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Nathan Rothstein

๐Ÿ‘ค Speaker
171 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
He Made $750k in November, 2015 From Tee Shirt Quilts in Episode 189 with Nathan Rothstein

That's not that cool.

SaaS Interviews with CEOs, Startups, Founders
He Made $750k in November, 2015 From Tee Shirt Quilts in Episode 189 with Nathan Rothstein

But then no one was really buying anything else we were selling.

SaaS Interviews with CEOs, Startups, Founders
He Made $750k in November, 2015 From Tee Shirt Quilts in Episode 189 with Nathan Rothstein

And so we figured out a way to make an affordable T-shirt quilt.

SaaS Interviews with CEOs, Startups, Founders
He Made $750k in November, 2015 From Tee Shirt Quilts in Episode 189 with Nathan Rothstein

And apparently that's what the market wanted.

SaaS Interviews with CEOs, Startups, Founders
He Made $750k in November, 2015 From Tee Shirt Quilts in Episode 189 with Nathan Rothstein

So how do you how do you make money on this?

SaaS Interviews with CEOs, Startups, Founders
He Made $750k in November, 2015 From Tee Shirt Quilts in Episode 189 with Nathan Rothstein

So, so, so people pay us to turn their own t-shirts into a t-shirt quilt.

SaaS Interviews with CEOs, Startups, Founders
He Made $750k in November, 2015 From Tee Shirt Quilts in Episode 189 with Nathan Rothstein

And so you would, you know, a typical customer is a mom whose kid is graduating from high school.

SaaS Interviews with CEOs, Startups, Founders
He Made $750k in November, 2015 From Tee Shirt Quilts in Episode 189 with Nathan Rothstein

She has all of her shirts that she's gotten for sports.

SaaS Interviews with CEOs, Startups, Founders
He Made $750k in November, 2015 From Tee Shirt Quilts in Episode 189 with Nathan Rothstein

She sends them to us and then we turn them into a t-shirt quilt and we send it back.

SaaS Interviews with CEOs, Startups, Founders
He Made $750k in November, 2015 From Tee Shirt Quilts in Episode 189 with Nathan Rothstein

And so they pay for the service for us turning it into a quilt.

SaaS Interviews with CEOs, Startups, Founders
He Made $750k in November, 2015 From Tee Shirt Quilts in Episode 189 with Nathan Rothstein

So it's between $75 and $250, depending on the size.

SaaS Interviews with CEOs, Startups, Founders
He Made $750k in November, 2015 From Tee Shirt Quilts in Episode 189 with Nathan Rothstein

And that covers the shipping of the quilt back to you, and then the customer pays to ship the shirts to us.

SaaS Interviews with CEOs, Startups, Founders
He Made $750k in November, 2015 From Tee Shirt Quilts in Episode 189 with Nathan Rothstein

Um, so the, the most popular size is the full size, which is retail 130.

SaaS Interviews with CEOs, Startups, Founders
He Made $750k in November, 2015 From Tee Shirt Quilts in Episode 189 with Nathan Rothstein

Um, it's, it's up to 30 shirts.

SaaS Interviews with CEOs, Startups, Founders
He Made $750k in November, 2015 From Tee Shirt Quilts in Episode 189 with Nathan Rothstein

Sure.

SaaS Interviews with CEOs, Startups, Founders
He Made $750k in November, 2015 From Tee Shirt Quilts in Episode 189 with Nathan Rothstein

So we, so the cost is, I mean, basically each for each quilt we're making between 35 and 45%.

SaaS Interviews with CEOs, Startups, Founders
He Made $750k in November, 2015 From Tee Shirt Quilts in Episode 189 with Nathan Rothstein

Okay.

SaaS Interviews with CEOs, Startups, Founders
He Made $750k in November, 2015 From Tee Shirt Quilts in Episode 189 with Nathan Rothstein

So most of the cost goes into labor and then the fleece and shipping.

SaaS Interviews with CEOs, Startups, Founders
He Made $750k in November, 2015 From Tee Shirt Quilts in Episode 189 with Nathan Rothstein

But since we're making the product in the U.S., the labor is higher than most textile work that's done overseas.

SaaS Interviews with CEOs, Startups, Founders
He Made $750k in November, 2015 From Tee Shirt Quilts in Episode 189 with Nathan Rothstein

So we made about a thousand quilts a week.