Chapter
Entrepreneurship on calculating expenses
37:35 - 43:30 (05:54)
The speaker discusses their strategy for calculating expenses for their natural deodorant startup, considering the cost of production, shipping, and other expenses. They also mention the size of the entire natural deodorant industry to put their business's success in perspective.
Clips
A key insight for successful DTC businesses is to focus on repeat purchases to increase revenue, which can help understand product market fit and profitability when spending money on ads.
37:35 - 39:02 (01:26)
Summary
A key insight for successful DTC businesses is to focus on repeat purchases to increase revenue, which can help understand product market fit and profitability when spending money on ads.
ChapterEntrepreneurship on calculating expenses
Episode#10 - Using $1k to Build $100M Deodorant Business
PodcastMy First Million
The process of producing a deodorant was broken down into costs of production, shipping, and other expenses with the goal of creating a product people would love at an affordable price.
39:02 - 40:28 (01:26)
Summary
The process of producing a deodorant was broken down into costs of production, shipping, and other expenses with the goal of creating a product people would love at an affordable price.
ChapterEntrepreneurship on calculating expenses
Episode#10 - Using $1k to Build $100M Deodorant Business
PodcastMy First Million
The natural deodorant industry is worth around $30 million per year, and some companies in this space are already surpassing that estimated value.
40:28 - 41:47 (01:19)
Summary
The natural deodorant industry is worth around $30 million per year, and some companies in this space are already surpassing that estimated value.
ChapterEntrepreneurship on calculating expenses
Episode#10 - Using $1k to Build $100M Deodorant Business
PodcastMy First Million
The importance of customer service in business and going above and beyond to satisfy customers, including reaching out to them days later to inquire about satisfaction and providing personalized formulas.
41:47 - 43:30 (01:42)
Summary
The importance of customer service in business and going above and beyond to satisfy customers, including reaching out to them days later to inquire about satisfaction and providing personalized formulas. The company also sends out funny emails to customers when they sign up.