How This 17 Years Old Launched 2 Businesses and Made $1.2 million in a Year
Business ı By Rochdi Rais
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Hong expands his business
Later, Hong knew that he had to grow his business and cover business expenses. He used a $5,000 loan from his grandparents and relied on a printing business to turn his shirts ideas into reality. Hong’s business makes unisex casual wear with creative and eye-catchy design. With that, Olaga Studios — Korean for “going up” — was born. “Nothing happened for like a week,” said Hong. “Then, on Monday morning, there were like 15 orders. Fifty at lunch. Eighty by evening. That week, I sold 300 shirts.” After 3 years from the launch, Hong’s business has become a success. The young entrepreneur has gathered $1.2 million in annual sales in six Asian markets and has even ranked as number 1 in Style Share’s t-shirt category. Resultantly, Hong started expanding and employed 12 people in his team to run the website and even paid back for the school fees at the American international school in Seoul. “Before, I thought business was just about making lots of money,” said Hong. “But after moving school, I had some good education.” “My teacher said that my experience could be used to create a business to help others,” he added.
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