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So -- -- -- ever dropped an iPhone knows how painful it can be to turn it over and realizing you crack your screen.
84 -- his turn that pricey inconvenience into a multi million dollar moneymaker.
Eighties here in studio today to tell us about his company I -- and how he's making cash repairing one screen at a time.
AJ thanks for coming in -- thank you for having me.
He started his company when you were still in college she decided to you do this instead of in turning your junior year about getting his summer job.
So what -- be the courage to really take the plunge and start your own business it's it's got -- A funny story.
I broke my found one too many times and was.
Probably Apple's best customer.
To have my phone replaced.
And I went to a career fair and had a bunch resonates -- flavor of the summer their first timer job.
And I was before I had talked to anyone -- I was.
Thinking about how would like tough the job market is and how incredibly.
Hard it is to not only be -- college invited -- post college find a job.
And and that it kind of fell on the place -- I had a broken found and I had -- -- myself few days prior.
And -- -- the the school library and I cracked really started in the library for the first year and a half.
-- so now you went from just you took over 400 technicians and I think -- iphones and iPod -- is an iPad.
All across the country and how does the process work if I break my aunt patty how you fix it up so it's we've weaved our whole goal is to make this a very seamless process for our customers.
We believe that it's 2013.
You shouldn't be traveling.
To -- -- making appointments.
And and essentially wasting time so.
We make a very easy get I cracked dot com.
You put in your location and some basic information about your device and one of our 400 -- -- travel to you and repair it at your home office or work and it's a if -- -- and incredibly user experience and we.
We we're having a blast that servicing these customers -- it sounds like it how much -- it costs to get your phone your iPod Touch iPad repaired it it depends on the model since there we service about twenty different models right now.
But it's anywhere from fifty dollars 250.
Dollars and down and it's a very.
-- generally takes about thirty minutes and you don't have to worry about it because we can be a nice and fast and why only focus on apple products yeah absolutely so wouldn't when we started out we knew we didn't -- you.
Diversify too quickly into.
And today android market we -- how fragmented that market as.
And and from a branding perspective.
And from a company perspective we can be the best in the world repairing these devices wolves were interested in -- -- but we're not united jump off and that just quite yet.
Okay -- have just under one million dollars in funding -- you're about to turn ten million dollars in revenue this year Harry making that happen yeah I'd we have an incredible team -- word word.
Bringing out about fifty I -- a month.
Com right now and then were were expecting to hire fifty to seventy.
Full time staff in the next year and our our team works incredibly hard and I couldn't be happier workers them.
So you have a new expressed buyback program yeah tell me how that worked -- -- to this this program is awesome.
So there's there about ten billion dollars in used iphones in people's sock drawers and they're desperately -- -- right now.
And and we think the system on telling them is essentially broken.
You you shouldn't have to mail it wait for -- Jack wait for revised offer.
You should press a button and -- -- -- come to you.
You get quote for how much we can pay for that device.
And it's often as we can target -- prepaid debit card -- and give you cash on the spot for your device and that that process takes about ten minutes and were.
We're happy to announce that we're doing in LA San Francisco.
San Diego and now New York.
-- here in New York wrote in Iraq or not that's an exciting new venture absolutely and you're young entrepreneur -- -- we just got news this week that about.
6% or fifteen million young Americans ages.
Sixteen to 24 are either not in school anymore -- they're not working I mean.
Are these people missing out on entrepreneurship why aren't they taking matters into their own hands -- you know I think.
I think there are some.
There -- I'd I'd love what I deal on the it's a very.
Very demanding job trying to run start up.
I think -- the job markets like very tough and and a lot of a lot of people ages sixteen to 24 it's on its very painful looking for a job.
And what's cool is what we can do is we we have a couple thousand people month applied to -- I tax -- and with this you can work -- -- on schedule -- service our customers.
And if you word the type a personality were looking for.
It is one of the equals jobs you can have it's you make incredible money and you we we funnel customers to -- -- -- We will aside from this new expressed buyback program what's next for I cracked -- so we we think with the ecosystem that were servicing right now.
Were rare -- city and into insurance anti -- repair my back and insurance altogether and we think that's going to be very par very powerful.
When when we have those three parts and and customers can.
You just says the AAA of their of their IOS devices AJ thanks so much for coming and -- you for -- me.
From meteoric Kate Rogers foxbusiness.com.
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