Essex dad making £4.5million a year from idea he took from a friend
Ian Montgomery has turned XS Items into a business with a turnover in the millions, but the dad of two wasn’t the man who first came up with it
In November 2007, the first iPhone was launched in the UK – and Ian was perfectly placed to dive into the smartphone revolution.
It so happened that this was the exact time Ian was starting a contract where his firm would clean up the data and sort out repairs on mobile phones before selling them on eBay.
“We had come to the conclusion that the overhead involved in trying to deal with many individual items and customer expectation of value was too much,” he explained.
In fact, if they’d kept operating the old way, Ian estimates they’d have had just four months before the money ran out and they were forced to close up shop.
It’s fair to say the new model worked, with the dad of two having sold an incredible 190,000 iPhones in the years following its launch.
XS Items now has 42 staff, offices and a 12,000 square foot warehouse in Colchester and is set to have an incredible £4.5million turnover this year.