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.

Advertisement

Share:

KEEP UP TO DATE WITH TGH

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

Advertisement

Latest News

ANZ challenges $100m claim from former trader Etienne Alexiou

ANZ is contesting a claim by its former trader Etienne Alexiou, who alleges he would have earned $100 m had he not been dismissed in 2015.

Amanda Bardas appointed head of Val Morgan Digital

Amanda Bardas has been promoted to head of Val Morgan Digital, succeeding Brian Florido, who departed earlier this month.

Greece renews UNESCO appeal for return of Parthenon Marbles

At the 43rd UNESCO General Conference, Greek Culture Minister Lina Mendoni renewed the call for the return of the Parthenon Marbles.

Sydney travel agent admits $77,000 fraud after cancelling international trips

A Sydney travel agent has pleaded guilty to a scheme that saw her pocket over $77,000 by secretly cancelling clients’ international flights.

Nick Kyrgios set for ‘Battle of the Sexes’ showdown with Aryna Sabalenka in Dubai

Tennis star Nick Kyrgios will return to the court on December 28 to face world No.1 Aryna Sabalenka in a “Battle of the Sexes” match.

You May Also Like

Anthony Albanese confirms date of Voice referendum

Australian Prime Minister, Anthony Albanese has confirmed the Voice referendum will be held on October 14 this year.

Elderly residents refuse to leave Feros aged care facility in NSW amid imminent closure

A group elderly residents refused to leave Feros aged care village, which has announced that is closing on June.

Chrysanthi Nikolopoulou becomes first Greek female F16 pilot

The first Greek woman to pilot an F-16 fighter of the Hellenic Air Force (HAF) is here and her name is Chrysanthi Nikolopoulou.