Posts Tagged ‘Amazon’

Booktopia goes from $10 budget to $40 million business

Friday, July 18th, 2014
Photo courtesy of Alan Levine on Flickr

Photo courtesy of Alan Levine on Flickr

Online book seller Booktopia has been heralded as Australia’s Amazon.

The Sydney-based business started 10 years ago with a $10 per day budget as a side hobby for CEO and founder Tony Nash and now turns over $40 million per year.

Nash, a web marketer, said Booktopia first started in 2004 as an “evening side project” with his brother Simon Nash, sister Elana Traurig and brother-in-law Steve Traurig.

“I started my first internet business 18 years ago and we (the family group) had been running companies together,” he said. “For the first three years, we used another company to manage our website, because we never thought it’d be anything.”

Three years later, Nash said, they bought some shelves on eBay, rented a 60sm m site in North Sydney and started managing Booktopia themselves.

Since that time, it’s grown by leaps and bounds and now has a huge warehouse full of stock and welcomes Australia’s biggest authors in for book signings.

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