Business Services Industry
There's big money in the middle; How one man turned a hobby into a business.(Focus: Small Business)(Alan Hutchinson owner of HTMarket.com)(Company overview)
Crain's Chicago Business, February, 2007 by Gill, Dee
Byline: DEE GILL HTMarket.com has no warehouse, no inventory and only seven employees. But the company, whose revenues have grown 25% to 30% a year since 2002, will sell about $4.5 million in home theater equipment this year. The Ravenswood firm is a testament to the potential of the Web for entrepreneurs who have little capital to invest.
Using a basic Yahoo Store platform for his Web site and a drop-shipping program that lets him only buy products he's already sold, owner Alan Hutchinson turned a hobby into a multimillion-dollar business where "profit margins are good.'' (He declined to give the actual figure.) Mr. Hutchinson came up with the idea after cobbling together his own home theater by searching the Internet for suppliers. He was sure there...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Getting the global view: Nestle, led by Peter Brabeck-Letmathe, climbs to the #1 spot in this year's Best Companies for Leaders
