Open Enrollment | Subscribe to Dealerscope HERE
Connect
Follow us on
Advertisement
 

Geoffrey Lewis, WYNIT: Serial Entrepreneur

January 10, 2013
Get the Flash Player to see this rotator.
 
Instead, he spent his time selling ads for the school yearbook and newspaper. Fate intervened one weekend when he was visiting his parents’ home in Haverhill, Mass.

On the den table were three portable calculators, representing the cutting-edge technology of the time. His father, who worked in the shoe manufacturing industry, had picked them up from a client. Lewis asked if he could try selling them back at school. He placed signs around campus and sold them within a few days. He sent the money back home and asked for six more. Six eventually turned into nearly 200. Lewis never turned back.

During the next several years, he worked as sales manager at the Office Equipment Company of Rochester, where he learned the ins and outs of commercial sales (especially with copiers) and how to manage a sales force. He also worked with his father, overseeing shoe component manufacturing processes, a job that took him throughout Asia and Europe. Despite spending as much time in the air as on the ground, Lewis earned the equivalent of a master’s degree in import/export. He also picked up a few important lessons from his father.

“He taught me about the importance of building relationships with customers and suppliers,” Lewis recalled. “He said, ‘It’s not all about fashion and it’s not all about price. It’s all about customer service.’”

During a six-month hiatus plotting his next move, Lewis noticed an increase in grey-market sales of copier components and printer consumables. “Instead of cold-calling for hardware sales, I had a better idea. I’ll sell the supplies,” which few established players were doing at the time, said Lewis, who began leveraging his vendor contacts at Canon, Hewlett-Packard and elsewhere for supplies. “That was the beginning of my wholesale career.”

A beneficial turn to that career occurred about the time Hewlett-Packard’s laser printing began to take off. Canon was supplying HP its toner cartridges but couldn’t keep up with demand, causing extreme shortages. After a heroic attempt at trying to capture as much of the business as he could, Lewis received a call from his Canon contact, who said he could no longer buy the cartridges unless he became a full-fledged Canon wholesale distributor. Lewis signed on and the deal helped put WYNIT on the map. “I had arrived,” he said.

That move eventually led the company deep into the digital photography market (cameras, printers, memory, accessories), and many of the others it now serves.

“The key is to remain viable with disruptive technologies,” said Lewis, who lives in Providence, R.I., and relies heavily on his team in North Syracuse, led by COO Peter Richichi, to run day-to-day operations. “You’ve got to be nimble, and you can’t be afraid of new markets.” DS


 

Companies Mentioned:

COMMENTS

Click here to leave a comment...
Comment *
Most Recent Comments: