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According to Investopedia, “In the United States today the top 10% of the population holds 76% of the country’s wealth, while the bottom 50% holds just 1%.” This is a major reason for the imbalance in the transfer of wealth between generations. Generational wealth is the money, assets and securities passed down from one generation to the next, and it is something that not everyone is focused on.
Growing up in Kansas City, Missouri, AC Hampton saw his mother travel for work for two weeks out of the month, missing out on crucial family moments to raise and support them. Focused on changing the future for himself and breaking the cycles of the past, he set out with one goal in mind: to create generational wealth that he would pass down to his children one day. It was not a journey paved in gold, but Hampton constantly pushed himself along the path to achieve success.
Hampton started his first business venture while he was a junior in college at the University of Missouri, studying to earn his degree in marketing and computer science engineering. He opened a shop using his Instagram, selling sneakers through his brand, Sneaker Labz. That year, he made approximately $10,000 posting sneakers and securing orders, which were then fulfilled by his distributor and sent directly to the consumer. During his senior year, his roommate introduced him to the idea of drop-shipping, which he tried and quickly dismissed due to the amount of work it required at that time.
After graduating, Hampton decided to spread his wings and explore a life outside of Missouri, which led him to Dallas as a sales representative for E&J Gallo Winery. Shortly after beginning his job, he ran into his first major obstacle: a break-in and robbery that left him without money or even the business attire required for his job. Eventually, Hampton decided to seek other ventures and began scouring the internet for ways to make money online. He settled on the one thing that he had previously dismissed: drop-shipping.
After purchasing a self-paced course, Hampton set up his first online shop. It took more than 50 products, ad spending and countless hours of research before he hit it big—exactly one month after leaving his job with E&J Gallo Winery. His first winning product, The Spark, generated approximately $175,000 in sales across 30 days, profiting him $15,000 to $18,000 overall. Taking the next big step, Hampton found a new apartment in Dallas and began looking for the next big product in his drop-shipping success.
However, misfortune struck again. His new apartment building was destroyed when a crane fell onto it, claiming the lives of several tenants and leaving others, like Hampton, homeless. Living in a local church with his laptop, his hotspot and the clothes on his back, inspiration hit and he found his next big product: portable baby beds. Opening up a shop, Lavish Moms, Hampton generated $1.9 million in the span of seven months, allowing him to begin investing in other ventures, like Airbnb.
Back on track, a new opportunity presented itself to Hampton through a friend who wanted to learn the business from him. In January 2020, Hampton dropped his first YouTube video, and continued to post weekly over the next five to six months. As the interest in his videos increased, so did the inquiries about courses and mentorship programs. Changing direction, Hampton started Supreme Ecom, offering courses, mentorship programs and one-on-one support for others looking to grow their own generational wealth, much like he did. Today, what started as a one-man team has grown to a team of over 30, mainly made up of past students who participated in his course and mentorships.
On his success, Hampton says, “You have to understand your why, and I don’t think I’ve ever not understood my why from the beginning of this journey. I wanted to create generational wealth, and that is what I did.”
At the forefront of a market that is rapidly expanding, Hampton is helping others find their “why” and achieve it through one-on-one support, courses and an exclusive mentorship program for those serious about starting their own drop-shipping businesses. Through his knowledge and support, he is making it possible for others to build generational wealth that may not be possible otherwise.