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Diego Abba, president of Italist, an eCommerce site that sells luxury Italian items. Listen as Diego shares his experience working with consumer giants like Proctor & Gamble and Activision, as well as his inspiration to abandon the security of the corporate world to venture out into the uncertain plain of entrepreneurship.

Famous 5
Favorite Book? \\u2013 The Ultimate Question
What CEO do you follow?\\u2014 N/A
What is your favorite online tool?\\u2014Skype
Do you get 8 hours of sleep?\\u2014 No
If you could let your 20 year old self know one thing, what would it be?\\u2014 Stay more zen

Time Stamped Show Notes:
01:00 \\u2013 Nathan\\u2019s introduction
01:57 \\u2013 Nathan welcomes Diego
02:10 \\u2013 Diego\\u2019s experiences in Bain, Proctor & Gamble, Activision and Global Bank
03:45 \\u2013 Speaking on Activision
05:00 \\u2013 Italist
05:50 \\u2013 2015\\u2019s transaction volume $10M
06:39 \\u2013 How Italist makes money
07:00 \\u2013 The idea of Italist revolves around creating the look and feel of an Italian Luxury Store within the confines of the digital space
07:36 \\u2013 Percentage income is 20-30% of retail value
09:23 \\u2013 Farfetch
11:20 \\u2013 There are 2 seasons in luxury goods \\u2013spring/summer and winter
13:03 \\u2013 Gross margin of $250,000
14:17 \\u2013 Affiliates
17:23 \\u2013 Who would you love to sell to one day? \\u2013Ebay or Amazon
21:12 \\u2013 www.fab.com comparison
21:34 \\u2013 The key is to stay focused, do the best you can, and keep the rest simple
22:40 \\u2013 Diego\\u2019s LinkedIn

3 Key Points:
You company website has to have a look and feel that is reflective of your product or service.
If you\\u2019re going to get into the consumer luxury goods market, be ready for a dogfight.
The key to success has three teeth\\u2014focus, effort, and simplicity.

Resources Mentioned:
Host Gator - Powerful web hosting made easy and affordable.
Italist \\u2013 company founded by Diego that sells Italian luxury items across 85 countries
Farfetch \\u2013 a competitor of Italist
www.fab.com -- another rival of Italist
Activision \\u2013 An American video game publisher

Credits
Show Notes provided by Mallard Creatives

The Top is FOR YOU if you are:

A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)

STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)

An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)

The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).

Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.

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Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that\'s like an audio version of Pat Flynn\'s monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop