Cigar Auction Success Stories [2024]
Cigar lovers unite—consider launching a cigar auction business. Imagine an online platform where cigar aficionados can bid on rare, artisanal, and vintage cigars, driving up excitement with each offer.
In essence, a cigar auction business is an online marketplace connecting sellers of premium cigars with eager buyers, creating a competitive yet fun bidding environment. You'd need solid backend support to handle transactions and inventory listings, and effective marketing to attract serious bidders.
Setting this up involves securing partnerships with reputable cigar suppliers, establishing an intuitive website, and ensuring compliance with tobacco sale regulations. The thrill of the auction environment is undeniably appealing, making this a potential hotspot for collectors and enthusiasts to gather and compete.
If you're passionate about cigars and have a knack for e-commerce, this could be a gratifying venture blending tradition with modern-day tech. The initial investment in technology and licensing paves the way for a unique, budding enterprise.
In this list, you'll find real-world cigar auction success stories and very profitable examples of starting a cigar auction that makes money.
1. Scotty's Cigars ($78K/year)
Scotty, the founder of an online business selling cigars and tobacco products, got his start in the tobacco business with a small kiosk in a local mall. Seeing the success of big companies like Amazon and eBay, as well as the opportunity with pipes and pipe tobacco, he decided to jump into e-commerce in 1999. Over the years, he made strategic shifts in product selection and rebranding, navigating changes in regulations and market demand, to build a successful online business.
How much money it makes: $78K/year
How much did it cost to start: $25K
How many people on the team: 6
Entrepreneur Scotty shares how he started an online business in 1999 selling premium cigars and pipe tobacco, eventually becoming the largest direct-to-consumer distributor of pipe tobacco in the USA and generating over $6.5k/month in revenue, and how he pivoted his business from RYO supplies to premium cigars and tobacco products.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
