- Co-founder of Gecko Travel Tech
- $88,000 monthly e-commerce revenue
- Published August 7, 2020 by Niall Doherty
How does Michael make money online?
Michael is a co-founder of Gecko Travel Tech, a company which primarily sells phone wallets online.
This video will give you a feel for the product:
Gecko’s phone wallet is a private label product, meaning they found a manufacturer that already produced similar products and ordered their own unique version with the Gecko branding.
Most of Gecko’s sales comes via Amazon, as reported in a December 2019 profile of the business.
The goal of our Online Money Maker profiles is to show you all the different ways people make money online. We strive to ensure that each profile is realistic – no hype, no scams – so you can see what it really takes to build each type of business.
If you'd like to hear when we publish new profiles, subscribe to our free weekly newsletter below. Each edition is packed with tips, insights and opportunities to build your online business. We send it out every Friday to 6,987 legendary subscribers.
How much money does Michael make?
Gecko generated $600,000 in sales in 2018, according to the aforementioned profile.
The business was on track to break $1 million in sales in 2019, which works out to ~$88,000 per month.
Michael and his co-founder Murray say the don’t pay themselves a salary and only take a yearly dividend that can range from 0 to $50k each.
If we wanted to, we could be pulling out around $20k a month, but keep in mind it is very important to use the profits to build inventory and infrastructure if you plan on having triple-digit growth, year over year, and have something on the shelf to sell.
We have decided to use monthly profits for investment in inventory and instead pay ourselves a nice dividend at the end of each year.
Our goal at eBiz Facts is to give you accurate information about online business so you can gain clearer insights, make better decisions, and achieve your own success.
With that in mind, we strive to ensure the accuracy and transparency of the income claims and estimates that you see on this website.
- We treat all income claims we find online with skepticism.
- We don’t report incomes that seem especially controversial or unrealistic.
- We cite our sources and/or share our calculations so you can see where the numbers come from.
- If there are uncertainties about an income claim or estimate, we tell you what those are.
If you see an income claim or estimate that seems off, please tell us so we can fix it.
How did Michael get started?
Michael and Murray started the business in August 2016.
In the early days, although we spent most of our time growing Gecko, we still found ourselves needing to hold down other jobs because there are a lot of ups and downs while you are figuring out the system.
We both worked on Gecko without pay for over a year. However, we also spent 6-12 hours a day doing the jobs that paid the bills.
One of us had to make the jump and quit all the other jobs that generated our money to live on and take a meager pay out of Gecko and focus only on Gecko Travel Tech work.
I did just that right after my daughter was born and it felt like a huge risk to me at the time. My wife and I moved to her hometown in the Thai countryside to reduce our expenses as low as we could and took a run at it.
Michael joined me a short 6 months later in this singular focus for Gecko, and we both took such a small amount of money from Gecko to live off.
It was a tough time, but we bet on ourselves and eventually worked our way up and up.
It apparently took about 12 months until Gecko was able to generate $1000 per month profit consistently, but that profit was always reinvested back into the business.
Read more about the company’s origins and Michael’s background here.
What type of online business does Michael have?
Other ways to make money online
There are many other ways to make money online, to work from home or anywhere in the world.