Sebastian Abondano And MyFunkyPlanet.Com
What it does: Sells toys with virtual counterparts
Founder: Sebastian Abondano, 24
Based: Port St. Lucie, Fla.
Revenue 2010: $1.3 million
Revenue 2011 (projected): $2 million
Sebastian Abondano was fascinated by the success of Webkinz, stuffed toys that came with a corresponding online persona for kids to play with in a virtual world. In 2008, while a junior at Babson College, he started his own line of toys that bridge the physical and digital worlds. My Funky Planet sells remote-controlled cars and helicopters that come with codes to unlock virtual replicas in an online game. Targeted at boys aged 6 to 12, the toys are manufactured in China and sold through U.S. retailers such as Toys R Us, Sears, and Discovery Channel Stores. They retail for from $20 to $120 and come with virtual currency that can be used to soup up the online avatars. Though selling virtual goods is not a big source of revenue right now, Abondano expects it to grow as the user base expands and players can eventually interact with each other in a game world. Abondano says the nine-employee company has raised $400,000 in seed money and has been profitable since its first year.
For more unusual ways to make money, visit this site.
[Via - BusinessWeek.com]
* - do you own a web-based business? We'd like to profile your website, too.
The Million-Dollar Idea in Everyone: Easy New Ways to Make Money from Your Interests, Insights, and Inventions
MrBeer Kit Review
IdeaSpotting: How to Find Your Next Great Idea
The Best Paid Review Deal On The Net
101 Businesses You Can Start With Less Than One Thousand Dollars: For Stay-at-Home Moms & Dads
Make Your Ideas Mean Business
Cool sites - PickyDomains.com, world's first risk free naming agency