By Dale Mason
Ryan P.M. Allis
wanted to head a multi-million dollar company by age 21. “I
missed it by 19 days—not too bad,” the CEO of Durham,
N.C.-based Broadwick Corp. says.
Broadwick, founded in
2003, sells email marketing and surveying software
IntelliContact, used by more than 3,600 clients, including
International Paper, Re/Max, and Super 8 Motels. Broadwick
adds clients at the rate of 300 a month with monthly sales
over $130,000.
In February, Broadwick plans to launch
IntelliCampaign aimed at larger companies.
Allis, a
serial entrepreneur, is also founder, CEO and president of
Virante Inc., a Web marketing and search engine optimization
firm based in Chapel Hill, where he studies economics at the
University of North Carolina (UNC) when he can fit it in
around writing, speaking engagements and creating and running
companies. He met his current partner at Broadwick, Aaron
Houghton, through the Carolina Entrepreneurship Club at the
UNC in 2002.
Houghton, who provides technical software
expertise, and Allis developed the Broadwick product and Allis
dropped out of UNC for the first time to develop the company.
He later went back for a year, then dropped out again. “That
puts me ahead of Bill Gates,” Allis says. “He only dropped out
of Harvard once.”
Recently named to “BusinessWeek”
magazine’s list of the top 25 entrepreneurs under 25, Allis
has built three firms to an income of $1.5 million or more in
annual sales. He started his first company at age 11 because
his parents wouldn’t buy him the brand name shirts he wanted
for 7th grade.
“I basically asked myself what I was
good at,” he says. The answer? Computers. He printed cards
offering “Computer Help for $5 an hour,” and distributed them
to local businesses. Enough took him up on the offer to spark
his continually successful career thus far.
At 14 he
began offering Web design services and at 16 Web marketing and
search engine optimization. His consulting services grew into
the still thriving Virante.
As a senior in high school
at 17, he met a man who had a nutraceutical product helpful
for arthritis but virtually zero sales. Using Web marketing,
Allis helped grow the company, to nearly $1 million in sales
within a year.
The experience led to Allis’ book,
“Zero to One Million,” published in October 2003, which he
markets on the Web, naturally, at http://www.zeromillion.com./
Already a mentor and good corporate citizen at 21, Allis
speaks internationally on entrepreneurship, email marketing
and search engine optimization. Many of his speeches and
ebooks are available free on his Web page, http://www.ryanallis.com./
Apart from business, Allis says he’s interested in
globalization, finance, psychology, international travel and
soccer. His longterm goal is starting a foundation that
promotes human and economic advancement in developing
countries. And taking his company public.
Broadwick,
which currently employs 23, added four full-time employees in
the last month and a half, is looking for five or six more
people, including several software developers, a support rep,
and a quality assurance engineer. The company recently
upgraded its space in Durham’s Meridian Office Park from 6,000
to 9,000 square feet.
Allis says the company started
with $5,000 from a friend and a $10,000 SBA loan and since
then has funded itself from within. “My partner and I worked
for sweat equity the first year and a half. Right now we’re
talking to venture capitalists and private investors, seeking
additional funding to invest in marketing and development.
“Back in 2003, being 18 with a partner who was 21 at
the time, we had difficulties raising a significant amount of
funding. Now that we have a track record and a positive
monthly cash flow from over 3000 customers, I think it will be
a different story.”
