Brian Sloan threw caution to the wind when he quit his law career to start up an online sex toy business in China that rakes in over $1 million a year.
Scrapping the usual auction technique most product distributors take, Sloan and his collaborators at Very Intelligent E-Commerce Inc, are focusing solely on internet sales. Their newest product, a sex toy for men called ‘Auto Blow 2′ (you can probably guess what it does), was launched through Indiegogo, a crowd-funding site for small businesses. Their goal was to raise $45,000 but the product has exceeded expectations and raised over $260,000.
Sloan explains that his success is down to the fact that many people in the industry don’t know how to market through the internet, something he’d been doing on the side during his law training to make extra dough.
His move to China came after repeat visits to auction markets where he was “buying and selling everything from human bones to alligator shoes to truckloads of furniture to used medical equipment to vintage mannequins.” From this he made friends in Beijing and found the place an inspiration as it was filled with “interesting entrepreneurs from all over the world”.
Sloan has big hopes for this niche market, “We are sure that we’ll at least double revenue within the first year … and will try our hand at offline sales to resellers”.
Look out for Autoblow 2 on internet sites world wide.
Check out this NSFW-ish vid of Sloan showcasing his latest product.
[Image and video via sourcefed.com]
By Sophie Regan