Madison Stefanis’ journey to building a multi-million dollar business

·

At just 23, Madison Stefanis has transformed her passion for vintage cameras into a thriving $4 million business.

Founder of 35mm Co, a reusable film camera brand, Madi’s entrepreneurial journey began while she was still studying business at university.

In 2019, during her first year of university, Madi got the idea of starting her line of reusable film cameras after selling an old SLR film camera on Facebook Marketplace.

By 19, Madi used $50,000 of her savings from working at a supermarket to launch 35mm Co. The brand’s debut product, The Reloader, aimed to provide a beginner-friendly, affordable alternative to disposable cameras.

With her business rapidly growing, Madi dropped out of university to focus on 35mm Co full-time.

The cameras, priced from $119.95, are available in seven colours and are now sold in over 200 stores across Australia, with plans to expand to international markets like the UK.

A standout moment in her journey came when she appeared on Shark Tank in October, securing a $300,000 investment offer from two investors. At that time, the brand had already surpassed $4 million in sales.

The exposure led to significant retail distribution deals, including partnerships with major retailers.

Her advice for aspiring entrepreneurs is simple: “Get close to your customer and understand their key pain points to validate the need for your product.”

She also emphasises the importance of taking risks, saying, “You will only regret the risks you didn’t take.”

Source: 7 News.

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Latest News

Mediterranean diet health benefits update with new info

By Lisa Radinovsky from Greek Liquid Gold. The health benefits of the Mediterranean diet have earned it widespread fame, from social media and TV to cookbooks and...

Rare 3rd millennium BC burial discovered during excavations in Rafina, Attica

A highly significant Early Bronze Age pithos burial, dating from 3200 to 2000 BC, has been uncovered in Rafina.

Greece rolls out digital passport system to speed up applications and boost security

Greece has introduced a new digital platform that modernises the way passport applications are processed.

From Kythera to Boston: The Greek pianist setting fire to classical music

Kyriakopoulos has already carved out a career that places him amongst the most promising Greek pianists with international acclaim.

John Doulgeridis’ Carlisle Homes among Australia’s quiet profit giants

John Doulgeridis is among a new wave of reclusive entrepreneurs whose success has only recently been quantified.

You May Also Like

Pontian Greeks of Australia send supplies to Evros border guards in Greece

Pontian Greeks of Australia have provided 353 flashlights to the border guards at Evros, Greece, to help boost their protection.

AEGEAN is once again the “Best Regional Airline in Europe”

AEGEAN has been named the “Best Regional Airline in Europe” at the prestigious World Airline Awards 2024, for the 13th consecutive year.

Greek lawmakers vote to investigate wiretapping scandal

Lawmakers voted for a parliamentary investigation into the phone tapping of PASOK leader Nikos Androulakis by Greece's intelligence service.