You're listening to gift biz unwrapped episode 192 This is it.
Speaker:This is my light bulb moment.
Speaker:I'm going to see if I can figure this out.
Speaker:Attention gifters,
Speaker:bakers, crafters and makers pursuing your dream can be fun whether
Speaker:you have an established business or looking to start one now
Speaker:you are in the right place.
Speaker:This is gift to biz unwrapped,
Speaker:helping you turn your skill into a flourishing business.
Speaker:Join us for an episode packed full of invaluable guidance,
Speaker:resources and the support you need to grow your gift biz.
Speaker:Here is your host gift biz gal,
Speaker:Sue moon Heights.
Speaker:Hi there,
Speaker:it's Sue And thank you for spending a little bit of
Speaker:time with me today.
Speaker:If you're listening to this right as it's going live,
Speaker:we are in the midst of the holiday scurry.
Speaker:There's shopping,
Speaker:there's planning and there's parties.
Speaker:Oh, so much fun.
Speaker:It's also the last week to promote your product in my
Speaker:free Facebook group called gift biz breeze.
Speaker:We have a holiday product showcase over there where you can
Speaker:join the group and promote what you have going for the
Speaker:holidays. I love this concept because all of us can support
Speaker:each other and at the same time do some little check
Speaker:marks off of our holiday gift list.
Speaker:If you aren't part of the group already,
Speaker:just jump over to gift biz breeze.com
Speaker:ask to join and I welcome you in with a big
Speaker:holiday hug and without further ado,
Speaker:let's get into the show.
Speaker:My guest today is Mina
Mina is one busy woman owning two separate businesses.
Speaker:She's the owner of little labels which are writeable waterproof labels
Speaker:for baby items for daycare and is also an Amazon best
Speaker:seller. She's the co owner and cohost of the product boss
Speaker:podcast and coaches,
Speaker:product based business owners how to grow their businesses and connect
Speaker:with other product entrepreneurs through masterminds.
Speaker:She lives in Iowa,
Speaker:is the mom of two little girls and loves living her
Speaker:mission as mom and CEO.
Speaker:Welcome to the gift biz unrepped podcast.
Speaker:MENA, Thanks you.
Speaker:I'm so happy to be here.
Speaker:It's going to be such a fun conversation because from one
Speaker:product based person to another.
Speaker:So I'm really excited to dive in.
Speaker:But before we do,
Speaker:I like our listeners to get to know you in a
Speaker:little bit of a different way and that is through a
Speaker:motivational candle.
Speaker:So if you were to help us envision what type of
Speaker:a candle describes you,
Speaker:Mina, what color would it be and what would be the
Speaker:quote on your candle?
Speaker:It would be a really simple white candle,
Speaker:but the,
Speaker:I really took it from a quote that I absolutely love.
Speaker:It used to actually be on my Instagram bio,
Speaker:my personal one,
Speaker:and it is,
Speaker:don't be afraid to go out on a limb.
Speaker:That's where the fruit is.
Speaker:So I feel like my candle be kind of a fruity,
Speaker:citrusy scent,
Speaker:but a white candle and then maybe some like floral back
Speaker:notes. Kind of like Clinique happy if you've ever smelled that
Speaker:perfume. I used to wear that back when I left my
Speaker:house to work,
Speaker:but no longer because I'm here in sweat pants every single
Speaker:day now.
Speaker:I used to wear that too.
Speaker:My sister actually used to give it to me for my
Speaker:birthday. Isn't it wonderful?
Speaker:Yeah, it really is.
Speaker:And so the fruit on the end of the branch,
Speaker:and so what does that mean to you?
Speaker:It's just all the things that you really long for your
Speaker:own idea of success,
Speaker:whether that's in motherhood or in business,
Speaker:but you have to go out on a limb.
Speaker:That's the thing.
Speaker:If you want to reach the fruit of whatever you want
Speaker:it to be,
Speaker:but you can't just close the world off,
Speaker:I guess.
Speaker:And that's the hardest part.
Speaker:Putting yourself out there,
Speaker:Putting yourself out there.
Speaker:And I think to continue with your analogy,
Speaker:going out on a limb,
Speaker:when you go further and further out,
Speaker:that limb gets a little less stable.
Speaker:Yeah. But then you're reaching and you're going for your goal,
Speaker:so you have to go through that time of instability,
Speaker:I guess,
Speaker:if you will.
Speaker:Yeah. It's a risk out there That it is.
Speaker:Well, talk to me.
Speaker:I'm really,
Speaker:really interested in hearing about little labels and how that all
Speaker:developed. So share with us a little bit about that and
Speaker:the journey there and then we'll get into the product boss.
Speaker:So I'm going to keep it really shorter.
Speaker:It's such a long story.
Speaker:Chapter titles or something.
Speaker:I don't know.
Speaker:Yes, so it started about three years ago and I have
Speaker:been an entrepreneur since 2004 so a very long time.
Speaker:And I did graphic design for those years and I used
Speaker:to work out of agencies and doing corporate graphic design.
Speaker:So I have big clients like banks and real estate management
Speaker:companies and things like that.
Speaker:And I would do their newsletters and annual report.
Speaker:So I was doing that for,
Speaker:at that time,
Speaker:12 years and I was really burnt out.
Speaker:So I'll doing all the creative work at night.
Speaker:I just,
Speaker:I didn't want to do it anymore.
Speaker:So my daughter at that time was five,
Speaker:but I was pregnant with my second daughter at the time.
Speaker:I already knew who she was or what gender she was.
Speaker:So I knew I was going to have another little girl
Speaker:and I knew,
Speaker:Oh well I guess I was assuming they would be very
Speaker:similar pregnancies.
Speaker:So I was just tired all the time and I gained
Speaker:50 pounds for each birth and just a lot.
Speaker:And I thought,
Speaker:you know what,
Speaker:I need to step away from doing graphic design because it
Speaker:is just too much for me and I want to do
Speaker:something else.
Speaker:So all along being in in a entrepreneur for forever,
Speaker:I knew I wanted to come up with a product and
Speaker:so that's kind of how little labels came about was I
Speaker:had decided if I walked through my day,
Speaker:what problems could I solve?
Speaker:And so a little labels was born out of me getting
Speaker:my second daughter ready for daycare and needing waterproof labels for
Speaker:her baby bottles cause I had to label every single one
Speaker:and then also date them and everything like that.
Speaker:And I did not want to do it with masking tape,
Speaker:which is what I did last time.
Speaker:And I went onto Amazon,
Speaker:my favorite site,
Speaker:and there was nothing that was just really simple labels.
Speaker:I didn't want to order custom ones.
Speaker:So I thought,
Speaker:you know what?
Speaker:This is it.
Speaker:This is my light bulb moment.
Speaker:I'm going to see if I can figure this out.
Speaker:And so having had the background of commercial printing from those
Speaker:annual reports,
Speaker:I started from there.
Speaker:Actually when I did that in your reports,
Speaker:I would manage all the manufacturing of those annual reports too.
Speaker:So it was like I knew the printing process,
Speaker:I knew the project management,
Speaker:end of manufacturing,
Speaker:something start to finish.
Speaker:And so I started with that knowledge of kind of manufacturing
Speaker:in a printing setting and then started figuring out the process
Speaker:because I knew that there was some way it could be
Speaker:done in my head,
Speaker:it was the version of an extreme label.
Speaker:So it would go in a bottle,
Speaker:but it would be able to go through a dishwasher and
Speaker:it would be able to go through a microwave and it
Speaker:would be able to go through steamer,
Speaker:any of those things.
Speaker:So that's kind of where I started in my adventure of
Speaker:low labels.
Speaker:I love that story and it almost sounds like we set
Speaker:it up this way and we really didn't.
Speaker:But the reason I love this so much is I talk
Speaker:a lot with our listeners,
Speaker:Mina, about if you're in a nine to five while you're
Speaker:listening to this podcast,
Speaker:but you have the interest in doing something different,
Speaker:maybe you know,
Speaker:whatever type of art or craft or anything that you have
Speaker:that you're looking at monetizing and turning into a business for
Speaker:yourself, the time that you're spending in your nine to five,
Speaker:whatever it is,
Speaker:could be really advantageous to the development of what you're looking
Speaker:at doing next.
Speaker:So you're talking about you knew production,
Speaker:you had resources,
Speaker:all of that from the graphics end.
Speaker:And look,
Speaker:you were able to apply it and probably move so much
Speaker:faster to get little labels up and going.
Speaker:And maybe it was the key to being able to figure
Speaker:out how to produce it in the first place.
Speaker:But the point being you're taking your nine to five a
Speaker:paid job when you're working for someone else and you're able
Speaker:to use that as a booster to get you into something
Speaker:for yourself.
Speaker:Yeah, for sure,
Speaker:and I felt like I understood the problem because I was
Speaker:serving one of my own needs,
Speaker:so when you initially know you're meeting your own problems,
Speaker:you understand that that's a problem.
Speaker:Instead of someone being like,
Speaker:Hey, you know what you should create and it's a lot
Speaker:harder to tap into the,
Speaker:Hey, you know what?
Speaker:I think you should create type of mentality because people will
Speaker:get that a lot because they're looking for a product and
Speaker:then other people will naturally give them ideas,
Speaker:but it has to STEM from something that you can solve
Speaker:for yourself in a way because otherwise you don't identify with
Speaker:the solution as well.
Speaker:Can you share just a little bit without going into all
Speaker:the details,
Speaker:how long did it take you from when you had the
Speaker:idea and you started getting samples and maybe testing and doing
Speaker:all of that?
Speaker:How long from when there was that idea to when you
Speaker:actually had a product on the market?
Speaker:Probably five months and that's extremely fast in my mind,
Speaker:but I had a baby that was going to come out
Speaker:of me.
Speaker:I knew at a deadline I did and so I knew
Speaker:that by the time that she needed to go to daycare,
Speaker:I wanted to have something that I could actually be like,
Speaker:Hey, this is actually something we produce,
Speaker:which I didn't end up actually doing.
Speaker:I didn't present it to her daycare,
Speaker:but in my mind at that time I thought,
Speaker:Oh my gosh,
Speaker:this is brilliant and this is falling right into the right
Speaker:timing. Got it.
Speaker:Perfect all and so let's continue on with the story because
Speaker:I want to get into some of the other things we
Speaker:said we were going to chat about with our listeners here
Speaker:today. When does the product boss enter into scheme of things
Speaker:here? Not until much,
Speaker:much later.
Speaker:So fast forward a little bit.
Speaker:When my daughter was four months old,
Speaker:she had open heart surgery and so I did not do
Speaker:anything with the business.
Speaker:I kind of just let it sit there.
Speaker:But it was already at Amazon at that time.
Speaker:And so the month before I had put it into Amazon
Speaker:and then a month later we were living at the hospital
Speaker:for another month and this is how life happens.
Speaker:Right. And then four more months.
Speaker:I just didn't do anything with it.
Speaker:Well, when I decided to come back to looking at my
Speaker:listing, cause I would peek in there every once in a
Speaker:while when I wasn't with my daughter.
Speaker:It was just sustaining itself.
Speaker:So all that leg work that I had done in the
Speaker:beginning about figuring out Amazon and figuring out fulfillment and shipping
Speaker:on that end was being utilized in that time that I
Speaker:wasn't spending on the business.
Speaker:So by the time that my daughter healed and it was
Speaker:super fast,
Speaker:she was back to normal and like,
Speaker:I don't know,
Speaker:like a month I would say.
Speaker:I appreciate you sharing that because of course that was a
Speaker:question on all of our minds.
Speaker:How is she?
Speaker:She's perfect and she never has to go into heart surgery
Speaker:again. She's like this miracle little wild child of mine and
Speaker:now she's really big and crazy and wild.
Speaker:Okay. And then that let me focus on the business too.
Speaker:Once she got into her normal routine,
Speaker:it took me a long while to get into being,
Speaker:feeling normal to like,
Speaker:there's so many mindset issues at the very beginning of being
Speaker:an entrepreneur,
Speaker:but add onto that being a scared mom.
Speaker:Right. And it was like debilitating for me for a long
Speaker:while. Plus I have anxiety tendencies,
Speaker:so I was anxious all the time.
Speaker:And so then once I got over that I started reaching
Speaker:out to people to have coffee chats.
Speaker:And this might've been at the beginning of how coffee chats
Speaker:happened on the online world because I feel like I was
Speaker:there and I was like,
Speaker:people would say,
Speaker:Hey, you have a really cool product.
Speaker:You want to do a coffee chat?
Speaker:And we'd hop on and we talk about our businesses.
Speaker:So it was even before the term coffee chat was coined
Speaker:in a way.
Speaker:And then I met my now cohost and biz bestie and
Speaker:business partner,
Speaker:Jacqueline Snyder on one of those coffee chats.
Speaker:And it was probably a year after I had even started
Speaker:putting myself out there.
Speaker:And then it was actually her idea,
Speaker:just start the product's boss.
Speaker:She owns her own consulting business for fashion apparel brands and
Speaker:she helps them launch.
Speaker:And I had all this knowledge of the retail online platforms
Speaker:of Amazon and Walmart and jet and various platforms.
Speaker:And we thought,
Speaker:Hey, this is a really cool combination because we would have
Speaker:the most fun and crazy and wonderful conversations,
Speaker:just the two of us.
Speaker:And she had the idea of starting masterminds and I initially
Speaker:said no because I had just stopped working with clients in
Speaker:the graphic design,
Speaker:you know,
Speaker:just the year previous.
Speaker:And I thought,
Speaker:I really don't want to work with clients again.
Speaker:And so we did a beta group,
Speaker:she convinced me to do a beta group and we said,
Speaker:Hey, would you like to,
Speaker:to have some coaching from us for this beta round?
Speaker:And we had a whole bunch of people sign up.
Speaker:And then I found out that I really,
Speaker:really loved it and that it actually helped me in gathering
Speaker:my information and then figuring out what my tasks that I
Speaker:needed to do for my own business because I was coaching
Speaker:other people in how to break things down.
Speaker:And then we started the podcast a couple of months after
Speaker:that and the rest is pretty much history from there.
Speaker:You make a perfect duo in those of you who haven't
Speaker:listened, you definitely want to listen to the product boss.
Speaker:Tell me if this is accurate to say.
Speaker:I think for our listeners,
Speaker:everyone here is a maker of some sort.
Speaker:So they have a tangible product and one of the challenges
Speaker:always is you can only grow so much if you're a
Speaker:one person business because you only have so much time.
Speaker:The more business you get,
Speaker:the more work you've just made for yourself.
Speaker:So at some point you need to either bring in more
Speaker:people to make the designs,
Speaker:have a factory,
Speaker:start making it for you.
Speaker:Somehow your business has to change.
Speaker:So that's a lot of what you guys are doing on
Speaker:the product boss,
Speaker:right? I mean obviously with different elements.
Speaker:You know like Jacqueline is more women's apparel,
Speaker:but you're teaching people how to grow past just making their
Speaker:own product themselves.
Speaker:Right. I would say most of our listeners are manufactured products,
Speaker:but we do have handmade ones too,
Speaker:so they listen because I think there's a lot that applies
Speaker:to just all product people.
Speaker:Whereas there are so many service based tips and advice and
Speaker:content out there that it's not so product oriented,
Speaker:so I think it fits all product people.
Speaker:Jacqueline specializes in startups,
Speaker:so if you're launching something,
Speaker:she's great.
Speaker:I like to say I'm more comfortable with growth because I
Speaker:love having data and then saying,
Speaker:here's what I think you should do because in the coaching
Speaker:of the product boss,
Speaker:we don't actually have a lot of apparel and fashion lines.
Speaker:She does that on her other business designer consulting co-op.
Speaker:Got it.
Speaker:Okay. What are you seeing are some of the biggest challenges
Speaker:people are coming with hot tea topics for masterminds or just
Speaker:overall challenges?
Speaker:It differs for startup and for growth and for expansion or
Speaker:scale. So for startup I would say it's almost always mindset
Speaker:stuff. It's like that self doubt,
Speaker:that feeling like you're burning time and money and then also
Speaker:just knowing what your options are.
Speaker:You don't know where to go and where to turn for
Speaker:growth. A lot of it is how do you make more
Speaker:money, how do you make more sales?
Speaker:And then we help a lot of people with visibility and
Speaker:what they should do for that.
Speaker:And then for expansion,
Speaker:it's the hiring and figuring out the processes of scaling from
Speaker:there. So I think they're all different in our masterminds.
Speaker:We have separate because of how deep we can go in
Speaker:every single one of those topics with everybody because it's,
Speaker:it gets really hard,
Speaker:especially if you're trying to do it alone.
Speaker:One of the things that we talked about,
Speaker:certain tips that you can use for specific seasons selling objectives.
Speaker:Do you want to talk about that a little bit?
Speaker:Yeah, I think that the tips that I'll go over is
Speaker:there's more like for how to scale a handmade business.
Speaker:And you can definitely do that seasonally for making sure that
Speaker:like in a service based business it's like if your content
Speaker:is relevant,
Speaker:right? So then in the products way version of saying that
Speaker:it'd be if your product is really scalable in that timing
Speaker:and in that season.
Speaker:And so for instance,
Speaker:if I were to scale little labels in the winter time
Speaker:and then during Christmas season or if I would try to,
Speaker:let's say I started putting my money towards Facebook ads and
Speaker:everything during Christmas,
Speaker:it would be far less effective than if I waited till
Speaker:summer months where it's my busy month.
Speaker:So you're pushing the busier seasons versus trying to outweigh the
Speaker:slow months of being busy all the time.
Speaker:So you're just okay with a slow month and you just
Speaker:push the busier months,
Speaker:if that makes sense.
Speaker:So you would say,
Speaker:I think this is an obvious yes,
Speaker:but you weight your strategy so that you're presenting your product
Speaker:during the time when people need it most.
Speaker:You're presenting your best strategies.
Speaker:So let's say your handmade and you have knitted hats instead
Speaker:of trying to freak out in July when no hats are
Speaker:selling, you try to just sell more in the winter months.
Speaker:During this whole months you're putting together the hats.
Speaker:This is your making season and then during the busy season
Speaker:when it's winter time,
Speaker:that's when you have products that you cross sell to.
Speaker:In other words,
Speaker:you would upsell or down sell or cross sell and then
Speaker:you would try to make your transaction bigger instead of trying
Speaker:to rely on units sold being the same all the time.
Speaker:So you're just trying to grow the revenue and the margin
Speaker:rather than the unit sold at a consistent rate.
Speaker:It's a good point and something to consider for everybody who
Speaker:has a seasonal type product because I do think that people
Speaker:freak out a little bit if come the summer months to
Speaker:stick with what you're talking about with knitting,
Speaker:their sales are all down.
Speaker:It's obvious people aren't needing the hats and the knitted booties
Speaker:necessarily. Maybe you will because of air conditioning,
Speaker:but things are going to slow down.
Speaker:So the thought of taking a calendar and really thinking strategically
Speaker:based on whatever product you have,
Speaker:if it's only one or your product mix,
Speaker:where are the heavier months?
Speaker:And then I like what you're talking about is planning that
Speaker:those summer months are the time that you're making the product.
Speaker:So you're all ready,
Speaker:you're primed for the craft show you're going to go to
Speaker:or the heavy months when you're really going to be selling
Speaker:heavy on at T or Amazon,
Speaker:things like that.
Speaker:Yeah, for sure.
Speaker:And a lot of our products that we work with are
Speaker:not obviously seasonal.
Speaker:It's like lactation cookies and certain things that aren't,
Speaker:like I gave a bad example with it being a hat,
Speaker:but they don't have clear seasons.
Speaker:But you do of have to pick a season for yourself.
Speaker:So you can't be in launch mode all the time.
Speaker:It's far more effective to just pick months where you're going
Speaker:to be launching better deals and better transactions.
Speaker:So in those months you're testing and then you can use
Speaker:that to grow your business.
Speaker:So instead of coming out with,
Speaker:let's say like a new product for instance,
Speaker:we often coach people to take their best seller and come
Speaker:out with a variation of that best seller.
Speaker:If it was a handmade good,
Speaker:you would be coming out with a bundled version of that.
Speaker:If it's lactation cookies,
Speaker:it would be,
Speaker:you know,
Speaker:a two pack of lactation cookies.
Speaker:It's very simple versus a whole new product that has a
Speaker:whole new strategy behind it,
Speaker:if that makes sense.
Speaker:So it does make sense.
Speaker:So you're using the down months for testing to perfect.
Speaker:It might be price points,
Speaker:it might be the combo.
Speaker:It's like you're talking about,
Speaker:it might be a product enhancement off of whatever your core
Speaker:product is.
Speaker:So you're testing all of that so that you're ready when
Speaker:your heavy season starts to launch it based on the learnings
Speaker:that you've had.
Speaker:Is that right?
Speaker:Yeah. So then you can scale in your busy months.
Speaker:So during those times,
Speaker:let's say,
Speaker:I'll just give a few examples of what you should be
Speaker:doing in your slow months.
Speaker:You should be testing out different strategies.
Speaker:That's where you're figuring out in your soul months,
Speaker:Hey, these products are still selling.
Speaker:Those are going to go on my all-star list for when
Speaker:I'm actually deep into promotion.
Speaker:So these are when I'm in my busy month and then
Speaker:this is the price point I'm at.
Speaker:During those slow months,
Speaker:you could actually,
Speaker:since your handmade,
Speaker:you have the limit of your own time.
Speaker:You could actually be getting a backlog of a waiting list.
Speaker:So when you're able to launch in your busy months with,
Speaker:Hey, we came out with this version or this variation,
Speaker:then you're able to sell more,
Speaker:like three times more rather than one exiting rather than keeping
Speaker:it consistent.
Speaker:And then you also test out where can I scale instead
Speaker:of scaling my own work,
Speaker:you could outsource your fulfillment.
Speaker:For instance,
Speaker:you could outsource your emails,
Speaker:but if you don't want to check them yourself,
Speaker:you could hire somebody on instead of doing the design work
Speaker:with you or the actually hand execution of being a maker,
Speaker:then you could have them instead package up something and send
Speaker:it out.
Speaker:So there's different ways to figure out your scaling.
Speaker:And your slow season so you can actually implement in your
Speaker:busy season.
Speaker:It's a little bit of figuring out what your capacity is.
Speaker:How can I streamline this?
Speaker:What's my capacity and my slow months so I can whatever,
Speaker:10 exit in my busy really go get a months.
Speaker:What I'm hearing from you is you're really looking at that
Speaker:from two different angles.
Speaker:One is how do I become more productive just in the
Speaker:business side overall to the point of do I hire a
Speaker:bookkeeper, do I have someone helping me with emails,
Speaker:et cetera,
Speaker:and then the other is how can I really scale my
Speaker:product? Either prepping and preparing,
Speaker:building an audience.
Speaker:To your point about the waitlist and keeping people with you
Speaker:too, because I'm thinking that in slower months people have a
Speaker:tendency then to stray where they might've really been a follower
Speaker:of yours for a long time.
Speaker:All of a sudden they might stray because your product isn't
Speaker:relevant for them during that time,
Speaker:so how do you keep them with you for the time?
Speaker:Then when it's winter again or whatever your season is For
Speaker:a handmade business,
Speaker:it's especially important because you're trying to build that loyalty.
Speaker:A lot of times you're buying from a person,
Speaker:right? A small business.
Speaker:So you have to keep that person as your loyal customer
Speaker:because during the,
Speaker:like, let's say,
Speaker:you know,
Speaker:we just had black Friday and cyber Monday.
Speaker:A lot of times people would just come in as a
Speaker:revolving door and those people are looking for deals,
Speaker:but those deals tend to not work for handmade because they're
Speaker:just looking for deals.
Speaker:So if your deal is not with a person that's a,
Speaker:like it could be just a coupon or that stumbled upon
Speaker:your deal.
Speaker:But if that person happens to be a loyal customer,
Speaker:then during that time it's so much easier to convert because
Speaker:they've already,
Speaker:it's like they know you as a person.
Speaker:Right. What do you think about a blog for someone who's
Speaker:handmade to try and keep people with you?
Speaker:I think that blogs are starting to be less and less
Speaker:popular. So I think that if I would give a tip
Speaker:for any maker,
Speaker:it would be to do a lot of Instastories because that's
Speaker:where people are consuming their content now and I mean,
Speaker:do you read blogs anymore?
Speaker:SU? I don't actually.
Speaker:That was probably not a good example.
Speaker:Okay. I'm thinking of one person in particular.
Speaker:Her name is Jen and she owns a company.
Speaker:Abby farms.
Speaker:Jen, I wasn't expecting to use you as an example here,
Speaker:but for you,
Speaker:and she was on the podcast.
Speaker:Oh my gosh.
Speaker:Way back,
Speaker:but she does a lot of exactly what you're talking about.
Speaker:MENA Facebook lives,
Speaker:Instagram stories about on the farm because they take and make
Speaker:soaps and different types of products and they're based right on
Speaker:the farm,
Speaker:so they have so much fun content.
Speaker:They show the kids running around in the fields and they
Speaker:show the animals.
Speaker:Then she's out at craft shows,
Speaker:selling everything and it's so fun.
Speaker:Even if you're not using her product just to watch what
Speaker:she's up to because it's a life so different from mine
Speaker:for sure.
Speaker:That kind of thing.
Speaker:I think to the point of what do you do during
Speaker:downtime and how do you retain your customers?
Speaker:If you could employ something like that,
Speaker:we're a traditional blog might come into play is if you
Speaker:were documenting recipes that you wanted to share with an audience
Speaker:or if you are an artist and you share designs for
Speaker:adult coloring,
Speaker:for example,
Speaker:things like that For the soap business,
Speaker:that is wonderful that they are able to build that clientele
Speaker:because no matter what,
Speaker:it's still that seven touchpoints or whatever,
Speaker:and actually nowadays they say it's even more like it's more
Speaker:like 14 like double the touch points.
Speaker:No kidding.
Speaker:Yeah, so don't your slow seasons just keep touch,
Speaker:touch, touch,
Speaker:touch, touch,
Speaker:and then that way they convert easier in your busy season
Speaker:because then it's easier to sell snow or in summertime or
Speaker:whatever. You know,
Speaker:you can't sell ice in winter time,
Speaker:you know what I mean?
Speaker:Right. So you've already touched them those many times and then
Speaker:it's an easy ask.
Speaker:Got it.
Speaker:Okay. We've spent ton of time on this seasonal tip.
Speaker:Move onto another one,
Speaker:Which is Exactly what we're going to do right after a
Speaker:word from our sponsor.
Speaker:This podcast is made possible thanks to the support of the
Speaker:ribbon print company.
Speaker:Create custom ribbons right in your store or craft studio in
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Speaker:print company.com
Speaker:for more information.
Speaker:I just wanted to make sure that everybody who's listening to
Speaker:it, some maker knows that there's very creative ways to scale.
Speaker:Even if you're a maker and you're still making your own
Speaker:things. So touched on this previously about looking at your processes
Speaker:and making them more clean,
Speaker:making your business really lean,
Speaker:but even if you're going to say,
Speaker:let's say you want to get into manufacturing but you don't
Speaker:want to lose that handmade touch,
Speaker:you could shorten up the process a little bit.
Speaker:Like let's say you did ceramic bulls,
Speaker:you could create a mold that got the ceramic bulls to
Speaker:a certain point and then at the end you do the
Speaker:finished hand painting instead of the same idea of buying a
Speaker:kill and hiring somebody else to make their own version of
Speaker:what you created.
Speaker:Do you see what I'm saying?
Speaker:Like semi manufactured.
Speaker:Yeah. Do you ever,
Speaker:when you suggest that,
Speaker:do you ever get kickback from anybody saying,
Speaker:well then it's not really handmade?
Speaker:A little bit.
Speaker:Yeah. There's this perception that people feel like they need to
Speaker:be a starving artist to confirm or validate that something is
Speaker:handmade and that's simply not true.
Speaker:I think that people invest more in the story of a
Speaker:handmade person in that they finished this up,
Speaker:not that they have to have the actual legit certain percentage
Speaker:of blood,
Speaker:sweat and tears that went into it.
Speaker:You know,
Speaker:when you think about music artists,
Speaker:just because they're able to make it really big doesn't mean
Speaker:that they're only playing in dive bars.
Speaker:Well and they didn't build the piano,
Speaker:the guitar they're playing on.
Speaker:Right, right.
Speaker:There's some people that they had to hire to help compose
Speaker:the music for them and other people that they might've written
Speaker:the lyrics,
Speaker:but other people that cleaned it up for them.
Speaker:So it's the same things like having part of your process
Speaker:cleaned up for you.
Speaker:That's a really good point.
Speaker:And you know,
Speaker:the other thing,
Speaker:just to talk about it a little bit further,
Speaker:is your still also creating whatever that mold is,
Speaker:so it's still your style and your design?
Speaker:Oh yeah,
Speaker:absolutely. You'll see it even more in the maker world and
Speaker:in the overall product world,
Speaker:but starving artists and CEOs are not what they used to
Speaker:look like there.
Speaker:Now mom's doing side hustles.
Speaker:They're now mom's building empires.
Speaker:It's not like this person that's like in New York and
Speaker:this one bedroom apartment painting all hours and then making no
Speaker:money. Right.
Speaker:It's not the principal.
Speaker:The principal now is I have little baby mouths to feed
Speaker:and I'm the new version of a CEO and maker,
Speaker:so I think that it's getting away from that a lot
Speaker:more because more people are bringing in extra income to their
Speaker:households. No,
Speaker:I love that.
Speaker:Scaling it at a different way by shortening the processes.
Speaker:What do you think about more production line instead of just
Speaker:one off,
Speaker:like making one bull from start to finish versus making five
Speaker:then putting them all in the kiln and then painting them
Speaker:all. I think that's another way to shorten the process.
Speaker:Oh, for sure.
Speaker:Like you know,
Speaker:Jacqueline gave us example of even when you're filling up your
Speaker:kid's party bags,
Speaker:right? You're not one party bag move to the next,
Speaker:you fill those party bags in an assembly line.
Speaker:That's kind of the way that you have to think about
Speaker:it. Also,
Speaker:if you're setting up your shop,
Speaker:you need to fulfill like have all your bubble envelopes in
Speaker:a certain place and it's not pretty all the time,
Speaker:but that's how you figure out where the bottlenecks are.
Speaker:So if you need to hire,
Speaker:you can hire somebody and here's their station and here's what
Speaker:they need to do so you can still work on your
Speaker:handmade stuff.
Speaker:Oh good.
Speaker:A tip that I like to give people that really want
Speaker:to stay in handmade is that just base it off collections.
Speaker:Let's say somebody has like what we were saying,
Speaker:ceramic bowls and they're all handmade.
Speaker:Those are probably a different category and might be like the
Speaker:Luxe premium tier of your products.
Speaker:Then you can have a middle tier for those people that
Speaker:are going to your shop and being like,
Speaker:Oh, I really need a gift really fast.
Speaker:So you might take the same design and put it onto
Speaker:a different process.
Speaker:It could be like a print or maybe even even like
Speaker:I produce product,
Speaker:like the design goes onto an umbrella or something.
Speaker:So then it's a cross product.
Speaker:But just remember,
Speaker:keep in mind you're serving the same avatar,
Speaker:so make sure that your product,
Speaker:if it's an umbrella,
Speaker:it should hit someone who would buy an umbrella too.
Speaker:So it can't be something that's completely a different product like
Speaker:men versus women or something.
Speaker:And then you're able to scale that way instead.
Speaker:Yeah, and I've seen this in play.
Speaker:I never really thought about this one before either.
Speaker:This is so great,
Speaker:but I've seen this in play even at our local craft
Speaker:markets. We have a big juried fine arts market where the
Speaker:artists still have their paintings,
Speaker:their original paintings,
Speaker:but then they'll have prints of the painting.
Speaker:They might have one of their paintings on a coaster,
Speaker:different types of things.
Speaker:But it's all spinning off of their original artwork.
Speaker:And of course the pricing is all different too.
Speaker:Yeah, and those are for people who want like a GoTo
Speaker:gift or we call them off the shelf items and then
Speaker:if they want an original piece,
Speaker:they have accessibility to that too.
Speaker:And it could be a different product too,
Speaker:but keeping in mind that it should be something that's based
Speaker:off of bestseller of yours.
Speaker:So don't just create a whole bunch and create versions of
Speaker:that thing.
Speaker:Only do this replication model in a way to your best
Speaker:seller because then you know what sells and you'll also knows
Speaker:what sells to your audience.
Speaker:That's why you keep the avatar the same.
Speaker:Perfect advice.
Speaker:Okay, so you've given us three overall tips here,
Speaker:seasonal, how to scale in terms of shortening the processes and
Speaker:then collections,
Speaker:building on collections.
Speaker:Those are fabulous.
Speaker:Yeah. Any final one we want to add or are we
Speaker:good with the three?
Speaker:I think So.
Speaker:With collections.
Speaker:Think about how you're selling in your busy season.
Speaker:Going back to where I started on this whole conversation.
Speaker:So are you cross selling your products?
Speaker:Are you bundling them up?
Speaker:So then your average sale goes from $9 $15 something like
Speaker:that. And then based off your bestseller always because you know
Speaker:what sells and then that way you're able to have kind
Speaker:of a signature item without calling it that.
Speaker:But you know what sells to your market.
Speaker:And that's honestly what you're trying to figure out in your
Speaker:first year is what is your best seller?
Speaker:What's your most popular product?
Speaker:Always try to spin off of your best seller is what
Speaker:you're saying Always.
Speaker:Because otherwise you're going in blindly and not using that data,
Speaker:right? Because when you go off of your bestseller,
Speaker:you're just doing like nothing fancy like a Tupac or a
Speaker:bundle with it.
Speaker:But those people are coming in for that one product,
Speaker:like a gateway product.
Speaker:And then you're able to say,
Speaker:Hey, we also have this instead.
Speaker:So that way you're not having to convert to all these
Speaker:different options for them.
Speaker:They're coming in and it's a really simple buying decision for
Speaker:them. Perfect.
Speaker:Love it.
Speaker:Okay. You were referencing a little bit earlier,
Speaker:right in the beginning actually about different types of platforms and
Speaker:leveraging them in different ways.
Speaker:Let's get into that.
Speaker:Yeah, so many platforms,
Speaker:especially for products,
Speaker:right? There's the retail platforms,
Speaker:which we're talking big retail like Walmart,
Speaker:Amazon and everything,
Speaker:and of course there's Etsy,
Speaker:there's people who make a ton and scale on Etsy,
Speaker:and then there's flash deal sites,
Speaker:so we're talking Jane,
Speaker:Groupon, Zulily,
Speaker:and then there is brick and mortar,
Speaker:so you could actually get into wholesale and boutiques and then
Speaker:there's popup shops.
Speaker:You create your own,
Speaker:so a pop up shop at a local place or you
Speaker:create your own website and drive traffic there and they all
Speaker:can go hand in hand.
Speaker:There's new platforms coming out all the time.
Speaker:For instance,
Speaker:Instagram is becoming its own buying platform because it's you're able
Speaker:to buy right there.
Speaker:You don't even have to leave the platform.
Speaker:Right. Same with Pinterest and same with Poshmark.
Speaker:That's another platform that came out for clothing and subscription boxes.
Speaker:Now, subscription boxes are as big as boutiques with buying wholesale
Speaker:from people.
Speaker:How do you feel about,
Speaker:how many platforms should you really be on to do them?
Speaker:Well, I think that you should start off with one.
Speaker:You should test as much as you can,
Speaker:but when you figure out your main one,
Speaker:you'll be able to at least have that and optimize.
Speaker:So you're on one and then you optimize it like crazy.
Speaker:So when I say optimize,
Speaker:figure out what your keywords are,
Speaker:make sure your ads are there.
Speaker:If you're doing paper click figuring out that whole system.
Speaker:So if you're on Etsy,
Speaker:figure out whatever you can about Etsy and try to scale
Speaker:on there and then move to the next one.
Speaker:If you're hitting a whole bunch of walls,
Speaker:that might not be your platform.
Speaker:That's when you move over to,
Speaker:let's say Zulily or Jane or whatever you can get onto
Speaker:as far as handmade or semi handmade.
Speaker:That way you can use that data to get onto the
Speaker:other platforms.
Speaker:So in this case it would be like,
Speaker:Hey, I'm a bestseller on Amazon.
Speaker:Can I get into your subscription box?
Speaker:Or this is our most popular product on Etsy.
Speaker:Do you think that we could bring this into the stores?
Speaker:Cause I think it would really sell with your customers as
Speaker:well. So you're able to pull data and expertise from a
Speaker:platform and parlay that a different one.
Speaker:Use it as a jumping board or something to get into
Speaker:another one.
Speaker:W so well we've talked about a lot of these platforms
Speaker:on other shows,
Speaker:but never the flash Zulilly all of that.
Speaker:We've never talked about that before.
Speaker:Can you go into more of what all those platforms are
Speaker:about? Yeah,
Speaker:sure. And we actually have a podcast episode about this too.
Speaker:There are so many,
Speaker:Zulily and Groupon,
Speaker:those are probably the biggest ones.
Speaker:The ones that are really known to a lot of people,
Speaker:they take a big cut.
Speaker:So unless you're manufactured,
Speaker:and just remember,
Speaker:even if you're hand-making right now,
Speaker:you can manufacture a product that you could serve as getting
Speaker:into these platforms.
Speaker:And then they would leverage into,
Speaker:Hey, here's our website and a coupon.
Speaker:Come over here and buy this other product over here.
Speaker:So keeping that in mind.
Speaker:Okay, so you're using it as a funnel.
Speaker:So if you get onto Groupon and Zulily,
Speaker:they take a certain cut.
Speaker:So let's say you're suddenly at $20 normal retail,
Speaker:you were selling on like $10 for Groupon and then $5
Speaker:of it goes to Groupon and $5 of it goes to
Speaker:you. So just imagine you have to cover costs.
Speaker:So that's a really steep discount one.
Speaker:So it's similar to wholesale.
Speaker:It is,
Speaker:but at a larger scale and a deeper discount,
Speaker:in a way,
Speaker:it started out in that way of these are popups and
Speaker:then people would be exclusive to those sales,
Speaker:but now they're all online and even jane.com
Speaker:if you're a handmade person,
Speaker:you have to have 50 in your queue,
Speaker:like 50 in inventory minimum.
Speaker:Whereas if you're manufactured,
Speaker:you have to have a hundred so there's all these different
Speaker:sites, they're sassy steals,
Speaker:there's group deals,
Speaker:that's a deals with a Z at the end and they
Speaker:have the traffic.
Speaker:So they do flash seals to only last for three days
Speaker:with different vendors.
Speaker:And then you're getting on there as one of those deals
Speaker:and then you're seeing what sells and what doesn't sell.
Speaker:I found that they're very,
Speaker:very time sensitive.
Speaker:So if it's Mondays it's sometimes a better day than a
Speaker:Sunday or a Saturday when moms are out doing kids' stuff
Speaker:and mom life.
Speaker:And then also in summer months they do themes and everything.
Speaker:They could be like off to the beach or something.
Speaker:And so then if you fit into that,
Speaker:that's really helpful for them.
Speaker:Pushing sales to pick your plum is another one as well.
Speaker:Do you get customer information when people buy or do you
Speaker:just provide the product and they fulfill and you just,
Speaker:so it's strictly a money play really.
Speaker:So you don't get the information and a lot of them
Speaker:don't even let you put in an insert,
Speaker:but sometimes they do.
Speaker:So it's something to keep you read the contract.
Speaker:Some of them are,
Speaker:they fulfill for you.
Speaker:So then it's like Groupon and Zulily.
Speaker:You send it into them and they distribute for you.
Speaker:But for Jane,
Speaker:you distribute yourself So you would get information.
Speaker:You've just mentioned so many platforms,
Speaker:so I'm sure all of them are very different.
Speaker:You don't get their information,
Speaker:you go onto their platform.
Speaker:So you have their name and address,
Speaker:but you don't get their like email address.
Speaker:So it's like Amazon then.
Speaker:Yeah, so you're fulfilling and then you put in the tracking
Speaker:numbers and it's all done through their system.
Speaker:But the main thing that's really nice about it is that
Speaker:you get surges of money into your business that you normally
Speaker:wouldn't get.
Speaker:So with the product business,
Speaker:and you know this,
Speaker:you have to have a certain amount of inventory and money
Speaker:that you can convert,
Speaker:right? That you can turn over.
Speaker:And so you always need that incoming money because you have
Speaker:to invest it in either more inventory or pay yourself or
Speaker:any of those.
Speaker:So it's nice to have that surge of money.
Speaker:On top of that,
Speaker:you're gathering data to what's reselling really well,
Speaker:why did it sell?
Speaker:Who is it appealing to?
Speaker:What is their customer?
Speaker:Is it a mom?
Speaker:Is it a millennial?
Speaker:So you're gathering data so it's even if you come out
Speaker:even, I feel like you're learning a lot in the process.
Speaker:Thank you so much for that information because as I said,
Speaker:we haven't really talked about that before.
Speaker:You mentioned product inserts.
Speaker:Yeah, I love products insert so much.
Speaker:I talk about this on the podcast so much too because
Speaker:they're so cheap and they're pretty effective if you hit the
Speaker:right person.
Speaker:So like you could put something in there that's like,
Speaker:Hey, on your next purchase,
Speaker:get 30% off.
Speaker:Or you could say here's an exclusive that we only give
Speaker:to our customers and it's a different product that you're pushing
Speaker:to their website.
Speaker:You could say,
Speaker:Hey did you know that 10% goes to this charity from
Speaker:us if you go to this website and then they input
Speaker:their email.
Speaker:So it's just super simple because I mean inserts are like
Speaker:you can do a business card size at like 3 cents
Speaker:or something,
Speaker:you know,
Speaker:and you're just putting it in there cause you're fulfilling those
Speaker:anyways. It's like having an optin but it's an insert.
Speaker:Are there any don'ts for product inserts?
Speaker:Don't put too much information.
Speaker:One call to action.
Speaker:Don't say follow us on Instagram.
Speaker:Also by this year also here we are over here.
Speaker:It's just too much.
Speaker:It is too much for sure.
Speaker:I'm kind of thinking with those product inserts,
Speaker:if there was a way to capture email addresses to add
Speaker:people to your list,
Speaker:customer lists,
Speaker:that could be a good thing.
Speaker:Yeah, that's what I tried to do with the charity thing
Speaker:because then people,
Speaker:it gives them a reason,
Speaker:right? It has to be incentive enough for them to go
Speaker:to your website and put in their email.
Speaker:So then like a lot of times charity is that or
Speaker:a really good coupon or an exclusive product that only they
Speaker:get because they were previous buyers and they happened to get
Speaker:that insert.
Speaker:Let's go now just as we're closing out to one final
Speaker:piece of advice.
Speaker:You'd give somebody who has a product,
Speaker:they're making it on the side.
Speaker:They haven't really started a business yet,
Speaker:but they're thinking about it.
Speaker:What would you say to that person?
Speaker:I would say be very cautious of the advice and the
Speaker:strategies that you get for service-based that do not apply to
Speaker:product based.
Speaker:This is something I've seen a lot of that people,
Speaker:because I'm in masterminds myself and then I coach masterminds,
Speaker:but the advice that's out there is very specific to service
Speaker:base. So for instance,
Speaker:I heard somebody give somebody advice about how to scale a
Speaker:handmade business.
Speaker:Their idea was to get into a whole bunch of trade
Speaker:shows and be in like let's say five trade at once.
Speaker:They pay for the boots,
Speaker:they hire out people to be at the booze and then
Speaker:they scale that way because they're in more visible places.
Speaker:But that is like the most expensive strategy they could ever
Speaker:have and they don't even know if those trade shows are
Speaker:effective or the timing is right or if that's the audience
Speaker:that will be wanting the product at that time.
Speaker:Well and you can't train the staff so you don't know
Speaker:how they're interacting.
Speaker:You don't get any feedback from your customer or your potential
Speaker:customers either.
Speaker:Cause I think trade shows are such a great opportunity.
Speaker:If you're there to interact with customers,
Speaker:see how they're feeling about your product,
Speaker:getting new ideas,
Speaker:so many things,
Speaker:Even picking up verbiage,
Speaker:nobody's going to care as much as you about the stuff
Speaker:that people say about your product.
Speaker:So that instance,
Speaker:it's because in a service based world that's the way to
Speaker:scale is to get into more places.
Speaker:But that doesn't work for product based businesses because it's so
Speaker:risky and it's so money heavy.
Speaker:And then on top of it it's just not the same
Speaker:as simply isn't.
Speaker:And I give this example all the time about for service-based,
Speaker:they say to have a really good opt in,
Speaker:right? Like have a checklist or have a free download that
Speaker:people can not resist.
Speaker:But for a product based person you should just give them
Speaker:a coupon for their first purchase and they will almost always
Speaker:pick that over a free checklist.
Speaker:I love what you're talking about here in terms of service
Speaker:versus product based.
Speaker:Great information on that.
Speaker:I really appreciate it.
Speaker:So Mina,
Speaker:at this point I'd like to invite you to dare to
Speaker:dream. I'd like to present you with a virtual gift.
Speaker:It's a magical box containing unlimited possibilities for your future.
Speaker:So this is your dream or your goal of almost unreachable
Speaker:Heights that you would wish to obtain.
Speaker:Please accept this gift and open it in our presence.
Speaker:What is inside your box?
Speaker:So I have to say,
Speaker:Sue, this was actually a really hard question for me to
Speaker:think about.
Speaker:I couldn't come up with anything that was really super specific,
Speaker:but if I had to choose something because I was trying
Speaker:to think of what's my idea of success,
Speaker:right? It would be,
Speaker:I would open that box and it would be utter and
Speaker:unbelievable financial freedom.
Speaker:So I have of course,
Speaker:yacht in some financial freedom to a certain level,
Speaker:but I would like utter unbelievable financial freedom.
Speaker:Love it.
Speaker:I love it.
Speaker:I put this question out there because I don't think a
Speaker:lot of people really think and define where they want to
Speaker:go, but I also do it because it's the law of
Speaker:attraction type thing.
Speaker:If you voice it and say it,
Speaker:why shouldn't it come to you?
Speaker:It's 100% too.
Speaker:That's why journaling and being in masterminds or anything are so
Speaker:productive is because it forces you to say things or write
Speaker:things down and then all of a sudden you've done it
Speaker:and you haven't even realized the universe blessed you with what
Speaker:you were asking for.
Speaker:Right, and I know that this is true for me is
Speaker:I'll think things,
Speaker:but when I'm thinking it,
Speaker:that image is still a little bit blurry.
Speaker:But when you're forced to put it into words,
Speaker:it gets really sharp and clear.
Speaker:Yeah. Oh gosh.
Speaker:Words are so powerful.
Speaker:That's why I said under financial freedom,
Speaker:There you go.
Speaker:There, you know,
Speaker:so gift is listener is I absolutely suggest direct you all
Speaker:of that to listen to the product boss where you can
Speaker:listen to Mina and Jacqueline talking all product based.
Speaker:You can hear by what she's been sharing today,
Speaker:how much great information she has in good direction.
Speaker:So definitely go over and listen to them there.
Speaker:Where else would you direct people to go?
Speaker:Meena Our Instagram.
Speaker:We have been totally an investing time into that platform for
Speaker:sure. So stories,
Speaker:I presume stories and our feet as well,
Speaker:but it's the product boss is our handle and so you
Speaker:can catch us on there and we're doing all kinds of
Speaker:funny stuff.
Speaker:I feel like in regular stuff we're just living mom life
Speaker:a lot of the times.
Speaker:Oh that's good.
Speaker:The behind the scenes,
Speaker:here's what else is happening.
Speaker:Rounding out the life.
Speaker:Yeah. Yup.
Speaker:Juggling poopy diapers and spreadsheets at the same time.
Speaker:No, that's an image.
Speaker:I'm pretty certain now when isn't it on the page?
Speaker:Well Mina,
Speaker:thank you so much.
Speaker:You have really brought us in a direction here with product
Speaker:information in several cases that we've not touched on before,
Speaker:so really,
Speaker:really great quality information,
Speaker:new concepts for my listeners to consider and direction to take,
Speaker:that's really going to be valuable for them.
Speaker:So for that,
Speaker:I appreciate it and I've so enjoyed having you on the
Speaker:podcast. Thanks so much Sue.
Speaker:I love to being on here and I appreciate you having
Speaker:me on.
Speaker:Wow. Didn't mean to share with us such valuable information.
Speaker:I agree with her online.
Speaker:There is so much available for service based businesses but not
Speaker:as much for product based businesses and she is an expert
Speaker:here so I really appreciated her coming on the show to
Speaker:talk with us.
Speaker:I suggest that you relisten and apply what mean is talked
Speaker:about that's right for you and your business.
Speaker:We're coming on the end of the year and it's smart
Speaker:for us to start thinking of how we can adjust our
Speaker:strategies for 2019 so that we can get even stronger results
Speaker:up next week.
Speaker:I'm going to stick with the holiday season here and I
Speaker:can't wait for you to hear about a business from the
Speaker:baking industry.
Speaker:She is a product that we can all use.
Speaker:Think Christmas cookies that's coming up next week on gift biz
Speaker:unwrapped. I'll see you then.
Speaker:Are you discouraged because your business is not performing as you
Speaker:had envisioned?
Speaker:Are you stuck and confused about how to turn things around?
Speaker:Sue's new best selling book is structured to help you identify
Speaker:where the holes are in your business and show you exactly
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