You can be on Entrepreneur’s cover!

Game On! 20 baseball bats spawned a fast-growing sporting goods store.

By Nichole L. Torres

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

Vital Stats: Lanny Morton, 37, and Deena Morton, 38, of Sportscloseouts.com
Company: A sporting goods retailer in Phoenix
2006 Projected Sales: $4 million
eBay User ID: Arizonaswede
Bottom of the Ninth: Lanny Morton knows what it means to get down to the wire. He was broke in July 2002 when his then girlfriend, Deena, suggested he parlay his love for sporting goods into cash by selling sports equipment online. "I bought 20 bats for $40 each. I sold them on eBay and made $500 [profit] in a week," recalls Lanny. "My brain kicked in and said, 'If you can turn product that fast, you could really build wealth quickly.'"
Rookie Season: "I didn't think of it as a business at first," says Lanny. "The idea wasn't to turn it into a big company." But after six months of stellar sales, the pair developed www.sportscloseouts.com.
Nothing But Net: Features like Buy It Now helped the Mortons turn over product quickly. The challenge was keeping up with customer demand and becoming more efficient at one point, for example the pair had so many customers they had to stop writing shipping labels by hand and find faster ways to create their listings.
Salary Cap: Growing so quickly provided a few scares, however. "We were growing to a level of volume that we didn't have cash reserves for," says Lanny. But the pair got better at managing their inventory levels and structuring their listings to maximize profits. Today, they have seven employees.
The Crowd Goes Wild: The biggest reward for these sports-minded entrepreneurs is the jubilant response from customers. Says Lanny, "I love it when we sell somebody a bat and they e-mail us [saying], 'Oh my gosh! My kid hit a home run! We love that stuff."

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business News

This Fan-Favorite Masters 2024 Item Is Still $1.50 as Tournament Menu Appears Unscathed by Inflation

The pimento cheese sandwich is a tradition almost as big as the tournament itself.

Business Solutions

Save an Extra 20% on the Ultimate Microsoft Bundle Featuring Windows 11 Pro, Office, and More

Pick up this package of popular Microsoft products for only a fraction of the price through April 16.

Business Solutions

Visualize Data for Better Business: MS Visio is $23.99 Through April 16

Set your team up for success with a reliable tool for creating organizational charts, diagrams, and more.

Business News

I Designed My Dream Home For Free With an AI Architect — Here's How It Works

The AI architect, Vitruvius, created three designs in minutes, complete with floor plans and pictures of the inside and outside of the house.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business Solutions

Scan Easier and More Affordably with This 20% Discount

iScanner is a mobile app that makes document management, editing, and sharing easier.