Young Millionaires
John Jerit, 37
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- Richard Allred, 36
- Phil Shawe, 30, and Liz Elting, 33
- Alexis Abramson, 32
- Andrea Keating, 38
- Brad Aronson, 28
- Walter Latham, 28
- Tarina Tarantino, 30 and Alfonso Campos, 30
- Per Welinder, 36 and Tony Hawk, 31
- Dennis D'Alessio, 34
- Rosemary Jordano, 36
- Mike Manclark, 35
- David Watkins, 31
- John Jerit, 37
For John Jerit, success took a name change and some backbone. While
working for a fireworks company, Jerit and his partner bought and
sold 3-D glasses called Laser Viewers. But he soon found they cost
too much and that "fireworks people" didn't like the
name Laser Viewers. So, in 1990, with $85,000 in savings, he
acquired his part-ner's half of the glasses business and
started his Bartlett, Tennessee company, American Paper Optics,
renaming his novelty items 3-D Fireworks Glasses.
Hawking his products carnie-style at fireworks shows, or having
chapters of organizations like Kiwanis International and the Boys
Club of America do -it for a cut, required backbone. Upon deciding
to expand his 3-D glasses business beyond the 3-D fireworks model,
however, everything changed. Within a year, Jerit's $400,000
sales goal was surpassed, and this year he's expecting $6
million.
Each pair sells for pennies, but -when companies all over the world
purchase from the 12-type assortment en masse (we're talking 20
million units) for promotion and retailing, 3-D glasses seem a lot
less kitschy.
Aside from meeting impossible deadlines on unbelievably large
orders from accounts like a KISS concert tour and National
Geographic, success has come through marketing-at trade shows,
through direct mail, on the Internet, you name it. "It's
about staying in the public eye so when a big project is out there,
you're considered for it," Jerit says. "If you
don't know about it, it means you haven't done your
homework."
Contact Sources American Paper Optics Inc., (800) 767-8427, http://www.3dglassesonline.com
Birdhouse Projects Inc., http://www.b-house.com
ChildrenFirst Inc., http://www.childrenfirst.com
Crews Control Corp., (800) 545-CREW, http://www.crews-control.com
Icon Lifestyle Marketing, 37 W. 17th St., #7W, New York, NY
10011, (212) 929-3800
i-frontier Corp., (215) 755-2250, brad@i-frontier.com
Latham Entertainment, (310) 385-0300
Leading Edge Aviation Services Inc., fax: (714) 556-4023,
mikem@leascorp.com
Mature Mart Inc., (404) 881-9816, alexis@maturemart.com
Tarina Tarantino Designs, (213) 694-1998, http://www.fashiondish.com
Toes on the Nose Corp., (714) 513-1500, http://www.toesonthenose.com
TransPerfect Translations Inc., (212) 689-5555, http://www.transperfect.com Content Continues Below
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Young MillionairesFrom bootstrap to big time, our 2008 picks share their secrets to multimillion-dollar success.
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