Introduction:
SD Bullion is an American dealer of precious metals. It specializes in selling precious metals, including gold, silver and platinum bullion in coin and bar forms at the lowest price guaranteed. It’s passion in the precious metals industry is to provide the lowest prices to investors and provide a high level of customer service.
Company Highlights:
| Company Name | SD Bullion |
| Headquarter | Ottawa Lake, Michigan, USA |
| Industry | Finance and Marketing |
| Founded | 2011 |
| Founder | Dr. Tyler |
| Website | https://sdbullion.com/ |
SD Bullion About:
Founded in 2012, SD Bullion has become one of the fastest growing Precious Metals Dealers in the country by offering the absolute lowest prices on gold and silver bullion. They also provide investors with live spot metals prices, as well as historical gold and silver price charts.
Industry:
It is a company that deals with precious metals.
Founder & Team:
SD Bullion Founder (Image Source: linkedin.com)
It was founded by two doctors who believed in gold and silver as protection against an inflated and eroding US dollar. Dr. Tyler Wall was one of the founders and served as CEO for the first 10 years of the business.
Startup Story:
The precious metals industry is tough. When you look around, there are not that many players at our level for the size of the industry we make up. The market is constantly changing. It can be hot one month and cold the next. This makes staffing very complicated. We’re also the number two industry targeted for fraud, behind banking.
You have to be very careful and smart about how you approach that side of the business. We also work on very low margins compared to most other industries. And the business is very finances heavy. Put all those factors together, and you live in a constantly complicated environment.
When I started at SD Bullion, there was only a handful of us. There was one full-time shipper and two part-time shippers and a few office folks. At the time, we were using Drupal as an e-Commerce platform. We made the switch to Magento, which took 18 months to re-platform, and that helped us from a marketing perspective begin to expand. Back then, the biggest we could dream of was to become a $400 million per year company.
Mission & Vision:
The main goals has always been to keep our followers up-to-date with the latest news and events impacting the precious metals market. It has continued to hold this goal in high regard and produces News and Research content on both the SD Bullion Blog and the SD Bullion YouTube channel.
Name & Logo:
SD Bullion (Image Source: twitter.com)
Business Model:
There are basically a few business models currently operating in the unregulated physical precious metals industry. Various gold dealer business models include:
- Local Brick & Mortar Coin Shops (Collector Coins / Bullion).
- High Volume Online Bullion Wholesalers / Retailers (SDBullion.com).
- Rare Collector Coin Dealers (Numismatics).
- Semi-Rare and often Overpriced Online Coin Dealers (High Commissions).
- Sell and help you store your bullion models (most with limited, costly delivery).
- Leverage dealers (very risky).
Revenue Model:
- It’s estimated annual revenue is currently $5.9M per year.
- It’s estimated revenue per employee is $202,759.
- The SD Bullion annual revenue was $157 million in 2021.
- In 2016, the company blew past that figure with an astounding $129.6 million in revenue.
Products & Services:
They provide costly metals and deal with them.
Funding and Investors:
- It has raised <$5 million in 1 funding round.
- SD Bullion closed its last funding round on Apr 29, 2020.
Employees:
169 people are employed at SD Bullion.
Challenges Faced:
SD Bullion Challenges Faced (Image Source: Twitter.com)
There are no details of it.
Acquisitions:
There is no acquisition yet.
Growth:
Since starting in 2012, SD Bullion has grown into one of the largest precious metals retailers in the world by providing the best prices and the best service. At SD Bullion, we believe in doing business the old-fashioned way. World-class products, the best bullion prices, with industry-top customer service. Thank You to our now 400,000+ customers who have made the switch to SD Bullion, said by Tyler Wall, Founder & President.
Partners:
It has been in business since 2012 but it has not disclosed anything about any partners.
Competitors:
The competitors are APMEX, JUM Bullion, and Goldsilver.com.
Awards & Achievements:
- SD Bullion is proud to boast over 100,000 positive reviews from our customers.
- For 10 years, it has earned an A+ rating from the Better Business Bureau.
- It has thrice been featured in Inc. Magazine’s 5000 Fastest Growing Companies in the United States.
Future Plan:
Big news for the company already took place in Q1 of 2023. They named a new CEO and COO and talked about expansion. The CEO to take over operations at SD Bullion is Chase Turner.
FAQs :
What does SD Bullion do?
Alternative investment platform focused on gold & silver. It allows users to buy, sell, and deal in gold, silver and bullion assets. Features current pricing lists, market trends, and news updates as a reference to the user.
When was SD Bullion founded?
It was founded in 2011.
Who is the founder of SD Bullion Corporation?
Dr. Tyler and one other doctor made the company.
Who is the CEO of SD Bullion Corporation?
Dr. Tyler is the CEO.
Who are the main competitors of SD Bullion?
The competitors are APMEX, JUM Bullion, Goldsilver.com.
Conclusion:
Recently recognized as #177 on the Inc 5000’s list of fastest-growing companies in the United States, SD Bullion continues to prove itself as a leading online gold and silver bullion dealer in the United States. Founded in 2012 by two Doctors with a mission to help restore the financial health of Americans. It specializes in selling precious metals, including gold, silver, and platinum bullion in coin and bar forms at the lowest price guaranteed.
SD Bullion’s passion in the precious metals industry is to provide the lowest prices to investors and provide a high level of customer service. It is currently looking for talented individuals to help the company grow to the next level.
My name is Sai Sandhya, and I work as a senior SEO strategist for the content writing team. I enjoy creating case studies, articles on startups, and listicles.
Disclaimer -We have collected this information from our direct sources, various trustworthy sources on the internet and the facts have been checked manually and verified by our in-house team.