Today on the podcast my guest is Michelle Ferron the founder of Good Tuesday (previously Once Upon A Tuesday), a female led brand and B Corp. Good Tuesday creates stationery for people who want to organise in all areas of life in style, from design-led annual calendars to diaries, weekly planners and notebooks printed in England and created in a sustainably conscious and ethical way.
If you're curious about what it means to become a B Corp and how businesses can achieve that status, this podcast is for you. In this episode, I dive into that very question with Michelle, but our conversation doesn't stop there. We also discuss what it takes to grow a successful brand, especially when it comes to building and managing a team. Michelle shared that she now leads a team of eight, and we explored how to know when it’s the right time to hire, the roles to prioritise, and the ins and outs of team management as your business expands.
If you're currently thinking about growing your own team or have plans to do so in the future, this episode is packed with insights you won't want to miss!
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Welcome to the bring your product idea to Life podcast.
Speaker:This is the podcast for you if you're getting started selling products or if you'd
Speaker:like to create your own product to sell. I'm Vicki Weinberg, a product
Speaker:creation coach and Amazon expert. Every week I share friendly,
Speaker:practical advice as well as inspirational stories from small businesses.
Speaker:Let's get started.
Speaker:Hi. So today on the podcast, I've been speaking to Michelle Ferran.
Speaker:Michelle is the founder of Once Upon a Tuesday, a female led brand,
Speaker:and BCorp. that create stationery for people who want to organize in all areas
Speaker:of life in style, from design led annual calendars to
Speaker:diaries, weekly planners and notebooks printed in England and created in
Speaker:a sustainably conscious and ethical way. I had a great chat with
Speaker:Michelle. Of course, I wanted to know what it meant to be a B Corp
Speaker:and how you become one. That was one of my top questions to ask her.
Speaker:But we also spoke a lot about growing a brand and particularly growing a team.
Speaker:Michelle mentioned early on in our interview that she has a team of eight now.
Speaker:And I was really intrigued to find out about how to know when to
Speaker:hire someone, what kind of things to hire people in to do,
Speaker:and all aspects, really, of hiring and
Speaker:managing a growing team. And if that's something you've been thinking
Speaker:about or have on your plans for the future, I think you'll find that particularly
Speaker:interesting. So I would love now to introduce you to
Speaker:Michelle.
Speaker:So, hi, Michelle. Thank you so much for joining me today. Vicky, thank you
Speaker:for having me. Oh, you're so welcome. Can we start? If you please.
Speaker:Give an introduction to yourself, your business, and what you sell.
Speaker:Definitely. So I'm Michelle, and I run a
Speaker:small stationery brand called Once upon a Tuesday. And we specialize
Speaker:in products like calendars, planners, anything really to stay organized
Speaker:at home or at work. Amazing. Thank you.
Speaker:So can you tell me how, why and when you started? Once
Speaker:upon a Tuesday? Yeah. So we are one of the lockdown
Speaker:stories. 2020. I
Speaker:lost both my clients and wanted to do something. And I was
Speaker:actually looking. I was learning to design. I've always worked kind of designing
Speaker:in marketing, but never really did it properly. So I was
Speaker:learning the Adobe suite illustrator and I designed a
Speaker:birthday calendar because I couldn't find one that I liked. And then I
Speaker:printed ten at a printer down the road just so I could get the price
Speaker:down. And just for a bit of fun, and I popped them on Etsy and
Speaker:I sold seven overnight. So I was like, whoa,
Speaker:what's this? And then, so I designed a
Speaker:few more calendars. And later in the year, when I designed an
Speaker:annual 2021 calendar, Etsy featured it in their global
Speaker:newsletter. And we just sold thousands and thousands of the
Speaker:thing and we were just stuffing envelopes and. Yeah, it was so it was kind
Speaker:of an accidental business startup, but once that happened,
Speaker:we knew it had legs, so then started taking it more seriously
Speaker:and eventually phased out the clients and full time
Speaker:focus on this. Oh, that's amazing.
Speaker:Yeah, that's really. Yeah, I'm just thinking to
Speaker:put them on Etsy and then for them just to sell like that, I guess.
Speaker:I know, it was really unexpected. Yeah. And, you know, I've worked in e commerce
Speaker:and I never really took Etsy seriously as a, as
Speaker:a platform, but honestly, it's brilliant. And it's still, we still sell there
Speaker:now sort of nearly four years on. That's amazing.
Speaker:So let's talk a little bit about going from putting a few
Speaker:products on Etsy that selling and then sort of expanding
Speaker:and growing a business. Can you talk us through that a bit? Yeah, I
Speaker:mean, it's a lot growing a business. We're now a team of
Speaker:eight, so we've expanded a lot in the last few years, which is super
Speaker:exciting. But I think Etsy, we did everything we could to
Speaker:optimize that really well, so we knew kind of what worked.
Speaker:And then I wanted to have our own website because I
Speaker:thought really, that's how we own the sales and we can sort
Speaker:of do our marketing, release our marketing brains on that.
Speaker:And so I built a Shopify site which is sort of highly recommended.
Speaker:I love Shopify and
Speaker:really started to focus on that. And then we hired first team members to
Speaker:sort of support in that and also the support with
Speaker:the packing of orders and things like that. Yeah. And sort of
Speaker:just, you know, we're growing really organically but consistently. We're always focused on,
Speaker:okay, what's next? How we can do better, and, you know, where are our
Speaker:customers? What do they want? Amazing. Thank you for
Speaker:sharing that. And I know your product range is so much bigger
Speaker:than when you first started. Oh my God, how
Speaker:have you balanced that? Because obviously in the early days you had such a lot
Speaker:to do with getting set up on Shopify and I, all the things
Speaker:around the business side of things, how did you balance that with coming up with
Speaker:new products and rolling those out?
Speaker:Yeah, it's really tricky. I don't really know how, but definitely
Speaker:with help from a team, I think growing the team has been the only way.
Speaker:And I've seen this with so many business owners that they get some
Speaker:success, but then they get so caught up in the packing and the customer service
Speaker:and that it kind of actually slows the design side. And I knew that I
Speaker:didn't want that to happen. I really identified that early on as, like,
Speaker:customer services is, you know,
Speaker:I was good at it because it was my own company, so I knew what
Speaker:to say, but I also knew that other people could do that just as well.
Speaker:So one of our first team members was to come and do that
Speaker:customer service, but also upload all the products. So that whole
Speaker:process, after the designing of the product, I was
Speaker:able to hand over to a team member, which meant that I could
Speaker:then refocus on the next thing. So I think that's been the
Speaker:real. The only way of being able to do that. Yeah, that makes a
Speaker:lot of sense because are you the only person, Michelle, that does the product
Speaker:design? No, I have lovely designer
Speaker:called Lizzy with me. I mean, we have over
Speaker:200 products at the moment, so it's a
Speaker:lot. And then obviously, we really, we specialize in dated
Speaker:products, so we have two peaks, academic year and new year
Speaker:products. So sort of it's constant rolling of new,
Speaker:new products out. So, yeah, it's the two of us. Okay. But initially, was it
Speaker:just yourself? Is that right? Yeah, it was me. Lizzie joined
Speaker:sort of maybe a year and a year and a half
Speaker:ago. Yeah. Oh, wow. I love how much your team is great. Do you mind
Speaker:me asking, actually, at what point, if you can remember, you took on
Speaker:your first team member? Yeah, I think
Speaker:it was right after our peak, because obviously we'd had cash in the bank. We
Speaker:knew, okay, we've got this money now. We know we can.
Speaker:We know we can afford someone as long as what we're
Speaker:paying them is going to, you know, we're going to make.
Speaker:The value they bring is going to be more than that. And it was really,
Speaker:I think that's a really scary part, investing in big things like that and
Speaker:specifically team members. So
Speaker:really, when we knew we had that cash available, but also that
Speaker:we knew there was enough work and enough growth opportunity for
Speaker:me to sort of focus on, it was, I just felt, like, constrained for time.
Speaker:So we got someone in sort of a dual role to, you know, to take
Speaker:on lots of different things. The reason I asked about that
Speaker:is I get the sense that you've grown your team, perhaps
Speaker:sooner than a lot of other businesses I've spoken to. And that's the reason I
Speaker:asked that, because I find that really interesting, because I think it can be really
Speaker:tempting to hold on to everything yourself as long as possible
Speaker:until, you know, you're completely burnt out and you can't cope and you happen
Speaker:to lose my experience anyway. Yeah, I think most
Speaker:people go through that experience, and I think, you know, one of the things that
Speaker:really facilitated is that I had a business coach. In fact, I
Speaker:had two business coaches because one brought the other one in because he wanted the
Speaker:financial side. And so, you know, I had these two men that were advising
Speaker:me once a week or once every few weeks, and it was just brilliant because
Speaker:they gave me the confidence. And one of the questions he asked at the beginning
Speaker:was, do you want to be, you know, you're
Speaker:successful as a one man band? Is that what you want to do, just be
Speaker:more successful and optimize your times, one man band? Or do you want to grow
Speaker:it into a bigger thing with the team,
Speaker:etcetera? And, you know, I sat on that for a while because it was really
Speaker:easy doing it for my spare bedroom and the income was
Speaker:comfortable, but I thought, you know, I know in
Speaker:my nature, it's to focus on growth.
Speaker:So kind of, I was like, actually, that's the direction I want to
Speaker:go, so I may as well just try it, see how it goes. So. Yeah,
Speaker:but it was helpful having that feedback from the coaches. Yeah,
Speaker:that makes a lot of sense to think about where you want to go and
Speaker:how you want to run your business. Yeah.
Speaker:Thinking, I guess, with the end of mind a bit more. Yeah, that makes a
Speaker:lot of sense. So, obviously, you do a lot of things because, I mean, you
Speaker:haven't mentioned this, but I happen to know you have a fairly, you know, young
Speaker:family as well. How do you stay organized, Michelle, with, like, you know,
Speaker:running the business and then your family life, how do you.
Speaker:I'd love to say we're very organized. I have three kids. I've got two older
Speaker:girls and a little guy who was born a couple of years
Speaker:into the business. I don't really know how, but I
Speaker:offer a lot of the things that we design, I designed for myself
Speaker:first because I know I need all these tools to stay
Speaker:organized. I've got an ADHD brain, so there's a million things going
Speaker:on. So I always have always been a list person that needs to get things
Speaker:down. And, you know, one of the things I use religiously every week
Speaker:now is my weekly planner, and I take the information
Speaker:from ever, from my work calendar, from home life, from
Speaker:birthdays, from everything, and I put it in this weekly planner. I do it on
Speaker:the weekends, I know what's going on. And without that, if I ever skip a
Speaker:week, I'm totally lost. And everyone's lost. You know, I put the meals on
Speaker:there and everything. And I guess that's really. That glues it all together.
Speaker:Oh, that makes sense. And it sounds like a lot of the products you're
Speaker:creating, is it fair to say a lot of them are products that
Speaker:help you and they just happen to help a lot of other people? Is that
Speaker:where they. The idea comes from, really? Yeah. It almost
Speaker:always comes from, I need this in my life, so. And then
Speaker:kind of we work our way out from there. Yeah.
Speaker:Yeah. That's brilliant. Let's talk a little bit
Speaker:about sustainability, if that's okay, Michelle, because I know you have really strong values about
Speaker:sustainability. Can you tell us what you're doing and why you've chosen
Speaker:to do things that way? Yeah, so we've
Speaker:become B Corp certified company in
Speaker:February of this year. So that's really exciting. It's basically a
Speaker:certification that certifies us to the
Speaker:highest environmental
Speaker:standards, but also looking at community transparency,
Speaker:accountability, and those kind of things. So
Speaker:I love business. I love the game of
Speaker:business, but I'm not so fan of what the impact of business
Speaker:in the world. And so I've always thought
Speaker:I want to do it, but try and do it well. And, you
Speaker:know, B Corp is really all about business as a force for good.
Speaker:So I kind of want to run a business
Speaker:how I'd like all the other businesses in the world to behave so
Speaker:responsibly and kindly and lovingly.
Speaker:So, you know, we try, and in every decision we make, we try and
Speaker:consider all those elements. So kindness is really one of the most
Speaker:important things in our business planet and
Speaker:to our team members and to our community and our
Speaker:customers, of course. Most importantly. That's amazing.
Speaker:And can I ask, because I've never asked anyone this before, how do you go
Speaker:about becoming a certified B Corp? Is it a
Speaker:long process? Do you have to do a lot to get the unsure
Speaker:long? Yeah, it is. It's challenging. So
Speaker:it's basically, you get points allocated, so anyone can go on
Speaker:and just look up the bhidden assessment. You can just sign up, and then there's
Speaker:a whole bunch of questions that they use to give you points.
Speaker:And on average, most businesses will score about 50
Speaker:points, sort of, without doing anything, but you need 80
Speaker:to achieve the B Corp status. So
Speaker:they look at five areas of the business, including
Speaker:environment, your workers, your community.
Speaker:And so, yeah, it's just putting a lot of stuff in place to make sure
Speaker:that you have those points and also that you continue
Speaker:working towards improving what you're doing.
Speaker:So anyone, you can just log into the assessment and
Speaker:get familiar with the process and then there's loads of like local groups that
Speaker:you can join. We were really lucky to have,
Speaker:there's a really active community here in Cornwall where we're based, so we've
Speaker:been on events and we were accepted on a program called B 23
Speaker:that led us through the whole process, which was really helpful. So
Speaker:if you can get outside help, it's great. It's a lot around
Speaker:policies that you have in your business. Your supply
Speaker:chain is really important and really understanding where your product,
Speaker:if you're info manufacturer, obviously a service business is different
Speaker:and businesses get points
Speaker:in different kind of, businesses get assessed in different ways. Obviously
Speaker:we, we create products, so that's important,
Speaker:the supply chain, but yeah. So anyone can go in and have a look.
Speaker:Yeah, there's a lot of information available. Well that's brilliant. And I
Speaker:assume you provide evidence as well for everything you're
Speaker:doing. Yes. Yeah, there's a lot of, you know,
Speaker:there's. When you finished your assessment and you say, okay, I'm ready, you can
Speaker:see how many points you have and then they'll assign an assessor to you
Speaker:and they'll walk you through and see and just check that everything's
Speaker:accurate and. Yeah, yeah, amazing.
Speaker:And could you want to tell us some of the things that you're doing? Because
Speaker:honestly, never be shy. It'd be great to hear some examples of some of
Speaker:the things you're doing that helped you get those data.
Speaker:So, you know, one of the big things is that we produce everything in the
Speaker:UK. That's one of our brand promises and we source as local as,
Speaker:as possible. So that footprint
Speaker:lowering that, but also investing in our local community and
Speaker:our local economy is really important. The other thing
Speaker:we only print on recycled paper. So those are kind of our
Speaker:two brand promises. We're also a plastic free company, so our
Speaker:warehouse is completely plastic free.
Speaker:We also speak with our
Speaker:suppliers. We always know what their environmental
Speaker:credentials are and make sure that they're doing the right
Speaker:things like using the right energy
Speaker:supply and things like that. And
Speaker:then we've also, for example, one of the things we implemented was
Speaker:we became a living wage accredited organization. So
Speaker:we always pay at least the living
Speaker:wage set by the living wage foundation. Yeah,
Speaker:lots of things we do. Volunteering.
Speaker:Yeah, lots, lots of air in all areas of, of the
Speaker:business. Yeah, it definitely does. Sound like you're doing a lot.
Speaker:And another question we don't mind is when you were expanding. So you
Speaker:mentioned when you had your first products printed, you went to a local printer and
Speaker:got them printed. How was it
Speaker:scaling from that element? Because I assume that as your
Speaker:range gets bigger and you get bigger, are you still working with the same printer
Speaker:or are you having to look for other people to work with and
Speaker:you have to source your own paper and ink. And especially now with the
Speaker:thought of having these credentials as well, I guess it makes.
Speaker:I guess a lot of thought has to go into everything. A lot of thought
Speaker:goes into everything. And sometimes the decisions we have to make are not the most
Speaker:obvious ones. Sometimes price is not the main driver,
Speaker:and that's okay. But.
Speaker:Well, we still work with the first printer I ever
Speaker:went to, and we became one of their biggest customers and they're growing
Speaker:with us. They've just bought some great equipment just to
Speaker:be able to supply some of our products. So that's really exciting
Speaker:to have been able to grow with them. But we've also
Speaker:had to go to others because different printers specialize in different kinds of
Speaker:products. And it's good also
Speaker:to spread your supply chain out a little bit. And actually,
Speaker:we've just taken on in December, so a few months ago, we've taken
Speaker:on a product sourcing person slash
Speaker:buyer. And that's brilliant, because actually, sourcing products,
Speaker:it takes up so much time and getting
Speaker:the right pricing and the right sustainable credentials and stuff.
Speaker:So we're not yet at the point where we're buying our own paper, but that's
Speaker:certainly something we could be doing as we grow.
Speaker:So, yeah, a lot to think about developing products, for sure.
Speaker:Definitely. And I'm also thinking as you're talking and about
Speaker:your team as well, I guess there's also a lot to think about when you're
Speaker:bringing people in in terms of what role does that person
Speaker:need to fulfill and how does that fit in with the team you already
Speaker:have? Yeah, that's, you know, that's taken
Speaker:a lot of thinking around it. So I should say that I run
Speaker:the business with my partner, Angus, my life partner.
Speaker:And, you know, that's brilliant. He came on board a couple of
Speaker:years into the business full time. He's always been sort of by my side, but
Speaker:so, you know, we're able to share on that. And earlier this year,
Speaker:we went away for a couple of night and just really sat down and thought,
Speaker:okay, what do we need down? Everything that needs doing in
Speaker:the business and sort of allocated it under everyone's name and gone, okay, and
Speaker:these are the things that need doing, but no one, we don't have anyone to
Speaker:do them. And they mainly were things that kind of ended up on my plate
Speaker:but then didn't happen because of time limitations.
Speaker:So now we've just hired another person
Speaker:to help with marketing. So, yeah, we kind of
Speaker:slowly, gradually building sort of a team
Speaker:to take on everything that needs doing. So Angus and I can focus on
Speaker:sort of the bigger picture. That's amazing. And
Speaker:I don't know if I've spoken to anyone actually on the podcast who's
Speaker:he's grown that, you know, who has managed to grow a team to this,
Speaker:to this size. And I know to you, I don't know if it seems like
Speaker:a big team or a small team, but I think it feels to me like
Speaker:that's a big team. Do you have any advice
Speaker:about, you know, finding the right people or
Speaker:anything around managing a team? Because as say, I do think it's a struggle
Speaker:lots of us have where we leave it almost too
Speaker:late to find someone and then it's not always as
Speaker:well thought through as it could have been, perhaps. Yeah, I think
Speaker:it's, you know, it's really challenging and we definitely didn't get it right the
Speaker:first 1st few times. So I've
Speaker:really kind of, first of all, writing a really
Speaker:clear job description, even if it's just for yourself to
Speaker:start writing every little thing that you think this person should take on and then
Speaker:see how it can, how it can work together as a
Speaker:job. And then I've sort of built this
Speaker:hiring process, which has become really important to
Speaker:our process. So we basically do a Google form,
Speaker:so all the applicants fill out the same questions
Speaker:and they sort of automatically in a spreadsheet, we get rid of their names because
Speaker:part of B Corp is also to sort of hire without
Speaker:discrimination. And so we get rid of the names and then we just
Speaker:look at people's answers to these questions and the questions. It's
Speaker:so important to ask the questions that
Speaker:mean something to you and your business and really just ask
Speaker:everything. And so
Speaker:that's been one of the best things because you
Speaker:can compare people's answers and go, oh, actually,
Speaker:yeah, that looks good, or that person might not
Speaker:be quite fitting.
Speaker:So rather than letting them decide what they send you, you
Speaker:decide. So that's been a really great way of hiring them. And then in
Speaker:interviews also, I've asked everyone exactly the same question. I explain in
Speaker:advance how we do it so that you can really give them a
Speaker:fair hiring process, but also just really to get a good, clear
Speaker:idea. And then one of the key tricks also is when I hire someone, I
Speaker:always, in the final few, when we're, when
Speaker:I'm talking to people, I always ask them to do a task related to
Speaker:the job and then also ask them
Speaker:for some, I give them some feedback on it and then I see how they
Speaker:respond to that feedback because, you know, these are people you spend every
Speaker:day with and so much time. So when you can have a good, open
Speaker:communication, for me, that's really important. So, yeah, that process has been really
Speaker:important. And, you know, we just have a brilliant team now. I'm so, so lucky.
Speaker:Yeah. Thank you for sharing. I think that sounds like a really good process, and
Speaker:it sounds like it's really important to think about the person
Speaker:and their character and their values, as well as perhaps their
Speaker:experience, because I'm sure you've experienced that you can find
Speaker:someone who, on paper, can do the job to a really good level,
Speaker:but perhaps if the values don't quite fit or
Speaker:personalities. So it sounds like your process looks at both
Speaker:aspects. Yeah. It's really important to identify what's important to you
Speaker:in a person that you're going to spend all this time with. And I know
Speaker:it feels crazy, you know, every day we're still like, oh, my gosh, how did
Speaker:this happen? How have we got. How are we eight, you know, including us, so
Speaker:six others. And then we have a few freelancers we work with on other stuff.
Speaker:But, you know, I think it's. It takes some real.
Speaker:It's really some balls to do it. I should say
Speaker:that, you know, it's really scary
Speaker:investing in this, but. But I think it's been so the right thing
Speaker:for us, you know, and having other people also to bounce off and
Speaker:just, you know, if you can hire people who are just better than you, that's
Speaker:also a really great trick. But, yeah, it's been. It's been amazing,
Speaker:but also really scary, but just quite a ride.
Speaker:Yeah. Yeah, I can see. And one last question on this, because I think
Speaker:this will also be a useful thing for people to consider,
Speaker:is at what point do you know,
Speaker:okay, I could find someone else to do this, whether it's a task or
Speaker:a specific job, because I think that's always the thing as well, isn't it? Especially
Speaker:when you've been doing everything yourself and you'll make it maybe your first or second
Speaker:hire. It's okay. Who am I looking for? What
Speaker:exactly is this job? What am I outsourcing. Do you
Speaker:have any thoughts on how to determine,
Speaker:okay, this is what the job will be, or this is my priority for
Speaker:outsourcing? I think if you are leaving
Speaker:opportunities on the table because you're too busy uploading
Speaker:products or
Speaker:packing orders or doing all that stuff
Speaker:that you're doing in the business, but there are opportunities to grow.
Speaker:So maybe you're on one platform but not yet on another, and your one platform
Speaker:is doing well. And, you know, if you went on the other one, you'll also
Speaker:do well. So as long as there's opportunities that you
Speaker:can make the most of in that time that someone's taking off your
Speaker:plate, I think that's the right time. And if you know that
Speaker:those opportunities are going to bring in the finances,
Speaker:yeah, that's helpful. So I guess it's a case of looking
Speaker:at what you're doing that you don't necessarily need to be doing,
Speaker:because I think all of us fall into the trap of doing something because we're
Speaker:the person that does it or has. Always done it, it's really
Speaker:hard to let go of it, you know, and to
Speaker:keep your own stamp on it, you want to, you know, it's
Speaker:really hard to let go of that. But
Speaker:we use Trello, for example, and we put
Speaker:all our operating procedures in there, so everything we
Speaker:write in there is how we do it. And so, for example, for customer service,
Speaker:we have a really clear guideline. We're always
Speaker:nice to people, regardless of how, you know, how
Speaker:they, what they're writing. We're always there to serve them. If they're
Speaker:unhappy, then we've done something wrong and let's fix it and
Speaker:that, you know, and sort of just sharing those templates
Speaker:and just making things as easy as possible to do in the way that you
Speaker:would do it yourself. That's really helpful, actually.
Speaker:So I think even just writing down what you do and how you do it
Speaker:is something that a lot of us could probably benefit from. Oh,
Speaker:yeah. Especially if you're, you know, you're not doing things all the time. We have
Speaker:a board on Trello that just called how stuff works, and we
Speaker:just. Every time you do something, if you've done it for the second time, I
Speaker:always. If you've done it for the second time, there should be a guide on
Speaker:how to do it so that someone else can do it when you're not there.
Speaker:You do sound incredibly organized, I have to say.
Speaker:I think it's you. Yeah. Without it, I'm so, my
Speaker:brain is so unorganized. That I need the organization tools to, to
Speaker:keep it organized somehow. Yeah, I think it's working.
Speaker:So I have one final question, Michelle, which I ask all of my
Speaker:guests, which is, what would your number one piece of advice be for
Speaker:other product creators? Yeah,
Speaker:I think pricing your products well is
Speaker:one of the most important things. So when I first got my calendar
Speaker:and I showed it to my friend who had a retail store, and I said,
Speaker:well, what would you sell this for? Because she was exactly kind of the target
Speaker:audience that I wanted to hit. And she said,
Speaker:1795, or something like that. And I thought to
Speaker:myself, my God, no way anyone would pay that.
Speaker:But then I thought about it and I did go a bit lower,
Speaker:but because we priced it well and we thought about the
Speaker:wholesale pricing, because initially we weren't doing wholesale. Now we have
Speaker:gone into wholesale. We sell, we've just, just, you know, we're selling
Speaker:to major organizations and we've got major american companies
Speaker:reaching out to us. And, you know, without having
Speaker:that right pricing in place, we would never have been able to do
Speaker:those margins for wholesale. And, you know, we see
Speaker:there's a lot of brands that do a calendar now and again,
Speaker:lovely artists and stuff, and they, there was one locally, and it was
Speaker:priced so low, and it was such a beautiful calendar. And I know what
Speaker:pricing is for calendars because we have source, we've spoken to almost every
Speaker:printer around, and I was like,
Speaker:how have they done this? But they're just underpricing themselves, which means that
Speaker:they're not going to last, they're not going to survive, and they're making a beautiful
Speaker:product, and then it undercuts us,
Speaker:which is fine, where everyone is allowed to put
Speaker:their product out there, but it's a lose lose for everyone if you don't
Speaker:price well, and particularly for yourself. So, yeah, that's my biggest.
Speaker:That's brilliant advice. Thank you. And I've definitely seen that as well. Where
Speaker:you get into the, I don't know, the people will
Speaker:price for, I don't know, to be competitive,
Speaker:as you say, that's not always the best long term strategy. It's a
Speaker:race to the bottom. Yeah. Yeah. And as you say, it really
Speaker:harms everyone because then, you know, I've seen, so I
Speaker:specialize in helping people sell on Amazon, as you know, and I've
Speaker:seen this where someone will lower their price and then everyone else else lowers
Speaker:their price and then. Yeah. And it just
Speaker:doesn't work out well. No, it's really, pricing is one
Speaker:of the hardest things because, you know, you're going, we all have so many
Speaker:biases around prices and, you know, we're up against some of the major,
Speaker:you know, M and s and every, every store sells some of the
Speaker:things that we do. Obviously we, hopefully we do them better, but we can do
Speaker:them better because we price for them. We print locally,
Speaker:they're recycled paper and it costs us more because
Speaker:we're not printing in China. But luckily people are happy
Speaker:to invest in it. Yeah. And I think being confident in your
Speaker:price is really key as well. And it sounds like you are because I think
Speaker:having, pricing your products and getting a price right, but then
Speaker:also standing by that and saying this is a fair price,
Speaker:this is what this should be priced is really important as well because it can
Speaker:be tempting if maybe sales aren't where you want them to be to the think,
Speaker:oh, maybe I'm too expensive, but I think there are people who are looking
Speaker:to purchase in different price brackets. And I think it's
Speaker:just about as. Long as you're offering the right quality with it. I
Speaker:mean, don't get me wrong, I love a bargain, but I think, you know,
Speaker:for everyone in the long term, you're not going to last if you're, if your
Speaker:prices are too low and you can't afford to do all the things
Speaker:you need to do. So. Yeah, well, that's brilliant advice. Thank you so
Speaker:much, Michelle. Thank you. Thank
Speaker:you so much for listening. Right to the end of this episode, do remember that
Speaker:you can get the full back catalog and lots of free resources on my website,
Speaker:vickiweinberg.com. please do remember to rate and review this
Speaker:episode if you've enjoyed it and also share it with a friend who you think
Speaker:might find it useful. Thank you again and see you next week.