Posted on 12/05/2021 9:25:35 PM PST by Chicory
Even though she's still in primary school, the Australian pre-teen has created her own company called Pixie's Fidgets - with her mum Roxy's help of course.
The mum-and-daughter officially launched the toy business in May - and in the first 48 hours, their colourful popping toys had completely sold out.
What's more, PR guru Roxy told Stellar that the company turned over $200,000 [£105k] in its first month.
(Excerpt) Read more at thesun.co.uk ...
How is this possible? It seems like either they have to have thousands and thousands of the product to sell, which would require a lot of money upfront, or something.
But this just seems to not be logical to me, like there is something in the middle of the process that is not being mentioned, like what a person who sells her craft products tells me about the years of selling small amounts at farmers markets, but even then, there is a gap from making it in your kitchen to the big time.
(I am posting this in General Conversation, not News)
I watched the video and, honestly, I don’t think she knew anything about the ‘product(s)’ She had to look at the labels to read what they were even though the colors were clearly different and she had to smell them to know what they are... and the butter slime as opposed to what and surprised to see sprinkles/dots in the stuff? Frankly, I think she’s just the young enthusiastic face of the product. Probably mama or daddy are the real engines of that company. JMO...
They live in a >$6 million mansion in Sydney, Australia.
I call BS and wonder what the parents are doing to set their country straight.
I call BS and wonder what the parents are doing to set their country straight.
Maybe it's a way of getting around estate taxes. Pretend that the child earned the money.
Well, it wasn’t that she herself was so young that brought up the question—I see articles about people who are adult doing this.
I guess it kind of seems like it would be clickbait *except* that they don’t go anywhere, not like those ads about someone doing that one weird trick for...
Does the $6M-house explain it? I mean, they might have the money to lose if the product doesn’t sell.
I think the mom, Roxy is the real businesswoman.
“Roxy bought a Mercedes Benz for her two children, which is identical to the one she has already bought them.”
I look at mother and daughter in a photo, it is Roxy, the mom who has those wide, frantically frenzied eyes I ususally see in a developing business person, someone with real fire in the belly. Steve Jobs had that look at times early in Apple.
Her child looks calm and relaxed, as most children would be, considering mom is doing most the ‘driving’ right now.
My question isn’t about the youth of the girl—I assumed it was the parents doing it because I knew a family that did that (and this made the child in question **unbearable* for a few years til his parents made him start doing some of the work, ha ha!), but altho I think they hopwd to have estate taxes to avoid by doing this, it started small and only grew a little bigger.
So maybe that is why I always wonder about the middle part, from kitchen table to huge amounts.
“Maybe it’s a way of getting around estate taxes. Pretend that the child earned the money.”
I can’t understand how parents can be so naive.
I would NEVER put my young daughter out there like that. There is so much wrong with the scenario I’m not going into it all, but you’re probably right.
And in 15 years we’ll be seeing headlines about her suing her parents for the rights & profits. /s
At a loss of £105k. Stupid journalist doesn't know the simple difference between revenue and profit. Is there a path to sustainable profitability? I doubt it.
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IMO, the little girl is just the equivalent of an “influencer” face of the product for the typical target consumer (kids) this stuff is aimed at. There was a comment somewhere I read about mama being some kind of PR guru so that’s probably where the kid comes in. Marketing..
A child starting a company that hits it off big is a personal interest story rather than 2 retired marketing executives new company hits it off big... so they get free PR and brand recognition.
She may conceptualized her product, but undoubtedly her parents helped her with everything else.
A girl in my city managed to invest enough that, by the time she was 18, she was a millionaire.
She may conceptualized her product, but undoubtedly her parents helped her with everything else.
A girl in my city managed to invest enough that, by the time she was 18, she was a millionaire. To be clear, she earned this money herself which is what makes it remarkable in my books.
I noticed that the little girl’s hair is red yet nether parents hair is red... hmmm...
“like there is something in the middle of the process that is not being mentioned”
What’s Phase 2?
(For South Park fans)
There are children who can run a business. Of course, they are very rare. For example, Mike Wimmer, who is interested in robotics, runs a business or at least the technical dimension of it. He graduated from high school and community college at the age of 12 and has several contracts with the United States Special Operations Command...
https://www.youtube.com/watch?v=8hCALNnIzsY
“There are children who can run a business.”
Absolutely... Society tries to dictate with unwritten rules that if you are not an adult, you do not have a degree, and you do not have experience, then it is impossible and you should not be allowed to even try because you haven’t “paid your dues” yet.
I did it at 17. I found a niche need for a middle man. I saw an opportunity to become a wholesaler and warehouse item stock that retailers in the industry refused to invest in and inventory themselves. So they were always running out out of inventory. So I supplied the inventory on consignment and collected as it was sold. I started it with almost nothing and then invested back into it and by the time I was 23 had the wholesale business and two retail stores.
My advantage? Business knowledge. I grew up in business, my Father was self employed and simultaneously owned several businesses all his life and I grew up in business. Apprenticeships still work fine, but society falsely imposes the idea that it cannot be done without “paying your dues” to the system. “It is not possible at your age without paying your dues” is BS. It is a totally false perspective.
Profit!
Exactly!
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