Gumtree was founded in March 2000 by Michael Pennington and Simon Crookall as a local London classified ads and community site. What’s the story on how Gumtree.com got started?
I think that when people start out to create a business be it bricks and mortar or an on-line venture they never think about how successful it could be or even if it will make them huge profits, for some people it’s a case of a desire to help people, or a project that they are passionate about.
Now everyone is familiar with Gumtree.com as the go to on-line classifieds and community website. Classified ads are either free or paid for depending on the product and the market category.
But just how did Gumtree get started, well I’ve had to do a little bit of google researching to bring you this post.
Well according to www.londonlovesbusiness.com who have a fantastic article on their website,
Title: The mysterious founders of Gumtree.com. The two friends Michael and Simon decided to build a website to help the huge numbers of Australian, South African and New Zealanders who were based in the UK at that time. The name Gumtree was chosen after they asked their target audience to vote on the names. To read the full article go here
So what happened next….
They nurtured and grew the business through four years. The website soon started to be profitable and was getting noticed. After receiving an offer from eBay they sold the business. So Gumtree went from dot.com start up, to being sold to a multi national business in just 5 years. If you are interested in how it was reported in the news you can still find that on-line here.
Guardian on Thursday 19 May 2005
http://www.theguardian.com/media/2005/may/19/business.newmedia
It just goes to show that online success can come in all shapes and forms, never underestimate the power of this relatively new industry.
The global digital marketplace is still growing are you going to be a part of it?
I’ve recently set up my own Shopify store and I’m getting ready to launch.
I followed this step by step Shopify setup checklist that I put together after going through the Tecademics live training’s.
I’m really excited about starting a new business, so I just want to share this with other people who might want to become e-commerce entrepreneurs in 2017.
You can join Tecademics as a free member. Tecademics has a special offer available at the moment, I don’t know how long this offer will be available, for those of you who want to set up your own Shopify store.
Special Offer
The first 30 days free, then the following two months are given at 50% discount for all Tecademics members.
I was blown away by content in the free training videos, that I joined as a member of the EC Entrepreneurs Club.
There is extra training inside of the EC paid members area to support you as an ecom seller.
Ecom Power Team with Lawrence Aponte & Chris Record
