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How Kelley Higney Went All In On Bug Bite Thing--And Scored A Deal On Shark Tank

How Kelley Higney Went All In On Bug Bite Thing--And Scored A Deal On Shark Tank

FromThe Be Your Own Boss (BYOB) Podcast


How Kelley Higney Went All In On Bug Bite Thing--And Scored A Deal On Shark Tank

FromThe Be Your Own Boss (BYOB) Podcast

ratings:
Length:
39 minutes
Released:
Dec 1, 2021
Format:
Podcast episode

Description

One of the hardest questions for entrepreneurs is knowing when to go all in. How do you know you are ready to go headfirst into the business? For Kelley Higney, founder and CEO of Bug Bite Thing, the realization came when she had customers tracking her down in the parking lot after she sold her product at her daughter’s bake sales. With amazing customer feedback, Kelley realized she was onto something, sold her house, and invested that money into her first big batch of inventory. Kelley says it was terrifying, especially with a young family. Before she could go all in on Bug Bite Thing, she created a nest egg as a backup plan. She also did extensive proof of concept testing by selling her product in small quantities at local events like farmers’ markets and bake sales. Everywhere she went, she got the same response--people loved it. That positive customer feedback and consistent testing gave her the confidence to go all in. Kelley has always welcomed customer feedback and understands that customers will tell you whether or not they like something. She advises entrepreneurs to not be stubborn with their own thought process and instead listen to the people who are going to purchase the product and consider how you will get them to tell more people about it. Kelley wasn’t a business expert when she decided to go all in on her business. With a background in teaching, Kelley is a self-taught entrepreneur who learned from networking groups, online classes, extensive research, and trial and error. She taught herself social media marketing and invested some of the earliest sales of her product right back into her learning through online courses. But some of Kelley’s most powerful learning and on-the-job training came from listening to customers. Even as she was repeatedly told no by potential investors, Kelley held strong to the overwhelmingly positive customer feedback and knew her product was a winner. Her efforts paid off as Bug Bite Thing saw tremendous growth and she made it to the Holy Grail for entrepreneurs—Shark Tank—where she had competing offers from all five Sharks. Knowing when to go all in is different for each entrepreneur. But as Kelley knows, researching and testing the concept and learning from customers can provide powerful insights into the demand and potential for a product. 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:
Dec 1, 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