January 24, 2017
What they do:
Sell humidors online to cigar enthusiasts.
Rookie cigar smoker Dave Sabot, an internet marketer, was appalled by high prices cigar stores charged for humidors. After scoring a humidor for just $45 online, Sabot built a website and began selling them via the Internet.
About the business:
Formed an alliance with wholesale distributor and now sells all things cigars and cigar accessories online.
In the latest episode of the Why Didn’t I Think of That? Podcast, Bob Smith and Greg Anastos sit down with thinkofthat.net blogger Benjamin Christopher and discuss the first of their Axioms For Entrepreneurs, “Re-think Your Industry.”
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Amazon.com Founder and CEO Jeff Bezos says that they’re “the only tech company with low margins.”
Low margins is an understatement. The company is losing money on every single Kindle Fire tablet they sell. But it’s all part of Jeff Bezos plan to conquer the Universe. He may or may not succeed, but one thing’s clear: With the Kindle Fire, he has single-handedly created a low-end tablet market where there was none, and for that reason alone, he’s about to change the tech industry forever.
It was 1999. Aspiring screenwriter John Brozek was poking around a new website called eBay, and what he found surprised him: Counterfeit Rolex Watches. Lots of them.
How did a music major wind up founding the fastest growing start-up in history? In our very first Why Didn’t I Think of That? ® Podcast, Bob Smith and Greg Anastos look at the story of Andrew Mason and his tech start-up Groupon, an online daily deal service.
We all use the internet. So why are some people getting paid for it? In this new series, I’ll be taking a look at some of the many ways entrepreneurs and industrious young (and old) capitalists are making money using nothing more than a keyboard and mouse.