Innovation is the key to success in the modern world of variety. The world market is highly responsive towards anything out of the box and exciting, so the new trend of EDM and rave hit the market quite fast and thus came up the ‘EmazingLights’ as a successful enterprise.
The ‘EmazingLights’ is a retail company dealing with lighting gloves and such similar items. The company has an inspiring story of how it all started and reached such heights. Keep reading to know more about the net worth of ‘EmazingLights’ in 2018.
The Company was founded by Brian Lim in the year of 2010. Unlike other planned start-up businesses, this business started at the trunk of Lim’s car, in a parking lot. Lim was first introduced to the gloving trend at the raves by her girlfriend which grabbed his attention, and he finally decided to initiate this business worth $100 which evolved gradually but consistently with time. On realizing the attractiveness of these blinking gloves, he bought some microlights and made those gloves for sale. Within a week he could notice extremely high-profit gain and then in Dec 2010 finally he opens its first retail store at West Covina, California.
From the time of its start, EmazingLights did not pause or face a setback in its business, but it kept on growing larger and larger, setting an example for the world. The CEO of the company, Brian Lim dedicated himself completely to this company after he left his job at Deloitte and guided its way from a $100 project to a million dollar business. He successfully turns this one-man initiative into a 55+people operated project. With such a progressive entrepreneur, Emazin Lights has evolved in its variety as well, since it did not stop at making and selling LED light-fitted gloves only and went on to improvising the use of light in other EDM related objects.
To stop at only manufacturing and selling blinking gloves would be a halt to the growth of the company and so, Lim introduced two more EDM-inspired clothing brands. This widened the empire of EmazingLights. ‘Emazing Lights’ does not limit its purpose in profit-making, it also works toward developing ‘gloving’ as an art form outside the sphere of raves. So, it organizes the monthly, as well as annual gloving competitions at the stores. They also hold the International Gloving Championship annually in support of this trendy art form.
Net worth & Earnings
‘EmazingLights’ has grown more than 2000% from the year 2010 to 2013. In 2014, it witnessed around $12 million sales, and in 2015 it turned into $13 million. The Shark Tank deal with the investors Mark Cuban, and Daymond John promises more development of the company shortly. He made a deal of $65,000 investment against 5% equity in the company. As of now, EmazingLights has an estimated net worth of $25 million.
‘Emazing Lights’ is an exemplar for the world to make things possible with a dedication like Brian Lim did. With growth of 2000%, more is yet to come for this particular business.