It is never too early for a young entrepreneur to tap into his potential and develop a skill set that matches his vision. High school and an obvious career in his family business of restaurants were not as exciting as a model that allows him, at just 20 years old, to make a multiple-six-figures annual income that will soon hit the $1 million mark, even topping $100,000+ last month alone. Australian Lukas Tsimopoulos started by trading a few coveted products on eBay when he was 14, and today he has achieved financial independence through several online drop-shipping projects that simplify the logistics of e-commerce with the help of technology.
Sharing on Social Media, a Very Successful Model
Lukas doesn’t even need to touch or see the product he is trading from the actual manufacturer to the final recipient. Working with trusted suppliers, with his laptop as the only necessary equipment, he can make a huge profit while maintaining an easy-to-scale business. People didn’t notice him at the beginning, but Lukas was becoming wealthy and now continues that trajectory even in the era of the pandemic.
He soon felt the need to show other people how that’s even possible in such a limited amount of time and the secret sauce behind it. Nearly 80 thousand Instagram followers are today obsessed with his well-documented story, which is, at the same time, a useful interactive guide to young entrepreneurs. He receives countless messages and replies to them all. He is determined to connect with people, remembering that he was also hoping for answers from his mentors when he was sending them messages online as a beginner. The slightest amount of advice mattered to him a lot. He looked up to some people and counted on their feedback. He wants to offer something similar to his followers, rewarding their commitment.
Finding a Niche and Optimizing Strategies
Tsimopoulos tried many sectors from tech to fitness, had small failures and found a great niche in the realm of beauty and health. Lukas now explores and innovates within this niche, refining his profit-making strategy and planning for cost-effective solutions. Optimization stands at the core of his plan because he doesn’t want to waste time and energy on projects that are not worth it. This careful approach has already catapulted him to financial stardom. Young people with a similar path are undoubtedly in the minority.
Picking the Right Sector and Entering the Right Moment
Lukas entered the online market at a crucial moment when humanity was experiencing lots of massive changes, including the explosion of social media influence, the rise of e-commerce, the fall of physical retail, and above all, the global coronavirus threat that is restricting communication into primarily virtual forms. Sensing the trend and responding to current needs, he is among the catalysts to a smooth transition as part of another tech revolution. People are now working from home, as he already did. They are shopping online because this is the safest way to receive health and beauty essentials on their doorsteps.
Things will improve, and he will again be able to do what he loves the most: traveling and working from any corner of the world. For the moment, though, he makes sure that customers get what they need. It’s quite a pivotal moment in history where we all must adapt to a new tech-defined normal. Sticking to his goals was never an easy feat; he will still do his best to get rewarded. One thing that has already placed Lukas ahead of his competition is that he does not take anything for granted or at face value. He tests rethink and use a critical mind to debunk myths that have been rooted in his upbringing and education, never resting on his laurels.