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Success Stories
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Profits Are Rolling Over, And In, For
Dogtoys.com, Inc. |
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By Brian O'Rourke
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If you're looking for the perfect toy for
that perfect pooch in your life, then Jill Gizzio, the founder of Dogtoys.com, Inc., can help you. Started in 1997 with $20,000 in personal savings, the company's success has reached far beyond that of Gizzio's first expectations. In 2000 alone, Dogtoys.com had sales of over $600,000. It is a niche company that sells only toys. Gizzio says the toys are all unique and of high quality.
Gizzio says that she comes from a family
that encouraged "entrepreneurial thinking." She has had hundreds of ideas for businesses and Dogtoys.com is her second attempt at starting one. Her first business was a 70 seat deli in Scripps Ranch, California. Her failure at that business taught her valuable lessons about how to survive the "start- up" years.
She learned that you don't have to start
at the bottom of the food chain just because you are a new business. Gizzio says, "You must convince suppliers that you deserve a better deal, better pricing, and whatever else you can negotiate. If they do not assist you, you won't be around long enough to remain their customer. One needs to maximize profits from day one."
The pet supply industry has a renewed
respect for Dogtoys.com. Gizzio's company was the first pet product Internet company in the industry, and now is the last one standing. Many Internet pet supply companies have had their failure highlighted by the media in recent months. Dogtoys.com, however, is still standing strong. This gives credibility to the company and gives Gizzio the leverage she needs to make better deals and strategic relationships within the 25 billion dollar a year industry. |
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Gizzio now has other sister websites of
Dogtoys.com. There is Cattoys.com, Petsavercoupons.com, and Retailpets.com. The idea for Dogtoys.com came after she realized how much she was spending on dog toys for her own Jack Russell Terrier, Brownie.
Gizzio said that the idea for Cattoys.com
came from customers expressing their feelings of neglect over her company selling exclusively dog items. The market for cat toys is almost as large as those for dog toys. Thirty-two million U.S. households have at least one cat, and thirty-nine million U.S. households have at least one dog.
EnTrends asked Gizzio what a typical
workday as the founder of Dogtoys.com involves. She said that it usually varies, but before she had employees, it was an all consuming endeavor. She worked morning, noon, night, and kept her vision alive in her dreams. Now, with six employees, she spends her mornings, the time when she feels the sharpest, drafting new marketing ideas and establishing new business relationships. She spends her afternoons knocking out e-mail replies and returning telephone calls. |
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EnTrends also asked Gizzio what she likes
most about being an entrepreneur and who has been instrumental in her success. She says that she loves to win at anything she does. It's a thrill. As an entrepreneur, she gets to name the game...compete in areas where she knows her competition is weak and pronounce herself the winner. She says it's good for the soul and fuels her desire to work harder.
Gizzio says that her number one inspiration
is her dad. He gives her the emotional support she sometimes needs. He has had many entrepreneurial successes and failures, and at the age of seventy plus, he still runs two companies.
Gizzio says that much of her free time is
spent in areas completely different from work. She loves to window shop, watch old movies, and do any activity that lets her mind wander. It is how she feeds her creative side without it feeling like work or school. The other half of her free time is spent sharpening her financial skills. Gizzio says that she is addicted to CNBC and reads business journals, magazines, and other financial articles daily. (Perhaps EnTrends?)
When asked what advice she would give
to other entrepreneurs, Gizzio responded, "Believe in your strength, even when you feel weak. Don't ever listen to someone who is negative about your ideas. Starting a business is like learning to paddle a canoe. Rather than standing on shore thinking about the journey, jump in as soon as you can and go. Learning to go (paddle) is the most sure way of sculpting a successful niche." |