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How this entrepreneur went from a crack addict to a self-made multimillionaire Published Wed, Sep 20 8: The self-made multimillionaire and infomercial superstar created the MyPillow empire from scratch in He did it while addicted to drugs. It is also one long, strange trip. He clashed with the manager, but he believes the manager sparked his entrepreneurial spirit. Hey, guess what??? From doomsday bunkers to MyPillow and guacamole gadgets stay tuned — that episode is coming up Jan.
You can listen to it free on Apple podcasts! Click here to get started. In the ’80s, Lindell tried to make money in a variety of ways. He started a carpet cleaning business after his sister’s apartment became flooded. It didn’t always go well. He thought the dealer was cheating him. Outraged, the then year-old kid from Minnesota called over the pit bosses.
He’s second dealing me! That went south when the pigs broke out of the pen he had set up in a residential area. Then “the hog market collapsed and I lost everything,” he says. That was followed by a lunch wagon business he started after hearing how successful they were in California.
The boss gave the go-ahead. It’s gonna be called MyPillow. What do you think about it? Eventually, Lindell had made several dozen pillows, and he went to the local Bed, Bath and Beyond.
How many would you like? However, one buyer was a man who ran a local home show in Minneapolis. Lindell said the man was so impressed with the pillow, he invited Lindell to come to the next show. That’s when sales started to take off. During this time, Lindell’s marriage broke up, he lost his house, and he almost lost his business. In March , Lindell said, he was awake for at least two weeks doing crack. He tells an incredible story about his dealer, Lee, who put the word out on the street that no one was to sell Lindell any more drugs until he got some sleep.
Still, Lindell tried to score that night after Lee fell asleep, but no one would sell him even a single rock. I’m going to take a picture. You’re going to need this for your book. He looks haggard and disheveled. It will be on the cover of his upcoming autobiography. Even after all that, it would take another 10 months for Lindell to really hit bottom.
On Jan. His desire for any form of cocaine “was just gone. A local newspaper profiled Lindell and the company. The day the story came out, he was back in Vegas making some money at the card table.
Lindell always had his phone set to ding every time an order came in. Suddenly, there was a ding, and the dealer asked him about it. Make an infomercial. But even that endeavor had its own strange path to success. The night before the first taping, the producers discovered Lindell wasn’t good at reading a script. The results? First, California authorities sued the company for making unsubstantiated health claims.
Lindell said he settled rather than go to court. He insists business is back on track. The reason? The company’s never-ending 2-for-1 price “deal,” which goes against BBB standards because Lindell is manufacturing his own product and is therefore his own wholesaler. Trump asked to meet Lindell last summer, and the president highlighted MyPillow as a great example of manufacturing jobs in the United States.
Lindell was impressed. He’s focusing more on his foundation, which channels funds to inner-city programs. There’s the upcoming book, and maybe a movie, with the help of his friend, actor Stephen Baldwin. It’s a crazy story. It’s also a business story, and Lindell has a few pieces of advice for novice entrepreneurs. First, if you invent something, get a patent. Even if it’s a provisional patent, it will protect your idea.
Lindell did so after a large pillow company rep suggested to him that someone might try to patent his same idea simply to keep such a product off the market. Second, fight for better shipping rates. Lindell didn’t realize for a long time that he could command better pricing based on volume. It’s tough for entrepreneurs when they’re small to get good prices on stuff.
More than anything, Lindell hopes his story convinces other people struggling with addiction that things can get better.
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How this entrepreneur went from a crack addict to a self-made multimillionaire Published Wed, Sep 20 8: The self-made multimillionaire and infomercial superstar created the MyPillow empire from scratch in He did it while addicted to drugs. It is also one long, strange trip. He clashed with the manager, but he believes the manager sparked his entrepreneurial spirit.
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