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For the Bangladeshi entrepreneur Mohammed Shakaoat, he believes in the strength of a support system. Without the help of his team, his numerous business ventures would not have risen to the true success it has come to be. Born in Bangladesh, moved to Dubai, then immigrated to Florida allowed a widely diverse character to develop by the age of twelve. By the age of 28, Mohammed managed to build an empire that would deem him a self-made millionaire.
In September of 2019, Mohammed Shakaoat founded Project Wifi with the help of his business partners Andy Vonde, Paul Parker, and Marcello Cantu. In just seven months, Project Wifi has reached the achievement of seven figures. The four entrepreneurs set their mission to provide those seeking a safe and secure investment opportunity within the E-Commerce industry. COVID-19 sparked a rise in E-Commerce which further drove Project Wifi to reach the high achievements that he had not expected. Dropshipping is a business where entrepreneurs develop an online store to sell wholesale items at a higher price point. This market allows individuals to work from anywhere due to the fact that there is no physical inventory.
By the end of Quarter 1, Project Wifi had managed to scale the business to seven figures with fifty employees among the United States and locations across the globe. Generating a monthly revenue of $280,000, their business began gaining a large presence across social media platforms through posting their results. Their rapid profit sparked interest from others seeking quick investment opportunities which led to their course to instruct others how to follow in their footsteps to achieve success.
Mohammed’s driving motivation stemmed from the desire to gain the personal and financial freedom that was lacking in his 9-5 position. A true entrepreneur seeks out the high demand market opportunities and formulates their plan in growing their business. The demand within the E-Commerce industry rapidly developed over the course of the COVID-19 pandemic leading to the high success for Project Wifi.
Though most businesses this year encountered varied losses due to the pandemic, Mohammed and his team work entirely online from the comfort of their own homes. Without physical inventory to handle, they are able to fulfill orders of products as they are purchased through their dropshipping company.
In terms of future plans, Mohammed Shakaoat is looking to expand their team and offices among the United States. With the ever growing E-Commerce industry, the opportunities are endless for expansion. To follow Mohammed’s business and future endeavors, click here.