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Former affiliate marketer sells eCommerce site for 3.35 billion (5)


04-19-2017 08:26 PM #1 Mr Baffoe (Veteran Member)
Former affiliate marketer sells eCommerce site for 3.35 billion

Initially saw this on Techcrunch but here's the original source of the news:

https://www.recode.net/2017/4/18/153...e-3-35-billion

For context, this is bigger than the Jet.com sale.

After following a few links, I found out the founder was a former affiliate marketer, started off by using a 3rd party fulfillment center, and eventually took it all in-house.

https://www.forbes.com/sites/susanad...d-in-dog-food/

The son of a teacher and a glassware importer, Cohen fixated early on becoming an entrepreneur. At 15 he discovered the dark art of affiliate marketing, collecting fees for referring customers to e-commerce sites. He got so good at it that he started banking thousands of dollars a month. While looking for a programmer to help build his affiliate sites, he met Michael Day in a Java chat room. Day dropped out of the University of Georgia to join forces with him, and in 2011 they sank $150,000 of their own money into an online jewelry startup in Florida. But after a visit to a Miami trade show, they felt intimidated by how much there was to learn about gems and precious metals and realized they had no passion for the business.
Awesome example of what affiliate marketing can lead you to when your skills are applied to other related avenues with more long term potential.


04-19-2017 08:35 PM #2 manu_adefy (Veteran Member)

Nice!


04-20-2017 01:06 AM #3 thuglife (Member)

That's awesome.


04-20-2017 04:19 PM #4 cmdeal (Veteran Member)

It is pretty amazing how much is spent on pets in countries like the US and UK. Kudos to the affiliate for seeing the opportunity and making something big happen!


04-24-2017 07:24 PM #5 subbarao (Member)

Why is Chewy Worth 3.35 Billion?

Struggling to understand that.

It's not like they owned any of the products on their website.


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