This week we are delighted to bring you a fascinating interview with Deji from Space Evolution, a thriving Amazon business. Deji currently has an ~$8,000 working capital loan listed and investors will have to move fast to earn excellent returns. Deji’s loan will only be available for a few more days. Let’s get going 🙂
Hi Deji, thank you very much for taking the time to talk to us. Could you start off by telling us a little about your background and Space Evolution?
Hello Everyone. I am an architect by training, a PMP certified project Manager and have always had a burning desire to start my own business. I had tried my hands at number of things but never had any long term success.
In November 2014, I decided to sign up for an online course on how to create a private label business using Amazon.com as the sales channel. There are millions of products on amazon and the question was which one to start with? I went through the Amazon best seller list and ended up selecting a large capacity CD storage case.
In January 2015 I launched my brand Space Evolution® on Amazon.com and after lots of ups and downs ended 2015 with a total of $47,000.00 in annual sales. This was really exciting for me! It was my most successful business venture.
How come you ended up starting this business and why have you chosen this particularly niche?
So basically I started this business because of the online course I signed up out of my desire to be an entrepreneur. The course was so helpful that I decided to attend a live event of Amazon sellers in Las Vegas to broaden my knowledge and network with other Amazon sellers from all around the world.
Continuously learning new tactics has been critical to creating a successful strategy so far and I constantly take new courses and belong to mastermind groups of Amazon sellers. After my first random product, I launched a couple of other products related to organization and storage, so I kind of stumbled into this niche. I do have other products unrelated to this niche, but generally I try to work around products people can use to organize and store things.
What do you hope to achieve with your loan and why did you choose Bitbond over a bank?
2015 was my year to learn. By 2016 I had really expanded my product lines, I got my brand name trade marked by the United States Patent and Trade mark office (USPTO), built up my network of associates, suppliers and freight forwarders, and ended 2016 with total annual sales of $147, 000.00. To take things to the next level in 2017, I need more funding to increase my inventory order quantity with my suppliers.
This will get us better prices and improve profit margins. It will help to also improve my ability to keep our products in stock, eliminate lost sales and boost monthly revenue. The overall goal is to improve sales to at least $25,000.00 a month and profit margins to between 25 to 30% over the next 12 months.
A Bitbond loan over a bank loan is a great option for me because most of my transactions with suppliers is in dollars, I tend to lose a lot of money with wire transfers and currency conversions from my local currency to dollars. Getting a loan in Bitcoins will save me a lot of money because Bitcoins cut across all those limitations of Fiat currency.
What is your favorite feature on Bitbond? What features do you think are missing?
I love how you can reach out to people from all around the world. I get to engage so many people in my online business and the diversity is just really exciting. I get that same feeling from the Bitbond global community and it enriches my experience running and online business.
I think the “follow” feature on Bitbond is great, but wish there were more ways to reach out to other users and engage them in discussions about loans and investing. Expanding the ability to network will really take Bitbond to a whole new level.
What would you want potential investors to know about your loan?
Trust is important and people want a person they can trust. This loan is just a small step towards helping me achieve my goal to establish a global brand that delivers value to people. I still have a long way to go but I won’t give up. I aim to deliver value to my investors not just now, but repeatedly. I am pretty sure I will be using Bitbond a lot more.
My business is growing, the potential on Amazon is huge and I have learnt and continuously improve on the profitability of the Space Evolution brand. I have worked for quite a few large corporate organizations through my career so I know how important it is to build a reputation that is trusted.
What do you think the future holds for bitcoin? Is it the modern-day equivalent of the internet or will it fall flat on its face?
I think Bitcoin has a lot of potential in the future. It will face the challenge of proving to be better than other digital currencies but I am confident that it will pull through.
I see lots of online communities and businesses that have developed around Bitcoin. As more innovative ecosystems like Bitbond emerge, it can only get better and adoption of bitcoin will continue to grow.
As a business owner, do you accept bitcoin? If not, what do are the chances of that changing?
We don’t use Bitcoin right now in my business, but through my interactions with other Bitbond users I have discovered services that facilitate Amazon purchases with the use of Bitcoin.
I constantly educate myself so I will do a lot more research to see how viable this can be. If I can save money on bank charges and transfer fees using these channels, Bitcoin could very well become a major part of my business.
Thank you very much for taking the time to talk to us Deji. Investors only have a few more days to invest in his excellent working capital loan.
Thanks for reading 🙂