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Saturday, November 28, 2020 05:00 AM (GMT + 7)
Moses Lam, 32, and Troy Paquette, 39, are the founders of Vitality Air, a company that sells cans of Banff Park air for sale around the world. The cans have a retail price of around $ 20, although the wholesale price may be much lower, but they are extremely profitable.
At first, the Vitality Air clean air tank product seemed like a “crazy joke”, but now it has become a real, profitable business. This is not a medical oxygen tank, customers from China to India, Mexico just want to buy a breath of fresh air.
The product was originally sold as a joke for everyone (Source: CNBC)
Founders Moses Lam and Troy Paquette sold their first airbag on eBay as a gift to poke fun at the recipient for $ 0.99. After that, this product quickly sold out and even made the “war” against price competition fierce. Some also sell similar airbags for up to $ 168.
Moses and Troy sold their first bottles of clean air in June 2015, a clever marketing idea in which air is something “no one can take, no one sell to buy” because it is available and free.
In 2015, they invested around $ 1 million to launch Vitality Air. They spent $ 60,000 on a truck and another $ 14,000 on a trailer. They rented a facility and turned it into a modern clean room to clean the air. Paquette fumbled with the device to suit his new business venture, and it was months before they were able to sell their first can.
The two men were forced to take special courses on how to collect and transport air, which cost more than $ 250,000. “It was a real headache for us,” Lam said.
Moses Lam and Troy Paquette (Source: CNBC)
In June of that year they sold their first can. Vitality Air’s revenue is just $ 30,000. In 2016, they rose to $ 230,000, continuing to rise in 2017, and the company’s sales, a combination of retailers and wholesalers, are expected to reach $ 500,000.
The company caused a huge media buzz when it first launched, and soon the two founders received emails from people wanting to invest in Vitality Air. The young people said that an investor in Dubai had invested almost $ 500,000. “Wow, that’s amazing,” Paquette said. If the investor is willing to contribute tens of thousands of dollars of participation in our company, this product is certainly promising.
Still, some scientists at a Canadian respiratory research agency argue that there is no clear evidence of the benefits of bottled air and that it is just a waste of time, money. silver. Even so, Moses and Troy say they still earn more than $ 300,000 a year from their products.
Source: http: //danviet.vn/thu-dien-ro-cho-khong-ai-lay-khong-gio-giup-chang-trai-tre-thu-chuc-ty-moi-nam …
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