36-year-old launched a business to help her 'move out of my dad's house'—now it's worth $2 billion

  • 📰 CNBC
  • ⏱ Reading Time:
  • 56 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 72%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

When Amber Venz Box co-founded the pioneering marketing company LTK in 2011, she 'was in my early 20s, living at home, still eating my dad's cereal,' she says.

Amber Venz Box launched RewardStyle in 2011 with a relatively modest goal: make enough money to move out of her father's house.

The problem with that strategy, Box says, is that people could take free fashion advice from her blog without actually hiring her. Early fashion bloggers weren't yet commonly using affiliate marketing technology, where websites drive traffic to a retailer's online shop in exchange for a cut of those eventual sales.

They each spent $500 to $1,000 of their own money to build a website that could accommodate affiliate links, she estimates. When they realized they could sell similar tech to other bloggers, RewardStyle was born.The couple scraped together an additional $1,000 from friends and family, some of which went toward renting a single-room residential apartment as their first office space, says Box.

They hired a software engineer to help run the site and used liquidation sales to furnish their office space. "We found a defunct business in Fort Worth and drove over in Suburbans and trucks, and loaded up some chairs and some desks," says Box. "For my birthday that year, I got a Keurig, so our sole engineer was happy that he had coffee."

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 12. in DE
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen