Jameson Rodgers, CEO and Founder of N-E Where
Jameson Rodgers built a company that will bring in $15+ million in revenues after only two years. He shares his strategy for building N-E Where, an e-cigarette company, with listeners of the Earning Freedom podcast.
I reached out to Jameson with hopes that he would provide us with his secret to success. Turns out there isn’t any secret. The recipe for building a profitable business like N-E Where is the same recipe for building a great life. First, an individual must define success. That definition leads to crystalizing a vision. The vision leads the individual to create a plan. Then, day after day, the individual executes the plan that leads to the vision.
Jameson had a vision for building an e-cigarette company. The origins of his vision began because he wanted to lessen his mother’s addiction to nicotine. She had been a smoker for Jameson’s entire life. Despite his pleading with her to stop smoking, she couldn’t quit. When Jameson saw e-cigarettes on the shelves of a convenience store, he purchased some e-cigarettes for his mom. He had read that the e-cigarettes were less harmful to health than ordinary cigarettes. His mom liked the new products. That simple market research encouraged Jameson to learn more.
Electronic Cigarettes and E-Hookah
During our Earning Freedom podcast episode, Jameson Rodgers told me that he studied to learn more about e-cigarettes and the E-Hookah. Through his online research, Jameson discovered that a major tobacco company had purchased an e-cigarette company for more than $100 million. The company was only two years old and had 8,000 different retail accounts. When Jameson learned about the $100 million valuation, he took immediate action.
Vision:
The idea of $100 million business birthed a vision for Jameson. He could see himself persuading 8,000 stores to carry a line of e-cigarettes that he would bring to market. If he succeeded, he reasoned that he would have built a business that the market would value at $100 million.
Plan:
Jameson next created a plan. His research led him to learn that e-cigarettes were manufactured in China. After finding numerous suppliers, Jameson flew to China. After a few days in China, he secured a deal with a supplier. Jameson returned to the United States and further detailed his plan. He presented his plan to investors and they agreed to fund him with $100,000 in startup capital; without a plan, he never would have been able to make the persuasive case for investors to write checks that totaled $100,000. That capital allowed Jameson to purchase 8,000 products. He didn’t have one customer, but with his plan in place, he knew that he could persevere.
Execute:
Jameson tells the Earning Freedom podcast audience how he grew. Although he began without a single customer, through relentless execution of his plan, in less than three full years he has built a national distribution system with more than 15,000 stores selling his products. He is an inspiration to anyone who chooses to create something magnificent out of nothing more than sheer determination.
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