• News
  • Film and TV
  • Music
  • Tech
  • Features
  • Celebrity
  • Politics
  • Weird
  • Community
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
TikTok
YouTube
Submit Your Content
Woman, 35, turns her eBay side hustle into $141 million company

Home> Community> Life

Updated 17:15 19 Jul 2024 GMT+1Published 17:16 19 Jul 2024 GMT+1

Woman, 35, turns her eBay side hustle into $141 million company

Tori Gerbig is proof that you miss 100 percent of the shots you don't take

Joe Yates

Joe Yates

google discoverFollow us on Google Discover

Imagine being able to quit your nine-to-five job and concentrate on your passion - the absolute dream.

Well, that dream became reality for Tori Gerbig who started selling clothes on eBay way back in 2011.

Initially, it was just a small side hustle for Tori, but over time it snowballed into one of the fastest growing online retailers in the US - and made a staggering $141 million in sales in 2021.

So how did she do it?

Advert

Tori Gerbig started the business as a hobby when she was 24. (Instagram/@torigerbig)
Tori Gerbig started the business as a hobby when she was 24. (Instagram/@torigerbig)

It all started when Tori was just 24 years old and co-founded Pink Lily with her husband Chris with an investment of just $300 in clothes to sell on the electronic auction house.

It seemed like the gamble was slowly paying off as the pair typically made between $300 and $1,000 each month in the first few years - money they used to pay off student loans and reinvest into the business.

It soon became apparent that she would be able to quit her $35,000 salary job working in the insurance industry and concentrate on her side hustle.

However, things quickly grew and in May 2014, Pink Lily began making $100,000 in revenue every single month.

Writing for CNBC, Tori explained that they had needed to be prudent with their business goals as they didn't have any backing.

Now the business turns over a staggering amount. (Instagram/@torigerbig)
Now the business turns over a staggering amount. (Instagram/@torigerbig)

She wrote: "Without funding or assurances of what was ahead, we took the risk and set ambitious goals. I focused on leveraging my sales and social media knowledge to grow our outreach while Chris incorporated his finance expertise to structure operations."

The company's growth continued and by 2019, it earned a huge $70 million in sales - as well as opening up a flagship store in Kentucky two years previous, and moving into multiple warehouses.

Now, the company sells thousands of products every day and has some 250 employees, reportedly making it one of the biggest employers in Tori's home town of Bowling Green in Kentucky.

Tori puts the success down to a consistent business strategy, including making the company's branding clear and featuring customers who post on social media in their new outfits.

She also advises anyone wanting to do the same to reinvest any profits they make, and to find a gap in the market.

So if you have a hobby or a passion there could be a small fortune, or large fortune in Tori's case, in pursuing it - you miss 100 percent of the shots you don't take!

Featured Image Credit: Pink Lily/CNBC

Topics: Business, Fashion, US News, Money

Joe Yates
Joe Yates

Joe is a journalist for UNILAD, who particularly enjoys writing about crime. He has worked in journalism for five years, and has covered everything from murder trials to celeb news.

X

@JMYjourno

Advert

Advert

Advert

Choose your content:

2 hours ago
5 hours ago
22 hours ago
2 days ago
  • Getty Stock
    2 hours ago

    The countries where ignoring your boss outside of work is a legal right

    We all need time to switch off

    Community
  • Ying Tang/NurPhoto via Getty Images
    5 hours ago

    Hello Kitty designer steps down four decades after creating beloved character that isn't actually a cat

    Yuko Yamaguchi took over design duties for Hello Kitty in 1980

    Community
  • YouTube/MrBeast
    22 hours ago

    YouTuber attempting to beat MrBeast’s 100,000 counting record passes major milestone after 24-hour stream

    MrBeast's original 2017 video amassed a whopping 33,000,000 views

    Community
  • Getty Stock
    2 days ago

    Diagnosed psychopath reveals three traits that signal you could be one too

    Vic Path spreads awareness of antisocial personality disorder (APD) on TikTok

    Community
  • Gambler turns $5 bet into $10.1 million in one night in Las Vegas
  • Woman, 35, turns her eBay side hustle into $141 million company
  • Woman wins $1 million off scratch ticket without actually scratching it
  • Hawk Tuah woman Haliey Welch loans $10k to save hat company selling her merch