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Around the World Wide Web and Back: SexToy.com Turns Ten.


HOLLYWOOD -- Convergence Inc., a pioneer in E-Commerce, has reached a milestone, and is celebrating site-property SexToy.com's tenth year as a world leader in the sales of adult products online.

Developed by David Levine in 1995, SexToy.com was one of the first online marketplaces. The site, and Convergence Inc., has been growing steadily ever since. The key to the company's ongoing success has been in offering B-to-C advantages like discreet mailings and wholesale prices, and B-to-B incentives like drop shipping and turnkey virtual store solutions.

Early on, Levine created the first revenue-sharing program for the sale of adult products. It proved to be a wise decision, as the move prompted a growth spurt growth spurt Pediatrics A period of rapid growth in middle adolescence; ♀ ↑ ±8 cm/yr ±age 12; ♂ ↑ ±10 cm/yr ± age 14; GS is orderly, affecting acral parts–ie, hands and feet grow before proximal regions,  of more than 200% over a three-year period.

Levine was among the first visionaries to recognize the commercial possibilities inherent in the burgeoning communications medium. Back then, when some of us had not even heard of the World Wide Web, Levine was buying domains like SexToy.com for $70.

Like many entrepreneurs, he hit the ground running, launching idea after idea into cyberspace Coined by William Gibson in his 1984 novel "Neuromancer," it is a futuristic computer network that people use by plugging their minds into it! The term now refers to the Internet or to the online or digital world in general. See Internet and virtual reality. Contrast with meatspace. , separating the flawed business models from those that would help him reach his financial goals.

"The fact that my business is adult-oriented is incidental Contingent upon or pertaining to something that is more important; that which is necessary, appertaining to, or depending upon another known as the principal.

Under Workers' Compensation statutes, a risk is deemed incidental to employment when it is related to whatever a
," Levine explains. "My dream, since the beginning, has been the same--to make $1 billion working from home by myself, without employees or a corporate office."

Of course, that isn't to say that Levine hasn't embraced an industry that's been putting plenty of food on his table for a decade. In fact, recently, he abandoned conservative Boston to live closer to the epicenter ep·i·cen·ter  
n.
1. The point of the earth's surface directly above the focus of an earthquake.

2. A focal point: stood at the epicenter of the international crisis.
 of adult entertainment, in sunny southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, .

Like most big decisions he's made, Levine is certain that the move was the right one. His Hollywood Hills The Hollywood Hills, an unofficial designation of part of the City of Los Angeles, California, are part of the eastern section of the low transverse range of the Santa Monica Mountains, which extends from the Los Feliz District and Hollywood, on the south side of the Valley, to  estate--appropriately named Sextoy Mansion--boasts jaw-dropping views and modern conveniences, hot tub and a stripper Stripper

Slang for an individual homeowner who strips the equity out of his or her home through mortgage refinancing. Proceeds are generally not re-invested, but spent on consumer goods.

Notes:

Most people get rich by saving and investing wisely.
 pole among them. Not surprisingly, the sprawling, 4000 square-foot home plays host to some of the best after-hours parties in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. .

Levine will freely admit that his lifestyle is modeled after Hugh Hefner's, though the toy tycoon admits that there are subtle differences. "Unlike Hef," he laughs, "I don't have to pay the girls to hang out with me."

To begin leveraging Convergence Inc.'s experience to grow your online business, visit SexToy.com online or call 888-C-SEXTOY today.
COPYRIGHT 2005 Business Wire
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Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Apr 28, 2005
Words:383
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