Smart Idea
This company makes profits through demotivation.
URL:
http://www.entrepreneur.com/magazine/entrepreneursstartupsmagazine/2004/may/70576.html
What:Despair Inc.,
manufacturer of funny spoofs of motivational products, otherwise
known as "demotivators"
Who: E.L.
Kersten, Justin Sewell and Jef Sewell
Where: Austin,
Texas
When Started:
1998
Sick of the trite platitudes and "hang in there,
buddy" posters that plaster the office walls of overzealous
managers, this trio of entrepreneurs hit comedy gold with
Demotivators-their line of calendars, posters and such that parody
the motivational set. Meeting when they all worked for an Internet
company in the late '90s, E.L. Kersten, 44, and brothers Justin
and Jef Sewell, both 32, bonded over the fact that their
long-promised stock options didn't turn into the windfall they
were expecting. They happened to see a motivational catalog around
the office at that time, and, says Kersten, "We picked it up
and spontaneously began to parody the posters to relieve our angst.
One of [us] suggested we should sell parodies of these since they
would be more real."
They kept toiling away at their jobs, but once the Internet
company was sold and the entrepreneurs received a reduced sum of
money for their services, they pooled it to launch Despair Inc.
They immediately hit a chord. In fact, Despair Inc. hit a snag when
a piece about them hit the print version of The Wall Street
Journal (and not the Web site-only edition as originally
intended), and an influx of orders caused a small problem with
their credit card processing. Still, the creators of sayings such
as "Idiocy: Never underestimate the power of stupid people in
large groups" and "Success: Some people dream of success,
while other people live to crush those dreams" knew they'd
be able to handle the crisis with their signature humor and
proficiency for communicating with the masses. Products are now
sold via their online store and their successful print catalog as
well as in specialty gift shops.
Today, Despair Inc. has sales in the $4 million range with its
signature Demotivators line, The Pessimist's Mug, and its
BitterSweets line of candy hearts for the unlucky-in-love crowd
(come on, who doesn't want to pelt a smug couple with an
"Aim Lower" or "Prenup OK?" candy heart?). Says
Kersten, "We're just poking fun at human weakness and
foibles."
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