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The Foundr Podcast with Nathan Chan

161: How Jodie Fox Turned Her Passion for Shoes Into a Successful Online Business in 2 Months

The Foundr Podcast with Nathan Chan

Nathan Chan

Marketing, Business, Entrepreneurship

4.8662 Ratings

🗓️ 18 August 2017

⏱️ 50 minutes

🧾️ Download transcript

Summary

Jodie Fox loves her shoes. But unlike your average shoe lover, Fox was able to turn that love first into a living room-based passion project, and then a multimillion-dollar online business. She's the co-founder and CEO of Shoes of Prey, a popular online store that allows customers to design and customize their own shoes. Shoes of Prey recently raised $25 million in funding as part of its Series B round, and while that's impressive enough on its own, Fox managed to validate, launch, and break even on her very first business within two months. That's mind-bogglingly fast, even by startup standards. The former lawyer also skilfully scaled her business with a powerful mix of influencer marketing and deals with wholesale giants like Nordstrom, to the point that over 5 million shoes have been designed on the platform. Not bad for a first-time entrepreneur. "I think a founder's job when you start a business is just to do everything that you haven't hired anyone to do just yet," Fox says. Together with her co-founders, Fox followed her passion, validated her idea, built her first online store, and from there the wins kept on coming. We are very lucky to have the opportunity to interview her and receive step-by-step instructions on how this first-time entrepreneur managed to build herself a worldwide business with million of customers at lightning-fast speeds. In this episode you'll learn: Why you need to tap into the power of micro-influencers to quickly grow your brand How to ink deals with the top brands in your niche Exactly when to look for funding, and when to keep on bootstrapping How to conceive, validate, and launch your idea in as fast as two months What holds most online businesses back from being successful, and how to overcome them & so much more!

Transcript

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0:00.0

This is episode number 161 with Jodi Fox of the Founder Podcast.

0:07.0

What you need is thirst. You need to be a thirsty human who is intent on learning.

0:12.6

It's a really fascinating exploration of human potential.

0:18.4

The Founder Podcast. Even the greatest entrepreneurs had help.

0:24.3

If you want to learn from the most successful founders on the planet, you are in the right place.

0:30.0

Branson, Mark Cuban, Tony Robbins, Tim Ferriss, Arianna Huffington, Steve Case, Gary V, Sophia Amaroosa, Barbara Corcoran, Damon John.

0:37.1

Learn from the greatest minds in

0:38.7

business today with interviews hosted by Nathan Chan. This is not your average entrepreneur podcast.

0:45.2

The Founder Podcast.

0:52.4

Hey guys, thank you so much for tuning in. Before we start today's episode, I just want to let

0:58.5

you know that our goal at founder is to help entrepreneurs succeed however we can by giving

1:04.1

away high quality content in the form of interviews, blog posts, podcasts, YouTube videos,

1:10.3

you name it. We put out so much content to help you.

1:13.4

And another interesting project that we're working on right now is partnering with world-class

1:18.3

founders like Damon John, Alexa von Tobel, Greta Van Riel, and so many more to teach crucial skills

1:24.8

like negotiation, finance, e-commerce, and so much more.

1:30.5

So if you'd like to get access to these free trainings with founders like this, which is 100% free,

1:37.5

just go to founder.com forward slash free.

1:40.7

Okay, so now let's talk about today's episode.

1:44.1

Hello and welcome to another episode of the

1:46.6

founder podcast. My name's Nathan Chan and I am the host of this show and also the CEO and founder of

1:54.2

Founder Magazine. I hope you're all for having a fantastic day. Wherever you are around the world,

...

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