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Building A Multi-Million Dollar Business By Solving A Personal Problem

Building A Multi-Million Dollar Business By Solving A Personal Problem

FromThe Be Your Own Boss (BYOB) Podcast


Building A Multi-Million Dollar Business By Solving A Personal Problem

FromThe Be Your Own Boss (BYOB) Podcast

ratings:
Length:
24 minutes
Released:
Oct 13, 2021
Format:
Podcast episode

Description

What started as a passion project for a mom and a $50,000 investment has transformed into a multi-million-dollar brand. Piggy Paint shows that entrepreneurs don’t need a lot of capital to build a strong brand--just tenacity, determination, and a great product.  Melanie Hurley was an elementary school teacher when she had the idea for Piggy Paint in 2008. After seeing the issues caused by the chemicals in typical nail polish, Melanie set out to create a brand of non-toxic nail polish that was safe for all ages—especially her two young daughters. With no business experience, Melanie found a chemist online who helped her create the formula. Every decision at the beginning of the company was made with her daughters in mind. Melanie and her husband invested around $50,000 upfront and were incredibly scrappy to grow Piggy Paint. Melanie focused on organic growth and sending samples to bloggers to spread the word, all while fulfilling orders and preparing for trade shows from her basement. At one early trade show, Melanie shared a booth with a friend and spent days peddling products on her tiny table. She ended with ten wholesale orders, each around $150, and was ecstatic with the results. It’s a far cry from where Piggy Paint is today, with multiple product lines, 20 employees, a network of sales reps, and products in 1,000 stores across the country. In 2021 alone, the company is on track to sell 2 million bottles of nail polish.   But it wasn’t always smooth sailing and steady growth. One of Melanie’s goals was to get Piggy Paint into Target stores. She got the chance in 2013 with a holiday promotion, but the program wasn’t executed well and the products didn’t sell. Melanie was discouraged thinking she had blown her big chance. It took several years of waiting for the right time, but the brand was able to get back in Target stores in 2017, where it is now a permanent fixture. The experience showed Melanie the importance of not giving up. Melanie credits hard work and passion for the company’s success. Through the ups and downs, she hasn’t given up and worked hard every single year on her passion project. We frequently get asked things like: What do we use for courses and email marketing? What platform do we use to find people to join our team? What tools do we use for project and task management? Where do we host and publish podcasts and how do we transcribe them? And More.  Well, we just put together the Entrepreneurs' Online Business Toolkit PDF which will give you a complete breakdown of the tools we use to run our 7-figure businesses and how we use them. Click here to grab a copy, it will be an invaluable resource in your entrepreneurial journey! Connect with us: Website: https://www.byobpodcast.com/  Instagram: https://www.instagram.com/byobpodcasting  Facebook: https://www.facebook.com/thebyobpodcast  Twitter: https://twitter.com/thebyobpodcast  Newsletter: http://www.byobpodcast.com/newsletter 
Released:
Oct 13, 2021
Format:
Podcast episode

Titles in the series (99)

Blake and Jacob Morgan met at a conference ten years ago and it was love at first sight. One month later Blake packed a suitcase and moved to SF to be with Jacob. They've been inseparable ever since but it wasn't always easy. They have weathered many disappointments and wins together whether that was short-term jobs, layoffs, failed businesses, rejections and everything in-between. They've taken their critical lessons learned and turned them into a new co-hosted podcast teaching you to Be Your Own Boss, because that's exactly what they've each done in their own way. Jacob has had his own business for 13 years, and Blake for almost 5. They both laughingly deem themselves unemployable, and have figured out how to work for themselves. They want to give you the short-cuts so you don't have to struggle. Jacob has written five published books and Blake has published two books. They have presented at hundreds of conferences, built and sold online products, have their content viewed by millions each year, and even enjoy sitting side by side every single day as they navigate the sometimes unpredictable and rough waters of self-employment. They've learned how to manage entrepreneurship, marriage, parenthood and much more. This podcast brings you the insights and stories on how they did it - Blake and Jacob want to make life easier for you as you navigate your own road to self-employment and entrepreneurship, whether it's a distant dream or something you've already started on now. Connect with us: Website: https://www.byobpodcast.com/  Instagram: https://www.instagram.com/byobpodcasting  Facebook: https://www.facebook.com/thebyobpodcast  Twitter: https://twitter.com/thebyobpodcast  Newsletter: http://www.byobpodcast.com/newsletter