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Julie Fredrickson

๐Ÿ‘ค Speaker
193 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 391: Why Gary V Led $1.5M Round In This Cosmetics Company

You're on the back.

SaaS Interviews with CEOs, Startups, Founders
EP 391: Why Gary V Led $1.5M Round In This Cosmetics Company

Yeah.

SaaS Interviews with CEOs, Startups, Founders
EP 391: Why Gary V Led $1.5M Round In This Cosmetics Company

Because it's not our first rodeo.

SaaS Interviews with CEOs, Startups, Founders
EP 391: Why Gary V Led $1.5M Round In This Cosmetics Company

We knew things were going to get bad.

SaaS Interviews with CEOs, Startups, Founders
EP 391: Why Gary V Led $1.5M Round In This Cosmetics Company

And I don't think we anticipated that things were going to get as bad.

SaaS Interviews with CEOs, Startups, Founders
EP 391: Why Gary V Led $1.5M Round In This Cosmetics Company

But now I think our focus is a little bit more on repeat purchasing and growing at a rate that we can comfortably sustain.

SaaS Interviews with CEOs, Startups, Founders
EP 391: Why Gary V Led $1.5M Round In This Cosmetics Company

So I think it's going to look more closely like 15 to 20.

SaaS Interviews with CEOs, Startups, Founders
EP 391: Why Gary V Led $1.5M Round In This Cosmetics Company

But keep in mind, this is because we don't spend anything on paid marketing, whereas previously we were doing some degree of paid marketing and actually had a CAC goal.

SaaS Interviews with CEOs, Startups, Founders
EP 391: Why Gary V Led $1.5M Round In This Cosmetics Company

Well, so the CAT goal was, can we pay this back on first order?

SaaS Interviews with CEOs, Startups, Founders
EP 391: Why Gary V Led $1.5M Round In This Cosmetics Company

Because that should always be your goal, which in our case, our average order value was $75, give or take.

SaaS Interviews with CEOs, Startups, Founders
EP 391: Why Gary V Led $1.5M Round In This Cosmetics Company

$75.

SaaS Interviews with CEOs, Startups, Founders
EP 391: Why Gary V Led $1.5M Round In This Cosmetics Company

Yeah.

SaaS Interviews with CEOs, Startups, Founders
EP 391: Why Gary V Led $1.5M Round In This Cosmetics Company

So our goal was to have CAT be, just because, you know, cost of doing business, in the $40 to $50 range.

SaaS Interviews with CEOs, Startups, Founders
EP 391: Why Gary V Led $1.5M Round In This Cosmetics Company

And we never, ever surpassed that.

SaaS Interviews with CEOs, Startups, Founders
EP 391: Why Gary V Led $1.5M Round In This Cosmetics Company

So we always paid back on first order.

SaaS Interviews with CEOs, Startups, Founders
EP 391: Why Gary V Led $1.5M Round In This Cosmetics Company

Oh, God, I wish that we'd had that kind of cash.

SaaS Interviews with CEOs, Startups, Founders
EP 391: Why Gary V Led $1.5M Round In This Cosmetics Company

No, some total, I would say we probably had spent maybe top of $100,000 in total.

SaaS Interviews with CEOs, Startups, Founders
EP 391: Why Gary V Led $1.5M Round In This Cosmetics Company

You know, I don't actually know the number off the top of my head.

SaaS Interviews with CEOs, Startups, Founders
EP 391: Why Gary V Led $1.5M Round In This Cosmetics Company

No, we stopped in January.

SaaS Interviews with CEOs, Startups, Founders
EP 391: Why Gary V Led $1.5M Round In This Cosmetics Company

And yet our growth has sustained itself.