In 2011, Tori Gerbig was still working in her insurance job and earning an annual income of only 2 25 thousand a year.
And at the age of 24 she was fond of surfing the internet in search of fashionable and affordable clothes, and unfortunately there were not many options at that time, which led her to think about launching a business specializing in the sale of women's clothing on the site "eBay" (.)
According to Tori, it was just a fun hobby and did not know that after 10 years she would be busy all day working on the site "Pink Lily", specializing in the sale of women's clothing, where its profits last year alone from the field of online clothing amounted to 141 million dollars of total sales, and today the number of followers on social networking sites 3 million and 600 followers.
In a self-written article published by the American website "CNBC", Tori recounted how she achieved such a resounding success.
Sales of 141 million dollars
Two years later, in 2013, she created a personal Facebook group to market her clothes, and she had good customers who showed increasing demand for her products, especially in her local community in Bowling Green, Kentucky.
By the end of the year, she managed to save 20 thousand dollars from her earnings, which she used to launch the official website of the store "Pink Lily", which contributed to the truly flourishing of her business.
She adds that in May 2014 the profits of the store exceeded 100 thousand dollars, and after 3 years of management of "Pink Lily" as a side business, she left her job in the field of insurance to work in her Trading Company, where her husband Chris joined her after a few months to oversee the company's finances and operations, and at the end of the year their revenues exceeded 4 million dollars.
In 2019, after earning 7 70 million in total sales, "Tori" says it received an investment offer for a minority stake, which helped it support the rapid growth of its business, expand its product offerings and assign a great team.
At the moment more than 11 thousand products are sold on her site Daily, not to mention that she has established a store with 250 full-time employees, she also points out that although she still visits trade shows, she has managed to create a core group of selling partners to create her own design models for her company.
Here are her best tips for starting a successful business:
Find a gap in the market
Reinvest your profits
Find fun ways to promote
Tori adds that she would ship the products in custom bags with the company logo on them, then show photos of customers posting a photo of themselves in their new dress on Instagram, as well as tagging her website.
Comments
Post a Comment