Sramana Mitra: You said in 2006 you were doing $6 million? OJ Whatley: Yes, $6 million – $500,000 in receipts per month. Sramana Mitra: What was the inventory situation at that point? OJ Whatley: I probably had closer to 50 to 80. Sramana Mitra: That’s still out of your home?
Sramana Mitra: It sounds like your business was entirely Panerai until what year? OJ Whatley: Until about 2003. Sramana Mitra: What did you do after 2003? OJ Whatley: Again, I’ve always loved watches. Panerai has captured my heart. In fact to this day, my license plate is Panerai. I fell in love with Panerai like
Sramana Mitra: Talk a bit more about some of the granular details of specific elements? OJ Whatley: In 2000, I walked into a watch store and I happened to pick up these hardcover books on the history of Panerai. They were like coffee table books. I went on eBay and found about eight of these
Sramana Mitra: Why watches? OJ Whatley: I’ve always loved watches. Even going back to my days as a 10-year-old, I was always enamored of watches. Sramana Mitra: It’s a passion. OJ Whatley: Yes. The price points were $10 to $300. I was always obsessed with watches and I’ve been wearing a watch since I was
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. OJ Whatley did $6 million in revenue in 2006 from his home, with ‘me, myself, and I.’ Further elaborating on the ultra-light startup trend, we bring you his story of approaching $20 million with 20 employees. Sramana Mitra: Let’s start at the beginning of your story.
Sramana Mitra: What you have today is a product and a business model that is just starting to come into the market? This business model is not generating $5 million in revenue? Benoît l’Archevêque: If you only consider Azzimov, no. But if you consider the whole entity, yes. Sramana Mitra: You’re basically trying to turn
Benoît l’Archevêque: It’s like the 411 service in North America where people call to get services. In China, they have salesmen receiving the call. People call and say, “I’m looking for this.” The person receiving the call will not only give the information but also go and complete the sale. Azzimov is included in that. They
Sramana Mitra: In the case of Google, they have web self-service advertisement capabilities like Google CPC. If I, as a small business, want to advertise on Google, I can go to Google’s website and set it up to do that advertising. Do you have that in place as well? Benoît l’Archevêque: Yes. We call that