He started with a small eBay business at just 14 and now 20-year-old Adelaide makes $ 100,000 a month selling products online
Lukas Tsimopoulos from South Australia started selling things on eBay as a teenager, motivated by ‘boredom’ at school
« When I started my business I was 13 or 14 and still in school I started with eBay by selling random products from the supplier side I did this every now and then to make enough money for a 14-year-old to get by, ”Lukas told the newscomau
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Adelaide’s young entrepreneur as a teenager worked in the family restaurant his parents ran until they sold the business
Faced with the decision to continue working in the hospitality industry for someone else or to try something new, Lukas decided to go out on his own, using his previous experience selling on eBay.
« I started to dive deeper into it when I was 18, almost 19, when I decided to do it long term, » he said.
Lukas has turned to ‘dropshipping’, which consists of shipping products from the manufacturer directly to the customer without the supplier or retailer ever seeing it.
“I didn’t think this would turn into a $ 100,000 a month business,” he added. « I was just trying to make enough money to replace normal income I just wanted a decent income like $ 1500 a week »
Making the move just over a year ago, he said the growth had happened much faster than he had expected – and the six-figure-per-month company was making a lot more money. money he had never imagined
Acting as an intermediary, dropshipping does not require a company to keep their products in stock Instead, the store sells the product and passes the sales order to a third-party supplier who then ships the order to the customer.
“For companies, that means they don’t have to spend thousands of dollars to own stocks,” Lukas explains.
The 20-year-old said he did his research to find trusted suppliers in Australia and the United States, which he said offer faster delivery speeds than some suppliers in China.
Due to the time he has invested in researching how to make the e-commerce business a quick success, Lukas said he is constantly approached by young entrepreneurs who want to do the same.
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“Because I had been selling on eBay at a young age for 14 years, I understand well how things work,” he said.
“Friends approach me and say they want to start dropshipping But it takes time and work, it doesn’t happen overnight,” he said.
Lukas offers a ‘blueprint’ program to help other entrepreneurs get started with dropshipping, which involves detailed advice on how to set up stores and validate products to be able to sell successfully online.
“A lot of people have contacted me I offer a lot of free advice on my profile as well as open mentoring programs,” he says
One key piece of advice he offers is that going to college to study business is probably not the smartest path to entrepreneurship.
“Unless you are going to college to do something that requires a degree, like becoming a doctor, going to college for four years to learn business is unnecessary,” he said.
He added that he had friends who study business in college and learn an « outdated » theory that is not applicable in the real world.
Lukas said that with an education system that offers a unique approach to learning these days it’s more about ‘being able to learn to unlearn’
He points to mentors he finds online for business advice rather than school, and suggests going to work for someone who owns a business to get first-hand, real-life experience rather than rely on a theoretical approach proposed in higher education institutions
“When we are in school in the education system we receive the same information but it is not suitable for everyone because we are all different,” he said.
Lukas names YouTube for learning « There is a lot of good content online on YouTube, » he suggests « You don’t have to pay for a college degree »
He also recommends making investments that could help with learning, whether it’s a short course online or just using money to try something and see if it works.
“When you are starting out as a beginner you will not experience any level of success,” he said.
« A lot of people will spend a few hundred dollars and see nothing coming out of it and see it as something that they have lost, but I see it as a learning opportunity, an investment in their knowledge.
“If you can learn something from the money you spent, it’s worth it,” he said.
Despite his huge success, Lukas said he has had challenges and issues along the way, which he sees as learning experiences.
Earning up to $ 100,000 a month on his ecommerce platform was something he never expected « There was a hiccup along the way but I’ve had a pretty good run so far », did he declare
“I was really low key in high school, but my friends from school knew I had a business mind,” he said.
« I made some money but it is not my general goal, » he said « It’s to build brands and continue to develop the business »
As he posts photos of himself with his all new Audi, Lukas is adamant he doesn’t want to splurge
« What I give to myself is no different Just because I earn more money doesn’t mean I spend more These days it’s easy to get caught up in this, but I don’t think it is. a good way forward, « he said
Lukas intends to invest in real estate and the stock market with cash, but said he is in no rush.
Lukas said e-commerce has grown at such a rapid rate, which has been bolstered this year by the shift in consumer behavior due to the COVID-19 pandemic which has turned shoppers away from physical stores to online profit.
“E-commerce has grown exponentially and COVID has had a positive impact on my business,” he said « People cannot go to physical stores and more and more people are using the Internet »
As he started selling products in all niches, from pet accessories to fitness products and tech items, Lukas found the most success in the health and beauty industry. “It’s an evergreen niche that is selling at a rapid rate and it’s not seasonal,” he said.
Lukas uses social media advertising like Facebook and Instagram ads to drive traffic to his online store
One of his most popular items is a do-it-yourself IPL hair removal kit that Lukas sells on his platform for almost $ 100 per person, as well as a microdermabrasion kit for around $ 79.
Beauty products like these solve problems tremendously for those who wish to continue beauty treatments at home during COVID restrictions
Lukas said “it was great” not having to work 9-5, but he’s no stranger to hard work – starting to work in the family restaurant as a teenager and learning how to make money. on eBay from an early age was the start of his business trip
He said he wanted to avoid getting complacent and keep growing the business and strive for better
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World News – UA – 20-Year-Old Earns $ 100,000 Per Month Online
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