Wednesday, November 25, 2009

Money & Business

Hook, Line and Sinker

How three entrepreneurs snagged their first clients.

By Nichole L. Torres
Posted 8/28/07

I was between companies, and I started collecting pinball machines. I had a warehouse with 15 of them, and I was taking delivery of another machine when a couple of guys walked by. One of the guys pleaded with me to let him take a look. On his way out, he offered me $5,000 for a Twilight Zone [machine], which was double what I had paid for it. He called the next day, brought his friend and bought three pinball machines for $15,000. That's how we started the business."

--David Young, 45, founder of five-year-old BMI Gaming Inc., a Boca Raton, Florida, arcade and game distributor with annual sales of $8 million

 

"I moved to New York City and didn't know what I was going to be doing. I hadn't been there a week before I bumped into someone I recognized from Colorado, and she knew I was doing [concierge-type] things for people in Aspen. She said, 'I know someone who needs your assistance while you figure [out what you'll be doing].' So I did a project for him; I coordinated a move. Then he gave my name to somebody else [who] needed help planning a benefit, and she gave my name to somebody else. Then I thought, 'I actually don't need to look for a job. This is a business.'"

--Julie Subotky, 39, founder of 1997 startup Consider It Done, a concierge service in New York City with annual sales of $1 million

 

"I had an appointment to meet with the owner of a store, and I had an [inflatable] pirate sword, a pirate hook on one of my hands, a pirate hat, an eye patch and a little parrot. I wanted to create a lasting first impression, and they loved it. I was selling a kayaking pirate T-shirt, so even though my attire was a little strange, it made sense for what I was selling. It was the first place I ever went to sell T-shirts, and [the store owner] bought them on the spot."

--Kevin Shane, 26, founder of 2004 startup KO Stogie, maker of the Telmé clothing line in Ewing, New Jersey, with annual sales of $100,000

Copyright 2007 Entrepreneur.com, Inc. All rights reserved.

advertisement

advertisement

Special Reports

Paying for College

Paying for College

Colleges break links with lenders but now give less guidance to students on where to look.

NEWSLETTER

Sign up today for the latest headlines from U.S. News and World Report delivered to you free.

RSS FEEDS

Personalize your U.S. News with our feeds of blogs and breaking news headlines.

USNews MOBILE

U.S. News daily briefings are also available on your mobile device.

Use of this Web site constitutes acceptance of our Terms and Conditions of Use and Privacy Policy.