http://money.cnn.com/2005/10/19/pf/millionaire/rp_dangelo/index.htm

anyone know this kid? absurdly simple idea and is making mad loot.

12/14/2005 4:09:35 PM

i know where he lives now

http://msweb01.co.wake.nc.us/realestate/Account.asp?id=0323397&stype=owner&owner=D%27Angelo&spg=1

12/14/2005 4:20:10 PM

114 dollars for that shit?? no fucking way.

12/14/2005 4:36:10 PM

reminds me of mooshpillow.com that i saw on the richard branson reality show a little while ago...

12/14/2005 5:00:43 PM

interesting read

12/14/2005 5:01:00 PM

^^^^damn didnt know u could do that. What is that database called? "real estate data"? I want to see if the county that i live in (in MN) has same shit.

12/14/2005 5:39:52 PM

Quote :

"With self-taught entrepreneurial skills and a cohesive vision for his finances, D'Angelo is a model of meeting personal financial goals."

Article is poorly written but does illustrate a good point: You need one good idea to make a web site grow, and the rest will take off on its own.

12/14/2005 6:00:24 PM

Quote :

"Article is poorly written but does illustrate a good point: You need one good idea to make a web site grow, and the rest will take off on its own. "

Case in point: http://www.milliondollarhomepage.com/

12/14/2005 6:47:00 PM

PoofChairs

12/14/2005 7:35:59 PM

some discussion on the Millionaires thread
http://thewolfweb.com/message_topic.aspx?topic=357298&page=2

12/15/2005 8:40:36 AM

His web site is ugly and he looks like a douche.

But he's rich, so gg m8.

12/15/2005 11:25:04 AM

but if you are making $150K a year, does that make you a millionaire? i mean, being a millionaire would imply that you've got at least one million dollars in potentially liquid assets?

$150K a year, subtract the taxes... it'd still take a while to gain $1 million, right?

BUT, i suppose with my level of income, it'd take a whole lot longer than that... so i should stop with the analysis

-ZiP!-

12/15/2005 11:52:19 AM

So wait a minute, he is just selling bean bags? wtf?

12/15/2005 12:06:47 PM

Quote :

"He keeps some money in an interest-bearing PayPal account"

lets read http://www.paypalsucks.com and decide if that's a good idea

12/15/2005 12:08:45 PM

Looks like all he did was design a website....hes just reselling someone elses product. Anyone who can put together a secure website and get yourself set up as a business so you can get wholesale prices can do this.

12/15/2005 8:31:15 PM

the most amazing part of all of this is:

people pay one hundred or more fxcking dollars for that POS?!?!?!

12/15/2005 9:00:58 PM

^^ but everyone didn't. he did and now he is on track to retire at 34.


props where props are due. It's not like he is a genius -- he just found a good niche.

12/15/2005 9:24:32 PM

too bad its not an original idea... try luvsac.com


Much cooler sacs

Hes just an internet copy cat... sure thats business.... but no originality points

12/15/2005 9:55:52 PM

really how can anyone hate on this guy? Sure maybe it didnt take much technical ability, and yea its not the most exciting product to sell. But he took a risk, and didnt settle with working for someone else. who gives a shit if its original or not.

12/15/2005 10:01:09 PM

haha..i fucking love drop-shipping. I've been selling other peoples items on ebay since high school. I never even touch the actual product. Granted, i dont do near that much in sales per year, but I make a good amount at it.

12/15/2005 10:35:01 PM

That just makes me want to do online sales, but since I'm even less original than this guy, I'd probably end up with ihavechairstoo.com.

12/15/2005 10:45:19 PM

Quote :

"really how can anyone hate on this guy? Sure maybe it didnt take much technical ability, and yea its not the most exciting product to sell. But he took a risk, and didnt settle with working for someone else. who gives a shit if its original or not."

no doubt. much respect for the guy for that. Most of the wannabe pundits in this thread point out his lack of originality or whatever, but I'd like to point out their lack of dollar bills.

I tried to cash in on Y2k in the late 90's with a decent degree of success. Knowing what I know now, I could have made a million or more if i went back and did it again, but I still made decent bank.

12/16/2005 8:29:49 AM

haha, Y2K. that whole thing was a SCAM

12/16/2005 8:36:25 AM

it's not unoriginal, but he could be doing a lot better than he is

there's at least an immediate 2-3x increase in audience that he could reach with just a slight tweak on his marketing

thankfully he's not doing what he could because seeing the story a couple of months ago led me to quite an idea and i think it's going to work out rather well

12/16/2005 9:12:31 AM

lol. that's funny... I just bought a poof pillow the other day online And now that I look at the website, I think it was his!! His where the cheapest I found and didnt have shipping cost.

12/16/2005 11:53:53 PM

What is this guy going to do when the manufacturer wises up and creates a website?

12/17/2005 2:48:18 PM

oh wow, i bet the manufacturer hadn't thought of that......

That's not their business model - they're full aware of what's going on, and that's what they want. You can find lists and lists of manufacturers that want to do drop shipping - they want to concentrate on what they're good at: making products. Not marketing, not dealing with customers, not finding new distribution channels. They probably have a dozen independent websites that sell their shit for them. The websites deal with finding customers, finding markets, taking orders, dealing with customer support, etc.

12/17/2005 3:05:05 PM

Thats true, but I think there may be a long term problem with his business model because it is so easily duplicated. Anyone willing to accept thinner profit margins could potentially ruin his business. That is the case with many businesses, but most are not duplicated as easily. He just needs to stay on top of it and and be aware of threats.

12/17/2005 3:18:15 PM

read the Contact tab

Quote :

"Ship dates/previous orders: Comfort Research: 616-475-5000, M-F, 9-5 (Comfort Research is not accepting any new resellers)"

there's your answer

12/17/2005 3:33:46 PM

My uncle is an extremely high exec at Lovesac(as gay as it sounds), which has him beat imo. tons of celebs are buying their product and theyve made a crapton of money and had a bunch of companies just millions and millions of dollars into them. my uncle is making teh mad loot. im hoping they grow even bigger and faster and my uncle makes out extremely well.

couldnt hurt me at all

12/17/2005 4:26:05 PM

^ My friend and I were thinking about opening a luvsac franchise in MI but luvsac pepole said they were not doing any more non-corp stores....

good to hear they are doing well, guess we missed out.

12/18/2005 9:19:15 PM

aw man that sucks. i dono a whole lot about the business end of it right now.(even tho thats what he does). they probably just hit a certain mark for awhile and didnt want to expand too fast like some companies do

12/18/2005 9:23:37 PM

PoofChairs.com
3010 Barrymore St., #100
Raleigh, NC 27603

12/21/2005 2:27:29 PM