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Elle Black

๐Ÿ‘ค Speaker
197 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Can This Marketplace Help Influencers Make More Money?

It's basically essentially the same product as Johnson & Johnson, the best-selling Johnson & Johnson baby bubble bath.

SaaS Interviews with CEOs, Startups, Founders
Can This Marketplace Help Influencers Make More Money?

It's the same amount, six ounces, but it has her name, her brand, and a little bit of a different fragrance on it.

SaaS Interviews with CEOs, Startups, Founders
Can This Marketplace Help Influencers Make More Money?

Otherwise, the formulation is nearly identical.

SaaS Interviews with CEOs, Startups, Founders
Can This Marketplace Help Influencers Make More Money?

And she can sell out in 24 hours and sell it for 2.5x more than Johnson & Johnson sells it for.

SaaS Interviews with CEOs, Startups, Founders
Can This Marketplace Help Influencers Make More Money?

That's the future.

SaaS Interviews with CEOs, Startups, Founders
Can This Marketplace Help Influencers Make More Money?

And that's what we're doing.

SaaS Interviews with CEOs, Startups, Founders
Can This Marketplace Help Influencers Make More Money?

So when you talk about where is the value, in my mind, it's the fact that Kylie Jenner can sell out this product for two and a half more than Johnson & Johnson can.

SaaS Interviews with CEOs, Startups, Founders
Can This Marketplace Help Influencers Make More Money?

Oh, our suppliers.

SaaS Interviews with CEOs, Startups, Founders
Can This Marketplace Help Influencers Make More Money?

So it's free for creators to use.

SaaS Interviews with CEOs, Startups, Founders
Can This Marketplace Help Influencers Make More Money?

And the suppliers pay an 8% transaction fee.

SaaS Interviews with CEOs, Startups, Founders
Can This Marketplace Help Influencers Make More Money?

Yeah, this goes back to the minimum order quantity, right?

SaaS Interviews with CEOs, Startups, Founders
Can This Marketplace Help Influencers Make More Money?

So the minimum order quantity is for easy numbers.

SaaS Interviews with CEOs, Startups, Founders
Can This Marketplace Help Influencers Make More Money?

Let's say it's $1,000, right?

SaaS Interviews with CEOs, Startups, Founders
Can This Marketplace Help Influencers Make More Money?

So a creator is going to place an order for $1,000 in the platform.

SaaS Interviews with CEOs, Startups, Founders
Can This Marketplace Help Influencers Make More Money?

That order is going to go to the supplier and the supplier is going to pay us $80 because we gave them a customer.

SaaS Interviews with CEOs, Startups, Founders
Can This Marketplace Help Influencers Make More Money?

Oh, no, we're venture backed.

SaaS Interviews with CEOs, Startups, Founders
Can This Marketplace Help Influencers Make More Money?

Why did we decide to raise?

SaaS Interviews with CEOs, Startups, Founders
Can This Marketplace Help Influencers Make More Money?

Well, this is a venture-scale product.

SaaS Interviews with CEOs, Startups, Founders
Can This Marketplace Help Influencers Make More Money?

Yeah.

SaaS Interviews with CEOs, Startups, Founders
Can This Marketplace Help Influencers Make More Money?

Well, I mean, it depends on how you look at it, right?