Dwolla’s Founder: From Selling Speakers On His Couch To Moving $1 Mil A Month – with Ben Milne
As a high school student, Ben Milne say on his couch till he wore a deep groove in it and sold speakers online. He says his promotion strategy in the early days was answer audiophiles’ questions on message boards and link them to his online speaker store, Elemental Designs.
Listen to the full interview to hear how he got his first customers, how he celebrated his first million and why he decided to sell the company.
To follow that up, he created Dwolla, which is like PayPal without the fees. Though it just recently went national, the company is already doing $1 million a month in transactions. You’ll hear in the interview how Ben is growing the company.
Ben Milne is the founder of Dwolla, which provides a free web based software platform which allows users to send, receive, and request funds from any other user. Dwolla’s maximum transaction cost is 25 cents per transaction. (bio by CrunchBase photo by Silicon Prairie News)
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