To grow a $2-million-a-year business from a home-basement hobby, WallMonkeys CEO Jason Weisenthal says he “had to zig and zag like crazy.” And without his cash reserve—profits from an earlier real estate sale—“I would have been out of business,” he says. Whether it was entrepreneurial wisdom or blind passion that led him to burn through his savings while nailing down his business model, Weisenthal survived. “You have to go with what you think is right,” he says.
Since graduating college in 1995, Weisenthal had worked as the third-generation boss of his family’s shoe store in Elizabeth, NJ. The business was cruising along in 2008 when he started playing around with how to print life-size wall stickers from photos of his soccer-playing son.
At the time, professional athlete decals from the Detroit company Fathead were gaining popularity as children’s bedroom décor. But Fathead wasn’t yet offering custom services. Weisenthal and his wife thought more parents would like to make decals from photos of their own kids. “The next thing I knew, I’d invested more money than I thought I would,” he says.
In a lucky break two weeks after he officially launched WallMonkeys, the CNBC sports business reporter Darren Rovell stumbled upon the site and called his products the home-run gift of the year, prompting ESPN Magazine to report on them too.
It quickly became apparent, however, why a custom decal service was ahead of its time. Back then, Weisenthal says, “most cell phone pictures weren’t high-resolution enough and people didn’t know how to get the images off their phones. We made no money.”
But when the shoe business started sliding downhill with the economy, Weisenthal had to make a tough choice. He closed the family store, moved to Baltimore “for a change of scenery,” and put all his eggs in the WallMonkeys basket.
For two years, he tried a variety of approaches online to sell custom photos on adhesive-backed fabric. But it wasn’t until he offered customers a choice of stock images, such as animal clip-art, that the business began taking off. Weisenthal had found his niche. He started making deals with stock photography houses.