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Jana Francis

๐Ÿ‘ค Speaker
186 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
This Mom of 3 Does Clever Thing Each Morning, Has Made $76 Million with Jana Francis of Steals.com EP 244

Absolutely.

SaaS Interviews with CEOs, Startups, Founders
This Mom of 3 Does Clever Thing Each Morning, Has Made $76 Million with Jana Francis of Steals.com EP 244

We have a lot of it.

SaaS Interviews with CEOs, Startups, Founders
This Mom of 3 Does Clever Thing Each Morning, Has Made $76 Million with Jana Francis of Steals.com EP 244

So I can imagine.

SaaS Interviews with CEOs, Startups, Founders
This Mom of 3 Does Clever Thing Each Morning, Has Made $76 Million with Jana Francis of Steals.com EP 244

We do.

SaaS Interviews with CEOs, Startups, Founders
This Mom of 3 Does Clever Thing Each Morning, Has Made $76 Million with Jana Francis of Steals.com EP 244

Yeah, we do a bit of a mixture right now where sometimes, you know, I would say about half the time and in our eight years, it's been 100 percent.

SaaS Interviews with CEOs, Startups, Founders
This Mom of 3 Does Clever Thing Each Morning, Has Made $76 Million with Jana Francis of Steals.com EP 244

We take on the inventory.

SaaS Interviews with CEOs, Startups, Founders
This Mom of 3 Does Clever Thing Each Morning, Has Made $76 Million with Jana Francis of Steals.com EP 244

But since August of last year, we've been testing a little bit of a different strategy where we're

SaaS Interviews with CEOs, Startups, Founders
This Mom of 3 Does Clever Thing Each Morning, Has Made $76 Million with Jana Francis of Steals.com EP 244

And this is in an effort to drive sales because when we buy the inventory in advance, we really limit it because knowing what's gonna sell is a crystal ball that it's been eight years, it is impossible to figure out.

SaaS Interviews with CEOs, Startups, Founders
This Mom of 3 Does Clever Thing Each Morning, Has Made $76 Million with Jana Francis of Steals.com EP 244

So we've been testing a different model where we, with some brands, and this is a good example.

SaaS Interviews with CEOs, Startups, Founders
This Mom of 3 Does Clever Thing Each Morning, Has Made $76 Million with Jana Francis of Steals.com EP 244

So today we have the samples of all of these products so that we can test it for quantity or for quality, but we will place the purchase order with DJ California as soon as the event ends in the morning.

SaaS Interviews with CEOs, Startups, Founders
This Mom of 3 Does Clever Thing Each Morning, Has Made $76 Million with Jana Francis of Steals.com EP 244

And get those shipped to our fulfillment center and then get them.

SaaS Interviews with CEOs, Startups, Founders
This Mom of 3 Does Clever Thing Each Morning, Has Made $76 Million with Jana Francis of Steals.com EP 244

Right.

SaaS Interviews with CEOs, Startups, Founders
This Mom of 3 Does Clever Thing Each Morning, Has Made $76 Million with Jana Francis of Steals.com EP 244

That's about half of my model, and the other half is this.

SaaS Interviews with CEOs, Startups, Founders
This Mom of 3 Does Clever Thing Each Morning, Has Made $76 Million with Jana Francis of Steals.com EP 244

It is a juggling act, but we do what we can do.

SaaS Interviews with CEOs, Startups, Founders
This Mom of 3 Does Clever Thing Each Morning, Has Made $76 Million with Jana Francis of Steals.com EP 244

It's all dependent on the margin, what we're going to get from the product.

SaaS Interviews with CEOs, Startups, Founders
This Mom of 3 Does Clever Thing Each Morning, Has Made $76 Million with Jana Francis of Steals.com EP 244

And if it's a take-all and that kind of thing, and my cash level at the time per site, it is quite a game of Tetris every day.

SaaS Interviews with CEOs, Startups, Founders
This Mom of 3 Does Clever Thing Each Morning, Has Made $76 Million with Jana Francis of Steals.com EP 244

So in general, we're looking at about a 40 percent margin.

SaaS Interviews with CEOs, Startups, Founders
This Mom of 3 Does Clever Thing Each Morning, Has Made $76 Million with Jana Francis of Steals.com EP 244

In this case, $625.

SaaS Interviews with CEOs, Startups, Founders
This Mom of 3 Does Clever Thing Each Morning, Has Made $76 Million with Jana Francis of Steals.com EP 244

$625.

SaaS Interviews with CEOs, Startups, Founders
This Mom of 3 Does Clever Thing Each Morning, Has Made $76 Million with Jana Francis of Steals.com EP 244

Absolutely.