How He Built 2 Ecom Brands Worth $128M From Nigeria | Abdul-Qawiyy | Ep.9

From $42 a month to $128 million at 21. In this week’s podcast, Abdul-Qawiyy Hammed shares his incredible entrepreneurial journey, which began in Nigeria, where his parents had a combined household income of around $300 per/month.

At just 14 years old, Abdul-Qawiyy earned his first $50 online as a freelancer. This quickly escalated to around $2,500 in just a few short months, however, he was unfortunately de-platformed due to his location.

Abdul-Qawiyy didn’t give up, he explored other options and stumbled across dropshipping, excited by this opportunity, where he discovered that he could leverage products to generate money instead of his time.

Although dropshipping from Nigeria also proved difficult, due to the restricted access of payment processors, bank accounts etc. As a workaround, Abdul-Qawiyy partnered with someone he’d met in an online forum, but that didn’t end well! (more on this in the podcast).

Yet again, he found himself back at the drawing board, but no less determined he found a way to establish a US-based business from Nigeria at age 15 and began dropshipping on his own.

As time progressed, he had 2 eCommerce businesses that did incredibly well (he shares his secrets on how he scaled these businesses in the podcast), age 21 he sold both businesses for a whopping $128 million.

Now 26 and living in Dubai, he is scaling his luxury watch brand, The Phynx, and leading his education and consulting business, that generates around $5 million per month.
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TheoClarkePodcast: Bi-weekly podcast with top eCommerce entrepreneurs: brands, agencies, SaaS & dropshipping, recorded in the heart of Dubai.
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CHAPTERS:
00:00:00 - From $50 to $2,500 in a Few Months
00:05:54 - Investing in Yourself and Skill Stacking
00:11:09 - Overcoming Setbacks and Building Successful Brands
00:16:43 - Collaborating with Comedians and Scaling Sales
00:22:28 - Learning from Mistakes & Identifying Necessity
00:27:52 - Documenting the journey from $0 to $100 million
00:33:48 - The Impact of Money and Living Below Your Means
00:39:29 - Accessing Residency and Building the Phoenix Club
00:45:01 - Building Brands and Achieving Success
00:50:34 - An Upcoming Household Name

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