How Ben Francis Built Gymshark: 5 Reasons He Became a Self-Made Billionaire at 22

 

5 reason of ben Francis success

 Introduction:

Ben Francis is one of the youngest self-made billionaires in the world. He is the owner of Gymshark, one of the biggest clothing brands globally. His net worth is estimated at around $1.4 billion. While this sounds amazing, it took a lot of hard work and struggles for Ben to achieve this. Here are the 5 reasons how Ben became a billionaire by the age of 22:

1. Never Stop:

From the start, Ben took on various jobs, with his first being selling number plates, where he earned some money. Later, he worked as a pizza delivery boy. When he started his business, there was a time when he was making around 300 to 400 euros. Many people would say that this is enough to live comfortably, but Ben didn’t stop there. He continued to expand his empire, and by 2023, his sales had crossed $400 million a year.

2. Rise and Fall:

The rise and fall are a part of business, and the same happened with Ben. In the beginning, he developed a fitness app, which worked well initially but later flopped. Then, Ben started Gymshark, which gained quick success when, in just 30 minutes, $30,000 worth of clothes were sold. However, due to too much traffic, the website crashed, and orders were canceled. Some customers who hadn’t paid received the orders, while others who had paid didn’t. This incident caused a loss of over $100,000 and damaged customer trust. But Ben didn’t give up. He worked relentlessly, rebuilt his business, and regained customer trust. Now, Gymshark is one of the fastest-growing brands in the UK.

3. Do Everything You Can:

Ben did everything he could to expand his business. Many of us would stick to our professions, but Ben learned new skills. While in university, he learned coding, which allowed him to create his app and Gymshark's website. He also worked in dropshipping and as a pizza delivery boy. When he had no manufacturer for his clothing, he learned how to sew from his mother and grandmother. He even sold the clothes he made himself.

4. Different Ideas:

It’s often said that unique people get success, and Ben was one of them. He noticed what people needed and what was missing in the market. While working out at the gym, he realized there was no specific outfit designed for gym-goers. There are special outfits for weddings, swimming, and other activities, but nothing recognized specifically for gyms. With this idea, Ben created gym-specific outfits, and today, Gymshark is famous for its gym wear.

5. Taking Risks:

To achieve something big, you must take risks, and Ben did just that. When starting Gymshark, he invested all his money in buying a printer, sewing machine, and fabrics to make clothes. For two years, his brand made 200 to 300 euros a day, but that wasn’t enough for Ben. He wanted to do something extraordinary. At that time, a fitness exhibition was being held in the UK. Ben wanted to promote his brand there, but the rent for space was too expensive. Still, he managed to arrange the money and took the risk. The result was surprising: many celebrities tried his brand, and influencers promoted him. This boosted Gymshark so much that within 30 minutes, they made 30,000 euros in sales.