepreneurs to be successful at the age of 18, in the year 2014. D’Aloisio is the inventor of the program Summly; an app on Yahoo that takes a large amount of text and condenses it into a summary for users who are reading the news on their mobile devices. One of the many reasons D’Aloisio became such a success is he possessed assertiveness and passion that I believe is a huge key factor is making a difference. He became interested in coding at the age of 12 and the amount of knowledge and skills he obtained in six years demonstrates that all one needs to is the drive to make a difference.

Full article of Nick D’Alosio

Krochet Kids Intl.: Innovating Impact

Krochet Kids Intl. is a non-profit clothing brand based in Uganda, Peru, and California. This company was started by three men who learned to crochet in high school: Kohl Crecelius, Travis Hartinov, and Steward Ramsey. The three began using their shared talent to sell hats to other students and eventually raised enough money for an elaborate prom. After prom and high school, crocheting was abandoned, but the three grew a desire to help people in developing countries. Many developing countries have government camps that people live in for countless years at a time, but the people living in these camps long for a way to provide for their families. Crecelius, Hartinov, and Ramsey saw this need and decided to translate their passion of crocheting to provide jobs for women in developing countries who were searching for a way to provide for their families. Thus, Krochet Kids Intl. was established in 2007. Since the foundation of Krochet Kids Intl., the business has grown from a small business in a hut in Uganda to a thriving company serving women in both Uganda and Peru. This company provides wages above the poverty standard and introduces each customer to the creator of their product so that the customer can know the creator’s story and encourage them on their journey out of poverty.

The innovation that Krochet Kids Intl. presented is seen in their view of poverty. These men went into developing countries hoping to provide funds and food for the citizens but found that creating jobs is what was most needed which ultimately shifted how non-profits are viewed. The fact that they saw a need and created a business off of it proves their innovation, ability to pivot, and entrepreneurial spirit. Crecelius, Hartinov, and Ramsey used a basic skill that thousands of people know and turned it into a way to help women out of poverty. This is something that inspires me about entrepreneurship. Anyone can take a basic skill and create something that can help others just like these three men who love to crochet did.

 

Justin Bieber – The Entrepreneur?

Justin Bieber is typically not someone that comes to many people’s minds when discussing entrepreneurs, but he is indeed included as one.  He is one of few celebrities who utilized YouTube as his platform to slowly grow his fame.  He began to use YouTube as a way to cover popular songs when he was just 12 years old and the positive feedback was almost instant.  People were astonished that such a young boy had that much talent.  His following on YouTube would continue to grow as he covered more and more songs.  He was eventually found by pop mogul Usher, who was able to sign Bieber to his label and that is when Bieber’s career really began to take off.  What is amazing about Bieber is that the fact at age 16, he dropped an album that sold over 5 million copies and went triple platinum.  Bieber was driven by the fact that everything going on was more than he had ever dreamed of, but he wanted to keep it going, he simply did not want to be another “one hit wonder”.  The interesting thing with Bieber is the fact that he never auditioned for shows or did performances, he simply posted his videos to YouTube and let the fame come to him.  He never went out of his way to get noticed, he just used the internet and the rest is history.  What makes Bieber even more interesting is that when he was discovered at 14, people were worried about his voice changing with puberty, but he was able to get even better as he got older.  Many people doubted that he could overcome a voice change, but he proved very quickly that it did not effect him or his music.  Bieber displays entrepreneurial traits such as, the ability to change, great passion, willingness to learn, willingness to accept criticism, and the ability to change his music for his target audience.  Bieber is a prime example of an entrepreneur that often gets overlooked because he is a celebrity.  Most people assume that celebrities cannot be entrepreneurs, but that is certainly not the case.  Justin Bieber is an inspiration because he shows that you can truly do anything you want if you put your mind to it.  He knew that it would be tough to secure auditions with record labels, so he used what he had and has never looked back.  I learned that you do not need top of the line technology or equipment to be successful, you simply need an idea and drive.

Hart Main: The Man Behind Mancans

Everyone has dImage result for hart mainifferent reasons for starting a business venture, whether it is dreams of huge profits, or a noble humanitarian goal.  When Hart Main, founder and owner of ManCans, started his business at the age of 13, his goal was to earn just $1,200, enough to buy a bicycle to compete in triathlons.  His product is ManCans, a candle with a “manly” scent sold in a soup can.  He came up with the idea for manly candels from his sister’s fundraiser when he was just 10 years old. Main noticed that all the candles being sold in the fundraiser were “too girly” in his opinion.  A few years later, ManCans was born.  Soup was eaten in droves at the Main household, in order to get cans to use for the candles.  Even friends and neighbors started giving Main their used soup cans to help his business.  After a few months of business, Main had the idea to buy and donate soup cans to local food banks and soup kitchens,  then repurpose the used cans for his mandles.  Main eventually added another line of candles, “SheCans,” to his business.  Within a year, Beaver Creek Candle Company approached Main.  He agreed to a deal with them, and they now produce the candles in mass, donating 75 cents of every sale to soup kitchens across the northeast.  Thanks to Hart Main’s innovation and philanthropy, he turned a good business idea into an extremely successful business, and continues to give a ton of support to local charities in the process.