| The
"King" Gets Crowned
SoBe
founder and Tufts grad John Bello was just named Retail Entrepreneur
of the Year -- the latest crowning achievement of the self-proclaimed
"Lizard King."
Palm
Springs, Calif.[11.29.01] -- Seven
years after founding the South Beach Beverage Company [SoBe],
John Bello has proven once again that he has the magic touch.
In just the last 12 months, the 1968
Tufts graduate orchestrated a major deal between SoBe and
Pepsi worth over $370 million and was named Entrepreneur of the
Year for the retail industry by Ernst and Young.
"My
whole thing in life is 'let's win,' and you win by having fun
at what you do," Bello told Ernst and Young's magazine. "[SoBe's
employees] live by a pretty simple motto: Make a little money,
have a little fun."
Bello,
called the "Lizard King" by SoBe's employees, has had a lot of
success doing both.
Founded
in 1995, SoBe broke ranks with traditional beverage companies
by producing an entire line of "health refreshment" drinks --
something never tried by the industry's leaders.
"Consumers
are a lot more sophisticated than many believe," Bello told Ernst
and Young. "They recognize that maybe the carbonated soft drinks
they've been drinking aren't necessarily that great for them.
If you can deliver something that can refresh, while at the same
time deliver benefits in the form of nutrients, like calcium and
vitamin C, that they know they need but don't get in their daily
diet, why not?"
Today,
the category is the fastest growing part of the market and SoBe's
nutrient-enhanced drinks are leading the way.
SoBe's
unique line of drinks, combined with its unconventional grassroots
marketing strategy based on SoBe's Lizard logo, helped the company
establish a reputation that stands out from the crowd.
That's
a position Bello is used to.
To
win the Entrepreneur of Year honor, the Tufts grad had to beat
out 5,600 nominations from around the country.
Ernst
and Young's executives have given out the award for the last 15
years, and say they are "bestowed on individual entrepreneurs
whose ingenuity, hard work and perseverance have created and sustained
successful, growing business ventures."
SoBe's
growth and success with Bello at the helm was a natural fit for
the award.
It's
not the first time the Tufts graduate has proven his talent for
giving companies a big boost. For 14 years, Bello helped market
the National Football League, eventually spending five years as
president of NFL Properties, where he turned the league's product
line into a billion-dollar revenue stream.
Earlier
this year, Pepsi hoped
to tap into Bello's success by striking a major deal with
SoBe. The international beverage corporation acquired Bello's
company in the hopes SoBe's innovative line of teas would boost
Pepsi's sagging sales.
"Pepsi
recognized when they bought us how unique we are," Bello -- a
history major while at Tufts -- told Ernst and Young. "And they've
really gone out of their way to allow us to maintain that individuality."
According
to Bello, there's nothing magic about SoBe's success -- just a
lot of hard work with some fun mixed in.
"I'm
called the Lizard King, because I'm running the place," he said.
"But I see myself more as the Lizard of Oz. Don't look behind
the curtain, because what you'll find is this ordinary guy in
the back of the room pushing buttons."
Images
courtesy of SoBe Beverages
|