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#48 - Izhak Ben Shabat On Building A Billion Dollar Empire
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In Episode 48 on The Millionaire Student Show, Sashin Govender dissects the Pain (Past), Price (Journey) and Prize (Result) of Izhak Ben Shabat.
He has one of the most impressive stories you’ll ever hear, a true rags to riches, a story that personally impacted and shifted me.
His brother and him immigrated to Houston, USA to start a family business. His family sold their house, car and furniture, flew over to USA and gave their all the money. They trusted a complete strange with all the money they have left to import goods from China to buy toys. Eventually the goods arrived.
So he called his friends back home to fly to USA at their our cost to help them sell the toys. After selling those goods they ended up making $4 million dollars, and that was the beginning of the business mogul he is today.
In 2000, him and his brother began selling Israeli Dead Sea products out of kiosks in shopping malls.
In 2005 they founded a company called Seacret as a skin care retail business which is now 20 years old. They expanded Seacret to 900 kiosks in more than 40 countries.
Until 2012 one of the most credible business tycoons who closed out the year 2020 being worth 87,3 billion USD, Warren Buffet advised today’s guest and his brother to take their business from kiosks to relationship marketing.
Today Seacret has done over 3 billion dollars in worldwide sales, paid out over $400 million dollars in commissions to their agents and recently just acquired a $4 billion dollar travel company to take their company from cutting edge wellness products in the skin care and nutrition industry to travel and become a world class lifestyle company. Their products are manufactured by L’Oréal which is the only company in the world that L’Oréal manufactures for and does not own.
ABOUT IZHAK BEN SHABAT:
He owns a multi billion dollar direct sales company who’s mission to have his Seacret products in every household worldwide, his mantra of his products is created created by nature, tested by science and proven by you.
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