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You are here: Home / Money Making Ideas / $20 Million Dollar Company Started By Mom

$20 Million Dollar Company Started By Mom

June 27, 2008 By Sherry Tingley

JibbitzJibbitz. Where did that word come from? It is not in Webster’s dictionary. It’s not in daily chit chat or slang. Could it have been invented by another clever entrepreneur?

It has occurred to me lately that people today are in the business of making up words and that business has become very profitable for some. This particular word was made up by Sheri Schmelzer. Sheri has developed a line of products for croc shoes and needed a name for the adornments. 

She came up with the name Jibbitz.  She had been inspired by a movie dialogue between Tom Hanks and Meg Ryan, when Meg says to Tom, “I’m such a flibertigibett.” That quickly became her nickname. When she needed a name for her business she morphed that nickname into Jibbitz.

Jibbitz is not a company to snicker at. It is one that was sold in 2006 to the Crocs shoe company for $20 million dollars.

Sheri Schmelzer was just playing with her children one day and came up with a fun afternoon activity for them, that of decorating 12 pairs of crocs. They got out all kinds of crafty items to fill the holes in the look alike crocs the family owned. By the end of the day all those look alike shoes suddenly had personality. They were delighted. That was the beginning of making hundreds of objects to decorate those cute shoes. With her husband’s help, her decorations were patented and began selling on the internet.

Now there are more than 3,000 objects available to consumers to adorn the tops of crocs. From Mickey Mouse to Winnie the Pooh and Pirates of the Carribean, there are hundreds of ways to make a croc cute. What a great money making idea.

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Filed Under: Money Making Ideas Tagged With: creative business ideas, making money, new business ideas, successful entrepreneurs

About Sherry Tingley

Sherry Tingley, a graduate of Brigham Young University, mother of two and an entrepreneur developed Coolchecks.net in 2007. Her site offers customers an easy way to choose checks from multiple merchant websites, giving them access to over 19,000 checking account products. She developed a personal finance blog to help others succeed in managing their personal finances and to help people take the steps necessary to start their own businesses.

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  1. ImperlepTycle says

    December 10, 2008 at 3:33 pm

    If anyone is looking for a no nonsense way to make money fast, these guys are the best
    it took me a few days to get going, but they were very helpful. Two weeks in and i just
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