How Ben Federman Bootstrapped His Daily Deals Company

Learn how Ben Federman built a successful online business and why you should invest for the future, not just the present.

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Several years ago, “At the age of 23 and with a combination of cash, credit cards and other loans, I started my company,” said Ben Federman the CEO of 1SaleADay.com. “For six months it was just me, working out of my living room. At the end of six months I had enough business that I needed to lease space for our operations.”

Today, Federman has built 1SaleADay into a daily deal website that offers one deal in each of their five categories: Main, Wireless, Watch, Family, and Jewelry. Each deal is posted at midnight EST, and is available for 24 hours. 1SaleADay is in a market that “continues to be on fire when it comes to investments and attention. In 2011, the industry rocketed from ‘the next big thing to watch’ to demonstrated success and profitability,” said Boyan Josic, CEO of Daily Deal Media, the leading publication covering the daily deal market.”

Learn how Ben Federman built a successful online business and why you should invest for the future, not just the present.

 

Company: 1SaleADay.com
Founders: Ben Federman
Location: Miami Lakes, FL
Industry: Retail
Startup Year: 2006
Startup Costs: $100,000

How We Got Started:

I was always a fan of selling consumer electronics and other consumer goods. After being discharged from the Army in 2003, I began working at a camera store to save up money to do what I really wanted — start my own business.

In 2006, at the age of 23 and with a combination of cash, credit cards and other loans, I started 1SaleADay.com.

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