When Fedex Almost Went Bust

Sep 07, 2016

The founder of FedEx, Frederick Smith once gambled his last $5000 on a blackjack table to keep the business alive. In 1971, Smith founded the company with $4million of inheritance and around $80 million in loans.

In their first two years, the company was on the brink of bankruptcy with just $5000 in the account and they couldn’t even afford fuel for their planes. So, what does a desperate business owner do in a time of need?

Fly to Vegas of course!

Smith gambled the last of the companies’ money on a game of Blackjack! Amazingly, he won $27,000 which was just enough to keep the planes flying for another week. After that, he managed to secure $11 million of funding using more conventional methods!

He then launched a direct mail campaign to increase exposure of the brand and the rest, as they say, is history. The FedEx Corporation is now worth over $44 BILLION, it is the world’s largest airline and they fly over 600 planes.

If your sales need a bit of a lift, I suggest you skip the trip to
the casino and contact D2R to help run your direct mail campaign. We have assisted many customers boost their sales with some astonishing response rates.

So, don't gamble with your marketing - give us a call instead.

After all, we are Dedicated to Response!


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