55. Jack Bloomfield, Disputify // How Australia's Leading Millionaire And Young Entrepreneur Is Tackling The Billion Dollar Problem In E-Commerce

Imagine being 19 and tackling a billion dollar problem the e-commerce sector faces today — refund fraud. From the age of 12, Jack Bloomfield was already driven by a love of entrepreneurship. Turning a simple gift card business to million dollar e-commerce stores to now on a mission to eliminate refund fraud forever through Disputify, Jack has a unique perspective on life and business, as one of Australia's youngest entrepreneurs.     He joins us this week on the latest episode of The Make It Happen Show to discuss the problem that is refund fraud and how it affected the e-commerce stores he ran during high school, as well as many others around the world. Leading the charge in cyber theft prevention in Australia this year, Disputify is already backed by some major players in the industry. So how did he do it? What did it take to break into business so young while gaining massive momentum already? Find out Jack's strategies to success, suitable to anyone, no matter what age you are, to help you make it happen today too.     Timestamps: 3:10 - What is refund fraud? And how does Disputify overcome it? 6:01 - How people get away with refund fraud 7:33 - How SMEs can avoid being a victim of refund fraud 8:42 - How much refund fraud is costing businesses in Australia and internationally 9:41 - Why e-commerce businesses had to restructure their return policies 10:34 - How Disputify identifies refund fraud and how they flag users 12:06 - Why Jack Bloomfield decided to tackle refund fraud and how he made a business out of it 15:30 - How giving importance to bottom-line sales can save businesses 17:24 - Jack shares the early stages of his business and other business ventures he entered 20:13 - How Jack ventured into capital-raising as a 17-year old entrepreneur 25:30 - What Jack thinks about being a young entrepreneur in Australia 29:31 - The realities of business young entrepreneurs need to realise 34:22 - The mindset that has helped Jack as a young entrepreneur 37:24 - What's next for Disputify 39:07 - The mentor that has helped Jack the most 40:34 - The biggest opportunity