Ask HN:social print studio makes $40 million profit per year?
He claims that they make $40 million profit/year. I took a look at the company and feel like this claim is totally preposterous. Last year facebook had about $53 million in profit (I know it's a different industry but that is A LOT of profit.)
This company is bootstrapped and has 10 employees. They make all their sales online yet their shop ranks in the top hundreds of thousands of websites on the internet which is not very high for their purported profits.
I don't believe they ship internationally, yet the country from which the 2nd greatest amount of visits come from is India (they SF based), which is 1/3 of the traffic from america where the most visits come from.
He says they outsource all the printing to China.
Doing the math, and let's say they have a 20% profit margin, that means they make $200 million/yr in revenue. Assuming the average purchase is $20, that means they sell 10 million goods a year, or roughly 30,000 goods/day.
Is there any possibility that this claim is true? I put together a top 50,000 website a few months ago and I get about 23k uniques/day. There's no way this company sells 30,000 goods/day based on their much lower web traffic.