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The Ups and Downs of Building a Product Business with Megan from Second Scout.
Manage episode 416079713 series 3482730
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What would you do if your factory closed down overnight? How would you cope?
Megan from Second Scout is a guest on the podcast today and generously shares her journey and some of the ups and downs of having a product-based business.
Last year, Megan went through a major down and we discuss how she was able to come back from it better than ever.
If you ever start a product business, a good rule of thumb is to always be prepared. You never know when a stockist is going to pull away, a factory will shut down, or the market will shift.
Listen to this week's episode to learn all about Megan and how she has created a product for kids that actually helps out adults too!
We discuss the following:
01:06 What is Second Scout?
12:09 Second Scout’s supply chain issues
19:57 Balance with retail and wholesale
22:49 Advice for anyone starting out
27:54 Megan’s experience with marketing
35:44 What new products are coming to Second Scout?
Shop all things Second Scout here.
Follow Second Scout on Instagram here.
I'm Mel Robbins! from @thelotco
Register for my FREE webinar here https://www.thelotco.com/training
And if you want a Roadmap to Building a Profitable Product Business head here for directions!
Looking for specific help with Wholesale? Check out the Transform your Wholesale program
Find more details at https://www.thelotco.com.au/
Business Coach for product-based businesses. Teaching creative business women how to build a scalable and profitable million-dollar product business whether a physical Retail store or Brand.
Over 25 years in Retail and Wholesale Sales and Marketing.
Grab my 8 step checklist on building a profitable product business.
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