The Ups and Downs of Building a Product Business with Megan from Second Scout.
Manage episode 416079713 series 3482730
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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