Studentpreneur Podcast: Stories Of Students Who Are Entrepreneurs | Student Entrepreneur | Young Entrepreneur |

SPP#43: Alex Sumsky, 850,000 facebook fans and counting

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Synopsis

Meet this week's awesome studentpreneur: Alex Sumsky, Business student at the University of Sydney and entrepreneur at Forever Network in Australia.  Alex started at 16 with a couple of friends. He had a passion for sport and liked to whoah people. He started to entertain  friends and then got into a network effect. Spending time one-on-ones was his best  market research. His venture stayed a hobby for a year and then turned into a business because of traction! It grew quick: 5,000 fans is the mark when your facebook page will start growing exponentially. At 18 he tried to monetise his 600k fans. He received  job offers straight from high school because of his business and then found. Alex got people from his job to follow them. He started in the US and then stopped and rebooted. Here are a few of his insights: 'Everyone's mistake: monetise too early but since I was a student living at home I didn't need to monetise. The longer you can postpone to monetise your fans, the stronger your relationship with them.