Greek Australian, Lukas Tsimopoulos, started his small-time eBay business at just 14 and now the 20-year-old from South Australia is making a staggering $100,000 a month by selling products online.
He told Australian media outlet, news.com.au, that he first started selling items on eBay as a teenager driven by “boredom” at school.
“When I first started my business ventures I was 13 or 14 and still at school. I started with eBay, selling random products on the side sourced from suppliers. I did it on and off to make enough money for a 14-year-old to get by,” Lukas told news.com.au.
At the same time, the Adelaide local was working in the family restaurant his parents ran until they sold the business. Lukas eventually decided to go out on his own, using his previous experience with selling on eBay to create a now lucrative online business.
Lukas’ business involves “dropshipping.” Acting as a middleman, dropshipping doesn’t require a business to keep products in stock. Instead, the store sells the product and passes on the sales order to a third-party supplier who then ships the order to the customer.
“I was just trying to make enough money to replace a normal income. I just wanted a decent income like $1500 a week,” he said. “I didn’t think it would turn into a $100k-a-month business.”
This success sees Lukas approached all the time by young entrepreneurs who want to do the same thing.
“Friends approach me and say they want to start dropshipping. But it takes time and work, it doesn’t just happen overnight,” he said.
Lukas offers a “blueprint” program to help get other entrepreneurs started with dropshipping, which involves detailed advice on how to create stores and validate products to be able to sell them online successfully.
“I’ve had a lot of people reach out. I offer a lot of free advice on my profile as well as open mentorship programs,” he said.
In terms of his future, Lukas plans “to continue to scale up and better myself.”
“I’ve earned money but that’s not my overall goal,” he said. “It’s to build brands and to continue to grow the business… I definitely want to grow the business beyond $100K a month.”
