The Fidget story: Allan Maman and Cooper Weiss who are 17-year-old high school students revealed that they have made about 350,000 dollars in last six months while selling these so called toys.
Getting bored? Have an urge to travel a lot? Or hit by a hyperactivity disorder? Yes! In that case, a fidget spinner seems to be just the answer for all of your problems! The airplane-propeller-like gadget that you can spin while doing other tasks is the latest sensation in the market. You are unlikely to come across a youngster who doesn’t own a fidget spinner these days and most of them should thank two teenagers: Allan Maman and Cooper Weiss, for making it possible. In a recent interview with CNBC, Allan Maman and Cooper Weiss who are 17-year-old high school students revealed that they have made about 350,000 dollars in last six months while selling these so called toys.
The process started when Maman was searching for a product that could help his attention deficit hyperactivity disorder (ADHD). He wanted to buy a fidget cube, a Kickstarter product that has raised over $6 million but the waiting period was too much. When he searched a bit more, Maman came across a similar product, the fidget spinner which was being produced by individual sellers on a small scale. From there, he got the idea of selling fidget spinners on a mass scale.
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Watch these cool fidget spinner tricks:
“I saw that my school had a 3D printer,” Maman told INSIDER, “so I was like, ‘I could probably do this myself,” he said. So, Maman teamed up with his classmate and friend Cooper Weiss. They started producing fidget spinners from the school lab and started selling them at $25 each. Soon, these toys became a hit and the duo started earning $500 per day. However, they hit a major roadblock when the school threatened to suspend them for using school property to make a profit.
The business shifted to the basement of Weiss’ parents’ house, an Instagram account was opened and the products were being sold online. “We didn’t go out, we didn’t have a social life, grades were terrible, we just non-stop worked,” Maman said. In six months, they have hired 30 employees for their company, have over 160,000 followers on Instagram and made about $350,000. All of this happened even before they finished their senior year.
“99% of our sales are from Instagram.” When asked why he and Maman focused mostly on Instagram, compared to Facebook or Snapchat, Weiss added, “Us being teens, we use Instagram the most, and we know what all the other kids are using.”