P57: š„ Feedback Friday IV š„ Deep vs. Wide – How to Sell More of Your Product (w/ Krystle Robinson-Hershey of Sage & Elm Apothecary)
Video & Audio of Our Call:
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Time-Stamped Show Notes:
- [2:49] Krystle wants to increase their online sales and she wants her product to be in more stores across the country.
- [5:10] Bar soaps are her most profitable product, which retails at $6.
- [7:50] All the oils they sell are vegan and can be used from head to toe for hydration. They retail at $10.
- [11:22] The packaging of her soap is minimal, which means that it is environmentally friendly and buyers can easily smell it.
- [13:12] Krystle is hoping to increase both her direct-to-consumer business and wholesale business.
- [15:11] Leaving a legacy for her family and impacting the community by providing jobs are her main goals.
- [17:11] For her next step in the business, Krystle wants to focus more on B2B.
- [19:16] Raine offers several recommendations for Krystle on her B2B venture.
- [21:33] Deep versus wide is one of Raineās favorite concepts and he provides a more in-depth explanation about this.
- [24:46] Choosing the restaurant venture has its own hurdles and problems.
- [30:14] In terms of her packaging problem, Raine offers his connections to produce affordable custom-made packaging.
- [35:46] Reaching out to hotels, spas, and growing her buyer list is what Krystle should be doing now. Raine also provides his own approach.
- [41:13] Going to farmerās markets and festivals has produced a lot of leads for Krystle.
- [42:54] Austin recommends TravelingMailbox.com, which helps provide a professional business address for small entrepreneurs.
- [44:33] Raine suggests developing a better-looking label for Krystleās liquid soap or body wash.
- [54:49] Going all-in on hotels is one of Raineās suggestions. He also offers the idea of subscription boxes.
- [58:25] Raine gives insider info about deal sites like Groupon.
- [1:02:49] Krystle summarizes what she has learned so far from this call.
- [1:06:46] Austin talks about a strategy that Krystle can try out to promote her product in hotels.
- [1:11:47] She is excited about the plan given to her and she thinks itās totally awesome.
Key Point from the Interview:
- Raine: āListen Krystle, I can connect you with somebody too. I have connections on that so I can help you get it custom made, dirt cheap, Iāll share that with you.ā
Resources Mentioned:
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