π‘ Oliver Brocato built an $11M business in 18 months without building a personal brand or relying on dropshipping.
π₯ He focused on creating a good product instead of chasing the next hot trend, and built a legitimate brand with a loyal customer base.
π« Through careful research and collaboration with suppliers, he created a controversial yet luxury product in the form of split chocolates, targeting a specific niche.
π‘ The packaging of the product was designed to create a luxury feel and contribute to the customer experience.
π¦ The box production process was labor-intensive and required attention to detail, leading to outsourcing the manufacturing to China.
π The marketing strategy involved working with micro-influencers on TikTok to create user-generated content and leverage the platform's ability to go viral.
π‘ The sales from viral videos on TikTok come from follow-up videos that respond to comments from the original viral video.
πΉ Optimize the first viral video for brand awareness and views, then focus on conversions and selling in the follow-up videos.
π° The majority of sales come from the follow-up videos, with one video generating $40,000 in sales and the follow-up videos generating $130,000 the next day.
π By implementing a strategic funnel with various upsells and cross-sells, the speaker was able to significantly increase the revenue generated from each customer, experiencing a 100% boost.
π° The speaker emphasized the importance of optimizing pricing, starting with a higher price point for their luxury product and conducting split tests to further refine the pricing structure.
π± The speaker mentioned using innovative tools such as one text, an advanced text messaging platform, and social snowball, a platform for streamlining affiliate and influencer marketing.
Believe in yourself and understand that there is no limit to success.
Experience and intuition are more important than intelligence.
Building a personal brand can lead to connections, opportunities, and success.
πΌ College culture can be restrictive and uninspiring, leading some students to feel dissatisfied with their education.
π The traditional narrative of going to college to get a degree and find success may not always be the best path for everyone.
π‘ Taking risks, pursuing one's passions, and building a business can lead to greater success and fulfillment than following conventional expectations.
π‘ Focus on mental health and well-being to make good decisions and avoid burnout.
πΊοΈ Expand internationally to increase revenue and explore new online platforms like Amazon and Etsy.
π Diversify product lines and explore different markets to continue growing the business.
Building a personal brand has significant value and is worth pursuing.
Networking with industry experts can be achieved through social media platforms like Twitter.
Authenticity and unique perspectives can attract followers and lead to connections with influential individuals.
Creating a strong personal brand can establish credibility and open doors for opportunities.